India is anticipated to experience significant growth in 5G smartphone shipments during the festive season, with an estimated 70-75% annual increase, according to a report. Up until July of this year, the country had already witnessed a 65% YoY increase in 5G handset shipments. This growth was evident in both value-for-money smartphones (priced between Rs 7,000 and Rs 25,000), which saw a 61% YoY rise, and premium 5G smartphones (priced at Rs 25,000 and above), which experienced a 68% YoY increase. The market leader in 5G smartphone shipments in India was Samsung, holding a 25% market share, followed by Vivo with 14%, and OnePlus with 12%, as indicated by the data. Approximately 150 new 5G smartphone models are expected to be launched in India this year, representing a 34% increase from the previous year. While the overall Indian smartphone market contracted by 6% YoY in the second quarter of 2023, 5G smartphone shipments grew by 45% YoY.