“In May, 5G shipments accounted for 48% of the smartphone market, with Samsung leading the 5G market, closely followed by OnePlus and Vivo.
Collectively, these three brands captured a combined 5G market share of 60 per cent,” Shipra Sinha, analyst, Industry Intelligence Group, CMR, told Media.
As 5G roll-out now reaches most of the regions in India, The 5G smartphone market is expected to expand by more than 70 per cent (on-year) by the end of this year.
The India smartphone market recorded more than 13 times growth in its 5G shipments from the year of its initial introduction in 2020.
In CY2022, close to 100 5G smartphones were launched in the India market.
The key for mass 5G adoption in India will depend, among others, on the introduction of 5G smartphones in the affordable smartphone segment (less than Rs 10,000), according to an earlier CMR study.
Reliance Jio and Bharti Airtel begun rolling out their 5G networks from October 2022, and have covered most parts in the country.