Wearable Devices Market in India 2015

India Wearable Device Market:
Technology-enabled wearable devices are gaining momentum in India and its segment will emerge as a dominant one in the Indian consumer electronics market. Fitness monitors, smart watches, and internet-enabled eyeglasses are the various types of wearable devices available in the Indian market.

India is a growing market for wearable device products. The introduction and availability of next generation cellular networks, and their improved connectivity are factors boosting the growth of the market. Indian start-ups are introducing various innovative products like GPS-enabled smart sports shoes, and multi-function Bluetooth devices that work as camera triggers and alerts while in motion, among others. The players are also heavily focusing on developing wearable devices with advanced features and applications that provide an enhanced digital experience.

The India wearables device market has players such as Goqii, Xioami, Fitbit, Garmin, Huawei, and others. Goqii holds the largest share of the market. Some of the other players with significant market shares in the category are Xioami, Fitbit, Garmin, and Huawei.

Key growth factors:
In the last few years, Indian consumers have shown increased interest in wearable devices like smartwatches, fitness trackers, and fitness monitors, among others. People these days are more aware of the wearable devices and the applications that help in making daily life easy. Increased disposable income and awareness among Indian consumers are stimulating the growth of wearable devices market in India.
The increased availability of 4G and WiFi networks is fuelling the adoption of wearable devices across the country. India is one of the fastest growing economies that is embracing 4G networks, and this is expected to trigger the growth of wearable technology and the devices market.
 

Threats and key players:
The biggest factor deterring the growth of the wearable devices market in India is that it is too expensive. The iOS and Android applications can act as substitutes for the technology since many applications currently use smartphone sensors to track classic wearable metrics like steps taken, and heart rate, among others
Apple India Pvt. Ltd., Google India Pvt. Ltd., Intel Technology India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Nike India Pvt. Ltd., and Samsung India Electronics Pvt. Ltd., are some of the major players operating in the Indian wearable device market
 

Companies Profiled:
Intel Technology India Pvt. Ltd.
Google India Pvt. Ltd.
Apple India Pvt. Ltd.
Nike India Pvt. Ltd.
Microsoft Corporation (India) Pvt. Ltd.
Samsung India Electronics Pvt. Ltd.
Sony India Pvt. Ltd.
 

Introduction

Slide 1: Executive Summary

Macroeconomic Indicators

Slide 2: GDP at Factor Cost: Quarterly (2011-12 – 2014-15), Inflation Rate: Monthly (Dec 2014 –Apr 2015)

Slide 3: Gross Fiscal Deficit: Monthly (Feb 2014 – Jul 2014), Exchange Rate: Monthly (Dec 2014 – May 2015)

Slide 4: Lending Rate: Annual (2011-12 – 2014-15), Trade Balance: Annual (2011-12– 2014-15), FDI: Annual (2010-11 – 2013-14)

Introduction

Slide 5-9: Wearable Device Market – Overview

Market Overview

Slide 10-11: Market Overview – Global, Market Overview – India

Startups in Wearable Segment

Slide 12: Description and name of the startup companies in India

Drivers & Challenges

Slide 13: Drivers and Challenges – Summary

Slide 14-18: Drivers

Slide 19-20: Challenges

Market Trends

Slide 21-22: Key Market Trends – Wearable Devices

Competitive Landscape

Slide 23: Porter’s Five Forces Analysis

Slide 24-27: Competitive Benchmarking

Slide 28-62: Major Private Players

Market Opportunities

Slide 63-68: Opportunities in Enterprises, SMEs and other Key Industries

Strategic Recommendations

Slide 69-70: Wearable Devices – Market Potential, Sales and Distribution Channel – Opportunities, and Recommendations

Appendix

Slide 71: Key Ratios Description

Slide 72: Sources of Information



 


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  Amit

A great report! We have a plan of action ready based on insights from the research report. Due to the decisive information offered through insights, we are projecting to have a bigger reach in the next quarter.