5G smartphone shipments surge by 74%, total mobile freight down by 8% in 2022
- IBJ Bureau
- Feb 08, 2023
Shipments of 5G smartphones spurted by 74 per cent in 2022 even as overall mobile phone shipments declined by 8 per cent in the year, CyberMedia Research (CMR) said on Tuesday. According to the CMR report, Xiaomi led the overall smartphone market with a 21 per cent market share, while Samsung led in the shipment of 5G smartphones with a 23 per cent market share.
Driven by a resilient consumer appetite to switch and upgrade, the premium smartphone market continued to gain traction, the report said.
In fact, the uber-premium smartphone segment (over Rs 1 lakh) grew by a whopping over 95 per cent year over year (YoY).
The overall smartphone market continued to post a decline, driven by the tough market conditions in the second half of 2022, CMR Analyst (Industry Intelligence Group) Menka Kumari said.
CMR estimated that around $20 billion (about Rs 1.65 lakh crore) worth of 5G Smartphones were shipped in 2022.
“The India smartphone shipments declined 8 per cent YoY. On a quarter-over-quarter basis, smartphone shipments declined by 28 per cent in the fourth quarter 2022,” the report said.
The overall mobile market in India declined by 17 per cent YoY in 2022. The shipments in the affordable segment, sub-Rs 7,000 apiece, declined by 55 per cent on a YoY basis due to supply constraints as well as challenging economic conditions.