Wearables shipments in India Jump 165%; Earwear and Watches Lead to a Record Quarter for Wearables

Growing demand for smartwatches, fitness trackers and earwears on the back of rising health aware...

Growing demand for smartwatches, fitness trackers and earwears on the back of rising health awareness, remote working and learning requirements led to record shipment of wearable devices in India during the September quarter (Q3 CY20), according to the recent data from the International Data Corporation’s (IDC) Worldwide Quarterly Wearable Device Tracker. The India wearables market posted a record quarter with 11.8 million units shipped during the period, the report said.

Read more: Huami Amazfit Ranked No. 1 by Shipments in Spain, Indonesia and India

In the last few quarters, wearable devices have become more affordable with the average selling price of watches coming down to $111 in 3Q20 compared to $175 in 3Q19. This is enticing consumers to upgrade from wristbands to watches. Similarly, the average price of true wireless stereo (TWS) has dropped by 48.6% YoY in 3Q20 to $57. TWS now contributes to 39.7% of the overall earwear category, as close to 4 million TWS devices were shipped during the quarter, recording a four-digit annual growth of 1156.3% in 3Q20, the IDC report said.

“The pandemic has created a new norm of learning and working from home. Virtual meetings, online classes, and increased time spent on entertainment have led to an intensified demand for earwear devices,” says Anisha Dumbre, Market Analyst, Client Devices, IDC India. “Vendors are capitalizing on this rising trend, addressing the growing consumer demand and launching affordable devices, making the overall earwear category more accessible”, adds Dumbre.

Product Category Highlights

Wristbands

Shipments of wristbands grew 83.3% quarter-over-quarter in 3Q20 after seeing a sequential decline in the first half of the year. However, it declined by 20.3% YoY as users started upgrading to watches. Xiaomi maintained its lead, accounting for more than half of the category shipments with a 52.4% share in the quarter. Realme stood second with a 14.6% share in the category.

Watches

Shipments of smartwatches grew by 119.9% YoY in 3Q20 with 778 thousand units shipped in the country, making it the biggest quarter since the launch of the category in India. Homegrown Indian lifestyle technology brand, Noise led the segment with a 28.5% category share in 3Q20. Realme replaced Huami for the second position with a 24.2% share of the category.

Read more: Global Medical Wearables Market Will Grow At A CAGR Of 21.4% During 2020-2027

Increased demand for wireless devices supported the earwear category to hit its all-time high shipments in the country, witnessing a 260.5% YoY growth in 3Q20. BoAt with multiple launches during the quarter, led the category with a 32.4% share, followed by Samsung that includes devices from Samsung, Infinity, Harman Kardon, and JBL with a 15.0% share. BoAt also led the overall TWS category with a 26.1% share, followed by Realme who expanded the truly wireless portfolio and secured the second position with a 15.5% market share in the TWS category.

Sam Draper
November 27, 2020

Innovation of the Month

Do you want to discover more, visit the website
Visit Website

Other news

NTU Researchers Develop Way to Detect Depression Risk Using Data from Wearables

Researchers have developed a predictive computer program that uses data from wearable technology...

Contactless Payment Systems On The Rise Amid COVID-19 Pandemic

Across the globe, as people slowly emerge from their COVID-19 quarantines, and wonder what the......

Stretchy, Electrically Conductive Material Hardens Upon Impact

A flexible, electrically conductive polymer that increases the robustness of wearable technologies.

Collaboration is King for Innovative Wearable Technologies in B2C and B2B Markets

The market for Wearable Technologies is experiencing a consistent growth pattern and...
Discover more