India’s wearable market shrinks 11.3% in 2024: IDC report

February 14, 2025

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India’s wearable market faced its first-ever year-over-year (YoY) decline in 2024, with shipments dropping 11.3% to 119.0 million units, according to IDC. The market also contracted for the third consecutive quarter, with Q4 2024 shipments down by 8.7% to 25.9 million units.

The smartwatch segment saw a significant decline, with its share dropping from 39.8% in 2023 to 29.4% in 2024. IDC attributed this to the lack of major innovations and technological advancements, leading to muted consumer demand. The average selling price (ASP) of smartwatches…

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India’s wearable market shrinks 11.3% in 2024: IDC report

February 14, 2025

, By admin

India’s wearable market faced its first-ever year-over-year (YoY) decline in 2024, with shipments dropping 11.3% to 119.0 million units, according to IDC. The market also contracted for the third consecutive quarter, with Q4 2024 shipments down by 8.7% to 25.9 million units.

The smartwatch segment saw a significant decline, with its share dropping from 39.8% in 2023 to 29.4% in 2024. IDC attributed this to the lack of major innovations and technological advancements, leading to muted consumer demand. The average selling price (ASP) of smartwatches…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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