Raphael ThysAn Afference Phantom neuro-haptic glove, the only wearable neural interface which creates tactile sensation in the fingers, for use with mixed-reality and augmented-reality systems, is displayed at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 10, 2024.
With the rapidly evolving landscape of wearable technology, 2024 is poised to be a watershed year, ushering in a new era of innovation, accessibility, and heightened user experiences. India had already become a leading market for smartwatches in 2022, showcasing a growth of 167% year-on-year, while the global market grew at 30%. Similar trends have been continuing in CY23 as well.
Apart from smartwatches, the Indian TWS market has also seen constant growth, with Indian brands leading the conversation.
As we begin 2024, with high hopes of increasing penetration of Indian brands, here are some of the key factors that I feel would drive the wearable industry.