India Consumer Wearables Market, India Consumer Wearables Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Is The India Wearable Market Positioned? The wearable industry in India is at a very nascent stage and has seen an explosion in terms of the sales of these devices. Rising number of smartphone users, increasing internet penetration and rise in the number of technology conscious consumers are the major drivers of growth. A lot of industries such as healthcare and entertainment have found use of this technology with their current products and services. Fitness trackers and smartwatches are very popular today as they have variety of functions and offer features to monitor vitals. As a result, many local and international companies have entered the market. The total wearables sales including wrist worn and wearables for other body parts amounted to INR ~ crores in 2020. The sales of fitness tracker dominated with a category share of ~%. The market size in terms of volume was analyzed to be ~ million in 2019 and ~million in 2020(Q1), growing at a CAGR of ~%. The industry faced declined from 2020 due to the COVID-19 impact as suppliers faced difficulty in procuring products during the first quarter of the year. In addition to this, most of the fitness centers were closed and people were required to stay at home owing to lockdown restrictions which resulted in limited physical activity. This impacted the sales of smart watches and fitness bands negatively in India. However, the outlook remains positive for the year with demand expected to rise later during the year 2021. India Wearable Market Segmentation By Type: Fitness Trackers were identified to be the largest contributor to the industry sales revenue in 2020, as they are relatively cheaper. The adoption of wrist worn fitness trackers are generally increasing due to the plethora of features offered in this product category. By Type Price Segment: Fitness Trackers within the range of ₹ 1,001- ₹ 10,000 we dominant due to their low price and high number of features along with. A lot of companies have entered this price segment reducing the prices of product in this segment further. By Region: Southern region witnessed high adoption of wearable devices making it the biggest market in the industry. Also, South India has the highest literacy rate among all other Indian regions are also up to date with the latest technological trends. North and West region also witnessed growth in sales owing to rising demand from young demographic in these regions. By Type of City: Metro region accounts for the most sales of wearables due to a large segment of technologically aware consumers in the region. In addition to this, the presence of offline and online retail is much higher in metro cities as compared to non-metro cities which positively impacted the sales of wearable in this region. By Distribution Channels: Increased internet penetration, availability of payment options, and younger demographics are paving way for online sales of wearables in India. In addition to this the discounts offered on e-retail websites attract a lot of millennial. India Fitness Tracker Market Segmentation By Type: Wrist-worn fitness trackers maintained their popularity ahead of other wearable devices in 2020 due to their low prices. Moreover, these devices are easy to carry as compared to devices such as heart patches. By Price Segment: Basic wearables between the price categories of ₹ 1000- ₹ 10,000 dominated the Indian Wearable market in 2020. In addition to the low entry price of basic wearables, consumers are now getting better value from these devices as the category now offers advanced features which were earlier available only in high end devices. By Region: Southern region witnessed high adoption of fitness trackers making it the biggest market for the Industry. This is majorly due to the presence of major multinational companies (MNCs) in the region which attracts a growing number of the country’s young population to these cities. Young population was more inclined to purchasing Fitness Trackers. By Type of City: High disposable income, technical literacy and early adoption of innovative technology are high in metro cities. As a result, majority of the revenue in India consumer wearable market is generated from metro cities as of 2020. High-value brands have higher sales in this region as customers are highly brand conscious and prefer quality over price. By Distribution Channels: The evolving consumer preferences, rise in disposable incomes, and increased usage of Smartphone have caused a growth in sales of wearables, especially via online channel. India Smartwatch Market Segmentation By Type: General purpose smartwatch lead the category for smartwatch industry. Hybrid Smartwatch did not capture much market share due to the absence of a touch screen and inability to deliver notifications and other updates to the user. Moreover, their price was same as compared to a smart watch. By Price Segment: As the awareness for the smart watches are increasing, customers are willing to pay more price for better quality products which have more as compared to a product in a basic price range. High quality smart watches are often priced at 20,000 and above and hence have more market share. By Region: Southern region witnessed high adoption of Smartwatch making it the biggest market for the Industry. This is majorly due to the fact that most of the tech savvy cities such as Chennai, Hyderabad and Bangalore have presence in the southern region. By Type of City: Majority of the revenue in India Smartwatch market was contributed by metro cities in 2020. Since the cost of most smart watches is on the higher side of the price spectrum, majority of the sales comes from metro cities as the individuals in the region having high disposable income are more as compared to the individuals in non- metro regions. By Distribution Channels: Online sales is the most preferred channel for smartwatch distribution as customers buying these product are technically more literate and prefer online channel for buying and comparing products and also to avail promotional discounts offered by the online platforms. Competition ScenaRio in India Consumer Wearable Market The wearable industry in India is highly competitive with approximately 15-20 players operating in the space. Both local & multi-national companies are operating in the market and each focuses on technology and product usability as a key parameter to distinguish themselves. The top 5 players namely Apple, Xiaomi, Samsung, Fossil and Titan account for ~% of the market on the basis of sales revenue. Most of the large companies have their production facilities located outside the country & almost every small player imports from neighboring countries. India Consumer Wearables Market Future Outlook and Projections The consumer wearables market in India is expected to grow at a CAGR of ~% on the basis of revenue over the forecast period 2020(P)-2025F. The average price of wearables in the country is expected to fall to INR ~ by 2025F. The market is expected to witness growth post COVID-19 in last quarter of 2020(P) and sales are expected to increase throughout the year. Companies are expected to focus on wider distribution network including online marketplaces & e-commerce platforms and invest in research and development to come up with innovative solutions. The forecast period is also expected to witness consolidation by collaboration & partnerships among players. Key Segments Covered:- India Consumer Wearables Market By Type Fitness Trackers Smartwatch By Price Segment Under ₹1000 ₹1000 – ₹10,000 ₹10,000 – ₹20,000 Above ₹ 20,000 By Distribution Channel Online Offline By Region North East West South By Type of City Metro Non-Metro India Smartwatch Market By Type General Purpose Smartwatch Sports Smartwatch Hybrid Smartwatch By Price Segment Under ₹1000 ₹1000 – ₹10,000 ₹10,000 – ₹20,000 Above ₹ 20,000 By Distribution Channel Online Offline By Region North East West South By Type of City Metro Non-Metro India Fitness Trackers Market:- By Type of Wearables Wrist Worn Others By Price Segment Under ₹1000 ₹1000 – ₹10,000 ₹10,000 – ₹20,000 Above ₹ 20,000 By Distribution Channel Online Offline By Region North East West South By Type of City Metro Non-Metro Companies Covered:- Xiaomi Technologies India Inc. Goqii Technologies India Inc. Samsung India Electronics Ltd. Fitbit India Apple India Titan Company India Ltd. (Fastrack) Fossil India Inc Key Target Audience:- Wearables Manufacturing Companies Wearables Importing Companies Semiconductor Manufacturing Companies E-Commerce Companies Healthcare Associations Industry Associations Regulatory Bodies Time Period Captured in the Report:- Historical Period: 2015-2020 Forecast Period: 2020-2025 For More Information on the research report, refer to below link:- India Consumer Wearables Market Related Reports:- India Audio Accessories Market Outlook to 2023 – By Type (Headphones, Earphones, Bluetooth Speaker and 2.1 Speaker), By Sales Channel (Online and Offline), and By Region (North, South East and West) Saudi Arabia Fitness Services Market Outlook to 2025- By Market Structure (Organized and Unorganized), By Revenue Stream (Membership, Personal Trainer and Supplementary Services), By Regions (Riyadh, Jeddah, Dammam, Al Khobar, Makkah and Madinah and others), By Subscription (3 months, 6 months, 1 year and others), By Gender (Male and Female), By Age (Below 18 years, 19 to 30 years, 31 to 60 years and above 60 years) and By Income Group (Below SAR 38,000, SAR 38,000 to SAR 94,000, SAR 94,000 to SAR 150,000 and above SAR 150,000) Asia Pacific Orthopedic Device Market Outlook To 2025 – By Country (China, Japan, India, Korea, RoAPAC), By Type Of Treatment (Joint, Spine, Trauma And Orthobiology And Sports Medicine); And By Type Of End User (Multispecialty And Orthopedic Specialty Hospitals) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Apple Wearables Market Share India, Consumer Wearables Industry In India, Consumer Wearables Market In India, Coronavirus Impact India Consumer Wearables Industry, Coronavirus Impact India Consumer Wearables Market, Covid-19 Impact India Consumer Wearables Industry, Covid-19 Impact India Consumer Wearables Market, East India Consumer Wearables Market, Evaluation Study India Consumer Wearables Market, Evaluation Summary Report India Consumer Wearables Market, Evaluative Survey India Consumer Wearables Market, Fitbit Consumer Wearables Market Revenue, Fitbit Wearables Production Capacity India, Fitness Trackers Market Sales Volume India, Fossil Consumer Wearables Market Sales, Goqii Wearables Market Share India, India Consumer Smartwatch Market, India Consumer Smartwatch Market Size, India Consumer Wearables Due Diligence Report, India Consumer Wearables Export, India Consumer Wearables Growth Strategy Market Report, India Consumer Wearables Import, India Consumer Wearables Industry, India Consumer Wearables Industry Research Report, India Consumer Wearables Market, India Consumer Wearables Market Analysis, India Consumer Wearables Market Competition, India Consumer Wearables Market Competition Benchmarking, India Consumer Wearables Market Evaluation Report, India Consumer Wearables Market Forecast, India Consumer Wearables Market Future outlook, India Consumer Wearables Market Growth, India Consumer Wearables Market Major Players, India Consumer Wearables Market Research Report, India Consumer Wearables Market Revenue, India Consumer Wearables Market Revenue Forecasting, India Consumer Wearables Market Shares, India Consumer Wearables Market Size, India Consumer Wearables Market Trends, India Enterprise Wearables Market, India Fitness Trackers Market Consumption, India Fitness Trackers Market Size, India General Purpose Smartwatch Market, India Hybrid Smartwatch Market, India Offline Sales Wearables Market, India Online Sales Fitness Trackers Market, India Online Sales Smartwatch Market, India Online Sales Wearables Market, India Semiconductor Manufacturing Companies, India Smartwatch Market Revenue, India Sports Smartwatch Market, India Wearables Importing Companies, India Wearables Manufacturing Companies, India Wrist Worn Wearables Market, Indian Consumer Wearables Industry, Indian Consumer Wearables Market, Industry Research Report Of India Consumer Wearables, Market Research Report Of India Consumer Wearables, Market Trends in India Smartwatch Market, Noise Wearables Market Share India, North India Consumer Wearables Market, Samsung Consumer Wearables Market Size, Samsung Wearables Production Capacity India, Smartwatch Market Sales Volume India, Social Evaluation Research India Consumer Wearables Market, South India Consumer Wearables Market, Titan Consumer Wearables Market Revenue, Titan Wearables Production Capacity India, Total Wearables Sales Volume India, Wearables Sales Volume India, West India Consumer Wearables Market, Write An Evaluation Report On India Consumer Wearables Market, Xiaomi Wearables Market Share India
