Wearables device segment sees slower growth in March quarter but players remain bullish on outlook

The wearable device segment witnessed sluggish growth trends in the March quarter but players said they continue to have a bullish outlook. As per estimates released by IDC, India’s smart wearable device market grew by merely 2.1 per cent in March quarter (Q1 2024) year-over-year (y-o-y) to 25.6 million units after growing by double digits consecutively since Q4 2017.