New Delhi: For the first time, India has surpassed the US to become the second-largest 5G handset market globally, according to a recent report. In the first half of 2024, global 5G handset shipments grew by 20 percent year-on-year, driven by strong sales in emerging markets. India’s surge in 5G handset sales was primarily fueled by brands like Xiaomi, Vivo, and Samsung, which led in the budget segment.
Apple maintained its leadership in global 5G handset shipments, capturing over 25 percent of the market share. This was due to robust sales of the iPhone 15 and iPhone 14 series, as per reports.Samsung came in second, securing more than 21 percent of the market, with the Galaxy A series and S24 series driving sales. Both Apple and Samsung dominated the top 10 list of 5G models in the first half of 2024, with Apple holding the top four spots.
Prachir Singh, a senior analyst, stated, “India’s rise to the second-largest 5G handset market was bolstered by strong shipments from brands like Xiaomi, Vivo, and Samsung in the budget segment.” Asia-Pacific, led by India and China, accounted for 63 percent of global net 5G additions and commanded 58 percent of the global 5G shipment share. Europe, the Middle East, and Africa also saw double-digit growth in 5G handset shipments. Research Director Tarun Pathak noted that as 5G penetration continues to grow, particularly in lower price segments, this trend is expected to accelerate in emerging markets.
