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India's wearable market grows 53% in 1st half of 2023: Report - Vimarsana News

India's wearable market grows 53% in 1st half of 2023: Report

New Delhi: India's wearable marker registered a growth of 53.3 per cent (year-over-over) in the first half of 2023 (1H23), shipping 57.8 million units, a

Source: siasat.com
India's wearable market grows 53% in 1st half of 2023: Report | India's wearable market grows 53 per cent in 1st half of 2023: Report - Vimarsana News

India's wearable market grows 53% in 1st half of 2023: Report | India's wearable market grows 53 per cent in 1st half of 2023: Report

According to the International Data Corporation (IDC), brands launched several smartwatch models in different shapes, designs, materials, finishes and with new features, resulting in 128.6% (year-over-over) growth.

India wearables market shipments rise 53.3% to 57.8 million units in H1 2023: IDC, ET Retail - Vimarsana News

India wearables market shipments rise 53.3% to 57.8 million units in H1 2023: IDC, ET Retail

Upasana Joshi, Research Manager, Client Devices, IDC India, said that H1 2023 logged “hundreds of smartwatch model launches” with premium finishing, sporty appearances, rugged builds, and a variety of strap finishes.

India wearables market shipments rise 53.3% to 57.8 million units in H1 2023: IDC, ET Telecom - Vimarsana News

India wearables market shipments rise 53.3% to 57.8 million units in H1 2023: IDC, ET Telecom

Upasana Joshi, Research Manager, Client Devices, IDC India, said that H1 2023 logged “hundreds of smartwatch model launches” with premium finishing, sporty appearances, rugged builds, and a variety of strap finishes.

India wearables market shipments up 53% in 1H: IDC - Vimarsana News

India wearables market shipments up 53% in 1H: IDC

The Indian wearables market shipped 57.8 million units in the first half of 2023, achieving a strong 53.3% on-year growth with smartwatches leading the charge with 128.6% on-year growth, according to a new report. The share of smartwatches in the wearables segment reached 40.0%, up from 26.8% a year ago, while the earwear category grew 27.3% in 1H23, as per IDC India.