Indian brands on a roll, boost smartwatch market to record shipments in Q3
India Today
Smartwatch shipments have grown to an all-time high in India in the third quarter this year, thanks to three brands that recorded the major market share. All three of these are Indian companies and together recorded 75 per cent of the market share.
India is hot on smartwatches, it seems, as the smartwatch industry recorded its highest ever shipments in the bygone quarter this year. The smartwatch market in India registered a quarter-on-quarter growth of 159 per cent in the months of July to September. In annual terms, this growth has been noted to be just around 300 per cent.
The numbers have been shared in a new report by Counterpoint Research. There is an interesting observation to be made here as well. The report mentions that 75 per cent of the smartwatch market was captured by only three companies, all of them of Indian origin. Noise, boAt and Fire-Boltt shipped the highest number of smartwatches in the country in Q3, 2021.
