The 5G smartphone shipment share in India increased to 31 percent in 2022, with 5G shipments growing 74 percent (year-on-year), a report showed on Tuesday.
5G smartphones worth $20 billion (in value) were shipped in the country in 2022.
Samsung led the 5G segment with 23 percent market share, followed by OnePlus with 15 percent market share.
“Driven by a resilient consumer appetite to switch and upgrade, the premium smartphone market continued to gain traction. In fact, the uber-premium smartphone segment (Rs 1,00,000 and above) grew a whopping 95 per cent YoY,” said Menka Kumari, Analyst- Industry Intelligence Group, CyberMedia Research (CMR).
However, the overall mobile market in India declined 17 percent YoY in 2022, and smartphone shipments declined 8 percent YoY.
“All said, the overall smartphone market continued to post a decline, driven by the tough market conditions in H2 2022,” Kumari added.
On a quarterly basis, smartphone shipments declined by 28 percent in Q4 2022.
However, the Premium smartphone segment and the super-premium smartphone segment saw shipments increasing by 12 percent and 41 percent YoY, respectively.
Xiaomi (21 percent), Samsung (19 percent) and Vivo (14 percent) captured the top three spots in the smartphone market, followed by realme (14 percent) and OPPO (10 percent).
The overall feature phone segment declined by 34 percent YoY, driven by weak consumer sentiment, owing to high device prices.
“We anticipate the tough macroeconomic conditions to persist in the first half of the year. The silver lining continues to be the growth in 5G smartphone shipments. It will be a big year for 5G in India,” said Shipra Sinha, Analyst-Industry Intelligence Group (IIG), CMR.
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