World Smartwatch Shipments Rose by 12 P.c YoY in 2022; Noise, Hearth-Boltt in Prime 5: Counterpoint Analysis
World smartwatch shipments reportedly elevated by 12 % year-on-year (YoY) in 2022. The smartwatch market noticed sturdy YoY development within the first three quarters of the yr, in response to a survey carried out by Counterpoint Analysis. Whereas Apple topped the worldwide smartwatch shipments in 2022 with a 34.1 % share of the pie, Samsung and Huawei have been in second and third spots with 9.Eight and 6.7 % cargo share, respectively. Indian manufacturers Noise and Hearth-Boltt have additionally grabbed spots within the prime 5 smartwatch corporations with the very best cargo share.
In line with the report revealed by Counterpoint Analysis, world smartwatch shipments rose by 12 % year-on-year in 2022. Smartwatch shipments noticed a major enhance YoY within the first three quarters of final yr, whereas they declined by two % within the fourth quarter.
Moreover, the smartwatch market in India greater than doubled in comparison with 2021, displaying regular development till Q3 2022. Nonetheless, within the fourth quarter, it fell 36 % QoQ. A Senior Analyst on the agency cited the stocking up of inventories by the companies for the festive season as the explanation behind the autumn in shipments in This fall.
In line with the survey, Apple is main smartwatch shipments by 34.1 % of the market share. Samsung and Huwaei contribute 9.Eight and 6.7 % of shipments. Indian smartwatch manufacturers Noise and Hearth-Boltt have additionally grabbed the spot within the prime 5 smartwatch corporations with the very best cargo share. They account for over 5 % smartwatch shipments every. The 2 manufacturers displaced Imoo and Amazfit from the fourth and fifth spots, respectively.
Apple noticed sturdy demand for its Apple Watch Extremely, Apple Watch Sequence 8, and Apple Watch SE 2022 fashions with an total enhance of 17 % in smartwatch shipments in 2022 in comparison with 2021. The corporate’s annual shipments elevated by 50 million for the primary time, accounting for about 60 % of the worldwide smartwatch market income, stated the report. Samsung’s 2022 shipments, alternatively, elevated round 12 % year-on-year in 2022, however the income elevated by solely 0.5 %.
Huawei’s market share fell by 1 % YoY, however income elevated by 20 %. Fitbit and Xiaomi fell to tenth and eleventh spots, respectively, from seventh and eighth the earlier yr on the listing of smartwatch corporations with the very best cargo share in 2022.
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