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According to CMR, 5G-readiness is one of the top three consumer considerations, alongside battery life and smartphone brand imagery.
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Longshoremen Newsletter No. 2 July 2021 Brands like Oppo and Realme, he said, are using 5G as an attractive selling proposition and making it affordable for Indian consumers by launching phones priced below Rs 15k. “We believe in 2021, 5G phone sales will remain sluggish with around 15-18% share but in CY2022, it will pick up significantly accounting for almost 30-32% of total sales,” the analyst added.
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TWS shipments grew by a whopping 1156.3% YoY in India in Q3 2020 Research firm, International Data Corporation (IDC), has estimated the share of 5G-enabled phones, out of total smartphone sales, will touch 20-25% this year. As Chinese smartphone brands, Oppo and Realme aggressively push their 5G portfolio in India, Canalys, in turn, estimates 5G phones will capture between 15-18% of total sales.
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The IDC gives up on long term PC growth, but declares Windows 10 the king of detachables “In India 5G is a sort of luxury feature which consumers are choosing to be future-proof,” said another analyst, who did not wish to be quoted.
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Funding of £6 million has been awarded to 20 research projects to accelerate decarbonisation of industry Competitive pricing with 4G variants is the major factor driving the popularity of 5G phones. Brands like Oppo and Realme have already launched affordable 5G smartphones at Rs 15k price points while the likes of Xiaomi, OnePlus and Apple have 5G offerings in the mid-premium and premium range above Rs 30k.
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A joint report by Realme and Counterpoint Research, said even without a commercial 5G network, India’s appetite for the fast broadband tech is growing. In the January-March quarter, share of 5G smartphone sales reached 7%, and is likely to hit 21% for the full year.
Worldwide smartphone shipments decline 2.3% YoY in Q2 2019; Samsung and HUAWEI post annual growth: IDC Indian consumers are increasingly adopting 5G smartphones even before rollout of the next-gen mobile broadband technology in the country.
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“While 4G required four years to reach annual shipment numbers exceeding 200 million units, 5G has hit the mark much quicker after just two, (which is) very impressive considering the severe difficulties experienced worldwide in 2020,” as per Realme’s report.
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