Global Smartwatch Market Analysis Q2 2023

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Sep 1, 2023

Overview:

Global smartwatch shipments increased 11% YoY in Q2 2023, after declining in both Q4 2022 and Q1 2023. India’s shipments soared by 70% YoY, serving as the primary driver for the global market’s rebound. HLOS smartwatch shipments increased YoY after dropping for two consecutive quarters. Within this high-price and high-performance segment, Huawei more than doubled its share to 15%, up from 6% in the year-ago quarter. Basic smartwatches accounted for 39% of the total smartwatch shipments, marking an all-time high. This budget-friendly segment has been witnessing YoY growth for 10 straight quarters, deeply intertwined with the explosive growth of the Indian market

Table of Contents:

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Category

Industry

IoT

Report Type

Report

Time period

Quarterly

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