84 pages
Consumer Goods
Wearable Devices Market in India 2015 with data on Key Growth Factors and Key Players
India Wearable Device Market:
Technology-enabled wearable devices are gaining momentum in India and its segment will emerge as a dominant one in the Indian consumer electronics market. Fitness monitors, smart watches, and internet-enabled eyeglasses are the various types of wearable devices available in the Indian market.
India is a growing market for wearable device products. The introduction and availability of next generation cellular networks, and their improved connectivity are factors boosting the growth of the market. Indian start-ups are introducing various innovative products like GPS-enabled smart sports shoes, and multi-function Bluetooth devices that work as camera triggers and alerts while in motion, among others. The players are also heavily focusing on developing wearable devices with advanced features and applications that provide an enhanced digital experience.
The India wearables device market has players such as Goqii, Xioami, Fitbit, Garmin, Huawei, and others. Goqii holds the largest share of the market. Some of the other players with significant market shares in the category are Xioami, Fitbit, Garmin, and Huawei.
Key growth factors:
In the last few years, Indian consumers have shown increased interest in wearable devices like smartwatches, fitness trackers, and fitness monitors, among others. People these days are more aware of the wearable devices and the applications that help in making daily life easy. Increased disposable income and awareness among Indian consumers are stimulating the growth of wearable devices market in India.
The increased availability of 4G and WiFi networks is fuelling the adoption of wearable devices across the country. India is one of the fastest growing economies that is embracing 4G networks, and this is expected to trigger the growth of wearable technology and the devices market.
Threats and key players:
The biggest factor deterring the growth of the wearable devices market in India is that it is too expensive. The iOS and Android applications can act as substitutes for the technology since many applications currently use smartphone sensors to track classic wearable metrics like steps taken, and heart rate, among others
Apple India Pvt. Ltd., Google India Pvt. Ltd., Intel Technology India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Nike India Pvt. Ltd., and Samsung India Electronics Pvt. Ltd., are some of the major players operating in the Indian wearable device market
Companies Profiled:
Intel Technology India Pvt. Ltd.
Google India Pvt. Ltd.
Apple India Pvt. Ltd.
Nike India Pvt. Ltd.
Microsoft Corporation (India) Pvt. Ltd.
Samsung India Electronics Pvt. Ltd.
Sony India Pvt. Ltd.
Frequently Asked Questions For Asia Wearable Devices Market
Which Marketing Strategies are Being Adopted by the Top Key Players of the Asia Wearable Devices Market?
This Asia Wearable Devices Market Research Report is Designed To Aid Businessmen/Investors to Analyse The Best Marketing Tactics For Any Business Situation. It Suggests Proven And Most Effective Marketing Strategies Being Adopted By The Top Key Players For Business Growth. Also, The Research Team has Carried Out Market Study, Research, and Analysis of The Global Top Leading Companies to Comprehend What Makes Them Stand Out From The Crowd. The report includes effective marketing channels, keyword distributors list, and customer details of the Asia Wearable Devices market.
What Drivers And Restraints are Shaping The Growth of the Asia Wearable Devices Market?
It is Essential for Businessmen to Understand Both the Driving Factors and The Restraining Forces of the Industry. Hence, the Report Comprises In-Depth Information About the Drivers And Restraints That Helps Businessmen To Identify The Opportunistic Business Potential.
Which Segment or Region Will Lead the Asia Wearable Devices Market?
The Report Exhibits Region/Segment Analysis That Propels the Growth of the Industry. It Covers All the Regions, Key Developed Nations and Major Emerging Industries. Additionally, it Gives an Outline of The Size of The Industry by Geography and Compares its Forecast Growth.
What are the Upcoming New Projects in the Asia Wearable Devices Market?
This Asia Wearable Devices Market Research Report Would Provide Insights into The New Project Investment Feasibility Analysis Coupled with SWOT Analysis, Project Investment, Project Name, Investment Budget, Project Product Solutions, and Project Schedule.
