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Wearable Devices Market in India 2019

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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

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Table Of Content

Scope

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

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Products and Companies

Products

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Companies

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

Titan Company Limited

Xiaomi Technology India Private Limited

Company Profile

Company Profile Title

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

READ MORE

Scope

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

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

India Wearable Devices Market, India Wearable Devices market segments, Type-wise segmentation of the India Wearable Devices market, Wearable Devices Market research report, Wearable Devices market, India Wearable Devices Market research report, End-user wise segmentation of the India Wearable Devices Market, India Wearable Devices Market Size, India Wearable Devices Market forecast, Wearable Devices Market forecast, India Wearable Devices Market growth, Wearable Devices Market growth, Region-wise Segmentation of the India Wearable Devices Market, India Wearable Devices Market Revenue, Region-wise Segmentation of India Wearable Devices Market, India Wearable Devices industry analysis, Wearable Devices industry analysis, India Wearable Devices Market statistics, India Wearable Devices Market segmentation, key trends in the India Wearable Devices market, India Wearable Devices market major companies, Company profiles of Wearable Devices companies in India, Major companies operating in the India Wearable Devices Market,India Wearable Devices Market, Wearable Devices Market, Wearable Devices Market Research, India Wearable Devices Market Size


Companies

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

Titan Company Limited

Xiaomi Technology India Private Limited