Indian brands dominate smartwatch market, most smartwatches shipped in 2021 – report

Highlights

New Delhi. The smart watch market in India has grown tremendously. This information comes from a new report by Counterpoint Research. An interesting thing has come to light according to the data given in this report. The report states that only three companies hold 75% share of the smartwatch market. Most importantly, these are all Indian companies. These include Noise, BoAt and Fire-Bolt, which shipped the country’s smartest watches in Q3, 2021.

The brand new standard will be available in the refurbished smartphone, keep these things in mind before buying
Dominance of Indian companies

Each company, individually, accounts for 25% of the total market share. It is growing at 231% year on year. In terms of total shipments, the company accounted for 43% of the new smartwatches.

BoAt has almost the same market share as Noise. The company has a market share of 24%. BoAt Storm has been largely responsible for this. Only this smartwatch has gained 17% share in the entire smartwatch market. This is nothing short of a success. We tell you that boAt has become a market leader in the Rs 2,500 to Rs 3,000 segment.

Speaking of Fire-Boltt, the company posted a 394% quarterly growth to become the fastest growing smartwatch maker. It launched 7 new smartwatches this quarter and registered a market share of 17%. The company led in the segment priced at Rs 2,000 and below.

Have you also overlooked software updates in Android phones? Know its disadvantages.
Since then, Samsung, Apple and OnePlus have taken positions. All of these significantly increased the market during the quarter. Thanks to the Apple Watch SE, Apple captured market share with a price tag of Rs. 20,000 and above. OnePlus, on the other hand, led the Rs 10,000 to Rs 15,000 segment with the OnePlus Watch.

These figures show that smart watches are gaining popularity in the country. Not surprisingly, the Budget Smart Watch segment is at the forefront of the market in terms of volume. Domestic players, with good value products, are seeing this kind of reaction in the market.

Recent Articles

Sanak Movie Review: Action-packed Vidyut Jammwal’s ‘Sanak

Vidyut Jammwal is one of them. He is known as the Rambo of India and no film of his is complete without packing his punch....

  - Dec. 4, 2021
Sooryavanshi Weekend BO Collection: ‘Sooryavanshi’ got a bang

The film earned Rs 24 crore on Saturday and Rs 27.50 crore on Sunday. In this way, the total weekend collection of the film ‘Sooryavanshi’ has been Rs 77.50 crore...

  - Dec. 4, 2021
Chunky Pandey’s brother Chikki Pandey was summoned by Mumbai Police

Chikki Pandey has told his helplessness and has said that he is currently battling Corona and in such a situation he is unable to reach there at the moment....

  - Dec. 4, 2021
Shweta Tiwari dances with daughter Pulk on song ‘Bijli Bijli’

Popular TV actress Shweta Tiwari and her daughter Pulk Tiwari are very active on social media. The two often share their photos and videos. Shweta Tiwari...

  - Dec. 4, 2021
So far no law has been enacted to abuse celebrities: Yuvika

Yuvika Chaudhary, who has acted in films like ‘Om Shanti Om’ and ‘To Baat Paka’, is currently discussing her new film Shabana which will be released on OTT...

  - Dec. 4, 2021
Aryan drug case: Witness Prabhakar’s lawyer says transaction

Khandare said, “Sam D’Souza has never denied that any payment has been made. He acknowledged that the payment had been made....

  - Dec. 4, 2021
Biopic to be made on famous dancer Sitara Devi, announced

The film will be produced by Raj C Anand of Raj Anand Movies. Sitara Devi’s son and music composer Ranjit Barot will contribute to the making of this...

  - Dec. 4, 2021


^