The Silicon Review
27 December, 2019
The Indian market for wearables grew by 30.9 percent sequentially in the second quarters of 2019
As India’s millennial base and disposable income becomes stronger, India offers great potential for the Smart Watch market which is dominated by Apple. The Indian market for wearables grew by 30.9 percent sequentially in the second quarters of 2019, reaching an all-time high of 30 lakh shipments in a single quarter. Smart Watches witnessed a 99.6 percent and 42.9 percent growth in the second quarter. Fossil returned after struggling with stock issues and became the leading wearable brand after 34 per cent category share. However, Apple remains in the lead for Smart Watch lovers all over the country.
According to Sanjay Gupta (India Head), Vice President and India Country Manager, NXP Semiconductors, “technological advancements combined with machine learning abilities, embedded Artificial Intelligence technology along with IoT can unlock a whole new world of opportunities for the Smart Watch market in 2020”.
Top 5 Smart Watches in India In 2019:
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