India Set to Witness Exponential Growth in 5G Subscriptions: Ericsson Mobility Report

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Ericsson's Mobility Report reveals a robust uptake of 5G subscriptions in India , projecting remarkable growth in the coming years. The report anticipates that 5G subscriptions in India will surge to 130 million by the end of 2023, witnessing a substantial increase to 860 million by 2029.

The November 2023 edition of the Ericsson Mobility Report underlines the resilience of 5G adoption globally, with the estimate that nearly one-in-five mobile subscriptions worldwide will be 5G by the close of 2023. Despite ongoing economic challenges and geopolitical unrest in certain regions, the report predicts 610 million new 5G subscriptions in 2023, marking a 63 percent increase from the previous year and surpassing initial forecasts by 100 million.

India stands out prominently in the 5G landscape, with a forecasted penetration of over 11 percent by the end of 2023, just fourteen months post its commercial launch. Looking ahead, Ericsson projects a staggering 330 percent increase in global 5G subscriptions from 1.6 billion at the end of 2023 to 5.3 billion by 2029.

Key Insights for India:

5G Growth Trajectory: Following the launch of 5G services in October 2022, India is experiencing substantial 5G network deployments. Ericsson predicts 5G subscriptions in India to reach 860 million by 2029, constituting 68 percent of mobile subscriptions in the region.

4G Dominance: While 5G gains traction, 4G continues to be the dominant subscription type, fueling connectivity and data growth. However, as subscribers migrate to 5G, 4G subscriptions are forecasted to decline from 870 million in 2023 to 390 million by 2029.

Data Traffic Surge: Average data traffic per smartphone in India is the highest globally and is expected to grow from 31 GB per month in 2023 to around 75 GB per month in 2029, reflecting a Compound Annual Growth Rate (CAGR) of 16 percent.

Smartphone Subscription Surge: Smartphone subscriptions in India as a percentage of total mobile subscriptions are projected to grow from 82 percent in 2023 to 93 percent in 2029.

Nitin Bansal, Head of Ericsson India, emphasized the company's commitment to supporting India's 5G journey, citing their global deployment experience and technology leadership. The report underscores the pivotal role of mobile networks in driving social and economic inclusion in India, aligning with the government's vision for a digitally empowered society.

The Ericsson Mobility Report also explores the potential of wireless connectivity for the manufacturing industry, positioning 5G as a key determinant of production output and enabler of the agility required to support rapid changes and resource reallocation.

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