Press Release

India Smartwatch Market Estimated to Grow at a Substantial Rate Through 2025

Increase in health awareness and ongoing technological advancements in the field of health monitoring to propel the growth of the smartwatch market in India during forecast period

According to TechSci Research report, India Smartwatch Market By Product, By Operating System, By Application, By Price Range, By Distribution Channel, Competition, Forecast & Opportunities, 2025, India smartwatch market is projected to grow at a substantial pace during the forecast period on account of the growing awareness toward personal health and fitness along with increasing use of automotive control features in smartwatches. For instance, the key market players are focusing more on the development of app-based offerings that are compatible with the new series of smartwatches and delivering features like remote starting of cars, driver assistance, as well as smart locking and unlocking of cars, due to which the market is estimated to rev up during the forecast period. Moreover, rising use of pocket-friendly smartwatches in the country is expected to propel the growth of India smartwatch market over the coming years. The factor that might hamper the growth of India smartwatch market in upcoming years is the lack of awareness about the utility of smartwatches.

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In terms of application, the India smartwatch market is segmented into personal assistance, wellness, healthcare, sports and others. Among them, the sports segment is expected to register high growth over the next five years. This can be attributed to the need for monitoring everyday fitness activities like steps taken, distance travelled, calories burnt, among others, which can be easily tracked using a smartwatch. In addition to this, healthcare segment is also forecast to grow at a rapid CAGR in the years to come, as the consumers are very conscious about their health and are spending a lot on health monitoring gadgets having the capability to track nervous system, heart rate, emergency or inactivity alerts, and health related events.

Apple, Inc., Fitbit Inc., Samsung Electronics Co., Ltd, Sony Corporation, Fossil Group, Inc., Huawei Technologies Co., Ltd., Titan Co. Ltd., Casio India Co Pvt Ltd, Xiaomi Corporation, Nokia Corporation (Withings) and others are some of the leading players operating in India smartwatch market.

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“Ongoing technological advancements has stimulated the growth for smartwatches, because they are technical products which need constant research and development for integration of different features. Moreover, additional applications like tracking, alerts and connectivity, that are compatible with extension smartwatches, have raised the consumer interest towards such watches, which is further estimated to bolster the growth of India smartwatch market through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.

India Smartwatch Market By Product, By Operating System, By Application, By Price Range, By Distribution Channel, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of India smartwatch market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India smartwatch market.


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