India beats US to become world’s second-largest 5G mobile market

Our country has achieved a significant milestone by surpassing the United States to become the world’s second-largest 5G mobile market, trailing only behind China.

India beats US to become world’s second-largest 5G mobile market
India beats US to become world’s second-largest 5G mobile market

The 5G usage in India is booming, courtesy to the affordable 5G phones in the market and once-affordable 5G data packs. The 5G revolution in India today has led to the expansion of high-speed data in almost every part of the nation. This breakthrough has propelled India into one of the world’s largest 5G mobile markets, reflecting the country’s rapid growth in 5G technology and highlighting a remarkable surge in 5G handset shipments.

Our country has achieved a significant milestone by surpassing the United States to become the world’s second-largest 5G mobile market, trailing only behind China.

According to a report by Counterpoint Research, global 5G handset shipments experienced a strong 20% year-on-year growth in the first half of 2024. Apple led the charge with a commanding 25% market share, driven largely by the strong performance of its iPhone 15 and 14 series models. Samsung, holding the second position, contributed significantly with its Galaxy A series and the newly launched S24 series.

This growth in the 5G sector is credited to a combination of factors, including the increasing availability of budget-friendly 5G handsets and a higher adoption rate in emerging markets. India’s leap into the second position is largely due to impressive sales from brands like Xiaomi, Vivo, and Samsung, which have bolstered the market with affordable 5G options.

Research Director Tarun Pathak emphasises that the expansion of 5G networks and the increasing affordability of 5G devices are pivotal in this growth. As 5G penetration becomes more widespread, particularly in lower price segments, this trend is expected to continue.

The surge in 5G adoption underscores a broader global trend where emerging markets are rapidly embracing new technologies. India’s advancement in this sector not only reflects its growing technological capabilities but also highlights its competitive edge in the global tech landscape.

With IANS inputs

Get live Share Market updates, Stock Market Quotes, and the latest India News
This article was first uploaded on September six, twenty twenty-four, at thirty-nine minutes past nine in the night.
X