After affected by hardly ever any expansion in 2020 because of the COVID-19 pandemic, the smartwatch marketplace recovered with an important marketplace expansion in 2021 led by means of Apple Watch shipments.
Apple Watch Remained King of Smartwatches
Consistent with the newest Counterpoint World Smartwatch Type Tracker document, the Apple Watch once more proved its dominance within the smartwatch marketplace with a 30% marketplace percentage within the world marketplace. That is despite the fact that it fell by means of 3% YoY because of more potent festival. Curiously sufficient, the common promoting worth (ASP) of the Apple Watch rose by means of 3% since Apple didn’t free up a more recent style of the inexpensive Apple Watch SE in 2021. As a result of this, Apple were given part of the entire smartwatch marketplace earnings all the way through the yr, the document mentioned.
Following a ways at the back of the Apple Watch have been the Samsung Galaxy watches, getting most effective 10% marketplace percentage and Huawei’s smartwatch with 7.7% marketplace percentage. Different smartwatches that received important expansion of their 2021 marketplace stocks have been Amazfit, Garmin, and Huawei.
Indian Smartwatch Marketplace Boosting World Marketplace Enlargement
Regardless of Apple’s dominance within the smartwatch marketplace, it’s attention-grabbing to notice that the document highlighted the contribution of the expansion within the Indian smartwatch marketplace. It accounted for most effective 3% of the worldwide marketplace in 2020 ahead of achieving nearly 10% by means of the tip of 2021. The document attributed this expansion to the expanding approval for the Indian logo Noise smartwatch. The Noise smartwatch received reputation now not just for its capability however extra so as a result of its affordability.
Thrilling Long run for Smartwatches
Counterpoint Affiliate Director Sujeong Lim mentioned that whilst the expansion of the smartwatch marketplace in 2021 was once significant in itself, what makes it much more significant is the intense long run that lies forward.
With their skill to observe necessary well being parameters like blood drive, ECG, and SPO2, those gadgets are changing into standard. Additional, the beauty of smartwatches as impartial wearable gadgets will building up if extra of them get started supporting cell connectivity.
Possibly that’s a cue for different smartwatch producers to step up their wearables and get a hold of more recent fashions that enhance cell connectivity. To this point, the Apple Watch is the one smartwatch with a cell possibility to be had from its lineup. Relating to capability and well being options, the opposite smartwatch watches to be had available in the market were catching up with the Apple Watch as neatly.
By the way, Apple’s dominance within the smartwatch marketplace might get even more potent as many customers are already watching for the Apple Watch 8. Apple’s newest Watch collection is rumored to be introduced all the way through the September 2022 Apple match.