Indian wearable market witnessed a growth of 144.3% in 2020: Report
Indian wearable market witnessed a growth of 144.3% in 2020: Report
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The Indian wearables market recorded 144.3 per cent year-over-year (YoY) growth in 2020, driven by record shipments in hearables and watchess category, exiting the year with 36.4 million unit shipments, industry tracker International Data Corporation (IDC) said on Thursday through its research report.
India was the only country in the top 20 to see triple-digit growth in wearables in 2020 and continues to be the third-largest wearables market globally, showed IDC Worldwide Quarterly Wearable Device Tracker.
Earwear device shipments increased over threefold in 2020 compared to 2019, “mainly driven by affordable launches, and expanding use cases beyond entertainment, like virtual meetings and e-learning requirements.” It constituted for 83.6 percent of the overall wearable market share to hit shipments of 3