Indian Wearable Market Grew 144.3 % YoY in 2020, With Earwear Taking 83.6 % Market Share: IDC
Indian wearable market grew 144.3 % year-over-year (YoY) in 2020 making India the one nation within the high 20 to have triple digit progress, in keeping with market analysis agency Worldwide Knowledge Company (IDC). The corporate tracks each smartwatches and wristbands, in addition to earphones on this class. The info exhibits that in 2020, Actually Wi-fi Stereo (TWS) earphones noticed a tenfold enhance with shipments totaling 11.3 million models in 2020. Customers additionally upgraded from wristbands to watches, resulting in report annual shipments within the class.
India was among the many high 20 international locations to see probably the most progress within the wearable phase in 2020. It was the one nation that had triple digit progress of 144.3 % in comparison with the earlier yr in keeping with information by IDC. There have been 36.4 million wearable unit shipments by the tip of 2020. These embrace wristbands, watches (fundamental
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