Wearable electronics is set to witness robust retail volume growth in the forecast period, driven by factors such as the increasing adoption of smartphones, higher disposable incomes, aspirational demand from smaller cities, and a growing focus on health and fitness tracking. One of the primary drivers of growth will be expanding internet and smartphone penetration in India, which will boost the demand for wearable devices that connect seamlessly to smartphones and provide users with a wide range of features.
The demand for activity bands is expected to continue to steadily decline in the forecast period, due to their limited functionality, and the falling prices of alternatives such as smartwatches and digital activity watches. While activity bands mainly track steps, calories, and sleep cycles, digital activity watches and smart wearables offer a wider range of features, including music control, location tracking, contactless payment options, and access to notifications and calls.
The share of locally produced wearable electronics is expected to continue rising in the forecast period, as several home-grown and foreign brands look to shift their manufacturing to India. This has been possible through the phased manufacturing program (PMP), which has indirectly incentivised the domestic production of wearable electronics.
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Understand the latest market trends and future growth opportunities for the Wearable Electronics industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Wearable Electronics
Electronic devices designed to be worn by the user, typically on the wrist or head. The category only covers products designed for retail sale and consumer usage. Products designed for use in medical, military and any other profession such as diving are excluded.
See all of our definitionsThis report originates from Passport, our Wearable Electronics research and analysis database.
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