According to TechSci Research, India smart band market is forecast to grow at a CAGR of 41% by 2023, on the back of growing health awareness, rising population of tech-savvy people and booming Internet of Things (IoT) market. With technological advancements and shrinking chip size, price of smart bands is expected to decline over the coming years, which in turn, would aid the country’s smart band market. The trend of smart watches as a fashion accessory, in addition to rising popularity of hybrid watches, increasing penetration of internet and growing e-commerce industry are anticipated to positively influence the smart band market in India during the forecast period.
Years considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2019-2023
Objective of the Study:
- To define, segment, describe and forecast India smart band market on the basis of product type, category, region and company.
- To analyze and forecast India smart band market size.
- To scrutinize the detailed market segmentation and forecast the market size, in terms of value, by segmenting India smart band market into product categories, namely, fitness bands and smart watches.
- To identify the drivers and challenges for India smart band market.
- To strategically profile leading players operating in India smart band market.
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Some of the major players operating in India smart band market are Samsung India Electronics Pvt. Ltd., Xiaomi Technology India Private Limited, GOQii Technologies Pvt. Ltd., Fitbit India Private Limited, Motorola Solutions India Private Limited, Apple India Private Limited, Garmin India Pvt. Ltd., Sony India Private Limited, Fossil India Pvt Ltd, and LG Electronics India Pvt. Ltd. among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of country wide smart band providers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include smart band companies which could not be identified due to the limitations of secondary research. TechSci Research further analyzed the service offerings or variants and regional presence of major smart band providers across the country.
TechSci Research calculated India smart band market size using a bottom-up approach, where data for different components for standard application was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of smart band providers to arrive at the overall market size. Various secondary sources such as company websites, annual reports, World Bank website, government websites, press releases, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
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- Smart band manufacturers and suppliers
- IoT providers and watch manufacturers
- Healthcare sector and fitness centers
- Associations, organizations, forums and alliances related to smart band market
- Government bodies such as regulating authorities and policymakers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as smart band companies, distributors and policy makers. The report would aid the stakeholders in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market segments.
Report Scope:
In this report, India smart band market has been segmented into the following categories in addition to the industry trends which have also been detailed below:
-
- Market, by Product Type:
- Fitness Band
- Smart Watch
- Market, by Category:
- Hand
- Others
- Market, by Region:
- East
- Market, by Product Type:
o West
o North
o South
Competitive Landscape
Company Profiles: Detailed analysis of the major companies providing smart bands in India.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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