Year End 2021: Domestic companies bury the flag in the wearable market, Boathead No. 1 crown

Tech Desk, Amar Ujala, New Delhi

Published by: Pradeep Pandey
Thursday, 16 December 2021 03:54 PM Updated to IST

Summary

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.

Listen to the news

The dominance of Chinese companies in the Indian market is often questioned and sometimes meticulously opposed, but if we look at the data of the last two years, Indian companies are growing rapidly. Micromax has made a great comeback in 2020-21 with the introduction of several smartphones, with Lava introducing the first 5G phone. Companies such as Micromax and Lava have also introduced earbuds. The market for perishable goods in India is growing at a rate of 118% per annum. These figures are for the second quarter of the year 2021. The biggest thing here is that domestic companies are dominating the wearable market. The smartwatch market in India is growing rapidly. Domestic companies such as Firebolt (Fire-Boltt), Boat (BoAt), Noise (Crossbeats) outperformed companies such as Amazfit, Redmi, and Realme.

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 and Realmy was fifth 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 Dizo has gained a strong position 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.

Range

The dominance of Chinese companies in the Indian market is often questioned and sometimes meticulously opposed, but if we look at the data of the last two years, Indian companies are growing rapidly. Micromax has made a great comeback in 2020-21 with the introduction of several smartphones, with Lava introducing the first 5G phone. Companies such as Micromax and Lava have also introduced earbuds. The market for perishable goods in India is growing at a rate of 118% per annum. These figures are for the second quarter of the year 2021. The biggest thing here is that domestic companies are dominating the wearable market. The smartwatch market in India is growing rapidly. Domestic companies such as Firebolt (Fire-Boltt), Boat (BoAt), Noise (Crossbeats) outperformed companies such as Amazfit, Redmi, and Realme.

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.

.

[ad_2]

Source link

Leave a Comment