Thanks to the steady popularity of the Galaxy Watch 3 and Watch Active 2, Samsung showed a quick recovery from last year\u2019s somewhat sluggish performance, Counterpoint said.<\/p>\n
Garmin recorded its highest shipments ever during the quarter. Among the Top 5 brands, only Huawei fell compared to the same period last year. The decline in its smartphone business seems to have affected its smartwatch sales, as the smartwatch from such a vertical player is tightly optimized with the brand\u2019s smartphones and the users\u2019 loyalty to the brand\u2019s ecosystem of offerings, the research group said.<\/p>\n
Apple Watch active user base crosses 100 million<\/strong><\/p>\n Senior analyst Sujeong Lim, said: \u201cThe smartwatch attach-rates for smartphones have been steadily rising. Apple\u2019s ecosystem is seeing a greater attach rate as the brand continues to bake in attractive designs, health features and related services around it.<\/p>\n “Apple Watch\u2019s user base crossed the 100-million mark for the first time during the quarter ended June, capturing the lion\u2019s share of the smartwatch user base globally. The US continues to be the key Apple Watch market, contributing to more than half of its user base, with an attach rate of close to 30%.\u201d<\/p>\n Highlighting the success of Apple Watch, Lim said more original equipment manufacturer<\/span><\/span>s (OEMs) have entered the smartwatch market with a relatively less advanced operating system (OS) but comparable fitness and health-related features, and stylish designs at affordable prices targeting hundreds of millions of potential users globally.<\/p>\n “The pandemic has further pushed consumers towards being more health-conscious and features such as SPO2 and heart rate monitoring have trickled down to the sub-$100 smartwatch segment. The sub-$100 smartwatch segment grew a massive 547% annually, highlighting its mass-market reach.\u201d<\/p>\n North America largest, India fastest growing market<\/strong><\/p>\n China, the second largest market after North America, grew in terms of volume but its growth rate was somewhat lower than that of other regions, and its share by region decreased. “As seen in the smartphone market, the recovery of consumer spending here after the pandemic has been slower than in other regions. Also, the space vacated by Huawei\u2013HONOR in China is yet to be filled,” Counterpoint said.<\/p>\n Senior analyst Anshika Jain, said: \u201cIndia was the smallest market in the second quarter of last year, accounting for less than 2% of the total market, but its share increased to 6% in just one year. The proliferation of sub-$100 affordable, feature-rich smartwatches from Chinese brands such as Xiaomi, realme and OPPO, and Indian brands such as boAt and Noise has been one of the key growth drivers.\u201d<\/p>\n Top-selling Smartwatches Globally, Q2 2021<\/strong><\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/08\/Counterpoint1.jpg\")
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