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

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

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