Report: India now world's 2nd largest 5G mobile market

India has overtaken the US to become the world's second-biggest 5G handset market for the first time, behind China, a report has mentioned.

Global 5G handset shipments grew 20 per cent (year-on-year) in the first half of 2024, according to the Counterpoint Research. Apple led the 5G handset shipments, accounting for more than 25 per cent share.

Apple led the 5G handset shipments globally, accounting for more than 25 per cent share, driven by strong shipments of the iPhone 15 series and 14 series, reported sources.

5G handset shipments have been growing steadily and with the increased availability of 5G handsets in the budget segment, the emerging markets have witnessed high growth in this segment.

Samsung followed in the second position, capturing more than 21 per cent share, driven by the Galaxy A series and S24 series. Apple and Samsung took five spots each in the top-10 list for 5G models in the first half of 2024, with Apple taking the top four spots.

Other emerging markets also witnessed high growth in 5G handsets. Consumers in emerging markets are looking at 5G handsets as an upgrade to their devices, even in the lower price segments.

Asia-Pacific accounted for 63 per cent of the overall global net adds and commanded a 58 per cent 5G shipment share. In Europe and the Middle East and Africa (MEA) regions also, 5G handset shipments witnessed double-digit growth.