December 30, 2022
The share of 5G smartphones priced below US$ 250 is expected to reach 30% in 2023
Exports of 5G smartphones will cross the 100-million mark in the second quarter of 2023
5G in India is expected to be about 10 times faster than 4G
The mass adoption of 5G will be pushed by the easing of geopolitical challenges
Backed by the mass adoption of 5G and the increase in the sale of inexpensive smartphones, India’s 5G smartphone exports are expected to exceed that of 4G shipments by the end of 2023, according to a report from Counterpoint Research.
Despite a yearly decline forecasted for smartphone shipments this year due to component supply issues and macroeconomic factors, smartphone demand in 2023 will be pushed by the proliferation of 5G. Additionally, the share of 5G smartphones priced below US$ 250 is expected to reach 30% in 2023 from 4% in 2022.
According to the report, exports of 5G smartphones will cross the 100-million mark in the second quarter of 2023 and surpass 4G smartphone shipments by the end of next year. The mass adoption of 5G will be pushed by the easing of geopolitical challenges by the end of 2023. The Indian government is also pushing smartphone manufacturers to develop and roll out software updates to support 5G in the country.
The telecom sector has been receiving a lot of support from the government, in the form of Product Linked Incentives to boost domestic manufacturing. As a result, technology giant Apple is estimated to double its iPhone shipments next year.