India Smartwatch Market By Product (Extension, Standalone, Classical, Others), By Operating System (iOS, Android, Linux, Tizen, Others), By Application (Personal assistance, Wellness, Healthcare, Sports, Others), By Price Range (High, Medium, Low), By Distribution Channel (Store-based v/s Non-store based), Competition, Forecast & Opportunities, 2025
India smartwatch market is expected to grow at a significant rate during the forecast period. A smartwatch is a portable wearable device, which is used to track numerous activities like steps covered in a day, heart rate, calories burnt and other activities apart from the usual time telling function. The growth of India smartwatch market is attributable to rise in adoption of smartphones coupled with fast internet connectivity. Some other factors that are anticipated to drive the growth of smartwatch market in the country over the coming years are increase in health awareness among the consumers, surging demand for wireless fitness & sports devices and presence of large number of key market players such as such as Xiaomi, Samsung, Apple, Google, and others. Moreover, due to wide range of body and health monitoring capabilities, swimmers, cyclists, gym-goers and athletes are rapidly adopting the use of smartwatches, thereby boosting the growth of smartwatch market in the country. However, high initial cost can act as a major impediment to the growth of India smartwatch market in the next 5 years.
Based on product, India smartwatch market can be segmented into extension, standalone, classical and others. Among these, the standalone segment dominated the market until 2019, in terms of largest market share and is further anticipated to witness high growth in the coming years as well attributable to the features such as wireless operations, sim card acceptance & can be used as mobile phone, and to access the internet.
Major players in the India smartwatch market include 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. The key players in the market are focusing on collaborations in order to expand their market share.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
To analyse and forecast the market size of India smartwatch market
To forecast India smartwatch market based on product, operating system, application, price range, distribution channel and regional distribution.
To identify drivers and challenges for India smartwatch market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in India smartwatch market.
To conduct the pricing analysis for India smartwatch market.
To identify and analyse the profile of leading players operating in the India smartwatch market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of smartwatch manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product types, application types and presence of all major smartwatch manufacturers across the region.
TechSci Research calculated India smartwatch market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
Smartwatch manufacturers, suppliers, distributors and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, industry associations forums and alliances related to smartwatch market
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India smartwatch market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Product:
Market, By Operating System:
Market, By Application:
Market, By Price Range:
Market, By Distribution Channel:
Market, By Region:
Company Profiles: Detailed analysis of the major companies present in India smartwatch market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
Profit margin analysis in case of direct and indirect sales channel.
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook