Overview:
Global smartwatch shipments declined by 9% YoY in Q3 2024. This marks the third consecutive quarter of YoY decline in global smartwatch shipments, likely due to a significant slowdown in the growth of India's once-booming local smartwatch brands. Apple shipments declined YoY while Huawei achieved its best-ever quarterly results in Q3 2024. The Global smartwatch revenues grew YoY, driven by the launches from the major brands including Apple, Samsung, and Google. Samsung expanded their line up with high priced Galaxy Watch Ultra model to compete with Apple Watch Ultra.
Table of Contents:
- Smartwatch Shipments Trends
o By Device Type
o By OEM
o By Region
o By Price Band - Smartwatch Spec Analysis
o Operating System
o Chipset
o Display Type - Smartwatch Latest Trends
- Smartwatch Chipset Market Analysis
- Smartwatch Market Forecast
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Author
Balbir Singh
Balbir Singh is a Global Smartwatch and India Hearables market analyst and consultant, specializing in the evaluation and assessment of leading market players' performance, market trends, and strategies. Leveraging his extensive expertise in trend analysis, he delivers in-depth insights, strategic analysis and industry forecasts. Before joining Counterpoint, Balbir served as an Knowledge Management Associate in ZS Associates. He holds a Masters degree in Pharmaceutical Sciences.
Anshika Jain
Anshika is a Senior Analyst at Counterpoint Research with over 13 years of experience in market research and business intelligence. She currently leads the Global Consumer IoT domain, focusing on wearables, hearables, smart home, and emerging technologies. Previously, she managed various research and consulting projects across sectors such as BFSI and Telecom. Additionally, she has significant client-handling experience with major multinational companies. Anshika holds an MBA in Finance from IMT Ghaziabad and a Bachelor’s degree in Economics from Hansraj College, Delhi University.
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