smartwatch market: India smartwatch market sees file shipments in Q3 with 159% development: Report – Instances of India

The smartwatch market in India witnessed a file cargo of gadgets in Q3, led by manufacturers like Noise and Boat, amounting to a development fee of 159% within the third quarter, as per a report by Counterpoint Analysis. As for the year-over-year (YoY) development, the market jumped by 293%, with the home manufacturers contributing to 75% of the gross sales in Q3, in comparison with 38% in Q3 2020.
Noise retained the highest spot for the fifth consecutive quarter. Boat got here in second with Boat Storm remaining the preferred mannequin. Fireplace-Boltt acquired the third spot and have become the quickest rising smartwatch model this quarter with a QoQ development of 394%.
As per the report, the spurt in development of the smartwatch market might be attributed to “promotions throughout varied platforms together with new launches, which contributed to round 28% of the full market when it comes to shipments.”
Noise noticed a 231% YoY and 141% QoQ development in Q3 2021, capturing 25% of the market whereas Boat grew 132% QoQ with 24% market share.
The efficiency of Realme, Amazfit, Samsung and Apple
Coming to the opposite manufacturers. Realme registered 267% QoQ development in Q3 2021, and took the fourth spot available in the market with a 7% share. The Watch 2 sequence by the corporate proved to be well-liked and contributed to greater than 70% of firm’s shipments.
Apple noticed 289% QoQ development this quarter with the Watch SE sequence contributing essentially the most.
Amazfit noticed a development of 54% QoQ with the GTS 2 Mini being its hottest product this quarter. Samsung grew 153% QoQ and 40% YoY this quarter with the Galaxy Watch Energetic 2 contributing to greater than half of Samsung’s shipments in Q3 2021.

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