The American company Apple topped the list of smart watch manufacturers around the world, for the second year in a row, despite the supply chain crisis.
Apple’s market share came to 30%, but it is low by 3% on an annual basis due to intense competition, especially with Samsung, which occupied 10.2% of the global smart watch market and Huawei with a 7.7% share.
In fourth place was Imoo with 5.2%, in fifth place was Amazfit with 5.1%, and in sixth place came Garmin with 4.6%.
Fitbit ranked seventh with a share of 3.8%, Xiaomi ranked eighth with 3.6%, and Noise ranked ninth with 2.6%.
The Corona pandemic caused the popularity of smart watches during the recent period, but it recorded a record growth of 24 percent year on year in 2021, according to “Counterpoint Research” data.
Only the fourth quarter of 2021 recorded shipments of more than 40 million units, the highest quarterly level of shipments ever.
Indian expansion in smart watches
The Indian smart watch market captured 3% of the global market in 2020, growing nearly 4 times last year, and its market share rising to nearly 10%.
Anshika Jain, Analyst at Counterpoint, says Noise is India’s number one smartwatch brand, which is driving the growth of the local market, due to its diversified range of products targeting budgets and mid-range segments, as well as strong partnerships with retail businesses. Electronic financial institutions and celebrities.
