Overview:
The global smartwatch market declined 9% YoY. The reduction was driven by a decline in global brands like Apple and the slowdown in the demand for the basic smartwatches in the India market. However, Chinese brands including Huawei, Xiaomi, and BBK (Imoo) observed growth. By region, China and EU region shipments grew YoY by 25%, and 10% respectively. By type, basic smartwatches observed a 25% YoY decline, driven by the slow replacement cycle in the India market.
Published Date: November 2024
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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 Technology Market 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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