India has made a significant leap in the global smartphone market, surpassing the United States to become the second-largest market for 5G devices. This surge in adoption is highlighted in a recent report by Counterpoint Research, which reveals that India now holds a 13% share of the global 5G smartphone market, trailing only China at 32%. The US has slipped to third place with a 10% market share.
The growth in India’s 5G smartphone market is largely attributed to strong sales figures from major brands like Samsung, Vivo, and Xiaomi. These brands have particularly seen success in the budget segment, making 5G technology more accessible to a wider audience.
Prachir Singh, a senior analyst at Counterpoint Research, notes that “5G handset shipments have been growing steadily and with the increased availability of 5G handsets in the budget segment, the emerging markets have witnessed high growth in this segment.”
Globally, Apple leads the 5G handset shipment market with over 25% share, followed by Samsung at 21%. Xiaomi secured the third position, achieving a remarkable triple-digit growth rate in India.
Tarun Pathak, research director at Counterpoint Research, highlights the growing adoption of 5G technology, stating that “5G handset contribution to the overall handset market was over 54% in H1 2024, crossing 50% for the first time.” This indicates a clear shift towards 5G, particularly in emerging markets like India.
The rapid growth of India’s 5G smartphone market reflects a positive trend for the technology sector and indicates a growing demand for faster and more efficient mobile connectivity in the country.
