Regardless of world financial headwinds, that have critically affected smartphone gross sales, smartwatch shipments are rising. Counterpoint Analysis is reporting a cast 13 p.c annual enlargement in smartwatch shipments in Q2 2022. The smartphone marketplace declined 9 p.c all over the similar duration.
In keeping with the brand new marketplace analysis file, North The united states continues to steer the chart for region-wise cargo quantity. However the area noticed a year-on-year (YoY) decline of about 4 p.c. Its percentage within the world smartwatch marketplace additionally dropped from 31 p.c in Q2 2021 to 26 p.c this previous quarter.
North The united states isn’t the one marketplace to say no, even though. China and Europe suffered double-digit declines in cargo in Q2 2022 — 10 p.c and 13 p.c, respectively. Whilst persisted COVID-19 lockdowns and related provide chain disruptions affected the previous, the Russia-Ukraine battle used to be the offender for the latter’s decline. The 2 markets slipped to the 3rd and fourth spots, respectively.
India leapfrogged each China and Europe to 2d position. The marketplace noticed a staggering 347 p.c enlargement in smartwatch cargo in the second one quarter of this yr. India’s percentage within the world marketplace now is available in at 22 p.c, from six p.c all over the similar duration ultimate yr. Counterpoint suggests the area is seeing a large appeal towards wrist wearables. Access-level merchandise (worth beneath $50) are massively widespread within the nation, accounting for approximately 30 p.c of all gross sales between April to June 2022.
Native manufacturers force smartwatch gross sales in India in Q2 2022
The large enlargement in smartwatch gross sales in India is pushed through a couple of native manufacturers, Counterpoint studies. Fireplace-Boltt crowned the chart available in the market, leapfrogging Noise. The latter dropped to the second one spot in spite of a 298 p.c building up in cargo. Those two Indian manufacturers grew such a lot in Q2 2022 that they made it into the highest 5 within the world chart. Fireplace-Boltt is available in fourth with a percentage of 6.3 p.c, adopted through Noise at 5th with a 5.9 p.c percentage within the world marketplace.
Apple continues to be the worldwide chief in smartwatches, delivery about 8 p.c extra devices in Q2 2022 than the similar duration ultimate yr. However its marketplace percentage marginally dropped YoY from 30.6 p.c to 29.3 p.c. Samsung used to be the largest beneficiary a number of the most sensible manufacturers. It used to be immensely widespread within the top class section in India and North The united states, because of its Galaxy Watch 4 sequence. The Korean logo’s cargo grew 40 p.c globally, taking over 2d position at the back of Apple with a 9.2 p.c percentage.
Beleaguered Chinese language logo Huawei slipped to the 3rd spot however continues to steer the home marketplace. Compatriot Xiaomi additionally higher its cargo through 13 p.c YoY in Q2 2022 however its percentage within the world marketplace remained in large part the similar. Garmin and Amazfit make up the highest 8 largest smartwatch manufacturers between April to June 2022.