Wearable Tech Market Faces Challenges Amid Smartphone Dominance

Wearable technology is rapidly evolving, with smart glasses and health-focused biosensors gaining traction alongside traditional smartphones, which continue to dominate the market. At the Mobile World Congress in Barcelona, innovations in smart glasses showcased a significant year-on-year sales growth of 210%, although overall sales remain dwarfed by smartphones. Experts predict that advancements in biosensors, integrated with AI and IoMT, will revolutionize clinical diagnostics, allowing for non-invasive monitoring of health data. However, the Indian market faces challenges, relying heavily on imports for wearable technology components like batteries and chips, despite local manufacturers pushing for increased domestic production. Startups like Hapipola are emerging in this space, expanding their product lines to cater to the growing demand for mobile accessories and wearables. As this sector matures, the competition between established brands and new entrants is expected to intensify, driving further innovation.