Samsung and Garmin showed significant growth in smartwatch shipments with a year-on-year growth of 43 percent and 62 percent, respectively. (image credits: pixels)
The report also noted that North America is the world’s largest smartwatch market, followed by China. On the other hand, India was the fastest growing market in the last quarter
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- Last Update:August 27, 2021 at 10:49 am
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A new report by Counterpoint Research states that the global smartwatch market grew by 27 percent in the second quarter of this year compared to the same period last year. Counterpoint Research Global Smartwatch Model Tracker says Apple 1 position in terms of shipments, but saw a slight decline in its market share as compared to Q2 2020 due to increased competition from Chinese and Indian brands. samsung And Garmin Smartwatch shipments witnessed significant growth with 43 percent and 62 percent year-on-year growth respectively.
While Samsung showed a recovery from last year’s performance due to the popularity of such products samsung galaxy watch 3 and Galaxy Watch Active 2, Garmin recorded the highest ever shipments during the second quarter of 2021. Top 5 brands only Huawei Shown a declining trend as the decline in the company’s smartphone business is shifting towards other products. During the second quarter, Apple enjoyed a 28 percent market share, Huawei took a 9.3 percent market share, Samsung accounted for 7.6 percent of total smartwatch shipments, Emu took a 6 percent share, and Garmin enjoyed a 5.8 percent market share. took.
The report also noted that North America is the world’s largest smartwatch market, followed by China. On the other hand, according to the Counterpoint Research report, India emerged as the fastest growing market in the last quarter. India was the smallest market during the same quarter last year, with just 2 per cent of the total market share, but now accounts for around 6 per cent of the total market.
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