India wearable market grows 94% with 23.8 mn unit shipments in Q3


Despite the logistic challenges and increase in freight costs, India’s wearable market grew by 93.8 per cent year-over-year (YoY) in the third quarter (Q3) this year with shipping 23.8 million units, an IDC report said on Tuesday.

Shipments in September surpassed 10 million, growing two-fold from the same month last year, resulting in a record quarter for wearable devices in India. Vendors remained aggressive in their shipments and were able to manage the inventory for the upcoming month-long festival sales.

“The proliferation of new entrants in the mass market segment has increased competition, putting a lot of pressure on brands to differentiate in a market that is getting inundated with lookalike products,” said Jaipal Singh, Research Manager, Client Devices, IDC India.

Watches continued to be the fastest-growing category with 4.3 million shipments in 3Q21, while wristbands saw a seventh consecutive quarter of annual decline.

Overall wristwear (inclusive of watches and wristbands) crossed the 5 million shipments mark in a single quarter.

Truly Wireless (TWS) devices reached a 39.5 per cent share of earwear in the third quarter, but the market remains dominated by over-the-ear and tethered devices, the report noted.

India-based brands captured over two-thirds of the watch market with their aggressive offerings and marketing spends on digital platforms.

Noise maintained its lead for the sixth straight quarter with a 26 per cent market share, followed by BoAt with a 23.1 per cent market share.

Fire-Boltt replaced Huami for the third position as its share jumped to 15.3 per cent from 5.5 per cent from a quarter before.

Realme entered the fourth position backed by its newly-launched watches, and Amazfit settled at the fifth position.

“While seasonality made 3Q21 the biggest quarter for wearables, the influx of devices at the entry-level was the key growth factor. Throughout the quarter, Indian vendors were aggressive with their launches and channel expansion,” said Anisha Dumbre, Market Analyst, Client Devices, IDC India.

Leave a Reply

Share post:




More like this

Telugu Indian Idol Season 2 Winner Sowjanya | Allu Arjun | Thaman | Aha | DSP | Telugu Bullet

Telugu Indian Idol Season 2 Winner Sowjanya | Allu Arjun | Thaman | Aha | DSP | Telugu Bullet #teluguindianidol2 #Sowjanya #AlluArjun #aha #tollywood #telugubullet

‘వీరమల్లు’ నుంచి అప్ డేట్ #hariharaveeramallu #pawankalyan #tollywood #youtubeshorts #shortvideo

‘వీరమల్లు’ నుంచి అప్ డేట్ #hariharaveeramallu #pawankalyan #tollywood #youtubeshorts #shortvideo

ఘ‌నంగా శ‌ర్వానంద్ పెళ్లి #sharwanand #ramcharan #wedding #tollywood #ytshortsviral #shorts #viral

ఘ‌నంగా శ‌ర్వానంద్ పెళ్లి #sharwanand #ramcharan #wedding #tollywood #ytshortsviral #shorts #viral

ఎన్టీఆర్ తో ప్రియాంక చోప్రా ? #ntr #priyankachopra #prashanthneel #shortvideo #shorts #short

ఎన్టీఆర్ తో ప్రియాంక చోప్రా ? #ntr #priyankachopra #prashanthneel #shortvideo #shorts #short
%d bloggers like this: