Assessment of the Wearables Market in India, Forecast to 2023

Assessment of the Wearables Market in India, Forecast to 2023

Growing Trend Towards Adoption of Smart Devices, Young Tech Savvy Population, and Increasing Incomes to Drive Growth

RELEASE DATE
05-Aug-2019
REGION
South Asia, Middle East & North Africa
Research Code: PA62-01-00-00-00
SKU: ES01107-SA-MR_23374
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Description

The study aims to analyze and forecast the Indian wearables market from 2018 to 2023.

The wearables market is broken down into Fitness Trackers, Smart Watches, and Medical Devices & Others.

• Fitness trackers are also known as basic wearables which use sensors to perform functions such as detect physical functions of the body, help
track fitness goals set by the user, identify heartbeat rate, and other related functionalities.

• Smart watches are connected with smartphones providing ease of operation by having features such as reading texts on a screen of a smart
watch, attending calls, and others. Smart watches also have the features of fitness trackers.

• Medical devices are medical-grade products such as heart patches, which track the condition of the heart and help in preventive healthcare.
Others include smart wearables such as smart glasses and smart t-shirts.

The region covered is India, with an analysis of the North, South, East, and West regions.

End users covered in the study are divided into age group: 15-24 Yrs, 25-45 Yrs, and 46 Yrs & above.

The distribution channel is broken down into online and offline sales.

The wearables market in India is witnessing double-digit growth and this trend is expected to continue during the study period, backed by growing affluence of the Indian middle class, increasing awareness toward health products, and other positive factors. The market has several global and Indian players battling out for the immense potential it presents. Fitness trackers dominate the market by volume due to their ease of use and comparatively lower price than other wearables. There has been an increase in demand for smart watches in recent years and this trend will sustain due to the increasing penetration of smartphones and Internet and the availability of easy purchasing options. Smart watches will present a large opportunity by value during the period of this study. Medical devices and other wearables such as smart t-shirts and smart glasses are at a nascent stage. However, the growing need for preventive healthcare will drive the adoption of medical wearables, and the country’s large youth population will show interest towards tech-savvy products like smart t-shirts and glasses.

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Which product segments are driving the growth of the wearables market in India?
  • Which are the key demand regions in India and what are the region-specific trends?
  • What are the key distribution channels? What will be the preferred mode of purchase in the next few years?
  • Where are the key growth opportunities and how can brands capitalize on them?
  • What is the competition landscape? Which are the major players operating in this market?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Scope and Market Definitions

Key Questions this Study will Answer

Market Segmentation by Revenue and Volume

Market Segmentation by End Users and Region

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Market Engineering Measurements

Forecast Assumptions

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends and Forecast

Pricing Trends and Forecast Discussion

Percent Revenue Forecast by Region

Revenue Forecast by Region

Percent Revenue Forecast by Region Discussion

Revenue Forecast by Vertical Market

Revenue Forecast Discussion by Vertical Market

Percent Revenue Forecast by Distribution Channel

Percent Revenue Forecast Discussion by Distribution Channel

Percent Revenue Forecast by End Users

Revenue Forecast by End Users

Percent Revenue Forecast Discussion by End Users

Key Stakeholders

Cost Structure and Margins

Key Buying Factors

Market Share

Market Share Analysis

Competitive Factors and Assessment

Competitive Environment

Top Competitors

Top Competitors (continued)

Product Highlights

Product Highlights (continued)

Product Highlights (continued)

Growth Opportunity 1—Targeting Gen-Y Population

Growth Opportunity 2—Corporate Gifting

Growth Opportunity 3—Partnerships with Hospitals

Growth Opportunity 4—Subscription Services

Growth Opportunity 5—Connected Homes

Strategic Imperatives for Success and Growth

Mega Trend Impact on the Wearables Market

Mega Trend Explained—Rise of Connected Devices

Mega Trend Explained—Rise of Connected Devices (continued)

Mega Trend Explained—Rise in Income Levels

Mega Trend Explained—e-Retailing Landscape in India

Mega Trend Explained—e-Retailing Landscape in India (continued)

Mega Trend Explained—Growing Healthcare Market: Outlook for India

Fitness Trackers Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Smart Watches Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Medical Devices and Others Segment—Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

North Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast (continued)

South Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast (continued)

East Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast (continued)

West Region—Key Findings

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast (continued)

Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Revenue Forecast Discussion

Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Revenue Forecast Discussion

Key Findings

Market Engineering Measurements

Unit Shipment and Revenue Forecast

Revenue Forecast Discussion

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in “Others”

Abbreviations and Acronyms Used

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The study aims to analyze and forecast the Indian wearables market from 2018 to 2023. The wearables market is broken down into Fitness Trackers, Smart Watches, and Medical Devices & Others. • Fitness trackers are also known as basic wearables which use sensors to perform functions such as detect physical functions of the body, help track fitness goals set by the user, identify heartbeat rate, and other related functionalities. • Smart watches are connected with smartphones providing ease of operation by having features such as reading texts on a screen of a smart watch, attending calls, and others. Smart watches also have the features of fitness trackers. • Medical devices are medical-grade products such as heart patches, which track the condition of the heart and help in preventive healthcare. Others include smart wearables such as smart glasses and smart t-shirts. The region covered is India, with an analysis of the North, South, East, and West regions. End users covered in the study are divided into age group: 15-24 Yrs, 25-45 Yrs, and 46 Yrs & above. The distribution channel is broken down into online and offline sales. The wearables market in India is witnessing double-digit growth and this trend is expected to continue during the study period, backed by growing affluence of the Indian middle class, increasing awareness toward health products, and other positive factors. The market has several global and Indian players battling out for the immense potential it presents. Fitness trackers dominate the market by volume due to their ease of use and comparatively lower price than other wearables. There has been an increase in demand for smart watches in recent years and this trend will sustain due to the increasing penetration of smartphones and Internet and the availability of easy purchasing options. Smart watches will present a large opportunity by value during the period of this study. Medical devices and other wearables such as smart t-shirts and smart glasses are at a nascent stage. However, the growing need for preventive healthcare will drive the adoption of medical wearables, and the country’s large youth population will show interest towards tech-savvy products like smart t-shirts and glasses.--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Which product segments are driving the growth of the wearables market in India?
  • Which are the key demand regions in India and what are the region-specific trends?
  • What are the key distribution channels? What will be the preferred mode of purchase in the next few years?
  • Where are the key growth opportunities and how can brands capitalize on them?
  • What is the competition landscape? Which are the major players operating in this market?
More Information
No Index No
Podcast No
Author Attaurrahman Ojindaram Saibasan
Industries Electronics and Sensors
WIP Number PA62-01-00-00-00
Is Prebook No
GPS Codes 9405-A5,9594,9B07-C1