Overview: The global smartwatch market declined 2% YoY. The reduction was driven by decline in global brands like Apple, Samsung and the shipment decline in the leading Indian brands. However, Chinese brands including Huawei, Xiaomi, and BBK (Imoo) observed growth. China region shipments grew YoY by 37%. India and NAM region shipments declined 33% and 11% YoY, respectively. By type, basic smartwatches observed a 15% YoY decline, driven by slowdown in the India market.
Published Date: May 2025
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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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