Canalys: wearables back to growth in Q2, smart bands losing ground
According to newly compiled Canalys report, the global smart wearable market recorded a 2% increase in shipments in Q2 2022, compared to Q1.
The total global shipments of smart wearables - basic bands and smartwatches - stood at 41.7 million units. Of them, basic watches recorded a big 46.6% increase in shipments, while smartwatches (those that have apps) score a 9.3% increase.
Basic smart bands suffered a 35.5% decline in sales, though.
Apple shipped took the lion share with 8.4 million watches shipped, or 26.4% of the market. Samsung was ahead of Huawei for second with 2.8 million units shipped, while Huawei had 2.6 million.
India's local Noise achieved a huge 382% increase in shipments for a total of 1.8 million. Noise, Fire-Boltt, and boAT have found repeated success, achieving about 1 million shipments per quarter.
This increase in sales helped India to record its highest ever market share and become the world's largest market in Q2 2022 with 15%.
Reader comments
- LoneOwl
- 3Aq
Smartbands are losing ground because a)they are all the same,older and newer models. b)they are getting constant price increase, which makes them less good options compared to the cheaper smartwatches.
- Anonymous
- xq5
I use Mi Band 6. It is very basic but cool. I don't use many things. Just check the clock check my steps check my kalories and control my music playing my phone. Will buy Mi Band 7 Pro to get bigger screen. But in the future will buy a Samsung ...
- RealLifePhones
- 0}B
smart band market is mostly ODM which means there are a few manufacturers and every company can buy blank devices in bulk and put their brand on it. That's how most chinese brands do it and that's why they mostly have identical specs.
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