NS smartwatch market India witnessed record shipments of devices led by brands like Q3 Noise And boatThat equates to a growth rate of 159% in the third quarter, according to a report by Counterpoint Research. For year-on-year (YoY) growth, the market grew by 293%, with domestic brands contributing 75% of sales in Q3 as compared to 38% in Q3 2020.
Noyze retained the top spot for the fifth consecutive quarter. Boat Storm finished second with the most popular model. fire-bolt Ranked third and became the fastest growing smartwatch brand with a QoQ growth of 394% in the quarter.
According to the report, the acceleration in the growth of the smartwatch market can be attributed to “new launches as well as promotions on various platforms, which contributed to around 28% of the total market in terms of shipments.”
Shore witnessed 231% YoY and 141% QoQ growth in Q3 2021, capturing 25% of the market, while Boat grew 132% QoQ with 24% market share.
performance of realme, amazfit, samsung And Apple
Coming to other brands. Realme posted 267% QoQ growth in Q3 2021, and secured the fourth position in the market with a 7% share. The Watch 2 series by the company proved to be popular and contributed to over 70% of the company’s shipments.
Apple saw 289% QoQ growth in the quarter, with the Watch SE series contributing the most.
Amazfit saw a 54% increase in QoQ in the quarter with the GTS 2 Mini being the most popular product. Samsung grew 153% QoQ and 40% YoY in the quarter, with the Galaxy Watch Active 2 contributing to more than half of Samsung’s shipments in Q3 2021.
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