5G Smartphone shipments in India grew 74 percent YoY in CY2022: Report

India’s 5G smartphone momentum continued through CY2022. The 5G smartphone shipment share increased to 31 percent, with 5G shipments growing 74 percent YoY in 2022. Around $20 billion value of 5G Smartphones were shipped in 2022. Samsung led the 5G Smartphone segment with 23 percent market share, followed by OnePlus with 15 percent market share, a new report revealed on Tuesday. Also Read: Jio Makes Gemini 3 AI Free For All Unlimited 5G Users Across India: Here’s How To Claim

According to CyberMedia Research (CMR)’s India Mobile Handset Market Review Report for CY2022, the uber-premium smartphone segment (>Rs 1,00,000) grew a whopping >95 percent YoY. All said, the overall smartphone market continued to post a decline, driven by the tough market conditions in H2 2022.” The overall mobile market in India declined 17 percent YoY in 2022. Also Read: Realme New P-Series Phone Teaser Drops In India: Could It Be The Realme P4x 5G?

Commenting on the overall market conditions in CY2022, Menka Kumari, Analyst- Industry Intelligence Group, CyberMedia Research (CMR), “5G smartphone shipments posted a strong growth in the year. Driven by a resilient consumer appetite to switch and upgrade, the premium smartphone market continued to gain traction. Also Read: OnePlus 13R Price Faces Major Drop Just Ahead Of OnePlus 15 Launch In India! Get At Just Rs 35,817

The India smartphone shipments declined 8 percent YoY. On a QoQ basis, the smartphone shipments declined by 28 percent in Q4 2022. Supply constraints as well as challenging economic conditions contributed to a 55 percent YoY decline in the affordable smartphone segment (Sub Rs 7000) and 8 percent YoY decline in the Value-for-money smartphone segment (Rs 7000-Rs 25,000).

However, the Premium smartphone segment (Rs 25,000-Rs 50,000) and the Super-premium smartphone segment (Rs 50,000-Rs 1,00,000) saw shipments increasing by 12 percent and 41 percent YoY respectively. This contributed to an increase in the overall ASP.

Xiaomi (21 percent), Samsung (19 percent) and Vivo (14 percent) captured the top three spots in the Smartphone leaderboard in 2022 followed by Realme (14 percent) and Oppo (10 percent).

The overall feature phone segment declined by 34 percent YoY, driven by the weak consumer sentiment, owing to high device prices.