IDC report: India’s status in Wearable device market

The International Data Corporation (IDC) recently reported its latest “worldwide quarterly wearable device tracker”. As per the report, India wearables market has increased by 144.3% year-on-year in 2020. In the year 2020, it accounted for 36.4-million-unit shipments.

Key Facts

As per the report, India has become the only country among top 20 that registered the growth in three digits. In India, the shipments in the October-December 2020 grew at 198% annually on 15.2 million units. The IDC has highlighted that, the spread of the Covid-19 pandemic led to the increase in demand for ear wear devices for the purpose of remote working and learning. Further, during the year 2020, people upgraded from wrist bands to watches. Shipment of earwear increased by 258% annually in 2020 to 30.4 million units. Thus, it accounted for 83.6% of the overall wearable market. Furthermore, the hearables became the most demandable electronic product in 2020. Truly Wireless Stereo (TWS) shipment grew tenfold with 11.3-million-unit shipments in 2020.

International Data Corporation (IDC)

It is the premier global provider corporation which is involved in the advisory services, market intelligence, and events for the telecommunication, information technology and consumer technology markets. The IDC comprises of more than 1100 analysts worldwide. It offers the local, regional and global expertise in the technology & industry opportunities. The corporation trends in more than 110 countries. Analysis and insight provided by the IDC helps IT professionals, investment communities and business executives in making the fact-based technology decisions and in achieving the key business objectives. It was founded in 1964. It is owned by the International Data Group which is the leading tech media, data and marketing services company of the world.

Month: Current Affairs - March, 2021