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The worldwide smartwatch market grew in 2022, with Apple accounting for roughly half of general shipments because of sturdy gross sales of the Apple Watch Collection 8.
The most recent evaluation from Counterpoint finds that Apple noticed progress of 48% year-over-year because of sturdy gross sales of the Apple Watch Collection 8 launched in September. It accounted for about 56% of general 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, it is a slight drop from the 54% share it noticed in quarter two of 2022 because of a droop 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 phase 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, much like Noise and Hearth-Boltt. It crossed two million in shipments through the quarter.
Lastly, Garmin’s shipments have been flat in comparison with 2021 however grew 11% in income because of its common promoting value of round $365.
India was one other success story because it rose to grow to be the most important smartwatch market on the earth in quarter three, rising 171% year-over-year.
Nonetheless, it nonetheless ranked second place globally behind North America, which remained essentially the most outstanding 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 following 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 fundamental smartwatches relatively than HLOS units such because the Apple Watch.