Indian setting records of 23.8 Million, nearly double in Q3 in wearable market

by Ijlala Maqbool

Indian Waeralbes market is flourishing out, even after the increasing shipping coasts and havocs of lockdown during the pandemic. The shipment for July to September interval got practically doubled, nearly 93%, compared to other 12 months.

This whole market has risen because of three main classes of wearables. Earwear took the introductory class with shipments worth 18.7 Million, with 77.9% year-over-year progress, containing wi-fi over-ear headphones, neckbones, and TWs buds headsets.

India Top 5 Earwear Firms, Market Share, Year-over-Year Development 2021 Q3 (Deliveries remain in Hundreds Of Devices)

Business 3Q21 Market Share 2Q21 Market Share Year-over-Year system adjustment (3Q21 vs. 3Q20)
1. Envision Advertising And Marketing (Watercraft) 480% 455% 1767%
2. Realme 8.5% 5.5% 488%
3. OnePlus 7.2% 8.5% 4.6%
4. Samsung 5.3% 7.9% -336%
5. Palred (Patron) 3.7% 5.1% 819%
Others 273% 275% 684%
Complete 100% 100% 779%

The other category was smartwatches, with a net worth of 456.3% compared to 12 months.

India Prime Three Wrist Band Firms, Market Share, Yr-over-Yr Progress 2021Q3 (Shipments are in 1000’s of Models)

Firm 3Q21 Market Share 2Q21 Market Share Yr-over-Yr unit change (3Q21 vs. 3Q20)
1. Xiaomi 49.8% 38.9% -27.2%
2. Titan 16.7% 21.3% 37.7%
3. OnePlus 10.8% 21.7%
Others 22.7% 18.1% -54.9%

India Wearables Product Class Market Share, Yr-over-Yr Progress 2021Q3 (Shipments are in 1000’s of Models)

Product Class 3Q21 Shipments 3Q20 Shipments 3Q19 Shipments Yr-over-Yr Unit Change (3Q21 vs. 3Q20)
1. Earwear 18,738 10,532 2,787 77.9%
2. Wrist Band 738 966 1,206 -23.6%
3. Watch 4,308 774 354 456.3%
Complete 23,783 12,272 4,447 93.8%

Resource: IDC’s India Regular monthly Wearable Tool Tracker, November 2021

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