Indian wearables market drops 20.7% in Q3 2024, with smartwatch sales falling despite discounts.

The Indian wearables market saw a 20.7% drop in Q3 2024, with shipments totaling 38 million units. Smartwatch shipments fell 44.8% to 9.3 million units, despite increased festive season discounts. The average selling price rose 1.3% to $21.3, indicating a shift towards premium devices. Noise leads in smartwatches, while Boult and Realme showed growth with 32.5% and 56.5% increases, respectively. Offline earwear shipments grew 9.4%, while online sales declined 14.4%.

November 18, 2024
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