The domestic smartwatch market has witnessed a growth of 206%-to-year with a three-fold shipping at Q2 2021 compared to the same period last year, according to a report with counter-research.
In terms of quarter quarter numbers, Indian smartwatch delivery sees 18% growth.
According to the report, growth is basically driven by affordable offers, newcomers, changing customer preferences and recovery requests from the locking period.
The report added that there were many new launches in the sub-hospital segment, which led to its contribution to 83% in the overall market in Q2 2021, compared to 67% in Q2 2020.
As a result of this, ASP.
(The average selling price) Smartwatch also decreased by 36% in Q2 2021 compared to the same period last year.
The top performance of Q2 2021AS per report, noise is a top player in this quarter.
This grew 229% YoY to stay at the top with a market share of 27.3%.
The Colorfit Pro 2, launched in 2019, is the best-selling model and other new launches such as Colorfit Pro 3 and Noisefit Active also help brands maintain its superiority.
The noise was followed by a boat that grew 34% Qoq at Q2 2021.
The report claimed that the storm boat was the best-selling smartwatch model on the market in Q2 2021 and guaranteed more than a fifth of the market.
“Since the entry of Q4 2020, the brand quickly won second place in the Indian smartwatch market.
It also quickly closes the gap by sound with new models such as XTEND and XPlorer, which has more features,” said the report.
The third largest player in the Indian smartphone market turned out to be BOLTT API, according to the report.
It is said to have grown 243% Qoq.
This is associated with a variety of affordable segment launches, products packed features, gift programs and exclusive bonds with online retailers.
The fourth and fifth position was captured by Amazfit and Realm which grew 58% YoY and 49% YoY.
Samsung and Apple at the Indian SmartWatch Marketcounterpoint Research in the report claimed that Samsung grew 118% YoY assisted by the sale of Galaxy Watch Active 2.
As for Apple, the report claimed that it grew 34% YoY especially because serial sales were high 6 and SE.