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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. Festive season sales and heavy discounts led to a 38.7% drop in ASPs from US$42.5 to ...
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.
The India wearable technology market generated a revenue of USD 2,705.5 million in 2023 and is expected to reach USD 7,327.8 million by 2030. The India market is expected to grow at a CAGR of 15.3% from 2024 to 2030. In terms of segment, wrist-wear was the largest revenue generating product in 2023.
10 Μαΐ 2023 · Improved supplies, leaner inventory, multiple new launches, and faster portfolio refresh are the key reasons for this healthy growth. Additionally, a long tail of several India based small players (collectively holding > 15% share), is further intensifying the competition, and lowering the overall ASPs to US$22.7 (vs US$29.5 a year ago) in 1Q23.
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.
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 ...
