Indian Economy News

India set to have 70-80 million 5G phones by the end of 2022

  • IBEF
  • June 23, 2022

According to a report by Counterpoint Research, India is expected to have 70-80 million 5G smartphones by the end of 2022 as brands double down on the next-gen technology with spectrum auctions around the corner.

The brands are aiming to push more smartphones in the Rs. 10,000–15,000 (US$ 127.69-191.54) bracket by the end of 2022 to appeal to a bigger mass of consumers and boost smartphone adoption.

According to Counterpoint data, smartphones supporting 5G priced under Rs. 15,000 (US$ 191.54) had a share of 6% till April, 2022. The shift towards 5G support is also a result of chipset manufacturers allocating more capacity to 5G chipsets, with 4G chips being in short supply.

India is set to auction the 5G spectrum starting late July in 2022, with services expected to start rolling out by end of 2022.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.