5G smartphone shipments in India will exceed that of 4G shipments by the end of next year, a new report said. The development comes a few days after India’s smartphone shipments were reported to witness a year-over-year (YoY) decline in 2022 due to macroeconomic factors affecting consumer demand in the entry and budget segments.
As per a report by Counterpoint Research, the 5G smartphone shipment will be driven by the launch of 5G services. “India’s 5G smartphone shipments are estimated to grow 81% YoY in 2022 driven by their expanding presence in lower price bands (less than Rs 20,000) and rollout of 5G networks in the latter half of the year,” as per Counterpoint’s India Market Outlook.
5G smartphone share to increase 2x YoY in 2023
The market research firm says that cumulative 5G smartphone shipments will cross the 100-million mark in Q2 2023 and will exceed 4G smartphone shipments by the end of 2023. “5G smartphone share in lower price bands (less than Rs 20,000) is gradually increasing (from 4% in 2021 to 14% in 2022). The same is expected to reach 30% in 2023,” the report said.
5G third important factor for smartphone purchases
The report also notes that 5G is the third most important factor for future smartphone purchases with price being one of the main factors to drive the demand for 5G phones.
The cost of an entry-level 5G smartphone fell below Rs 10,000 in 2022 with the launch of the Lava Blaze 5G. The availability of affordable 5G chipsets from Qualcomm and MediaTek has enabled OEMs to launch more 5G smartphones in the lower price segment.
However, in order to bring 5G smartphones into the lower price segment, OEMs downgraded other key features such as display or fast charging to lessen the impact of increased component costs.
As per a report by Counterpoint Research, the 5G smartphone shipment will be driven by the launch of 5G services. “India’s 5G smartphone shipments are estimated to grow 81% YoY in 2022 driven by their expanding presence in lower price bands (less than Rs 20,000) and rollout of 5G networks in the latter half of the year,” as per Counterpoint’s India Market Outlook.
5G smartphone share to increase 2x YoY in 2023
The market research firm says that cumulative 5G smartphone shipments will cross the 100-million mark in Q2 2023 and will exceed 4G smartphone shipments by the end of 2023. “5G smartphone share in lower price bands (less than Rs 20,000) is gradually increasing (from 4% in 2021 to 14% in 2022). The same is expected to reach 30% in 2023,” the report said.
5G third important factor for smartphone purchases
The report also notes that 5G is the third most important factor for future smartphone purchases with price being one of the main factors to drive the demand for 5G phones.
The cost of an entry-level 5G smartphone fell below Rs 10,000 in 2022 with the launch of the Lava Blaze 5G. The availability of affordable 5G chipsets from Qualcomm and MediaTek has enabled OEMs to launch more 5G smartphones in the lower price segment.
However, in order to bring 5G smartphones into the lower price segment, OEMs downgraded other key features such as display or fast charging to lessen the impact of increased component costs.
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