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Overview:
In Q1 2022, the market’s shipments grew 13% YoY to reach 33.7 million units. This was a double-digit growth for the fifth consecutive quarter. HLOS (High Level OS) and Basic Type smartwatches grew 25% and 24% YoY respectively, leading the market growth. Kids and Hybrid/Digital Types showed declines of 24% and 35% respectively. In particular, the Kids Watch market share fell 6% points as demand in regions other than China fell significantly. Likewise, Hybrid/Digital declined in all regions except North America.
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Summary
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Published
May 31, 2022
Author
Sujeong Lim
Sujeong Lim is a Research Analyst at Counterpoint Research based out of Seoul Korea. In Counterpoint, she focuses on mobile ICT industry and mobile device research, especially dedicated on the Korea mobile market. After 10+ years product marketing experience during her working period, she joined Counterpoint to pursue her interest in IoT and emerging future technology.
