India 5G Smartphone Market
India 5G Smartphone Market Size to Expand at Exhilarating CAGR of 124% during 2022–2030
Published | 27 October 2022
India 5G smartphone market is flourishing due to growing efforts of key industry players in making affordable 5G smartphones, rising usage of social media sites, high-speed gaming, technology advancements, and supportive government programs for 5G network in the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India 5G Smartphone Market size to grow rapidly at a robust CAGR of 124.1% during the forecast period between 2022 and 2030. In India, the 5G network was officially launched in October 2022. Hence, India 5G smartphone market is expected to witness a spike in demand for 5G smartphones during the holiday season. During that time, original equipment manufacturers (OEMs) will also concentrate on several 5G smartphone launches. The introduction of 5G services in the country is expected to increase demand for smartphones, with total device shipments increasing. 5G smartphones are expected to account for nearly 840 million total shipments in India. 5G adoption will increase year on year beginning 2022, resulting in increased 5G smartphone sales in India.
India 5G Smartphone Market – Overview
Demand for 5G smartphones in India is expected to skyrocket. The high demand for 5G smartphones is expected to be fueled primarily by the launch of 5G, which is expected to be the most widely adopted mobile technology due to its diverse applications, such as high-speed gaming and remote healthcare. India 5G smartphone market is expanding because of improvements in internet connectivity, rising smartphone usage, rising healthcare IT costs, developing IT infrastructure, technology readiness, a growing shortage of healthcare providers, overcrowded healthcare facilities, and rising medical costs. Demand for smartphones is also expected to rise as internet usage increases; the requirement to adopt fintech, e-health, and e-learning. Sales of smartphones in the rural sector could also be boosted by the BharatNet project, which aims to connect all villages to high-speed broadband.
The increasing number of internet users is one of the most significant factors influencing India 5G smartphone market. As 5G smartphones enable users to access the internet and perform the same tasks as a computer or laptop, smartphones have grown in popularity as internet usage has spread. People frequently use their smartphones to access their preferred video-streaming websites and applications. Thus, the proliferation of the 5G smartphone market was sparked by the increasing internet penetration. The market is also expected to expand because of various factors, including the increasing integration of AR technology, rising subscription rates for over-the-top (OTT) platforms, increasing number of mobile internet users, and a phenomenal increase in the number of e-sports.
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India 5G Smartphone Market – Overview
India 5G smartphone market is divided into Android and IOS based on the operating system; into North India, South India, East India, and West India based on the region; and into Online Sales and Offline Sales (Supermarkets/Hypermarkets, Specialty Stores, Others) based on the sales channel. Currently, the online sales channel segment dominates the market, accounting for a higher share in India 5G smartphone market by sales channel.
Due to several recent trends, including the rising trend of connected IoT devices, accelerating adoption of 5G smartphones, and deepening penetration of mobile e-commerce, India 5G smartphone market is projected to grow at a rapid rate during the forecast period. Advanced applications, such as e-commerce, are supported by 5G smartphones with faster performance. Hence, it is expected that increasing mobile e-commerce penetration would contribute significantly to the growth of India 5G smartphone market during the period in analysis.
Impact of COVID–19 on India 5G Smartphone Market
Electronics manufacturing sector in India was severely hampered by the COVID-19 pandemic. The pandemic also affected global exports and imports of electronics and other goods, as major countries' borders were closed. However, as COVID-19 cases increased globally, more people were using smartphones and needed high-speed networks as a significant portion of workforce was working from home (WFH) and leading sedentary lifestyles during a lockdown. Hence, the continuing WFH trend could accelerate the growth of India 5G smartphone market.
Prominent players in India 5G smartphone market include SAMSUNG India Electronics Private Limited, Infinix Mobiles, OnePlus Technology Co., Ltd., Nokia Corporation, Apple Inc., Xiaomi Corporation, Guangdong Oppo Mobile Telecommunications Corp., Ltd, Motorola Mobility LLC, Realme, and Vivo Mobile India Pvt Ltd.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India 5G Smartphone Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India 5G Smartphone Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting (BWC) provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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