Senior Analysis Analyst at Counterpoint Analysis, Prachir Singh, remarked on the general market dynamics, noting that 5G handset shipments have been persistently rising. He highlighted that the rise in availability of budget-friendly 5G handsets has led to important progress in rising markets.
In keeping with Singh, India has develop into the second-largest 5G handset market, surpassing the US throughout the first half of the yr. “The robust shipments from Xiaomi, vivo, Samsung and different manufacturers within the funds section had been the principle motive for this pattern. Different rising markets additionally witnessed excessive progress in 5G handsets. Customers in rising markets are taking a look at 5G handsets as an improve to their gadgets, even within the lower cost segments,” defined Singh.
“The Caribbean and Latin America (CALA) area was the fastest-growing area, registering 63% YoY progress, pushed by excessive progress in key international locations like Mexico and Brazil. The CALA area accounted for 14% of worldwide web provides regardless of having a 6% 5G cargo share in H1 2024. Asia Pacific accounted for 63% of the general international web provides and commanded a 58% 5G cargo share. In Europe and the Center East and Africa (MEA) areas additionally, 5G handset shipments witnessed double-digit progress,” he added.
Apple led international 5G handset shipments, capturing over 25% of the market share, attributable to robust gross sales of the iPhone 15 and 14 collection. Samsung was the second-largest participant with greater than 21% of the market, pushed by its Galaxy A and S24 collection. Each Apple and Samsung secured 5 positions every within the top-10 listing of 5G fashions for the primary half of 2024, with Apple dominating the highest 4 spots.
Xiaomi ranked third, primarily attributable to important progress in India, the place it noticed triple-digit will increase, and double-digit progress within the Center East, Europe, and China. vivo additionally skilled notable progress, pushed by robust performances in India, China, and different rising Asian markets. Among the many high 10 manufacturers, Motorola achieved the quickest progress, with notable advances within the CALA area, India, MEA, and North America.
Commenting on the near-term outlook for 5G shipments, Analysis Director, Tarun Pathak, indicated that, “5G handset contribution to the general handset market was over 54% in H1 2024, crossing 50% for the primary time. Because the democratization of 5G handsets will increase with rising 5G penetration in lower cost segments in addition to rising growth of 5G networks, this pattern will additional develop. The continued international premiumization pattern will additional gas this progress. In keeping with our market outlook, [the] 5G share will cross 57% in 2024 and 65% in 2025.”