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Scooped by
Richard Platt
onto Wearable Tech and the Internet of Things (Iot) June 17, 2022 1:09 PM
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Excellent wrap up of the Smartwatch Market by CounterPoint. Smartwatch Market Share by Brand: The global smartwatch market grew 13% YoY, reaching shipments at 33.7 million units in Q1 2022 and continued double-digit growth for the 5th consecutive quarter. Apple maintained a solid lead and increased 14% YoY in Q1 2022. Some shipments carried over to Q1 2022 due to a month late launch of Apple Watch 7, which helped continue the strength of the brand.
Smartwatch Market Share by Region: While most major regions grew YoY, only Europe recorded flat growth. Although Apple and Samsung continued to grow year-over-year, other major brands such as Garmin and Fitbit performed weakly in the European market during this period.