Wearable Devices Market in India 2019

Market Insights:
Since 2015, the sale of wearable devices in India has increased rapidly. Besides smart watches and wristbands, ear-worn devices have also become very popular in the country and have gained a considerable market share in 2019, allowing the wearable devices market to flourish. Awareness regarding fitness, technological advancements, and the availability of high-speed Internet connectivity are the major factors propelling market growth. The wearable devices market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~26.33%, and reach a sales volume of 16.22 Mn units by 2024, from 4.72 Mn in 2019.

Market Segment Analysis:
Based on product type, in 2019, the wristband segment would occupy the highest market share (~47.90%), followed by the newly emerging segment of ear-worn devices, with a market share of ~44.40%. Earlier, earwear devices were less popular. However, with the transition from wired earphones to wireless technology, Bluetooth-enabled earphones became prevalent, and the earwear segment became a significant contributor to the wearable devices market. Also, major smartphone companies discontinued providing earphones with phones as an accessory, which accelerated the growth of earwear devices further. However, the wristband segment, which still occupies a considerable market share, is witnessing saturation levels in its growth trajectory and significant decline in its demand with the growing popularity of applications that run on Android and iOS, like HealthifyMe and MyFitnessPal. These low-cost counterparts are perfect substitutes for expensive wearables, as they are programmed to perform similar kind of functions as wristbands. On the other hand, the smartwatch segment has lost its market by ~5.60% over the last three years due to the high price range of smartphones and considerably lower value proposition. Overall, the shipment volume of wearable devices has experienced a growth of around 25.53% from 2018 to 2019.

Competition Analysis:

By the end of 2018, the Chinese multinational company, Xiaomi Technology India Private Limited managed to be the leading player in the wearable devices market in India, followed by GOQii Technologies Private Limited, and Titan Company Limited. Other major players in the market are Fitbit India Private Limited, Fossil India Private Limited, and Samsung India Electronics Private Limited. Xiaomi Mi Band 3 (a fitness band launched by Xiaomi in September, 2018) was the highest-selling wearable device in India till March 2019. The upgraded version of the same fitness band, Xiaomi Mi Band 4, launched in September 2019, has already gained a considerable momentum so far.

Companies Covered
• Titan Company Limited
• Apple India Private Limited
• Fitbit India Private Limited
• Fossil India Private Limited
• Garmin India Private Limited
• Google India Private Limited
• GOQii Technologies Private Limited
• Huawei India Private Limited
• Samsung India Electronics Private Limited
• Xiaomi Technology India Private Limited

Customizations available:
With the given market data, Netscribes offers customizations according to specific needs. Write to us at info@netscribes.com


Chapter 1: Executive Summary
1.1. Executive summary

Chapter 2: Socio-economic Indicators
2.1. Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure

Chapter 4: Market Overview
4.1. India wearable devices market overview
4.1.1. Wearable devices market size and growth forecast
4.2. Potential application of wearable devices
4.3. Wearable devices usage – impact analysis

Chapter 5: Market Segmentation
5.1. India wearable devices market share based on product type (2016-2019)
• Wristband
• Smartwatch
• Earwear
• Others

Chapter 6: Market Influencers
6.1. Market drivers
6.2. Market challenges

Chapter 7: Competitive Landscape
7.1. Porter’s five forces analysis
7.2. Top wearable devices in India
7.3. Apple India Private Limited
– Company information
– Business description
– Products/services
– Key people
Note: Similar information points has been covered for all companies
7.4. Fitbit India Private Limited
7.5. Fossil India Private Limited
7.6. Garmin India Private Limited
7.7. Google India Private Limited
7.8. GOQii Technologies Private Limited
7.9. Huawei India Private Limited
7.10. Samsung India Electronics Private Limited
7.11. Titan Company Limited
7.12. Xiaomi Technology India Private Limited

Chapter 8: Recent Developments
8.1. Recent developments

Chapter 9: Appendix
9.1. Research methodology
9.2. About Netscribes
9.3. Disclaimer

Wearable Devices Market in India 2019

Wearable Devices Market in India 2019

USD 950 View Report

IoT Enabled Healthcare Equipment Global Market Opportunities And Strategies To 2023 including: Diagnostic Equipment, Implanted Devices, Wearable Devices Covering: Medtronic plc, General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Fujifilm Holdings Corporation

IoT Enabled Healthcare Equipment Global Market Opportunities And Strategies To 2023 report from The Business Research Company provides the strategists, marketers and senior management with the critical information they need

USD 4000 View Report

Global Implantable Remote Patient Monitoring Devices Market

Report Scope:This report covers a range of products. Some products are disease specific, whereas others are used across all patients and in general for health management. This study will enable

USD 5500 View Report

Global Cardiac Output Monitoring Devices Market Research Report 2020-2024

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Cardiac Output Monitoring Devices Report by Material, Application,

USD 2850 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available