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
દ્વારા VARINDIA| 143 અભિપ્રાયો
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
દ્વારા VARINDIA| 92 અભિપ્રાયો
India is poised to become the world's largest market for wearables in 2023. Out of the total 504.1 million units of wearables expected to be shipped worldwide this year, India is expected to account for 130-135 million units, as per IDC. It will account for 26 percent of the total units shipped around the world.
In 2022, India had shipped 100 million units of wearables, out of a total of 492 million units, placing it third behind China and North America. India's market size has now surpassed that of China and the US and will keep expanding.
A report underlines, India had already surpassed the United States and China in terms of market size and will continue to grow further. A report by Counterpoint research in May said that the Indian wearables market registered a growth of 121 percent YoY in the first quarter of 2023. Moreover, every smartphone sold in India, there was also a smartwatch sold.
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Indian Wearables market expanding
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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.
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Can Valpoi fish market be termed as the worst market in Goa? How good is your market let us know!
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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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Hi friends..Today i will show you how to make thorana beautiful..Thorana decorations..
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Everything about hair care using at home affordable hair treatments for dry, damaged, frizzy hair and color treated hair with hair pack at home is discussed in this video using the Biolage Deep Treatment hair packs/ hair masks. Hair care with DIY deep treatment hair packs by Biolage helped me get soft, smooth, silky hair. They also have hair masks to tame fly-aways, get rid of split-ends and to treat colored hair which are infused with hair foods and hair caring ingredients which I've explained and shared in detail in this video. I’ve shared with you a demo and my review of the Biolage Deep Treatment Pack for hair as well.
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Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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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
દ્વારા VARINDIA| 143 અભિપ્રાયો
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
દ્વારા VARINDIA| 92 અભિપ્રાયો
India is poised to become the world's largest market for wearables in 2023. Out of the total 504.1 million units of wearables expected to be shipped worldwide this year, India is expected to account for 130-135 million units, as per IDC. It will account for 26 percent of the total units shipped around the world.
In 2022, India had shipped 100 million units of wearables, out of a total of 492 million units, placing it third behind China and North America. India's market size has now surpassed that of China and the US and will keep expanding.
A report underlines, India had already surpassed the United States and China in terms of market size and will continue to grow further. A report by Counterpoint research in May said that the Indian wearables market registered a growth of 121 percent YoY in the first quarter of 2023. Moreover, every smartphone sold in India, there was also a smartwatch sold.
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2:42 4 AIIMS students detained for taking the NEET exam for others for ₹7 lakh
3:15 'Browse with Bing' is disabled in #ChatGPT amidst legal difficulties
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Indian Wearables market expanding
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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.
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Can Valpoi fish market be termed as the worst market in Goa? How good is your market let us know!
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#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
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#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
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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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Chandigarh Grenade Attack: जोरदार विस्फोट, टूट गए कांच के शीशे, एक गिरफ्तार किसका हाथ?
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सोमवार को वित्त मंत्री निर्मला सीतारमण के अध्यक्षता में GST काउंसिल की अहम बैठक का आयोजन किया गया.. इस बैठक में मुख्य रूप से दो मुद्दों पर चर्चा होनी थीं…. हेल्थ इंश्योरेंस पर जीएसटी की दरें कम करने, और 2000 रुपये से कम के ऑनलाइन (डेबिट और क्रेडिट कार्ड से) ट्रांजेक्शन पर 18% जीएसटी लगाने का मामला था…. फिलहाल इंश्योरेंस प्रीमियम सस्ता होने नहीं जा रहा है, क्योंकि इस मसले पर अंतिम फैसला अगली बैठक तक के लिए टाल दिया गया है…
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GST Council Meeting: क्या सस्ता-क्या महंगा हुआ?,Nirmala Sitharaman ने कर दिया बड़ा एलान! | Modi Govt
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