Huawei recorded zero shipments in India
According to Counterpoint Research’s report, the smartwatch market shipments in the Q3 2022 increased 30% YoY.
In the third quarter of 2022, India’s market grew 171% YoY to become the biggest smartwatch market in the world.
Q3 2022 SmartWatch Market analysis
In terms of regions, India occupied the top position for the first time. Senior Analyst Anshika Jain said, “India’s smartwatch market grew 171% YoY in Q3 2022 to become the biggest market in the world. The main factor behind the record quarter was India’s festive season. Indian brands expanding their product portfolios at affordable price points and emphasis on local manufacturing also contributed to the growth. Bluetooth-calling emerged as an important feature, contributing a 58% share in total shipments, the highest ever share to date. Consumers are also preferring bigger display sizes, which is evident from the fact that over half of the total shipments in Q3 came from the 1.5”-1.69” display size.”
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