Report: India wearable market grows 56.4%, boAt leads.
- With boAt topping the market, India’s wearable market experienced another record quarter, shipping 37.2 million devices in Q3 2022 (July-Sep), an increase of 56.4% (year over year).
- IDC reports that smartwatches, which include basic and advanced models, continue to be the fastest-growing category, with 12 million shipments in a single quarter, representing a growth of 178.8%. (
- year-over-year).Basic smartwatches are still market leaders, holding a 95.5% share that climbed by 187.1% annually in Q3.