Indian wearable device shipments fall 11.3% to 119 mn units for CY24: IDC

India’s wearable device shipments for the calendar year 2024 fell 11.3 per cent to 119 million units. This is the first time ever that the wearable device market has declined on a year-on-year (Y-o-Y) basis.

The market also shrank for the third consecutive quarter, down 8.7 per cent to 25.9 million units in 4Q24. The average selling price (ASP) for overall wearables declined 7.1 per cent to $19.8 in 2024, after five years of double-digit decline, according to the International Data Corporation (IDC) India Monthly Wearable Device Tracker.