With a strong millennial base with rising disposable income, India now offers immense growth potential for the Smart Watch players which is currently dominated by the Apple Watch Series.
The India market for wearable devices grew 30.9 per cent sequentially in the second quarter of 2019 — reaching an all-time high of 30 lakh shipments in a single quarter, according to the IDC. Smart Watches saw a healthy 99.6 per cent (Year-on-Year) and 42.9 per cent (QoQ) growth in the second quarter.
Fossil made a return after struggling with stock issues and became the leading wearable watch brand with 34 per cent category share, the IDC said.