80% of new smartphones will be 5G-enabled by 2023
By MYBRANDBOOK
The India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that by the end of 2023, 75-80% of the new smartphone launches will be 5G-enabled.
He said, “India as a nation is an early adopter of 5G technology. This 5G technology has opened a vast opportunity for a new generation of telecom equipment manufacturers, application providers, and internet of things (IoT), machine-2-machine (M2M) and healthcare services, among others.”
The 5G subscriptions in India were expected to reach around 31 million by the end of 2022. The telecom service providers have launched the 5G services in select cities and plan to cover the entire nation by the end of 2023 or early 2024.
According to a report, 5G will represent around 53% of mobile subscriptions in India by 2028, with 690 million users. Even before the launch of 5G services, approximately 80-100 million 5G-compatible phones were already in the market.
On semiconductor industry, Pankaj Mohindroo said, “This is a huge opportunity for the nation. The government is very focused on setting up the entire semiconductor ecosystem in the country from semiconductor fab, compound semiconductors, discrete semiconductors, assembly, testing, marking, and packaging (ATMP) units, etc. We feel that the next focus should be ensuring skilling of the workforce for the sector and incentivising the downstream value chain in semiconductor manufacturing.”
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