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India’s 5G smartphone cargo share grew to 57 per cent within the third quarter (Q3) of this 12 months, marking a 78 per cent (year-on-year) progress, a brand new report has stated. In line with the CyberMedia Analysis (CMR), Samsung led the 5G smartphone market within the nation with a 23 per cent market share, adopted by Vivo at 16 per cent. Value $11 billion 5G smartphones have been shipped in Q3 2023.
“The 5G smartphone phase continued to headline the market progress, with 44 new launches, and a 57 per cent market share. Foldable smartphones skilled outstanding progress, doubling year-on-year. Moreover, 4G function telephones confirmed great progress, pushed by aspirational India and the demand for companion gadgets in City India,” stated Shipra Sinha, Analyst- Trade Intelligence Group, CMR.
Whereas India’s smartphone market remained flat year-on-year, the general cell market noticed a slight one per cent decline, the report stated.
The worth-for-money smartphone phase (Rs 7,000-25,000) constituted the most important share at 69 per cent. Regardless of this, its shipments decreased by 11 per cent (year-on-year).
The reasonably priced smartphone phase ( lower than Rs 7,000) skilled substantial progress, surging by 78 per cent (year-on-year).
The premium phase (Rs 25,000-50,000) witnessed an 11 per cent (year-on-year) progress. Moreover, the super-premium smartphone phase (Rs 50,000- 1,00,000) and the uber premium phase ( better than Rs 1,00,000) skilled excellent year-on-year progress charges of 87 per cent and 136 per cent, respectively, in line with the report.
Apple captured a six per cent market share within the smartphone market in Q3 2023. Engaging offers on its earlier technology telephones resulted in a 44 per cent (year-on-year) progress in its shipments.
The 4G function telephone shipments skilled greater than 300 per cent (year-on-year) progress in the course of the quarter. This progress was pushed considerably by JioBharat K1 Karbonn and JioBharat V2, collectively capturing 63 per cent market share.
The general function telephone market noticed a decline of six per cent (year-on-year). Notably, 2G function telephone shipments decreased by 27 per cent (year-on-year), the report confirmed.
Key Smartphone Market Highlights in Q3 2023
- Samsung dominated the smartphone market with a 17 per cent share, main each the Premium (INR 25,000-50,000) and Uber-Premium (>INR 1,00,000) segments with 28 per cent and 68 per cent shares respectively.
- Xiaomi secured the second spot within the smartphone market with a 17 per cent share, that includes high fashions like Redmi
- 12, Redmi A2, and Redmi 12C. Moreover, Xiaomi’s sub-brand, Poco, skilled a formidable 74 per cent YoY progress in shipments.
- Vivo was positioned third with a 15 per cent market share. Vivo secured the second spot in 5G smartphone shipments, holding a 16 per cent share, pushed by fashions like vivo T2x, vivo T1, and vivo T1 Professional.
- Realme held the fourth place with a 14 per cent market share, experiencing a modest 1 per cent YoY progress in shipments. The highest fashions shipped by Realme have been Realme C53, Realme 11x 5G, and Realme C55.
- OPPO was positioned fifth with a market share of 10 per cent. Its high three shipped fashions have been the OPPO F23, OPPO A16k and OPPO A16e.
- OnePlus recorded a notable 13 per cent YoY progress in its smartphone shipments. OnePlus Nord CE 3 Lite, OnePlus Nord
- CE 2 Lite and OnePlus 11 have been the highest 3 fashions shipped.
- Apple captured 6 per cent market share within the smartphone market in Q3 2023. Engaging offers on its previousgeneration telephones resulted in a 44 per cent YoY progress in Apple’s shipments.
- Transsion Group manufacturers, together with itel, Infinix, and Tecno, noticed a 12 per cent YoY enhance in shipments (mixed for smartphones and have telephones). Tecno and Infinix recorded particular person YoY progress charges of 15 per cent and 6 per cent respectively in market shipments.
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