In the year 2024, the Indian Wearbals Market declined by 11.3 percent. The original equipment manufacturers sent 119 million units of wearable equipment, including smartwatches, earbuds, smart rings and smart glass in the last one year. By comparison, OEMS sent 134.1 million units to Wearbals in 2023.
The Indian Wearbals Market was led by a boat in 2024, which captured the market 27.6 percent. While it leads the market in the TWS Earbuds section, it stood third in the smartwatch category.
Indian Wearbals Market in 2024: Major conclusions from IDC report
- Smartwatch shares declined by 29.4 percent In 2024, by a new report IDC They say. While OEMS sent 53.3 million units of smartwatch in 2023, only 35 million smartwatches were sent in 2024.
- The report also stated that the average selling price of Smartwatch declined in 2024. The number was $ 25.8 (about Rs 2,241.5) in 2023. It fell to $ 23.5 (about Rs 2,041.7) in 2024.
- Noise lead Market within Smartwatch categoryIts market share in 2024 increased to 22.1 percent in 2023 in 2023.
- This was followed by fire-bolt and boat at the second and third places. Both these companies saw a decline in market share in 2024.
Interesting, Earwear shipment increased by 3.8 percent In 2024. OEMS sent 83.5 million units in 2024 in 2023 as compared to 80.4 million units.
- Within the yearwear category, TWS Earbuds increased from 67.2 percent to 70.9 percent in 2023 in 2023.
- The Twis Yearbuds The segment was led by boatWhich saw an increase of 33.9 percent to 34.2 percent in 2023.
- The boat was followed by bolts and noise at the second and third places. Both these companies saw an increase in their market share.
- Coming for Smart ring, shipment Continued in this category Increase in 2024In 2023, 3.23 lakh equipment was sent in 2024 compared to 1.13 lakh equipment.
- The segment was led by Ultrahman, which captured 40.1 percent of the market. This was followed by PI, which captured 20.4 percent of the market.
- overall, boat Most of the stake in the Indian Wearbals Market captured.
- The boat was followed by noise and boult on the second and third sports. These companies captured 12.2 and 8.6 percent market share respectively.
- In addition, the report says that Shipment increased by 7.2 percent by offline channel Last year. Offline channel shipments reached 37.8 percent in 2024 as compared to 31.3 percent in 2023.
- On the other hand, the shipment by online channel declined by 19.7 percent year after 2024.
The Post Indian Wearbals Market has fallen by 11.3 percent, 2024 has a boat market share: IDC first appeared on TrakinTech News
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