All smartphone manufacturers are moving forward in the development of 5G-enabled devices. A fresh report from CMR (CyberMedia Research) suggests that in 2023 Indian 5G smartphone shipment count will increase. The overall shipment of the smartphone is to see a decent growth of 70 percent annually.
Samsung, OnePlus and Vivo are the leaders in the Indian market in 5G smartphone shipments in CY2022. Also, in the 5G Value for Money (INR 10000-25000) price segment, Xiaomi and realme were the major contributors.
According to Menka Kumari, analyst at CMR’s Industry Intelligence Group (IIG), said in a statement, “From a mere 4 percent in calendar year (CY) 2020, to a potential of over 45 percent market share in CY2023, 5G smartphones have come a long way. In CY2022, close to 100 5G smartphones (models) were launched in India. In 2023, we anticipate close to 75 percent (more) new smartphones to be introduced in the India market, to be 5G-capable.”
Back in November 2022, it was reported that a total of around 67 million 5G smartphones were shipped to India.