India Smart Wearables Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers India Smart Wearables Companies and the market is segmented by product (Smart Watches, Head-Mounted Displays, Smart Clothing, Ear Worn, Fitness Tracker, Body-Worn Camera, Exoskeleton, Medical Devices).

India Smart Wearable Market Size

Smart Wearables Market Size in India
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India Smart Wearable Market Analysis

The India Smart Wearable Market is expected to register a CAGR of 23.91% during the forecast period.

  • The regional government bodies are implementing new policies which may significantly drive the market. For instance, in February 2022, The Indian government unveiled a new phased manufacturing scheme to encourage the domestic production of wearable and hearable devices (PMP). Most components used to make wearable, and hearable gadgets will no longer be subject to customs tax beginning on April 1, 2022, while importing such goods will range from 15 to 20 % from FY23 to FY26. While there will be a 20% tariff on imported smartwatches, Bluetooth speakers, true wireless stereos, headphones, earbuds, neckbands, and headsets, there will be a 0% to 15% duty on imported components between FY23 and FY26.
  • According to the Indian Brand Equity Foundation, The Government of India (GOI) has commenced various initiatives to strengthen the medical devices sector, emphasizing research and development (R&D) and 100% FDI for medical devices to boost the market. Between April 2000 and December 2021, the amount of FDI that entered the medical and surgical equipment market was 2.35 billion dollars. Medical gadget imports account for 75-80% of the country's total. In 2019-20, exports totaled USD 2.51 billion; by 2025, they are projected to reach USD 10 billion. Increasing government initiatives will create opportunities for the studied market to grow.
  • In June 2021, DRDO conducted research and development on the exoskeleton technology for several years to make soldiers' lives safer and more comfortable. It hasn't yet deployed any operational technologies in this area, though. While China, amid the border tensions, came out with military-grade exoskeleton suits powered and used for carrying ammunition. The Chinese border defense troops began employing non-powered exoskeletons in the latter half of 2020 to aid in tasks like supply delivery and patrol.
  • In June 2021, GoQii, the manufacturer of a smart wearable, announced the release of a new item named Smart Vital Junior. A special fitness band for children called the GoQii Smart Vital Junior is being released when the prospect of a third COVID-19 wave hangs over the younger generation. The GoQii Smart Vital Junior will serve as a helping tool for children and monitor changes in blood oxygen levels, heart rate, and temperature levels in real-time-vitals that are important during COVID-19. According to medical professionals, children are expected to be affected by the third COVID-19 wave.

India Smart Wearable Industry Overview

The Indian smart Wearables Market is fragmented with significant market players such as Google LLC, Apple Inc., Samsung, sony, and many more. The companies are introducing new offerings, continuously investing in partnerships and acquisitions, and product development to increase the market share. A few of the recent developments by the companies are listed below.

  • June 2022 - The Vivosmart 5 fitness tracker from Garmin has been introduced in India. The advanced sleep tracking capabilities of the smart fitness tracker include Garmin's sleep score, at-a-glance health stats for pulse oximetry, heart rate monitoring, "body battery" energy monitoring, all-day stress tracking, and more. The Vivosmart 5 boasts 66 percent more screen space than the model it replaces, larger lettering, and an intuitive touchscreen and button interface. Based on the users' VO2 max, resting heart rate, and body mass index, the tracker also displays the users' current fitness age. (BMI) With increasing engagement, consumers are encouraged to lower the figure using this option.
  • August 2021 - Axon, a connected public safety technology provider, announced that the Gujarat State Police would provide 10,350 body-worn cameras and Axon's digital evidence management solution to officers stationed throughout Gujarat, India. The Gujarat State Police will also equip a portion of the cameras with Axon's real-time situational awareness software, Respond for Devices, which provides supervisors with access to location-mapping and live stream, allowing them to see how situations develop and inform decisions about resourcing and backup.

India Smart Wearable Market Leaders

  1. Apple Inc.

  2. Samsung Group

  3. Google LLC

  4. Xiaomi

  5. Nike

  6. *Disclaimer: Major Players sorted in no particular order
Apple Inc., Samsung Group, Google LLC, Xiaomi, Nike
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India Smart Wearable Market News

  • June 2022 - The Gen 6 Hybrid Smartwatch has been introduced by Fossil in India. The smartwatch series aims to integrate the functions of smartwatches with the design language of classic watches. These features are supported by Alexa, a new SpO2 sensor, Bluetooth 5.0 LE, and others. Along with the smartwatch, Fossil is debuting a newly designed companion software for Fossil Smartwatches, which the firm claims offer additional features, functionality, and a better user experience.
  • February 2022 - A memorandum of understanding (MoU) was signed by the Indian Institute of Technology (IIT) Delhi and Troop Comforts Limited (TCL), a government-owned company, to create smart protective clothing for the Indian security forces. According to the MoU, IIT Delhi and TCL will research and design clothing and equipment for security personnel deployed in high-altitude regions like the Siachen Glacier, as well as apparel for ballistic weapon protection and the creation of sensor-fitted clothes.

India Smart Wearable Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Intensity of Competitive Rivalry
    • 4.2.5 Threat of Substitutes
  • 4.3 Value Chain Analysis
  • 4.4 Assessment of Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Incremental Technological Advancements Aiding the Market Growth
  • 5.2 Market Restraints
    • 5.2.1 High Cost and Data Security Concerns

6. MARKET SEGMENTATION

  • 6.1 By Product
    • 6.1.1 Smartwatches
    • 6.1.2 Head-mounted Displays
    • 6.1.3 Smart Clothing
    • 6.1.4 Ear Worn
    • 6.1.5 Fitness Trackers
    • 6.1.6 Body-worn Camera
    • 6.1.7 Exoskeleton
    • 6.1.8 Medical Devices

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Apple Inc.
    • 7.1.2 Samsung
    • 7.1.3 Google
    • 7.1.4 Xiaomi
    • 7.1.5 Nike
    • 7.1.6 Ottobock
    • 7.1.7 Cyberdyne
    • 7.1.8 Medtronic PLC
    • 7.1.9 Omron Healthcare Inc.
    • 7.1.10 Sony Corporation
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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India Smart Wearable Industry Segmentation

The India Smart Wearable Market is segmented by product (Smart Watches, Head-Mounted Displays, Smart Clothing, Ear Worn, Fitness Tracker, Body-Worn Camera, Exoskeleton, Medical Devices). 

By Product Smartwatches
Head-mounted Displays
Smart Clothing
Ear Worn
Fitness Trackers
Body-worn Camera
Exoskeleton
Medical Devices
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India Smart Wearable Market Research FAQs

What is the current India Smart Wearable Market size?

The India Smart Wearable Market is projected to register a CAGR of 23.91% during the forecast period (2025-2030)

Who are the key players in India Smart Wearable Market?

Apple Inc., Samsung Group, Google LLC, Xiaomi and Nike are the major companies operating in the India Smart Wearable Market.

What years does this India Smart Wearable Market cover?

The report covers the India Smart Wearable Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Smart Wearable Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Protein A Resin Industry Report

The report on India Smart Wearables Companies provides a comprehensive analysis of the market segmented by product. The market includes smart watches, head-mounted displays, smart clothing, ear worn devices, fitness trackers, body-worn cameras, exoskeletons, and medical devices. The report covers market share, market size, and market research, offering a detailed market report and global market insights. It includes a market analysis and market trends, highlighting market growth and industry reports. The report presents an industry analysis and market forecast, offering an industry overview and insights into market leaders.

The industry research delves into the industry outlook and industry statistics, providing industry information and industry trends. The report example and report PDF offer additional resources for understanding the market data. The market segmentation and market value are thoroughly examined, and market predictions are made based on the market review. The report also covers industry sales and industry size, providing a complete market overview and market outlook. Research companies have contributed to this report, ensuring a comprehensive understanding of the market.

India Smart Wearables Market Report Snapshots

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India Smart Wearables Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)