India wearables market up 113% in Q2; shipments to cross 90 mln units in 2022: IDC

NEW DELHI: India’s wearables market grew 113% year-on-year to ship 23.9 million units in Q2 2022, while the first half (January-June) recorded shipments of 38 million units, growing at 65.8% year-on-year supported by new launches, discounts, and affordable devices, according to the latest market data released by International Data Corporation (IDC) on Wednesday.

But despite the strong growth all-around, the overall average selling price (ASP) declined by 7.2% year-on-year in the second quarter, as per IDC.

The research firm now forecasts that the shipments of wearables will exceed a record of 90 million in 2022.