Friday, March 31, 2023

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Consumer products and Retail Consumer Electronics Change in Lifestyle Coupled with Need of Health Awareness to Drive Consumer...

Change in Lifestyle Coupled with Need of Health Awareness to Drive Consumer Wearable Market in India: Ken Research

India’s consumer wearable market include electronic gadgets or technology devices which can be worn on the body as an accessory similar to part of clothing. These electronics wearable gadgets work based on connected sensors, internet connections, and Bluetooth devices  The increase in popularity of smart phones, mobile networks, mobile applications, computing, broadband connectivity and others some of the major contributors of the wearable technology devices. The demand of consumer wearable market in India is supported by the increase in disposable income, evolving urban lifestyle, stimulating the customers to spend on consumer utilities have favored the wearable technology demand. Moreover, change in lifestyle devices are also adopting new devices to track the health and fitness further reflecting in the uptake of demand for wearable devices in India.

Nowadays, consumers also prefers to use a single compact device which could possibly integrate all the key computing and monitoring requirements in a daily routine. Change in preference & lifestyle presents a substantial opportunity over the development of multi-function and hybrid wearable devices which provide ease and handiness to users. The advancement in the wearable technology further leading to provide the new business opportunities. Some of the key advantages associated to using of wearable technology includes power efficient, miniaturized sensors, innovations for the medical and automotive sectors supporting the wearable technology demand in India.

Some of the key players operating in the consumer wearable technology market are Xiaomi Inc., Apple Inc., Google Inc., Garmin Ltd., Fitbit,  Samsung Electronics Co., Ltd., Sony Corporation, Qualcomm Technologies, Inc., Nike, Inc., Lifesense Group,  Misfit, Inc. and others

The key demand for consumer wearable market is influenced by the rise in implementation, technological advancements in software & hardware components, followed by increased adoption in fitness, and healthcare. In addition to the growing concerns of obesity coupled with use of activity trackers and body monitors supporting market growth. Wearable technology further emerging as a trend that integrates electronics over the daily activities which fits into new changing lifestyles and can be worn on any part of the body. The wearable devices can measure and provide information including heartbeat monitoring, cholesterol levels, calorie intake, quality, and quantity of sleep, oxygen levels, blood pressure, as well as other information required by the body for day-to-day activities.

 The consumer market is segmented based on product type, such as smartwatch, head-mounted display, fitness trackers, body worn, camera, and medical devices. Owing to the rise in penetration rates of urbanization, demand for aesthetically appealing new featured products with ability to better serve the consumers have now increased considerably. Moreover, some new brands in India have also entered the market and set to increase the trend of true wireless devices by providing affordable prices and updated technologies.

COVID-19 Impact on Market

The use of Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) solutions are substantially contributing during COVID-19 pandemic. The present situation due outbreak of the epidemic is inspiring pharmaceutical merchants and healthcare establishments to increase their R&D investments using AI, and other new initiatives. Usage of AI and new technologies helps in reducing the operating costs, which can further increase customer satisfaction during process, claims, and other services. The use of VR/AR also assist in providing e-learning, avoiding of unnecessary travel as demand is expected to surge owing to the closure of many schools and universities.

For More Information on India’s consumer wearable market, reach out at ankur@kenresearch.com

Consumer Wearable’s in India-A Healthcare Revolution in the Making – in Conversation with Gaurav Khatri CEO, GoNoise.com

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

Future Outlook of Saudi Arabia Bags and Luggage Market: Ken Research

Buy Now 1. Growth of E-commerce, and FDI is allowing KSA to shift its focus towards non-Oil sectors and promote other sectors such as Tourism Start-ups...

Indonesia Baby Food Market Analysis, Industry Future Outlook: Ken Research

Buy Now Competition Scenario In Indonesia’s Baby Food Market Indonesia’s Baby Food Market is at a growing stage and has consolidated the market with about 10-12...

Future Outlook of Vietnam Online Grocery Market: Ken Research

Buy Now 1. 1.85% Online Grocery Penetration Rate in 2021P Provides Enormous Opportunity for the Companies to Expand in Vietnam The current penetration rate for grocery...

Most Popular

Rising fire accidents along with the growing construction of new buildings to drive the UAE Fire Safety and Rescue Tools & Products Market: Ken...

Buy Now 1. Total Number of Fire Accidents growing along with new construction projects in Dubai, 2018-2021 Being most prone to fire accidents, retail and commercial...

Future Outlook of Vietnam Medical Education Market: Ken Research

Buy Now 1. Disparity in Public & Private Universities, Expensive Course Structure and No Designated Board to conduct Exams have created disparity in the education...

Increasing public awareness as well as increase in healthcare spending by the Government is driving the Thailand Clinical Laboratory Market to reach USD ~6.0...

Buy Now Thailand Clinical Laboratory Market is in the growing stage, being driven by increasing healthcare spending by aging population, expanding healthcare spending by the...

Bahrain Remittance Market Outlook to 2027F: Ken Research

Buy Now What is the Size of Bahrain Remittance Industry? Bahrain Remittance market is growing at a CAGR of ~% in 2017-2022 and is expected to...