July 3, 2022

The worldwide smartwatch marketplace recorded a wholesome 24 in line with cent (on-year) enlargement in 2021 owing to robust call for for sub-$100 smartwatches, and Apple maintained its best place with a 30 in line with cent marketplace proportion, a brand new file confirmed on Monday.

The fourth quarter on my own noticed shipments of greater than 40 million gadgets, the perfect quarterly shipments ever, in keeping with Counterpoint Analysis.

“With their skill to watch essential well being parameters like blood power, ECG and SPO2, those gadgets are changing into in style. Additional, the beauty of smartwatches as unbiased wearable gadgets will building up if extra of them get started supporting cell connectivity,” mentioned Sujeong Lim, affiliate director.

Apple’s marketplace proportion, then again, fell 3 in line with cent (on-year) because of intensified festival. Alternatively, its ASP (reasonable promoting value) rose 3 in line with cent with out the discharge of the iPhone SE style in 2021.

In consequence, Apple accounted for part of the full marketplace income.

Samsung used to be one of the vital a hit smartwatch unique apparatus producers (OEMs) in 2021. Its on-quarter enlargement used to be greater than 200 in line with cent within the 3rd quarter to file the emblem’s very best shipments ever.

“This enlargement retained power till the closing quarter. Transferring to Put on OS via a partnership with Google has labored neatly for the emblem in some ways,” the file famous.

Garmin carried out higher than anticipated in 2021. The corporate had to start with fascinated by introducing high-priced smartwatches for particular classes like aviation and divers.

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“It’s steadily moving center of attention to bringing sexy shopper merchandise from value and design point of view. In consequence, it confirmed 35 in line with cent (on-year) enlargement and took 6th position through elevating its international rating through one position,” the file knowledgeable.

One of the vital riding forces in the back of the expansion of the worldwide smartwatch marketplace in 2021 used to be the growth of the Indian marketplace.

The Indian smartwatch marketplace accounted for handiest 3 in line with cent of the worldwide marketplace in 2020, but it surely grew 4 occasions in 2021 to lift its international marketplace proportion to with reference to 10 in line with cent.

“Noise is the No. 1 Indian smartwatch logo and leads the expansion of the native marketplace. It captured the highest place in 2021 because of its numerous product portfolio concentrated on the finances and mid segments, in addition to robust partnerships with e-commerce avid gamers, monetary establishments and celebrities, mentioned senior analysis analyst Anshika Jain.

(With inputs from IANS)

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Revealed on: Monday, March 14, 2022, 09:05 PM IST