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

The Indian good wearables market scored an enormous 80.9% enhance in shipments in Q1 of 2023 in comparison with final yr.

According to an IDC report, greater than 25 million wearables shipped in India in the months January by March – a giant enchancment year-over-year however flat quarter-over-quarter, due to a strong Q422.

Smartwatches noticed a spike of practically 180% in shipments, with the fundamental smartwatch accounting for 98% of the entire section. Earwear additionally grew by 48.5% in comparison with final yr with TWS earbuds taking over practically 64%.

Only the wristband good wearable tanked with an almost 87% dip in shipments – down from 259 million to simply 34 million models shipped.

Per IDC’s numbers, boAt had the most important share with 25.6% after it greater than doubled shipments on a yearly foundation. Boltt is second with 12.4% of the wearables market, adopted by Noise with 11.9%, Boult Audio with 9.3%, and Oppo (together with OnePlus) with simply 4.7%.

Source