According to a report released on Thursday by Counterpoint, a market research company, the widespread adoption of high-speed networks and rising sales of low-cost handsets are expected to result in 5G smartphone shipments surpassing 4G shipments by the end of the following year.
Counterpoint added that smartphone demand will continue to be driven by 5G in 2023, despite the fact that component supply issues and macroeconomic factors are predicted to cause annual declines in smartphone shipments in India.
It is anticipated that India’s 5G data speeds will be approximately ten times faster than his 4G speeds, and the network is thought to be necessary for new technologies like self-driving cars and artificial intelligence.
Counterpoint predicts that 5G handsets’ share of the low-end market (under Rs 20,000 or $241.55) will rise from 4% this year to 30% in 2023.
After proving to be the highest bidder in his $19 billion 5G spectrum auction in India in August, India’s telecom giant Reliance has joined forces with Alphabet Inc.’s Google. Price introduces his 5G phone. Counterpoint estimates that cumulative shipments of 5G smartphones will surpass 100 million units in the second quarter of 2023, surpassing shipments of 4G smartphones by the end of the following year.
The analytics company anticipates that constraints like a lack of component supply, inflation, geopolitical disputes, and the limited availability of 5G networks will ease by the end of 2023, allowing for widespread 5G adoption. Meanwhile, the Indian government is giving software upgrades to Apple, Samsung, and other handset manufacturers to support 5G in the country because many models are not ready for the high-speed service that was just launched. According to Reuters, they are exerting pressure on them to do so.