India Smartwatch Market Analysis Q1 2023

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Jun 28, 2023

Overview:

Smartwatch shipments registered 125% YoY growth in Q1 2023. The Indian brands captured 94% share the highest ever. The share of domestic manufacturing rose to 55% in Q1 2023. Fire Boltt captured the top spot with Fire Boltt Talk 3 being the best-selling model for the quarter. Noise and boAt (along with its sub-brands) captured second and third position, respectively. In this report, we have analyzed this market in detail covering brands strategy, price band analysis, market drivers along with forecast.

Table of Contents:

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Category

Industry

IoT

Report Type

Report

Author

Harshit Rastogi

Harshit Rastogi is an Analyst based out of Gurgaon, India. He closely tracks global handset market ecosystem and wearables. He has over 4 years of experience analysing trends and deriving strategic insights for key stakeholders.

Anshika Jain

Anshika is a Senior Analyst at Counterpoint Technology Market Research with over 13 years of experience in market research and business intelligence. She currently leads the Global Consumer IoT domain, focusing on wearables, hearables, smart home, and emerging technologies. Previously, she managed various research and consulting projects across sectors such as BFSI and Telecom. Additionally, she has significant client-handling experience with major multinational companies. Anshika holds an MBA in Finance from IMT Ghaziabad and a Bachelor’s degree in Economics from Hansraj College, Delhi University.