Xiaomi has left behind Samsung and Motorola to become India’s top wearable vendor

Thanks to its flagship affordable fitness tracker Mi Band, Xiaomi has become the top player in India’s wearable market with a 27.1% market share in the first quarter of 2016. In the list, it is followed by GOQii and Fitbit, as per data from research firm International Data Corporation (IDC), with 18.1% and 6.2%, respectively.

The list ranks Korean smartphone maker Samsung at the fourth place with a 2.5% market share.

Xiaomi and GOQii have together contributed over 45% share in the Indian wearable market, even as Fitbit had the maximum market value share.

The smart wearables segment is yet to gain momentum in the market because of the higher price; however, there is some scope since Intex has recently launched Fitrist and Xiaomi is also going to launch Mi Band 2, at affordable prices.

The expected launch of affordable smartwatches in the latter half of the year could also result in a rapid growth in the share of smart devices.

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