5G smartphone shipments increased by 74 percent in 2022, while global smartphone shipments decreased by eight percent, according to CyberMedia Research.

According to a CyberMedia Research (CMR) survey, Xiaomi topped the total smartphone market with a 21 percent market share, while Samsung led in 5G smartphone shipment with a 23 percent market share.

The premium smartphone industry continued to gain pace, according to the research, due to persistent consumer willingness to switch and upgrade.

In fact, the ultra-premium smartphone segment (above Rs 1 lakh) increased by more than 95 percent year on year.

Menka Kumari, CMR, Analyst- Industry Intelligence Group, stated that the entire smartphone industry has continued to drop, owing to difficult market conditions in the second half of 2022.

CMR forecasts that approximately $ 20 billion (approximately Rs 1.65 lakh crore) in 5G Smartphones will be supplied in 2022.

"Smartphone shipments in India fell eight percent year on year. In the fourth quarter of 2022, smartphone shipments fell by 28 percent from the previous quarter "According to the report.

In 2022, the whole mobile market in India will have decreased by 17 percent year on year. Shipments in the cheap sector (under Rs 7,000) fell by 55 percent year on year due to supply shortages and adverse economic conditions.

Shipments in the Rs 7000-25,000 price range fell by eight percent year on year.

However, shipments of premium smartphones priced between Rs 25,000 and Rs 50,000 and super-premium smartphones priced between Rs 50,000 and Rs 1,00,000 increased by 12 percent and 41 percent, respectively, year on year.

"Xiaomi (21 percent), Samsung (19 percent), and Vivo (14 percent)," according to the report, "took the top three spots in the Smartphone leaderboard in 2022, followed by Realme (14 percent), and Oppo (10 percent).

Xiaomi's top three models were the Redmi 9A Sport, Redmi 10(2022), and Redmi 10A, but its sub-brand Poco saw a 37 percent YoY fall in shipments in 2022.

Samsung has a 31 percent market share in the premium (Rs 25,000-50,000) smartphone sector. Samsung's 5G Smartphone shipments surpassed one million and increased by 142 percent year on year. According to CMR estimates, the whole feature phone segment fell by 34 percent year on year, owing to low consumer sentiment and expensive device prices.