India Emerges as the Leading Wearables Market in 2023
The wearables market in India is experiencing a remarkable surge, positioning the country to claim the coveted title of the world’s largest wearables market in 2023. According to market research firm IDC India, India is expected to account for a significant share of the global shipments, with approximately 130-135 million units, representing around 26% of the total 504.1 million units projected to be shipped worldwide this year. This growth trajectory showcases India’s potential to drive the global demand for smartwatches and hearables, particularly as other major markets like North America and China face saturation amidst macroeconomic challenges.
