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September 7, 2016

Indian wearable market shipped 567,000 devices in q2, registering 42% growth

Wearable market in India grows by 41.9 percent in Q2, 2016: IDC

The wearable devices in Indian market is turning out to the latest tech device that has started to show traction, with wearable's shipments touched 557,000, with a 42% growth rate in the quarter 2016 q2. according to IDC. Out of the total device sold, 16% were sold by  GOQi, edging out Xiaomi which ranked second with 10% device share, followed by with Fitbit's 6.7%.

According to IDC’s “Worldwide Quarterly Wearable Device Tracker” report, the total shipment in the second quarter stood at over 567,000 units of which the basic wearables, defined as those which cannot run third-party applications, contributed nearly 94 percent. There is even a new entrant to the top 5 list in Indian wearable market. Garmin made an entry to the top five with a 1.4 percent share and Huawei stood fifth with 1.0 percent market share. Domestic consumer electronics company Intex held a significant chunk in the “others” category and was one of the major drivers of the market,