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Global smartwatch market reaches 127.5 mn units in 2021: Report

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New Delhi, March 4 (IANS) The global smartwatch market reached 127.5 million units in 2021, with shipments of 42.4 million in the fourth quarter, says a new report.

According to market research firm Counterpoint, while Apple’s Watch 7 series launch had been delayed to the fourth quarter, Samsung has boosted its market position in 2021 with the successful launch of the Galaxy Watch 4 series.

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“The smartwatch market still has room to grow and shipments are yet centered around advanced markets such as North America and Europe,” the company said in a statement.

“The Indian smartwatch market was similar in size to MEA or LATAM in 2020, but recorded explosive growth of four times in 2021, achieving a share of close to 10 per cent,” it added.

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With the popularity of the Apple Watch, Watch OS holds almost a third of the market.

The biggest change in 2021 in terms of smartwatch OS is Samsung’s move from Tizen to Wear OS. As a result, Google’s Wear OS has increased its share from 3 per cent in 2020 to 10 per cent in 2021.

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The report said that China is the largest market for kids’ smartwatches, and this has helped it rank second in regional markets just behind North America in 2021.

–IANS

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