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India's Wearables Market Grew 41.9 Percent in Q2 2016: IDC

India's Wearables Market Grew 41.9 Percent in Q2 2016: IDC

By Indo-Asian News Service | Updated: 6 September 2016 17:32 IST

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India's Wearables Market Grew 41.9 Percent in Q2 2016: IDC

The wearable devices market in India grew 41.9 percent in the second quarter over the first quarter of this year, International Data Corporation (IDC) reported on Tuesday.

According to IDC's "Worldwide Quarterly Wearable Device Tracker" report, the total shipment in the second quarter stood at over 567,000 units of which the basic wearables, defined as those which cannot run third-party applications, contributed nearly 94 percent.

"The wearable market has advanced to a stage where awareness is no more a roadblock. New vendors are continuously entering the market and existing vendors are offering better product features," said Raj Nimesh, Senior Market Analyst, Client Devices, IDC, in a statement.

Goqii grabbed number one position with 16.1 percent market share, followed by Xiaomi, which slipped one position and stood second with 10.3 percent market share in the second quarter.

Fitbit maintained its third position with 6.7 percent market share.

Garmin made an entry to the top five bracket with a 1.4 percent share and Huawei stood fifth with 1.0 percent market share.

Domestic consumer electronics company Intex held a significant chunk in the "others" category and was one of the major drivers of the market, the report added.

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Further reading: Goqii, Smartwatches, Fitness Bands, Wearables, Xiaomi, Fitbit, Intex, Huawei, Fitness Tracker