Cumulative 5G smartphone shipments are expected to cross the 100 million mark in the second quarter (Q2) next year and surpass 4G smartphone shipments by the end of 2023. The share of 5G in the low price band (under Rs 20,000) is gradually increasing, from 4 per cent in 2021 to 14 per cent in 2022.
According to Counterpoint Research, “It is expected to reach 30 percent in 2023. An entry-level 5G smartphone to cost under Rs 10,000 in 2022 with the launch of the Lava Blaze 5G.”
The report states that the availability of affordable 5G chipsets from Qualcomm and MediaTek has enabled OEMs to launch more 5G devices in the low-cost segment, while the commercial rollout of 5G services has also fueled demand.
5G smartphone shipments are estimated to grow by 81 percent (y-o-y) in 2022, driven by their increasing presence in the lower price bands (Rs 20,000) and the rollout of 5G networks.
However, growth has been limited here due to component supply constraints, inflation, geopolitical conflicts, and other macroeconomic issues, which have delayed the launch of 5G devices in the budget segment.
While OEMs have brought in more 5G devices for lower price bands, they have done so by dropping or downgrading other key features like display or fast charging to reduce the impact of the increase in component cost.
“We expect these barriers to come down by the end of 2023, allowing mass adoption of 5G. Improved availability of networks in key regions will also facilitate 5G smartphone growth in 2023, which is estimated to be 62 percent annually,” the report said.
5G has been a driving force and will further drive smartphone demand in 2023 as well.
The post India 5G smartphone shipments to surpass 4G shipments in 2023: details here appeared first on BGR India.