- Optimism of business growth in November compared to last year
- The demand for artificial intelligence related products has been the highest
The market for electronic devices has grown rapidly in the state after Corona. It has seen a rapid bounce back in October. Refrigerators, washing machines, dishwashers and microwaves have been in high demand. This time around, October saw a 40% increase over September. Electronics sales in July-August were only 20 per cent higher than in October. Showroom owners said there is a good demand for 40-inch TVs in larger devices, while demand for refrigerators with a capacity of more than 300 liters has increased. Washing machines with a capacity of more than 6 kg are also in demand.
New technology has developed the electronic market. Among the new products, the demand for Artificial Intelligence related products has been the highest. Apart from this, the voice command equipment market has grown by 70 per cent. Demand for smartwatches, smart speakers, home automation, connectivity technology and drones is also higher this year than other years. Consumers believe that the need for safety devices has increased this year. And don’t think about spending on it. For this reason, demand for electronic security devices in October was 15% higher than in the same period last year. These include smart locks, doorbells, cameras, smart smoke and carbon monoxide detectors, smart switches, dimmers, and more.
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Easy Finance became a smart band and smartwatch hot tech
According to local vendors, over time, many facilities and offers are being offered by banks in finance. Because of this people are buying more and more. Currently, the demand for health devices among the people has increased. Demand for smart bands, smart watches and oximeters has grown by 400 per cent in the last three months. Currently 40 smart watches and smart bands of average size are being sold from the showroom. Prices range from 1500 to 25,000. More than 55000 smart health bands and more than 1200 smartwatches have been sold in three months. However online shopping has outpaced offline. Because there are more offers and first copy option available online.
Electronic device sales will continue to grow at 15 per cent per annum
So far this year, more than 9 lakh electronic devices have been sold in Gujarat. It has an annual growth of 15 per cent. And despite Corona, the industry will achieve growth. This year, Rs. 1000 crore business is optimistic. About 2.5 lakh units of the device are expected to be sold in the next two months.
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Easy Finance became a smart band and smartwatch hot tech
According to local vendors, over time, many facilities and offers are being offered by banks in finance. Because of this people are buying more and more. Currently, the demand for health devices among people has increased. Demand for smart bands, smartwatches and oximeters has grown by 400 per cent in the last three months. Currently, 40 smartwatches and smart bands of average size are being sold from the showroom. Prices range from 1500 to 25,000. More than 55000 smart health bands and more than 1200 smartwatches have been sold in three months. However online shopping has outpaced offline. Because there are more offers and first copy option available online.
