India Wearable Smart Devices By Type (Fitness Tracker, Smartwatch) Market Size, Share, Analysis Forecast & Opportunities, 2018-2023
India is world’s youngest nation with nearly 60% of population below average age of 35 years. The country recorded strong economic success over the last couple of decades despite certain challenges. Country’s GDP growth was recorded at 6% in 2017, which was faster than any other large economy except China. IMF forecast for Indian economy for 2018 and 2019 is much better owing to roll out of Goods and Services Tax in 2017, which will overall the indirect tax system and improve business sentiment and benefit industries including smart wearables devices.
According to Marketmonitor research report, “India Wearable Devices By Type Fitness Tracker, Smartwatch Market Size, Share, Analysis Forecast & Opportunities, 2018-2023” wearable devices recorded humongous growth with a value CAGR of over 140% during 2013-17. The market benefits from wearable devices’ features like, all day stress tracking, VO2 Max data, heart rate monitoring with Elevate technology, sleep tracking, activity measurement and calories burnt. In addition, country’s young fitness conscious working class population, who are primary buyers of these smart fitness devices and smartwatches are being bombarded by competitive pricing strategy from Chinese vendors, which helped market to see higher sales during review period.
As far as competitive landscape is concerned, Fitbit and Samsung are both well established as smart wearables companies, having a strong brand recognition and credibility among young generation. GOQii leads the market in volume terms and increased its share by over 12% from year 2014, while value market is still dominated by American Fitbit. Fitbit continues to promote the habit of fitness and GOQii partners with doctors and other stakeholders. Other tech start-ups are projected to come up with new features offerings, like Hyderabad based HUG Innovations, which has developed next wave of innovation called Gesture Control Technology. The technology enables touch less communication with smart IOT devices.
Wearable devices market is projected to gain significantly during estimated period of 2018-23, on account of trends like rising fitness trends, modernisation of lifestyle, growing keenness to own sophisticated devices and surging internet penetration. Year 2017 also saw plenty of new launches of smartwatches as well as fitness trackers in India, for instance, Garmin launched Garmin Vivosmart 3 Smartband while Huawei also launched its fitness tracker in Indian market. Increasing disposable income, particularly in tier II and tier III cities will help wearable devices manufactures immensely and make demand more sustainable.
India Wearable Devices report elaborates the following aspects of market in the country.
MarketMonitor uses primary and secondary sources to collect the information and validates them to present the 360 degree view of the industry. Primary research includes interviews with wearable devices companies, investors and industry analysts while secondary research focuses on intensive and extensive search of relevant publications i.e. industry magazines, public and private institutions’ industry studies, company annual reports, and other proprietary databases.
According to Marketmonitor research report, “India Wearable Devices By Type Fitness Tracker, Smartwatch Market Size, Share, Analysis Forecast & Opportunities, 2018-2023” wearable devices recorded humongous growth with a value CAGR of over 140% during 2013-17. The market benefits from wearable devices’ features like, all day stress tracking, VO2 Max data, heart rate monitoring with Elevate technology, sleep tracking, activity measurement and calories burnt. In addition, country’s young fitness conscious working class population, who are primary buyers of these smart fitness devices and smartwatches are being bombarded by competitive pricing strategy from Chinese vendors, which helped market to see higher sales during review period.
As far as competitive landscape is concerned, Fitbit and Samsung are both well established as smart wearables companies, having a strong brand recognition and credibility among young generation. GOQii leads the market in volume terms and increased its share by over 12% from year 2014, while value market is still dominated by American Fitbit. Fitbit continues to promote the habit of fitness and GOQii partners with doctors and other stakeholders. Other tech start-ups are projected to come up with new features offerings, like Hyderabad based HUG Innovations, which has developed next wave of innovation called Gesture Control Technology. The technology enables touch less communication with smart IOT devices.
Wearable devices market is projected to gain significantly during estimated period of 2018-23, on account of trends like rising fitness trends, modernisation of lifestyle, growing keenness to own sophisticated devices and surging internet penetration. Year 2017 also saw plenty of new launches of smartwatches as well as fitness trackers in India, for instance, Garmin launched Garmin Vivosmart 3 Smartband while Huawei also launched its fitness tracker in Indian market. Increasing disposable income, particularly in tier II and tier III cities will help wearable devices manufactures immensely and make demand more sustainable.
India Wearable Devices report elaborates the following aspects of market in the country.
- India Wearable Devices Market Size by Value, Share & Forecast
- Segmental Analysis - By Type, By Company and By Region
- Market Drivers & Challenges
- India Macro Economic Analysis
- Policy and Regulatory Landscape
- Market Trends & Developments
- Competitive Landscape & Strategic Recommendations
MarketMonitor uses primary and secondary sources to collect the information and validates them to present the 360 degree view of the industry. Primary research includes interviews with wearable devices companies, investors and industry analysts while secondary research focuses on intensive and extensive search of relevant publications i.e. industry magazines, public and private institutions’ industry studies, company annual reports, and other proprietary databases.
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. ANALYST VIEW
4. GLOBAL WEARABLE DEVICES MARKET OVERVIEW
5. INDIA WEARABLE DEVICES MARKET OUTLOOK
5.1. Wearable Devices in India
5.2. Wearable Device Market Size, By Value
5.3. Wearable Device Market Size, By Volume
5.4. Wearable Device Market Analysis
5.5. Market Share and Forecast
5.5.1 By Product Type
5.5.2 By Company, By Value & Volume
5.5.3 By Region, By Volume
6. INDIA FITNESS BANDS/TRACKERS MARKET OUTLOOK
6.1. Market size and Forecast By Value
6.2. Market size and Forecast By Volume
6.3 Fitness Devices Feature & Pricing Analysi
7. INDIA SMARTWATCHES MARKET OUTLOOK
7.1. Market size and Forecast By Value
7.2. Market size and Forecast By Volume
7.3. Smartwatches Feature & Pricing Analysis
8. MARKET DYNAMICS
8.1. Drivers
8.2. Challenges
9. INDIA WEARABLE DEVICES TRENDS, OPPORTUNITIES & DEVELOPMENTS
10. WEARABLE DEVICES POLICY AND REGULATORY LANDSCAPE
11. INDIA ECONOMIC PROFILE
11.1. India Economic Profile
11.2. Economic Analysis
12. COMPETITIVE LANDSCAPE
12.1. GOQii Inc.
12.2. Xiaomi India Pvt Ltd (Mi)
12.3. Fitbit Inc.
12.4. Garmin India Pvt Ltd.
12.5. Samsung India Electronics Pvt Ltd
12.6. Sony India Pvt Ltd
13. STRATEGIC RECOMMENDATIONS
2. RESEARCH METHODOLOGY
3. ANALYST VIEW
4. GLOBAL WEARABLE DEVICES MARKET OVERVIEW
5. INDIA WEARABLE DEVICES MARKET OUTLOOK
5.1. Wearable Devices in India
5.2. Wearable Device Market Size, By Value
5.3. Wearable Device Market Size, By Volume
5.4. Wearable Device Market Analysis
5.5. Market Share and Forecast
5.5.1 By Product Type
5.5.2 By Company, By Value & Volume
5.5.3 By Region, By Volume
6. INDIA FITNESS BANDS/TRACKERS MARKET OUTLOOK
6.1. Market size and Forecast By Value
6.2. Market size and Forecast By Volume
6.3 Fitness Devices Feature & Pricing Analysi
7. INDIA SMARTWATCHES MARKET OUTLOOK
7.1. Market size and Forecast By Value
7.2. Market size and Forecast By Volume
7.3. Smartwatches Feature & Pricing Analysis
8. MARKET DYNAMICS
8.1. Drivers
8.2. Challenges
9. INDIA WEARABLE DEVICES TRENDS, OPPORTUNITIES & DEVELOPMENTS
10. WEARABLE DEVICES POLICY AND REGULATORY LANDSCAPE
11. INDIA ECONOMIC PROFILE
11.1. India Economic Profile
11.2. Economic Analysis
12. COMPETITIVE LANDSCAPE
12.1. GOQii Inc.
12.2. Xiaomi India Pvt Ltd (Mi)
12.3. Fitbit Inc.
12.4. Garmin India Pvt Ltd.
12.5. Samsung India Electronics Pvt Ltd
12.6. Sony India Pvt Ltd
13. STRATEGIC RECOMMENDATIONS
LIST OF FIGURES
1. Wearable Devices Market Size, By Value (USD Million), 2013-2023F
2. Wearable Devices Market, By Volume (Million), 2013-2023F
3. Wearable Devices Market Share, By Type, By Volume, 2013-2023F
4. Wearable Devices Market Share, By Company, By Value, 2013-2023F
5. Wearable Devices Market Share, By Company, By Volume, 2017-2023F
6. India Wearable Devices Market Share, By Region, By Volume, 2017-2023F
7. Fitness Bands/Tracker Market Size, By Value (USD Million), 2013-2023F
8. Fitness Bands/Tracker Market Size, By Volume, (Million) 2013-2023F
9. Smartwatches Market Size, By Value (USD Million), 2013-2023F
10. Smartwatches Market Size, By Volume (Million), 2013-2023F
11. India Number of Millionaires, (000), 2011-2018F
12. India Disposable Income, USD, 2011-2017
13. India Population, Million, 2011-2016
14. India Smartphone Users, By Volume , Million (2012-2022F)
15. India Internet Penetration, 2011-2016
16. India Demographic Distribution, 2016
1. Wearable Devices Market Size, By Value (USD Million), 2013-2023F
2. Wearable Devices Market, By Volume (Million), 2013-2023F
3. Wearable Devices Market Share, By Type, By Volume, 2013-2023F
4. Wearable Devices Market Share, By Company, By Value, 2013-2023F
5. Wearable Devices Market Share, By Company, By Volume, 2017-2023F
6. India Wearable Devices Market Share, By Region, By Volume, 2017-2023F
7. Fitness Bands/Tracker Market Size, By Value (USD Million), 2013-2023F
8. Fitness Bands/Tracker Market Size, By Volume, (Million) 2013-2023F
9. Smartwatches Market Size, By Value (USD Million), 2013-2023F
10. Smartwatches Market Size, By Volume (Million), 2013-2023F
11. India Number of Millionaires, (000), 2011-2018F
12. India Disposable Income, USD, 2011-2017
13. India Population, Million, 2011-2016
14. India Smartphone Users, By Volume , Million (2012-2022F)
15. India Internet Penetration, 2011-2016
16. India Demographic Distribution, 2016
LIST OF TABLES
1. West Region Population (Million), 2016
2. South Region Population (Million), 2016
3. North Region Population (Million), 2016
4. East Region Population (Million), 2016
1. West Region Population (Million), 2016
2. South Region Population (Million), 2016
3. North Region Population (Million), 2016
4. East Region Population (Million), 2016
