Summary:

According to Counterpoint Research, 5G smartphones are rapidly gaining popularity in India, making it the world's second-largest market for 5G devices with a 13% share, behind only China at 32%. The United States is currently in third place with 10%. Key contributions from Samsung, Vivo, and Xiaomi, particularly in the budget segment, have fueled this growth.

Mr. Prachir Singh, a senior analyst at Counterpoint Research, noted that India surpassed the US in 5G smartphone shipments in early 2024, thanks to strong performances by Xiaomi, Vivo, and Samsung. Apple leads the global 5G market with more than 25% share, driven by the iPhone 15 and 14 series, while Samsung holds over 21% with its Galaxy A and S24 series. 5G devices now account for over 54% of the market, with this figure expected to rise to 57% in 2024 and 65% in 2025.

Source: IBEF

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