In keeping with Counterpoint Analysis’s lately launched World Smartwatch Mannequin Tracker report, the smartwatch market grew by 24% in 2021, largely pushed by demand for wearables priced beneath $100. Over 40 million gadgets had been shipped within the fourth quarter alone, the very best shipments in a single quarter up to now.
In keeping with TechSpot’s report, Apple’s international market share fell by three factors in comparison with the earlier yr, however the firm nonetheless held 30.1% of the market and have become the chief on this area. If Apple had refreshed the Watch SE final yr, it might have elevated its market share much more.
Samsung managed to take the second place with 10.2% market share, surpassing Huawei. The corporate’s transfer to change to Put on OS appears to have labored to this point. Huawei, however, ranked third with a market share of seven.7%.
Counterpoint discovered that whereas shares of the North American and Chinese language markets fell barely, shipments to India and the remainder of the world greater than made up for the decline. For instance, India was liable for solely 3% of smartwatch shipments by area in 2020. Final yr, this charge elevated to roughly 10%.
Counterpoint Deputy Supervisor Sujeong Lim commented on this progress available in the market. “The nice progress of the worldwide smartwatch market in 2021 is sensible in itself, nevertheless it makes extra sense because it permits us to stay up for future progress.” made a press release.