According to the latest IDC the report, wearable shipments during the January-March period in India has increased by more than 80%, on an annual basis. The total units sold for the period amounted to € 4.2 million. The wearable product category is made up of earwear, wrist bands, and watches.
The breakdown of shipments by product category, earwear at the top of the chart by 3 million units, followed by the wrist bands, which stood at 1 million euros, while the watch making industry was only 200,000 items.
|Product Category||In Q1 of 2019, shipments |
|The Q1 2019 |
|In Q1 2020, shipments |
|In Q1 of 2020 |
|The Annual Growth Rate|
|The Wrist Band||1.4||60.9%||1.0||24.2%||-28.0%|
Earwear it was, by far, the largest growing sector for the period of time estimated to be 289% annual growth in shipments and in the neighborhood of 71% of the market share of all communication. Coming in at a distant second is in the watch category, which grew by 43.4%, but it only captures 5% of the Q1 market. The wrist band shipments fell by more than 28%, while their share of the market amounted to 24.2%.
The breakdown of the market share of the brands will, ship the audio to maintain a 23.9% share of the market in the earwear sector, with a slight advantage to Samsung, who managed to 23.6%. In terms of the TWS earphone shipments, Samsung came in first place, followed by Apple.
Xiaomi has been the dominant player in the bracelet market, a 41.9% of the outstanding shares, its closest rival, US-based GOQii to electronics. In the smartwatch realm, Huami on the top of the league with a 22.4% market share, followed by Fossil fuel, with 17.9%, and Apple with 17.7%.