While India rides on 5Gwith more than 50 cities and towns now enjoying the new technology, India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that by the end of 2023, 75 to 80 percent of newly launched smartphones will be 5G-enabled.
The 5G services were launched by the Prime Minister Narendra Modi on October 1st.
Telecom providers have rolled out the service in select cities and plan to cover the entire country by late 2023 or early 2024.
“India as a nation is an early adopter of 5G technology. This 5G technology has a tremendous opportunity for a new generation of telecom equipment manufacturers, application providers and Internet of Things (IoT), Machine-2-Machine (M2M) and healthcare services, among others,” said Mohindroo.
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The mobile device ecosystem was an early jumping-off point for the manufacture of 5G phones.
Even before the introduction of 5G services, there were around 80-100 million 5G-compatible phones on the market.
According to the Ericsson Mobility Report, 5G will account for around 53 percent of cellular subscriptions in India by 2028, with 690 million users.
5G subscriptions in India were expected to reach around 31 million by the end of 2022.
Referring to the semiconductor industry, Mohindroo said that the Indian semiconductor market was worth US$15 billion in 2020 and is expected to reach US$63 billion by 2023 at a CAGR of 30 percent.
“This is a huge opportunity for the nation. The government is very focused on building the entire semiconductor ecosystem in the country, from the semiconductor fab to compound semiconductors, discrete semiconductors to assembly, test, marking and packaging (ATMP) units. etc.” said Mohindroo.
That Semiconductor Mission in India provides an incentive spending of Rs 76,000 crore for the development of the semiconductor ecosystem in India and provides fiscal support for 50 percent of the project cost.
‘We believe the next priority should be to ensure the workforce is skilled for the sector and to incentivize the downstream semiconductor manufacturing value chain,’ he said.
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