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Wearables – fastest growing category
India's wearables market grew by 93.8% YoY in 3Q of 2021, shipping 23.8 million units, as per IDC. Despite the logistic challenges and increase in freight costs, vendors remained aggressive in their shipments and were able to manage the inventory for the upcoming month-long festival sales. Shipments in September surpassed 10 million, growing two-fold from the same month last year, resulting in a record quarter for wearable devices in India. Watches continue to be the fastest-growing category with 4.3 million shipments in 3Q21, while wristbands saw a seventh consecutive quarter of annual decline. Overall wristwear (inclusive of watches and wristbands) crossed the 5 million shipments mark in a single quarter, further reinforcing the acceptance of watches in the country. Truly Wireless devices reached a 39.5% share of earwear in 3Q21, but the market remains dominated by over-the-ear and tethered devices.
India-based brands have captured over two-thirds of the watch market with their aggressive offerings and marketing spends on digital platforms. Noise maintained its lead for the sixth straight quarter with a 26% market share in 3Q21. Experts said, while seasonality made 3Q21 the biggest quarter for wearables, the influx of devices at the entry-level was the key growth factor. Throughout the quarter, Indian vendors were aggressive with their launches and channel expansion. Aggressive intent to maintain their lead helped them to further reduce the average selling price of watches to $73, putting immense pressure on a struggling wrist band category. The report further states, so far, these new-age brands have been able to limit the incumbent smartphone brands’ ability to make any dent in their growth and continue to dominate the hearables and wristwear categories. Secondly, Celebrity endorsements are a key tactic for brand recall. However, to maintain the growth momentu
By VARINDIA| 87 views
The India wearables market shipped 13.9 million units in 1Q22, up 20.1% YoY (year-over-year) according to the recent data from the International Data Corporation’s (IDC) India Monthly Wearable Device Tracker. This growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. The ASP of the overall category declined 17.1% YoY primarily due to a stronger decline in the ASP of watches. Watches continued to be the fastest-growing category shipping 3.7 million units with a growth of 173.0% YoY in 1Q22 (Jan-Mar). Basic watches accounted for 95.1% of the overall watch category shipments. Aggressive competition at entry-level price points helped the basic watches grow 202.1% YoY, whereas the smartwatch shipments declined 4.2% annually. Furthermore, the ASP of the watches declined 41.5% YoY to reach $50.3 in 1Q22 compared to $86.0 in the same quarter last year. On the other hand, Wrist bands continued to decline annually for the 9th consecutive quarter. Overall wristwear (which includes watches and wrist bands) grew 87.5% yearly in 1Q22, with a total shipment of 4.0 million units.The earwear category accounted for 71.3% of the overall wearables category; the true wireless stereo (TWS) devices grew to 48.3% from 34.2% in 1Q21, with a growth of 48.2% YoY. India wearables market records double-digit growth in January-March, BoAT, Noise on top.
Aggressive discounts, new features, and a strong push from brands and channel partners are encouraging consumers to upgrade and spend more on wearable watches. While dependence on devices like TWS and wearable watches is increasing, supply remains a concern for the industry. Intense competition in the sub $50 category is pushing all brands to offer competitive offerings in terms of pricing, features, and device design. The outlook for 2022 remains strong as wearables will try to attract users in Tier 2 and Tier 3 cities. The healthy growth is attracting newer players to the market, as br
By VARINDIA| 114 views
India’s wearables market is poised to touch 100 million units this year and is expected to grow to total 117 million units next year. The swift increase in the growth in the sector is driven by rising smartwatch sales and expanding offline sales.
The young demographics and high disposable income in the country is one of the largest growth drivers of the industry. Continuous investment in research & development and marketing activities by the wearables manufacturers is positively impacting the industry’s growth. With this Next year we are going to witness a wide range of technological advancements in the wearables market in India with new product launches with ameliorated features,
The India Consumer #WearablesMarket Segmentations depends on 4 factors
1. By Type of Wearables: Fitness trackers dominated the wearables industry in India in 2020 on the basis of revenue. The adoption of wearables is currently led by decrease in the price of fitness trackers. In addition to being cheap, these devices now offer features which were once only available in high end devices.
2. By Price Segment: Wearables between the price category of Rs 10,000- Rs 20,000 will generate more demand as disposable income of the individuals rises in the country. This will be further fuelled by decline in prices of fitness bands and smartwatches as competition is expected to increase.
3. By Type of City: Owing to high levels of pollution in the air and adulteration in the diet, residents of metro cities have become more fitness conscious as compared to the residents in its counterpart. As a result, these metro cities contribute a higher proportion of sales revenue in the fitness tracker market.
4. By Distribution Channel: Since majority of the sales comes from Tier-1 and surrounding cities, the preferred channel of sales is online. This is due to the fact, as residents in these regions are more literate and find online medium as an easy platf
By VARINDIA| 62 views
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India has become a major hub for the production of wearables, and this is having a negative impact on China's wearables industry. India's wearables market surpassed China to become the largest in the world. India is home to several wearables brands that are transforming the lifestyle industry. The Indian market is estimated to be worth around $6 billion by 2023, with an annual growth rate of 30-35%.
The #globalsmartwatch shipments contracted 1.5% YoY in Q1 2023. The 121% growth in India’s shipments managed to restrict the decline.
This was the second consecutive quarter of a YoY decrease in global shipments, which were hit by the seasonal decline in demand for products from major players like Apple and Samsung, along with consumer sentiment dampened by global financial pressures.
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Wearables – fastest growing category
India's wearables market grew by 93.8% YoY in 3Q of 2021, shipping 23.8 million units, as per IDC. Despite the logistic challenges and increase in freight costs, vendors remained aggressive in their shipments and were able to manage the inventory for the upcoming month-long festival sales. Shipments in September surpassed 10 million, growing two-fold from the same month last year, resulting in a record quarter for wearable devices in India. Watches continue to be the fastest-growing category with 4.3 million shipments in 3Q21, while wristbands saw a seventh consecutive quarter of annual decline. Overall wristwear (inclusive of watches and wristbands) crossed the 5 million shipments mark in a single quarter, further reinforcing the acceptance of watches in the country. Truly Wireless devices reached a 39.5% share of earwear in 3Q21, but the market remains dominated by over-the-ear and tethered devices.
India-based brands have captured over two-thirds of the watch market with their aggressive offerings and marketing spends on digital platforms. Noise maintained its lead for the sixth straight quarter with a 26% market share in 3Q21. Experts said, while seasonality made 3Q21 the biggest quarter for wearables, the influx of devices at the entry-level was the key growth factor. Throughout the quarter, Indian vendors were aggressive with their launches and channel expansion. Aggressive intent to maintain their lead helped them to further reduce the average selling price of watches to $73, putting immense pressure on a struggling wrist band category. The report further states, so far, these new-age brands have been able to limit the incumbent smartphone brands’ ability to make any dent in their growth and continue to dominate the hearables and wristwear categories. Secondly, Celebrity endorsements are a key tactic for brand recall. However, to maintain the growth momentu
By VARINDIA| 87 views
The India wearables market shipped 13.9 million units in 1Q22, up 20.1% YoY (year-over-year) according to the recent data from the International Data Corporation’s (IDC) India Monthly Wearable Device Tracker. This growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. The ASP of the overall category declined 17.1% YoY primarily due to a stronger decline in the ASP of watches. Watches continued to be the fastest-growing category shipping 3.7 million units with a growth of 173.0% YoY in 1Q22 (Jan-Mar). Basic watches accounted for 95.1% of the overall watch category shipments. Aggressive competition at entry-level price points helped the basic watches grow 202.1% YoY, whereas the smartwatch shipments declined 4.2% annually. Furthermore, the ASP of the watches declined 41.5% YoY to reach $50.3 in 1Q22 compared to $86.0 in the same quarter last year. On the other hand, Wrist bands continued to decline annually for the 9th consecutive quarter. Overall wristwear (which includes watches and wrist bands) grew 87.5% yearly in 1Q22, with a total shipment of 4.0 million units.The earwear category accounted for 71.3% of the overall wearables category; the true wireless stereo (TWS) devices grew to 48.3% from 34.2% in 1Q21, with a growth of 48.2% YoY. India wearables market records double-digit growth in January-March, BoAT, Noise on top.
Aggressive discounts, new features, and a strong push from brands and channel partners are encouraging consumers to upgrade and spend more on wearable watches. While dependence on devices like TWS and wearable watches is increasing, supply remains a concern for the industry. Intense competition in the sub $50 category is pushing all brands to offer competitive offerings in terms of pricing, features, and device design. The outlook for 2022 remains strong as wearables will try to attract users in Tier 2 and Tier 3 cities. The healthy growth is attracting newer players to the market, as br
By VARINDIA| 114 views
India’s wearables market is poised to touch 100 million units this year and is expected to grow to total 117 million units next year. The swift increase in the growth in the sector is driven by rising smartwatch sales and expanding offline sales.
The young demographics and high disposable income in the country is one of the largest growth drivers of the industry. Continuous investment in research & development and marketing activities by the wearables manufacturers is positively impacting the industry’s growth. With this Next year we are going to witness a wide range of technological advancements in the wearables market in India with new product launches with ameliorated features,
The India Consumer #WearablesMarket Segmentations depends on 4 factors
1. By Type of Wearables: Fitness trackers dominated the wearables industry in India in 2020 on the basis of revenue. The adoption of wearables is currently led by decrease in the price of fitness trackers. In addition to being cheap, these devices now offer features which were once only available in high end devices.
2. By Price Segment: Wearables between the price category of Rs 10,000- Rs 20,000 will generate more demand as disposable income of the individuals rises in the country. This will be further fuelled by decline in prices of fitness bands and smartwatches as competition is expected to increase.
3. By Type of City: Owing to high levels of pollution in the air and adulteration in the diet, residents of metro cities have become more fitness conscious as compared to the residents in its counterpart. As a result, these metro cities contribute a higher proportion of sales revenue in the fitness tracker market.
4. By Distribution Channel: Since majority of the sales comes from Tier-1 and surrounding cities, the preferred channel of sales is online. This is due to the fact, as residents in these regions are more literate and find online medium as an easy platf
By VARINDIA| 62 views
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Watch Wearables has become a major category at the annual Consumer Electronics Show in Las Vegas. As AP's Haven Daley reports, the technology is moving away from just gadgets you wear around your wrist.
By Nidhi| 254 views
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नए साल के दूसरे दिन भी शेयर बाजार में गिरावट देखी गई.... वाहन बिक्री में आई कमी और विनिर्माण क्षेत्र की सुस्ती से बाजार दिन भर दबाव में रहा...अमेरिका में सरकारी कामकाज में जारी आंशिक बंद के कारण निवेशकों में हताशा रही... जिससे बंबई स्टॉक एक्सचेंज का सेंसेक्स 363 अंक और नेशनल स्टॉक एक्सचेंज का निफ्टी 118 अंक गिरावट के साथ बंद हुआ...
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Can Valpoi fish market be termed as the worst market in Goa? How good is your market let us know!
Can Valpoi fish market be termed as the worst market in Goa? How good is your market let us know!
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In an exclusive chat with Bollywood Bubble, Nawazuddin Siddiqui shares a tragic story of his friend from National School of Drama who fell into depression and started behaving in a weird way. He also revealed how he got scared looking at him in the middle of the night and how his other colleagues like Piyush Mishra and Tanishttha Chatterjee had a spooky encounter with Nirmal Das. Check out the video to know the full story.
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Nawazuddin Siddiqui on living with his mentally disturbed friend | Nirmal Das Story
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Baglami Club Launch In BKC With Divya Agarwal, Reem Shaikh, Terrence Lewis and Many Celebs
Baglami Club Launch In BKC With Divya Agarwal, Reem Shaikh, Terrence Lewis and Many Celebs
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Hina Khan Shares Heart Breaking News To Her Fans, Diagnosed With Breast Cancer Stage 3
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Hina Khan Shares Heart Breaking News To Her Fans, Diagnosed With Breast Cancer Stage 3
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Bollywood Bubble Host Avinash Pal, Trapped Zakir Khan, Amruta Khanvilkar And Kumar Varun in his funny 'Oot Pataang' Questions. Kumar Varun started on an amazing tone, but Zakir Khan ends with his great sense of answers. watch full video and know how Amruta Khanvilkar performs.
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What should be the name of Sanjay Dutt's Broadband company? Oot Pataang Ques ft. Zakir Khan & Amruta
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In this video, Anurag Kashyap reveals the negative impact of actors' high pay, entourages, and unreasonable demands on the film sets. He highlights the need for producers and agents to set boundaries and for actors to be more cost-conscious to improve the industry's overall health. Anurag also explains how Salman Khan, Aamir Khan and Shah Rukh Khan never take fees from the producers which reduces the movie production cost hence helping the filmmakers. He also discusses how Amruta Subhash's agent demanded a lot of things which made him furious and he went on to replace the actress. Check out the video to know more.
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Anurag Kashyap unfiltered on Actor's Entourage, Tantrums and Demands on film sets
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Ayesha Khan Shoots For A Song In South | Video Goes Viral
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Ayesha Khan Shoots For A Song In South | Video Goes Viral
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Kalki 2898AD Pre Release Event Mumbai - Prabhas, Deepika Padukone, Amitabh Bachchan & Kamal Haasan
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Kalki 2898AD Pre Release Event Mumbai - Prabhas, Deepika Padukone, Amitabh Bachchan & Kamal Haasan
By BOLLYWOOD FLASH| 5724 views
Sai Ketan Rao is all set to participate in Bigg Boss OTT 3. In an exclusive chat with Bollywood Bubble host Aakruti Bagla, he reveals why he took up this opportunity at this stage in his career. He also expresses excitement to meet Anil Kapoor. He also reflects on his journey and feels grateful for the fact he didn’t get typecasted as he attempts to do different things. Sai also reveals he is a shy person and how will he deal with aggression in the house. He also expresses admiration for the late actor Sidharth Shukla. Sai Ketan Rao also calls Shivangi his pillar of strength and says he wishes he could take her in the house. He also shares the advice she gave him before entering. Check out the video to know more.
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Sai Ketan Rao on Shivangi Khedkar, Bigg Boss OTT 3, Anil Kapoor, negative side of TV industry
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Bigg Boss OTT 3 | Armaan Malik Ki Full Planning, Game Sirf Elvish Yadav Ke Aas Pass
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Bigg Boss OTT 3 | Armaan Malik Ki Full Planning, Game Sirf Elvish Yadav Ke Aas Pass
By Bollywood Spy| 6747 views
Elvish Yadav Ne Diya Dhruv Rathee Ko Challenge, Counter Karke Dikhao
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Elvish Yadav Ne Diya Dhruv Rathee Ko Challenge, Counter Karke Dikhao
By Bollywood Spy| 6952 views
#Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.
Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.
AI is used Towards Client AI Processing
By VARINDIA| 1023 views
#Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.
Google has recently unveiled three new tools to combat online misinformation:
· About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.
· Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.
· AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.
Can Google’s tools combat online misinformation
By VARINDIA| 371 views
Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.
The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.
Today's Headline in NewsHours
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3:36 Government plans to introduce regulatory sandbox for OTT apps
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5:00 #TechMahindra’s CEO designate Mohit Joshi announces restructuring
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Increasing online Frauds
By VARINDIA| 289 views
Delhi-NCR Rain : नोएडा, गुरुग्राम और फरीदाबाद में भारी बारिश से सड़कें लबालब, अंडरपास में पानी भरने से आवाजाही बाधित
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By Janta TV| 7237 views
#DBLiveBreaking : संसद में INDIA का हल्लाबोल -बैकफुट पर सरकार | Rahul Gandhi | PM Modi | Akhilesh
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By DB Live| 1946 views
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