India shipped 25-mn units of wearables in Q1 ‘23: IDC
India shipped 25.1 million units of wearables in the first quarter of calendar 2023, registering a 80.9% year-on-year increase, but the quarter-on-quarter growth remained flat, said the International Data Corporation. Share of the smartwatches grew to 41.4% from 26.8% a year earlier while the earwear category also witnessed a strong 48.5% YoY growth, as per a wearable device tracker issued by the research firm. Additionally, a long tail of several India based small players, is further intensifying the competition, and lowering the overall ASPs to $22.7 as against $29.5 a year ago in 1Q23. “Enhancements in audio quality through ANC/ENC, and aesthetically appealing designs will be key differentiators in 2023,’‘ said Vikas Sharma, Senior Market Analyst, Wearable Devices, IDC India.
Indian Smartwatch Market Is Bigger Than Ever With Homegrown Brands At The Helm
Wearables, TWS Earphones Registered Highest Ever Shipments in Q3 2020: IDC Report
Garmin says it is witnessing 100 percent growth in wearables business in India
Discover Related
India’s annual electronics exports expected to double to $50 billion by 2030
Cheaper gadgets coming? New incentive scheme aims to lower electronics prices
Apple exported iPhones worth ₹1.5 trillion from India in FY25: Union Minister Ashwini Vaishnaw
Samsung Targets 10% Market Share In Room Air Conditioner Segment
Apple hits record Rs 20,000 cr iPhone exports in March: All you need to know
Apple, Samsung likely to boost production in India as Trump revises tariff order- All details
iPhone 17 pricing in question as tariffs hit India, Vietnam — Mark Gurman reports
Indian M&E sector grew 8.1% in 2023 to reach ₹2.32 trillion: TRAI report
Trump tariff divides India’s electronics manufacturing industry
Trump's tariffs to shake up engineering and electronic goods exports
India largest market for resources, financial contribution: HMD officials
Push for electronics production, sops for central govt staff
How can India cement its position in the global value chain?
How Indian personal care market is making even better business sense
Apple will start assembling AirPods in India starting next month
Apple's iPhone 16e outsells the SE, but may not reverse China sales slide
As imports of semiconductor chips rise, India eyes local production
AI spending in India to grow 2.2x faster than digital tech in 3 yrs
Kia records 23.8% YoY sales growth in February; 25,026 units sold
EarFun Air Pro 4 Review: Easily the most feature-rich TWS earbuds under Rs 10,000
Tablets find more takers in India than ever before
Indians to spend more on discretionary items by 2030, boosted by higher incomes
Mint Primer | The $300 billion question for India’s IT sector
Tablets are back in demand as sales soar 43% in 2024