New Delhi: According to reports, India has overtaken the United States as the world’s second-largest 5G handset market for the first time, second only to China. This significant growth in India’s 5 G market is indicative of the country’s increasing technological prowess and its potential to influence global market trends.
According to Counterpoint Research, global 5G handset shipments increased 20% (year on year) in the first half of 2024. Apple topped 5G handset shipments, accounting for over 25% of the total.
Apple topped global 5G handset shipments, accounting for more than 25%, thanks to robust shipments of the iPhone 15 and 14 series.
The Global 5 G Revolution: A Beacon of Hope for Emerging Markets 5G device sales have been on a steady rise, and with the increased availability of 5G handsets in the budget class, emerging markets have witnessed a significant surge in this category.
“India became the second-biggest 5G handset market during the first half, overtaking the US. The strong shipments from Xiaomi, Vivo, Samsung and other brands in the budget segment were the main reason for this trend,” said senior analyst Prachir Singh.
Samsung came in second, with more than 21% market share, thanks to the Galaxy A and S24 series. Apple and Samsung each claimed five slots on the top-10 list of 5G models in the first half of 2024, with Apple grabbing the top four.
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Other emerging markets had a significant increase in 5G handsets. Consumers in emerging nations are considering 5G handsets as an upgrade to their existing devices, especially in the lower price range.
Asia-Pacific and MEA: The Powerhouses of 5 G Asia-Pacific, with its 63% contribution to worldwide net additions and 58% of 5G shipments, and MEA, with its double-digit increase in 5G handset shipments, are playing a significant role in the global 5 G revolution.
According to Research Director Tarun Pathak, as the democratisation of 5G devices increases, as does 5G adoption in lower price categories and network development, this trend will continue to grow.
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–IANS
