The Indian SmartWatch market sees a record of growth of more than 274% YoY in 2021 shipping, according to reports with rival research.
Furthermore, with qoq growth of more than 8%, Q4 2021 became the biggest quarter in the market.
The domestic brand noise led the market in 2021 with 27% share and more than 278% yoy growth.
The report includes these factors as the main reason behind the noise to become a market leader: “Portfolio expansion on a lower price point, emphasis on community development, product design according to preferences supported by strong consumer databases, and alliances and partnerships new”.
According to the report, Colorfit Pro 2 remains the most popular smartwatch of noise.
The brand has 4 of the smart watches in the top 10 models 2021.
While the noise emerged as a market leader, the ship captured the second place with a market share of 26% with a storm as the best-selling smartwatch.
The boat is actually a market leader at Q4 2021Fire Boltt taking third place, with more than 20 smartwatch models across price points.
Realme got fourth place with a growth of 23% YoY in 2021, while Amazfit rounded from the top five with a growth of 65% YoY.
Wristers accounted for around 30% of total realm sales.
Amazfit, according to the report “lead the market in the price ribbon INR 10,000 – INR 15,000 with more than a third of the total shipping.” When it comes to Samsung, the Galaxy Watch Active 2 remains the most popular model and assisted by Active 2 brand watch sales capable of growing more than 2x in 2021.
The Galaxy Watch 4 Series also contributes to more than 16%.
Total shipment.
“Apple remained flat in 2021 with Watch SE accounted for around 44% of total volume.
The refreshing 7 series line-up sees a good start with the delivery that crosses 100,000 units in Q4 2021″, adding the report.
Dizo entered the top 10 smartwatch brands, riding the success of the budget smartwatch.
Dizo Watch 2 appears as the most popular of brands.