India has already surpassed the United States and China in terms of market size and will remain the largest market going forward thanks to the breadth of low-cost yet feature-rich devices from local vendors," IDC research manager Jitesh Ubrani said in a report. India's fast growth - estimated up to 35% in 2023 by IDC and around 56% by Counterpoint - will enable the global shipments of wearables to rebound after declining for the first time ever in 2022. Of the total 504.1 million units of wearables forecast to be shipped worldwide this year, India is expected to account for 130-135 million, or around 26%, as per market research firm IDC India. (ICE NEW DELHI)

Fonte notizia: The Economic Times