News > India 5G phone market to expand over 70 per cent by end of 2023: Report

India 5G phone market to expand over 70 per cent by end of 2023: Report

17/01/2023 10:36 PM | Click to read full article

The 5G smartphone market will expand by >70 per cent YoY by the end of CY2023. The Indian smartphone market recorded more than 13X growth in its 5G shipments from the year of its initial introduction in 2020. According to Menka Kumari, Analyst- Industry Intelligence Group (IIG), CyberMedia Research (CMR), "From a mere 4 per cent in CY2020 to a potential >45 per cent market share in CY2023, 5G smartphones have definitely come a long way."

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