India is now the second-largest 5G smartphone market, surpassing the US

India is now the second-largest 5G smartphone market in the world, new data from Counterpoint Research shows.

With 40 million 5G smartphone shipments in the first half of 2023, India has overtaken the US, which shipped 29 million 5G smartphones during the same period.

India saw rapid growth in 5G smartphone shipments in the first half of 2023

The shift is driven by a surge in demand for affordable 5G smartphones in India.

5G smartphone shipments in India grew by 121% year-over-year in the first half of 2023.

This growth was driven by strong demand for affordable 5G smartphones from brands such as Xiaomi, Samsung, and Realme.

Chinese brands dominate India's 5G smartphone market

Chinese brands accounted for over 80% of 5G smartphone shipments in India in the first half of 2023.

Xiaomi was the leading brand, with a 26% market share.

Samsung was the second-largest brand, with a 22% market share.

India is expected to be the largest 5G smartphone market in the world by 2025

Counterpoint Research predicts that India will become the largest 5G smartphone market in the world by 2025.

The market is expected to grow to 150 million 5G smartphone shipments in 2023, and 300 million shipments by 2025.

This growth will be driven by the continued expansion of 5G networks in India and the increasing availability of affordable 5G smartphones.

India's 5G smartphone market is a major opportunity for global smartphone brands

The growth of India's 5G smartphone market represents a major opportunity for global smartphone brands.

By offering a wide range of 5G smartphones at different price points, brands can tap into the growing demand for 5G smartphones in India.