Tech Desk, Amar Ujala, New Delhi
Published by: Pradeep Pandey
Thursday, 16 December 2021 03:54 PM Updated to IST
Amazfit has a 9.3% market share in the Indian smartwatch market. Domestic company Fire-Bolt was fourth with a market share of 5.5 per cent, followed by Realmy with 4.7 per cent.
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Market share of domestic companies in the Wearables market of India
When it comes to smartwatches, noise is number one. Noise market share in India is 28.6%. The second number is BoAt. BoAt has a market share of 26.9 percent. Amazfit ranks third, once the No. 1 smartwatch brand in India. Amazfit has a 9.3% market share in the Indian smartwatch market. Domestic company Fire-Bolt was fourth with a market share of 5.5 percent, followed by Realmy with 4.7 percent.
India is the third largest market for TWS
In addition to wearable items, India has also emerged as the third largest true wireless stereo (TWS) market in the world. India’s share in the global TWS market is 10%. The TWS market in India grew by 92 per cent to 7.3 million TWS products in the third quarter.
The domestic company BoAt dominates the TWS market only. Boat has the largest market share of 45.5% in the TWS market. On the other hand, OnePlus is in second place with 8.5 percent. Samsung was third with 7.9 per cent, RealMe was fourth with 5.5 per cent and Ptron was fifth with 5.1 per cent which means there are two Indians in the top-5 brands. Domestic company Noise is also performing well.
Boat annual growth is growing at a rate of 426%. As Dijo has gained a strong foothold in the market due to its attractive prices in a very short period of time, the boat needs to be prepared for stiff competition from the real estate brand Dizo in the future.