Smartwatch market grew 24% in 2021, ending with strongest This autumn ever
In transient: The smartwatch market grew 24 % in 2021 thanks largely to demand for sub-$100 wearables based on Counterpoint Research’s lately revealed Global Smartwatch Model Tracker. Over 40 million models shipped within the fourth quarter alone, marking the very best variety of shipments recorded in a single quarter so far.
The analysis agency famous that shipments barely budged in 2020 because of Covid-19 however rebounded considerably final 12 months.
Apple’s world market share fell three factors 12 months over 12 months, however the firm nonetheless completed in first with 30.1 % of the market. Had Apple refreshed its Watch SE final 12 months, it probably might have stretched its lead even additional.
Samsung overtook Huawei for second place and managed to complete with a ten.2 % market share. The firm’s transfer to Wear OS has confirmed clever so far. Huawei made the rostrum in third place with a 7.7 % share.
Counterpoint discovered that whereas the North American and Chinese markets noticed their shares slip barely, shipments in India and the remainder of the world greater than made up for it. India, for instance, accounted for simply three % of smartwatch shipments by area in 2020. Last 12 months, that determine climbed to almost 10 %.
“The world smartwatch market’s good progress in 2021 is significant in itself, however it’s extra significant in that it makes us sit up for future progress,” stated Sujeong Lim, affiliate director at Counterpoint.
“With their potential to observe vital well being parameters like blood stress, ECG and SPO2, these units have gotten common. Further, the attractiveness of smartwatches as unbiased wearable units will improve if extra of them begin supporting mobile connectivity,” Lim added.
Image credit score Daniel Romero