A brand new analytical report right now studies that the worldwide smartwatch market registered wholesome 24% year-over-year progress in 2022, after a poor 2020 on account of COVID-19. Greater than 40 million models have been shipped within the fourth quarter alone, the very best quarterly shipments ever.
Counterpoint Analysis Affiliate Director Sujeong Lim stated: “The nice progress of the worldwide smartwatch market in 2022 is sensible in itself, however it makes extra sense as a result of it makes us look ahead to future progress. With their capacity to observe necessary well being parameters similar to blood strain, EKG and SPO2, these units have gotten more and more in style. Moreover, the attractiveness of smartwatches as unbiased wearable units will enhance as extra of them assist cellular connectivity.”
Apple maintained its strong No. 1 place with a market share of 30.1%. The ASP rose 3% with out the discharge of the SE mannequin in 2022. Apple accounted for half of the full market income.
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For stats and commentary on Apple’s competitors, learn the complete Counterpoint report.