India smartwatch market
is expected to grow at a significant rate during the forecast period. The
growth of India smartwatch market is attributable to availability of high-speed
internet connection and current smartphone revolution in the country. Some
other factors that are anticipated to drive the growth of smartwatch market in
the country over the coming years are growth concerns pertaining to health 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.
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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.
Report Scope:
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:
- Extension
- Standalone
- Classical
- Others
- Market,
By Operating System:
- iOS
- Android
- Linux
- Tizen
- Others
- Market,
By Application:
- Personal
assistance
- Wellness
- Healthcare
- Sports
- Others
- Market,
By Price Range:
- Market,
By Distribution Channel:
- Store-based
- Non-store based
- Market, By Region:
- North Region
- West Region
- East Region
- South Region
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in India smartwatch market.
Available
Customizations:
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:
Company Information
- 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.
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