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India Smart Wearable Market is poised to grow at a CAGR of 23.9% by 2027. Increased consumer awareness of the need to adopt energy-efficient products, changing lifestyles, are driving consumers to spend more on utilities, fostering market expansion.
15 Φεβ 2024 · The average selling price (ASP) of overall wearables declined by 15.4% from US$25.0 to US$21.2 in 4Q23. Key highlights of 2023: • Smartwatch shipments soared by 73.7% YoY, shipping 53.4 million. Within wearables, its share jumped to 39.8% from 30.7% in 2022.
The wearable technology market in India is expected to reach a projected revenue of US$ 7,327.8 million by 2030. A compound annual growth rate of 15.3% is expected of India wearable technology market from 2024 to 2030.
The wearable technology market in India has witnessed considerable growth, with wearable devices becoming increasingly popular among consumers. These devices include smartwatches, fitness trackers, and healthcare wearables.
10 Μαΐ 2023 · INDIA, May 10, 2023 – According to the International Data Corporation’s (IDC) India Monthly Wearable Device Tracker, 25.1 million wearable units were shipped in India in 1Q23, registering a strong 80.9% YoY (year-over-year) growth but remained flat QoQ (quarter-over-quarter) following a strong 4Q22.
15 Νοε 2023 · INDIA, November 15, 2023 – According to International Data Corporation’s (IDC) India Monthly Wearable Device Tracker, India’s wearable market shipped a record 48.1 million units in 3Q23 (July-Sep), a healthy 29.2% year-over-year (YoY) growth. With this, the market has shipped 105.9 million units in the first three quarters of 2023, which ...
16 Φεβ 2024 · According to a report from IDC, the Indian wearable market recorded 134.2 million units in 2023. The average selling price of wearables dropped over 15% to $21.2. IDC also said that the Indian wearable market will see a single-digit growth in 2024.
