Wearable market sees record 66% YoY growth in India: IDC

For the last five-six years, smart wearables such as earphones, fitness bands, and smartwatches saw moderate growth compared to smartphones, but after post period of Covid-19 pandemic-induced lockdowns, the demand has skyrocketed.

International Data Corporation released the half (H1) yearly report for the month ending June 2022. It says 23.9 million wearable devices were shipped in 2Q22 (April-June), that’s 113% year-over-year (YoY) growth over the previous year’s same period.

And, thanks to discounts and marketing, the companies were able to ship 38 million units in 1H22 (Jan-Jun) growing at 65.8 per cent YoY.