In the third quarter of this year, the global smartwatch market grew by 30% year-on-year, with local brands making India the largest smartwatch market. Samsung retained the second place worldwide behind Applema thanks to the new series Galaxy Watch5 enjoyed an increase in quarterly deliveries. This was reported by an analytical company Counterpoint Research.
Samsung's share of the global smartwatch market increased by five percentage points quarter-on-quarter, according to Counterpoint. In the July-September period, the company saw a 62% increase in global shipments of smartwatches. In India, which has now become the largest market for smartwatches, the Korean giant's shipments grew by 6% year-on-year, but its market share there fell below 3%.
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At the end of the third quarter, Samsung's smartwatches had a global share of shipments of 22,3%. Apple maintained its leading position in the market with a share of 50,6%. The third largest brand was Amazfit with a share of 7,1%. The fourth and fifth places were occupied by Huawei and Garmin with a share of 6,4 and 4,5%. India's smartwatch market grew 171% year-on-year. Market analysts report that the wearables segment saw a year-on-year increase in shipments in most other regions except for China and Europe.
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New line Galaxy Watch5 appears to have been the main reason for Samsung's increased shipments worldwide, even though its sales did not cover the full three months (it launched in late August). The series consists of basic model a Galaxy Watch5 Pro and it is the second watch series of the Korean giant to be software-powered by the system Wear OS. The series was the first to use it Galaxy Watch4.
Smart watch Galaxy Watch5 to WatchYou can buy 5 Pro, for example, here
