Smartwatches, true wireless earbuds at an all-time high in India: IDC

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NEW DELHI: Indians appear to be shopping for an increasing number of sensible watches and wireless earbuds. According to the newest IDC report, the India wearable market posted a outstanding 144.3% year-over-year (YoY) progress in 2020.
The report provides that India was the one nation in the checklist of high 20 which witnessed triple-digit progress in the wearables section in 2020.
The report additionally revealed that this progress was majorly pushed by enhance in the acceptance of earwear units and upgrades to watches from wrist bands.

4Q20 (Oct-Dec 2020) recorded the largest quarter for wearables in India, sustaining triple-digit progress. Overall, distributors shipped 15.2 million items in 4Q20, rising 198.2% YoY
Earwear system shipments grew greater than threefold in 2020 in comparison with the earlier 12 months, primarily pushed by the inexpensive launches, and increasing use circumstances past leisure like digital conferences and e-learning necessities.
Truly Wireless Stereo (TWS) units have been the highest gainer seeing a tenfold enhance with shipments totaling 11.3 million items in 2020.
The Earwear class accounted for 83.6% of the general wearable market share to hit 30.4 million unit shipments in 2020. Boat emerged as the largest participant in the class, accounting for one-third of the class shipments.
(Figures given in proportion)

Samsung and Realme captured the second and third spot with 14.5% and 13.5% market share respectively.
Watches grew considerably as demand for wrist bands declined throughout the 12 months. Watches noticed a 139.3% YoY progress with 2.6-million- unit shipments in 2020. Noise led the watch class with a 24.5% share in 2020 adopted by Realme with a 15.7% share in the 12 months.
(Figures given in proportion)

Smartwatches, which might run third-party functions on the system itself, accounted for a 24.5% share in the watch class, and Apple continues to guide the smartwatch class with a 51.0% share in 2020.
Wristbands declined by 34.3% YoY in 2020 since peaking in 2019 because the 12 months ended with 3.3-million-unit shipments. After the introduction of wrist bands into the Indian market, 2020 has been the primary 12 months when the class reported a decline.
(Figures given in proportion)

The rising recognition of watches at related worth factors to that of wristbands is the primary issue of the decline of wristbands. With 46.7% of the share, Xiaomi continued to guide the class in 2020. Realme, which entered the section in 2020 completed second with a 12.3% class share.

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