5G smartphone shipments in India will surpass 4G shipments by the end of next year, according to a new report. The development comes a few days after it was reported that India’s smartphone shipments would post a year-on-year (YoY) decline in 2022 due to macroeconomic factors affecting consumer demand in the entry-level and budget segments.
According to a report by Counterpoint Research, 5G smartphone shipments will be fueled by the launch of 5G Services. “India’s 5G smartphone shipments are estimated to grow by 81% yoy in 2022, driven by their growing presence at lower price points (less than Rs 20,000) and the rollout of 5G networks in the second half of the year.” Counterpoint’s India Market Outlook.
5G smartphone share projected to double year-on-year in 2023
The market research firm says cumulative 5G smartphone shipments will surpass 100 million in the second quarter of 2023, and 4G smartphone shipments will surpass by the end of 2023. from 4% in 2021 to 14% in 2022). The same value is expected to reach 30% in 2023,” the report said.
5G third important factor for smartphone purchases
The report also finds that 5G is the third most important driver for future smartphone purchases, with price being one of the main drivers of demand 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 allowed OEMs to bring more to market 5G smartphones in the lower price segment.
However, in order to bring 5G smartphones into the lower price segment, OEMs have downgraded other key features such as display or fast charging to reduce the impact of increased component costs.
According to a report by Counterpoint Research, 5G smartphone shipments will be fueled by the launch of 5G Services. “India’s 5G smartphone shipments are estimated to grow by 81% yoy in 2022, driven by their growing presence at lower price points (less than Rs 20,000) and the rollout of 5G networks in the second half of the year.” Counterpoint’s India Market Outlook.
5G smartphone share projected to double year-on-year in 2023
The market research firm says cumulative 5G smartphone shipments will surpass 100 million in the second quarter of 2023, and 4G smartphone shipments will surpass by the end of 2023. from 4% in 2021 to 14% in 2022). The same value is expected to reach 30% in 2023,” the report said.
5G third important factor for smartphone purchases
The report also finds that 5G is the third most important driver for future smartphone purchases, with price being one of the main drivers of demand 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 allowed OEMs to bring more to market 5G smartphones in the lower price segment.
However, in order to bring 5G smartphones into the lower price segment, OEMs have downgraded other key features such as display or fast charging to reduce the impact of increased component costs.
Lava Blaze 5G: Unboxing & First Look
