Best Selling Smartwatch Companies in India in the Year 2023

In India, people tend to buy more smartwatches rather than traditional watches. This article will provide a brief overview of companies in India that sell affordable smartwatches with advanced features, as people in India tend to purchase more smartwatches than traditional watches due to the increased functionality they offer.

Due to the increasing demand for smartwatches in India, many global brands are offering their products with competitive prices and advanced features. This article will focus on exploring companies in India that are selected based on their brand value, past sales, pricing segments, and features.

According to the Times of India, India has the highest market share of smartwatches at 30%, compared to any other country. Furthermore, sales in India surged by 171% in 2022. The government of India is also providing support to these companies by creating policy frameworks that enable their growth.

The Top 10 Smartwatch Companies Are:

1. Fire-Boltt
2. MI
3. Amazfit
4. Honor
5. Samsung
6. Noise 
7. boAt
8. Fitbit
9. Oneplus
10. Fastrack 

According to the Times of India, these companies are selling a significant number of smartwatches in India and hold a majority of the market share. Their success can be attributed to their ability to offer decent features in the low-price segment. 

These companies offer smartwatches that are priced between Rs. 2,000 and Rs. 5,000, which are highly sought after by Indian consumers. In the following sections, we will explore these companies in detail to help you choose the right smartwatch for your needs.

The Best Smartwatch Companies in India Are:

India’s smartwatch market is growing by 300% according to the economic times, and it is growing year by year and has overtaken china to get the second spot, and most of the share is held by Fire-Boltt which is around 6.3%.

The growth has started rising from the pandemic period; from being in the last spot of smartwatch exportations, India has become the country with the most smartwatch exportation since people are shifting to smartwatches from traditional watches.

1. Fire-Boltt

Fire-Boltt is the best company in India, which alone holds 6.3% of the market share and is the highest among the other brands. The CEO of this company Arnav Kishore is planning to produce all smartwatches in India.

Last year they made a profit of around Rs. 500 crores and expect to increase it up to Rs. 2400 crores by the end of 2023, according to the economic times. This brand sells its smartwatches at the price of Rs. 2,000 to Rs. 10,000.

This brand provides features like GPS, Bluetooth, Health and SPO2 monitor, and sleep tracker, with decent accuracy, and the most advanced product of this brand is the watch Fire-Boltt Invincible smartwatch which costs around Rs. 6000.

3. MI 

The Xiaomi Redmi was one of the major companies holding the most smartphone market share in India, and it is the first company which introduces its smart bands among the other brands. This brand provides its best features at low prices.

Lei Jun is the CEO of this smartwatch brand and has planned to increase their sales in India by overtaking other brands, making around Rs. 450 crores in profit in the last year according to the Times of India by selling their fitness bands.

Honor is planning to integrate their smartwatch with their smartphones to enhance performance, similar to the strategy adopted by Apple. Their best-performing smartwatch is the Xiaomi Watch S1 Active and Pro, priced at approximately Rs. 13,000.

The pricing of this brand ranges from Rs. 3,000 to Rs. 15,000 and provides the best features like Heart and SPO2 monitoring, Bluetooth calling, Water resistance, etc.

3. Amazfit 

Amazfit is the brand of the company Huami which has entered the Indian market and has gained better results because of its advanced features at less pricing and planning to expand its product sales. Amazfit made over 46% of profit growth last year.

Amazfit also makes products related to sports, and health, the CEO Huang Wang preparing to increase their growth in the year 2023 by providing competitive prices products in significant pricing that every Indian can afford. 

Their products range from Rs. 3,000 to 22,000 with features like Bluetooth calling, Scratch and Water resistance, Health and sleep monitoring, etc. Their best product is Amazfit GTR 5, and costs around Rs. 22,000.

4. Honor

Honor is a widely recognized company in the smartphone industry, and they have recently expanded into smartwatch production. They have a large customer base that utilizes their services and products, which are highly regarded in the market.

Zhao Ming is the CEO of Honor, who is planning to expand its products in India since the Indian people love it. They are preparing to launch new smartwatches with the best features and affordable prices.

Their smartwatches range from Rs 4,000 to Rs 18,000. Their best features are 4G supports, Bluetooth calling, specially designed watches for children, heart rate and GPS sensors, etc.

The best wearable product of Honor is Honor Watch GS pro smartwatch, which costs around Rs. 18,000 and has the best built-in features.

5. Samsung 

Samsung is a globally renowned company that is respected for offering advanced products that compete with Apple. Their products are widely used and highly regarded due to their combination of affordable pricing and advanced features.

This smartwatch is the first choice of every Samsung user because of its Apple-like integration into their watch and smartphone. The COE JB Park focuses on establishing their production in India which can increase its profit.

According to the Economic Times, these companies have expanded their market share by 5% over the past year, offering the most advanced features after Apple. Their products are priced between Rs. 17,000 to Rs. 50,000, and they offer the most advanced smartwatch, the Samsung Galaxy Watch.

6. Noise

Noise is an Indian-origin company founded by Amit and Gaurav Khatri, it is one of the leading electronic products in India. Their smartphone comes with advanced features like Meditation breathing, Health and SPO2 monitoring, voice recording, and a music player.

The CEO of this company tried to catch more market share by introducing new products every year and made a profit of Rs. 885 crores in the year 2022 which is the highest among the other brands.

Their products are priced between Rs. 2,000 to 5,000, making them accessible to every Indian and contributing to their success in the market. One of their top-performing products is the Noisefit Evolve 4 smartwatch, which is priced at approximately Rs. 5,000.

7. boAt

The boAt company holds a major share in the Indian market, and they offer products like wearables, headphones, and many electronic gadgets. They have made an estimated profit of Rs. 2,873 crores in the year 2022 according to the Times of India.

Their products range from the price of Rs. 1,000 to 4,000.

The CEO of boAt Aman Gupta is a strategist who is planning to surpass all the other brands to make his company at the top in India by providing his products at competitive prices and advanced features, He has targeted every common person in India to sell his products.

Their every product is easily affordable, so they are making a profit more than the other brands in India. They offer features like GPS, Heart-rate sensor, Bluetooth calling, etc, in their smartwatches and their best product is boAt watch blaze smartwatch which costs around Rs. 1,800.

8. Fitbit

The company offers the most stylish products among the other companies, their products are well designed and have smooth UI, and working processors. It is a company supported by Google and naked over billions of profits every year.

Their products are rich in features because of Google’s advanced technology. They offer super advanced and accurate features of heart rate sensing, Bluetooth calling, GPS, and fitness features. 

This smartwatch can be a good alternative to Apple watches in affordable pricing and advanced features. 

Their products range from Rs. 10,000 to 25,000 and the best product they have is the Fitbit sense 2 smartwatch which is super feature rich.

9. Oneplus

Oneplus is recognized as one of the best companies that users love and has rich features and the best products among the other brands. They offer the best smartphones and smartwatches which are rich in features.

Oneplus holds the major market share in India following FireBoltt and making a profit of around 46% in the year 2022 and holds a 49% global share in wearable products. The products of Oneplus range from Rs. 5,000 to Rs. 20,000 according to Stats India. 

They offer rich features like Bluetooth calling, 4G LTE support, special edition watches, the best sensors, and GPS. The most advanced featured product they have is a Oneplus watch Cobal limited edition which costs around Rs. 20,000.

10. Fastrack 

Fastrack is a well-known brand in India for wearables, every Indian has used its traditional watches in the past, but due to the highest demand for smartwatches, they have shifted their production to smartwatches.

The first product of the Fastrack was a fitness band with less future but today they have the most advanced watches which are competitive in less price segment. Their products range from Rs. 2,500 to Rs. 7,000.

This company offers significant features like Bluetooth calling, Heart rate monitor, SPO2, and sleep monitor, and their best product is Fastrack reflex play plus smartwatch which costs around Rs. 7,000.

FAQs

1. Which Are the Top 5 Smartwatch Companies?

The top 5 smartwatch companies are:

1. Fire-Boltt
2. MI
3. Amazfit
4. Honor
5. Samsung

These are the top 5 companies in the Indian market selling having the major market share, and the people in India highly purchase products.

2. Which is the Best Smartwatch Company in India?

FireBoltt is the best smartwatch company in India which alone holds 6.3% of the market share, and it is the highest among the other brands. It has generated a profit of over Rs. 500 crores, because of its competitive pricing, and features.

3. Why is Apple the Best Smartwatch Company?

Apple watches are proven best in the world because of their highly advanced features, but their pricing increases due to the high-quality materials they used in their products and the features. The Apple Watch has saved the lives of many people by having the most advanced sensors.

4. Does India Have the Highest Share of Smartwatches?

Yes, India is one of the countries with the highest market share of smartwatches among the other countries, recently India acquired the second spot in the share market by overtaking China.

5. Which Oneplus Watch is Best to Buy?

The products of Oneplus range from Rs. 5,000 to Rs. 20,000 according to Stats India, and they offer rich features like Bluetooth calling, 4G LTE support, special edition watches, the best sensors, and GPS. The most advanced featured product they have is a Oneplus watch Cobal limited edition which costs around Rs. 20,000.

Conclusion

These companies hold a significant market value and share in the Indian smartwatch market, offering the best products available. Moreover, their competitive pricing makes their offerings affordable for every Indian consumer.

These companies generate significant profits by selling their products in India, and many are shifting their production to the country to reduce costs and offer their products at lower prices to customers.