5G smartphone shipments are up 74 percent in 2022, even as overall mobile phone shipments are down eight percent on the year, CyberMedia Research said on Tuesday.
According to the CyberMedia Research (CMR) report, Xiaomi led the overall smartphone market with a 21 percent market share, while Samsung led the shipment of 5G smartphones with a 23 percent market share.
The report says that fueled by a resilient consumer appetite to change and upgrade, the premium smartphone market continued to gain ground. In addition, the uber-premium smartphone segment (more than $1 lakh) grew a whopping more than 95 percent year on year.
The overall smartphone market continued to post a decline, driven by difficult market conditions in the second half of 2022, said CMR, Analyst- Industry Intelligence Group, Menka Kumari.
CMR estimates that about $20 billion (about $1.65 lakh crore) in 5G smartphones shipped in 2022.
“India’s smartphone shipments were down eight percent year-on-year. On a quarterly basis, smartphone shipments were down 28 percent in Q4 2022,” the report says.
The overall mobile market in India declined 17 percent year-on-year in 2022. Shipments in the affordable, sub- $7,000 each, was down 55 percent year-over-year due to supply constraints and difficult economic conditions. There was a shipment decline of eight percent year-over-year $7000-25,000 price segment.
However, the segment of premium smartphones priced in the range of $25,000- 50,000 each and the super premium smartphone segment priced in the 50,000- $1,00,000 saw shipments increase by 12 percent and 41 percent year-over-year, respectively.
“Xiaomi (21 percent), Samsung (19 percent) and Vivo (14 percent) captured the top three spots on the smartphone leaderboard in 2022, followed by Realme (14 percent) and Oppo (10 percent). cent),” the report added.
Xiaomi’s Redmi 9A Sport, Redmi 10 (2022) and Redmi 10A were the company’s top three models, while its sub-brand Poco witnessed a 37 percent year-on-year decline in its shipments in 2022.
“Samsung was the leader in premium ( $25,000-50,000) smartphone segment with 31 percent share. Samsung’s 5G smartphone shipments crossed the Rs 1 crore mark and recorded a remarkable 142 percent year-on-year growth,” the report says.
According to CMR estimates, the overall feature phone segment declined 34% year-on-year, driven by weaker consumer confidence due to high device prices.