Wearable Device Shipments in India Grew Over 80 Percent YoY in Q1 2023: Report

Smartwatch (inclusive of basic and advanced) continues to be the fastest-growing wearable category with 10.4 million shipments.

By ANI | Updated: 10 May 2023 18:21 IST

Wearable Device Shipments in India Grew Over 80 Percent YoY in Q1 2023: Report

Photo Credit: Samsung

Smartwatch continues to be the fastest-growing wearable category in the country

Highlights

In 2023, the smartwatch market is expected to cross 50 million units
It was 30.7 million in 2022
Smartwatch market has witnessed a growth of 178.9 per cent year-on-year

Over 25 million wearable units were shipped in India in January-March 2023 quarter, registering a strong 80.9 percent year-on-year growth, according to the International Data Corporation's (IDC) India Monthly Wearable Device Tracker. However, data showed shipments remained flat quarter-on-quarter following a strong October-December 2022 quarter.

Smartwatch (inclusive of basic and advanced) continues to be the fastest-growing wearable category with 10.4 million shipments, a growth of 178.9 percent year-on-year.

"Improved supplies, leaner inventory, multiple new launches, and faster portfolio refresh are the key reasons for this healthy growth," International Data Corporation.

Apple Watch Series 9 to Feature New Processor Based on A15 Chip: Gurman

Additionally, several India-based small players further intensified the competition, and lowering the overall average selling prices also supported sales and shipments, it said.

"Moving beyond audio capabilities by incorporating health-tracking technology will be essential for sustained growth," said Vikas Sharma, Senior Market Analyst, Wearable Devices, IDC India.

International Data Corporation (IDC) is a global market intelligence and advisory services provider.

WhatsApp for Wear OS Reportedly in Testing: Check Details Here

"Brands are bringing a variety of smartwatch models with metal straps/casing, circular dials, rugged finish, and premium designs. Clubbed with advanced communication features like LTE, digital payment options, and more accurate sensors/algorithms, brands are attracting new smartwatch consumers as well as fueling refresh buying," said Upasana Joshi, Research Manager, Client Devices, IDC India.

Pebble Cosmos Bold Pro Smartwatch With 1.39-Inch Display Unveiled in India

In 2023, Joshi said the smartwatch market will cross 50 million units, up from 30.7 million in 2022.

Are affordable smartwatches worth it? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.