India's 5G Market Growth: A Catalyst for Global 5G Technology Surge
India's Booming 5G Market
The 5G usage in India is booming, fueled by the availability of affordable 5G handsets and competitive data plans. This revolution has transformed India into one of the world’s largest 5G mobile markets, surpassing the US to become the second-largest following China.
Key Insights from Counterpoint Research
- According to a Counterpoint Research report, global 5G handset shipments saw a robust 20% rise year-on-year in the first half of 2024.
- Apple led the market with a significant 25% share, spurred by the success of iPhone 15 and 14 series models.
- Samsung, with its Galaxy A series and S24 series, significantly contributed to India’s smartphone market expansion.
Factors Driving Growth in 5G Adoption
The growth in India’s 5G technology sector is attributed to several factors:
- Increase in availability of budget-friendly 5G devices.
- Higher adoption rate in emerging markets.
- Impressive sales from brands like Xiaomi, Vivo, and Samsung.
Research Director Tarun Pathak emphasizes that the expansion of 5G networks and the lowering costs of 5G handsets are crucial for sustained growth. As 5G penetration scales, especially in lower price segments, this upward trend is poised to continue.
A Global Perspective on 5G
The surge in 5G device adoption reflects a broader global trend where emerging markets are rapidly embracing new technologies. India’s advancements in 5G technology not only demonstrate its strengthening capabilities but also enhance its competitive stance in the global tech industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.