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WEARABLES AND HEARABLES MARKET
Apple to begin airpods production for exports at Foxconn's Hyderabad plant from AprilApple is set to commence the production of AirPods for export at its Foxconn facility in Hyderabad starting April 2024. This move follows t...- Predictions for 2024: Hear this! Wearables are poised for a boom timeIndia's electronics manufacturing saw a 24% surge in 2023, generating $18 billion in revenue. The hearables and wearables industry, driven ...
- Latest Diwali Dhamaka: Top homegrown wearable brands seeing stellar growth this festive seasonLeader in the audio category, boAt has recorded high double-digit growth during the August to October period. Co-founder Sameer Mehta said ...
- Zetwerk to make IT hardware, EV components in new forayZetwerk, which became a unicorn in 2021, is looking to invest more than Rs 1,000 crore into its consumer electronics business over the next...
- Realme is looking to expand localisation efforts in India, says Founder Sky LiChinese smartphone brand Realme plans to expand its local manufacturing in India by collaborating with domestic contract manufacturers and ...
- Electronic wearables production in India reaches Rs 8,000 crore in FY23In FY24, the industry is hopeful of doubling production to ₹15,000-17,000 crore, according to data shared with the government.
- IT salary hikes expected to trim down to 8-10% in FY24; PhonePe’s commerce app Pincode goes liveA year after IT companies saw employee costs soaring along with the great resignation wave, salary hikes for employees are expected to cool...
- More wearables, hearables get India-made printed circuit boardsThe wearables segment has seen rapid growth, clocking 46.9% year-on-year growth in 2022 as shipments reached 100 million, as per IDC India.
- Prime Minister's vision for 2023 is mobile phone exports of Rs 1 lakh crore, says IT minister R ChandrasekharThe minister in an interview with PTI said that the government will take all the measures that are required for boosting the electronics ma...
- Bulk of wearables, hearables' India demand met from local assembly, but value addition minimal: AnalystsThe wearables segment is expected to hit shipments of 100 million units worth $3.1 billion in 2022, and grow to 140 million units and $3.6 ...
- Locally manufactured 1 mln units of various products in Q1FY23: BoatBoat said it has manufactured a record one million units of truly wireless earbuds, wireless headphones, power banks and charging cables in...
- Smart wearables demand rising despite inflationSmartwatches grew at a record 173% on-year in the first quarter of 2022, while the wireless earbuds category surged by 66% on-year during t...
- A $300-billion electronic manufacturing powerhouse: Has the Budget done enough?For a sector that aspires to be a $300-billion electronics manufacturing powerhouse by 2026, the measures seemed to be in sync with such am...
- Mobile prices may not dip despite some customs concessions say analysts"The reduction in BCD (basic customs duty) on some components will give OEMs some cushion to offset increasing price of some key components...
- Concessions in customs duty to electronics manufacturing"Duty concessions being given to promote electronics manufacturing, wearables and hearables devices included. Duty concessions to parts of ...
- Prices of imported wireless hearable products to go up from next fiscalFor imported wireless hearable products, the basic custom duty has been increased from 15% to 20%. On wireless hearable components, the dut...
- India wearables market grows 144% to 36.4 million units in 2020; 3rd largest globally: IDCOctober-December 2020 period was the biggest quarter for the wearables category in the country, maintaining triple-digit growth.
- Noise appoints Nicobar Design’s Utsav Malhotra as COOAs Noise COO, Utsav Malhotra will play a pivotal role in formulating and executing strategic initiatives, vision and developing a roadmap f...
- Wearable tech set to become a $54 billion industry by 2023: GlobalDataThe growing consumer market, enterprise adoption of wearable tech is increasing, thanks to activity in the healthcare, logistics, insurance...
- Global wearables market grows by 67.2 percent in January-March: ReportGlobal shipments of wearables like fitness trackers and smart watches grew by 67.2 per cent to 19.7 million units in the first quarter of 2...
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