Friday, 12 May 2023

IDC: India's wearables market grows 80.9% in Q1

The Indian smart wearables market scored a huge 80.9% increase in shipments in Q1 of 2023 compared to last year. According to an IDC report, more than 25 million wearables shipped in India in the months January through March - a big improvement year-over-year but flat quarter-over-quarter, thanks to a solid Q422. Smartwatches saw a spike of nearly 180% in shipments, with the basic smartwatch accounting for 98% of the total segment. Earwear also grew by 48.5% compared to last year with TWS earbuds taking up nearly 64%. Only the wristband smart wearable tanked with a nearly 87% dip...
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