Wearable Market Grew 41.9% In Q2 2016

Posted: Sep 6 2016, 5:17am CDT | by , in Latest Business News


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Wearable Market Grew 41.9% in Q2 2016

The wearable devices market in India grew 41.9 per cent 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 per cent.

"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 per cent market share, followed by Xiaomi, which slipped one position and stood second with 10.3 per cent market share in the second quarter.

Fitbit maintained its third position with 6.7 per cent market share.

Garmin made an entry to the top five bracket with a 1.4 per cent share and Huawei stood fifth with 1.0 per cent 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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