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India Smartwatch Market - By Product (Extension, Standalone, Classic/Hybrid); By Operating System (iOS, Android, Others); By Application (Personal Assistance and Safety, Health/ Wellness, Media & Entertainment, Sports, Communication, Others); By Distribut

Publisher BlueWeave Consulting
Published Dec 22, 2022
Length 118 Pages
SKU # BLWC17630989

Description

India Smartwatch Market - By Product (Extension, Standalone, Classic/Hybrid); By Operating System (iOS, Android, Others); By Application (Personal Assistance and Safety, Health/ Wellness, Media & Entertainment, Sports, Communication, Others); By Distribution Channel (Direct Sales, E-Commerce, Retail Stores, Others), Trend Analysis, Competitive Landscape & Forecast, 2023–2029

India Smartwatch Market Size Zooming at Robust CAGR of 64.7% during 2023–2029
India smartwatch market is gaining traction because of the availability of a wide variety of smartwatches at reasonable rates and focused advertising along with increasing launches of new products that are easily available through online channels.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, India smartwatch market size is projected to grow at an impressive CAGR of 64.7% during the forecast period between 2023 and 2029. Major growth factors for India smartwatch market include the availability of a variety of smartwatches at reasonable rates and focused advertising. India is one of the world’s largest markets for smartwatches. To stay competitive, smartwatch companies often release new products with advanced features to attract consumers. The country’s leading E-commerce marketplaces, such as Flipkart and Amazon, also play a positive role in the expansion of the India smartwatch market by providing appealing offers and discounts to increase sales. However, delays in spectrum standardization and inaccuracy in smartwatch data may limit the growth of India smartwatch market during the period in analysis.
India Smartwatch Market – Overview
A smartwatch is a wrist-worn gadget that resembles a watch but has more modern functionality. Its functions are similar to those of smartphones, including call-making and receiving Wi-Fi and Bluetooth connectivity, and access to a variety of mobile apps. These days, advanced health monitoring devices like heart rate monitors are included in the smartwatches that are being released. It may also be used in place of many devices, including thermometers, pedometers, barometers, compasses, GPS receivers, and more. Additionally, smartwatches can access and transfer data to and from other devices, such as PCs and cell phones.
India Smartwatch Market – By Distribution Channel
Based on distribution channels, the India Smartwatch market is segmented into direct sales, e-commerce, retail stores, and others. The e–commerce segment dominates the India smartwatch market owing to the high penetration of e-commerce platforms, such as Flipkart, Reliance Digital, and Amazon.in. Smartwatches are available a lot cheaper on the online channel compared to offline. The aggregators also offer various deals and discounts through festive deals and clearance sales, which attract younger customers. It is significantly contributing to the growth of the overall India smartwatch market.
Impact of COVID-19 on India Smartwatch Market
The unprecedented COVID-19 outbreak had a detrimental impact on the expansion of the smartwatch market in India. Lockdown and social distancing measures completely interrupted the production and supply chain of smartwatches. The COVID-19 regulations, which ban the sale of any non-essential goods through offline or online channels during the lockdown time, also imply significant losses for the Indian smartwatch sector. At the same time, the pandemic also provided the industry with significant growth opportunities in the post-COVID-19 period. The rising adoption of smartwatches as healthcare tracking devices and the huge increase in smartphone and online retail sales are expected to drive the growth of the India smartwatch market during the projected period.
Competitive Landscape
Major players operating in India smartwatch market include Apple Inc., SAMSUNG, FOSSIL GROUP, INC., OnePlus, OPPO, Honor Device Co., Ltd., Fitbit, boAt, Titan Company Limited, French Connection, Michael Kors, and Realme. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the India Smartwatch Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Smartwatch Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

118 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. India Smartwatch Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Growing consumer preference for wireless fitness and sports devices
3.2.1.2. Rise in awareness about the benefits of wearing a smartwatch
3.2.1.3. Increasing disposable income
3.2.2. Restraints
3.2.2.1. Delay in spectrum standardization
3.2.3. Opportunities
3.2.3.1. Advancement in digital wearable technologies
3.2.3.2. Rising inclination towards purchasing new and trending products
3.2.4. Challenges
3.2.4.1. Inaccurate smartwatch data
3.2.4.2. Volatility of raw material prices
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. India Smartwatch Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Product
4.2.1.1. Extension
4.2.1.2. Standalone
4.2.1.3. Classic/Hybrid
4.2.2. By Operating System
4.2.2.1. iOS
4.2.2.2. Android
4.2.2.3. Others
4.2.3. By Application
4.2.3.1. Personal Assistance and Safety
4.2.3.2. Health/ Wellness
4.2.3.3. Media & Entertainment
4.2.3.4. Sports
4.2.3.5. Communication
4.2.3.6. Others
4.2.4. By Distribution Channel
4.2.4.1. Direct Sales
4.2.4.2. E-Commerce
4.2.4.3. Retail Stores
4.2.4.4. Others
5. Competitive Landscape
5.1. List of Key Players and Their Range
5.2. India Smartwatch Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Development (Merger, Acquisition, Partnership, and others)
6. Impact of Covid-19 on India Smartwatch Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
7.1. Apple Inc.
7.2. SAMSUNG
7.3. FOSSIL GROUP, INC.
7.4. OnePlus
7.5. OPPO
7.6. Honor Device Co., Ltd.
7.7. Fitbit
7.8. boAt
7.9. Titan Company Limited
7.10. French Connection
7.11. Michael Kors
7.12. Realme
7.13. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumption & Limitation
List of
Figures
Figure 1 India Smartwatch Market Segmentation
Figure 2 India Smartwatch Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 India Smartwatch Market Size, By Value (USD Million), 2019–2029
Figure 5 India Smartwatch Market Share, By Product, By Value, 2019–2029
Figure 6 India Smartwatch Market Share, By Operating System, By Value, 2019–2029
Figure 7 India Smartwatch Market Share, By Application, By Value, 2019–2029
Figure 8 India Smartwatch Market Share, By Distribution Channel, By Value, 2019–2029
List of
Tables
Table 1 India Smartwatch Market Size, By Product, By Value, 2019–2029
Table 2 India Smartwatch Market Size, By Operating System, By Value, 2019–2029
Table 3 India Smartwatch Market Size, By Application, By Value, 2019–2029
Table 4 India Smartwatch Market Size, By Distribution Channel, By Value, 2019–2029
Table 5 Apple Inc. Company Overview
Table 6 Apple Inc. Financial Overview
Table 7 SAMSUNG Company Overview
Table 8 SAMSUNG Financial Overview
Table 9 FOSSIL GROUP, INC. Company Overview
Table 10 FOSSIL GROUP, INC. Financial Overview
Table 11 OnePlus Company Overview
Table 12 OnePlus Financial Overview
Table 13 OPPO Company Overview
Table 14 OPPO Financial Overview
Table 15 Honor Device Co., Ltd. Company Overview
Table 16 Honor Device Co., Ltd. Financial Overview
Table 17 Fitbit Company Overview
Table 18 Fitbit Financial Overview
Table 19 boat Company Overview
Table 20 boat Financial Overview
Table 21 Titan Company Limited Company Overview
Table 22 Titan Company Limited Company Overview
Table 23 French Connection Company Overview
Table 24 French Connection Company Overview
Table 25 Michael Kors Company Overview
Table 26 Michael Kors Company Overview
Table 27 realme Company Overview
Table 28 realme Company Overview

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