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The worldwide smartwatch market grew in 2022, with Apple accounting for roughly half of total shipments due to sturdy gross sales of the Apple Watch Collection 8.
The newest evaluation from Counterpoint finds that Apple noticed progress of 48% year-over-year due to sturdy gross sales of the Apple Watch Collection 8 launched in September. It accounted for about 56% of total smartwatch shipments.
The corporate accounted for roughly half of the marketplace for high-level working system (HLOS) watches in quarter three of 2022. These are watches operating a high-level OS and able to putting in third-party apps.
Nonetheless, this can be a slight drop from the 54% share it noticed in quarter two of 2022 because of a hunch in North America and Europe.
Smartwatch Rankings
Samsung elevated its shipments by 62% quarter-over-quarter by launching the brand new Galaxy Watch 5 collection, whereas its market share within the HLOS section elevated by 5% quarter-over-quarter.
Globally, Samsung was in second place however with a decreased market share, down 2.5% year-over-year.
Noise grew 218% year-over-year to regain the highest spot within the Indian market, rating third within the world market. Hearth-Boltt’s market share was flat in comparison with its earlier quarter and positioned second in India behind Noise.
In fifth place globally, Huawei grew 65% year-over-year however recorded zero shipments in India for the primary time since 2018. Oat ranked sixth place because it focused the entry-level smartwatch market, just like Noise and Hearth-Boltt. It crossed two million in shipments throughout the quarter.
Lastly, Garmin’s shipments have been flat in comparison with 2021 however grew 11% in income due to its common promoting value of round $365.
India was one other success story because it rose to turn out to be the largest smartwatch market on the planet in quarter three, rising 171% year-over-year.
Nonetheless, it nonetheless ranked second place globally behind North America, which remained essentially the most distinguished market from quarter 4 of 2020 to quarter two of 2022. Smartwatch shipments for this market elevated 21% year-over-year.
Because of the continued “zero-COVID” coverage and the next financial downturn, China fell 28% year-over-year. Its market dimension decreased for the fourth consecutive quarter.
Globally, the smartwatch market grew 30% year-over-year, however this was pushed by primary smartwatches slightly than HLOS gadgets such because the Apple Watch.