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India Surpasses the US to Become the World's Second-Largest Market for 5G Smartphones

India Surpasses the US to Become the World's Second-Largest Market for 5G Smartphones
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India Surpasses the US to Become the World's Second-Largest Market for 5G Smartphones

CategoryDetails
Key DevelopmentIndia surpasses the US to become the world's second-largest 5G smartphone market.
Global 5G Market ShareChina: 32%, India: 13%, US: 10%.
Leading Global BrandsApple: >25%, Samsung: >21%.
Top 5G ModelsApple and Samsung dominate, with Apple holding the top 4 spots.
India's Growth DriversContributions from Samsung, Vivo, Xiaomi; focus on budget 5G smartphones.
Market Penetration5G smartphones currently make up 54% of the total handset market.
Future Projections5G market share expected to rise to 57% in 2024 and 65% by 2025.

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