Revenue from sales of smart watches on the world market increased by 20%, Sergei Dragun | 21.08.2020
Half of the market in the first half of 2020 is Apple on the second and third place Garmin, and Huawei. In total, they occupy a share of 69%.
According to the latest research company Counterpoint, global smartwatch market has shown growth of income, despite the pandemic COVID-19.
In the first half of 2020 has shipped 42 million smartwatches and the demand continues to grow — the growth in India was 57% , Europe 9%, US 5% in annual terms.
The market continues to dominate Apple in terms of volume and value. A record half of the market is due to the high demand for Apple Watch S5. In terms of supply watch
The Apple Watch has grown by 22% worldwide, with Europe and North America were the most dynamic markets in the first half of 2020, despite the pandemic.
Huawei has demonstrated a growth by 57% , while moving to the second position in the world in the number of sold hours in the first half of 2020. The result is achieved due to a significant
demand in China and Asia — the volume of shipments increased by 90% in both regions.
Garmin, the second producer in the world by revenue, has continued to achieve success in the market of sports enthusiasts and professional athletes. The brand increased sales by 31% on its range
Forerunner and Fenix. The company’s position is very strong in Europe and North America.
Fast-growing Chinese brands Amazfit and Xiaomi gained 51% and 47%, respectively. The result was achieved on the markets of China, India and the rest of Asia.
Samsung has faced some challenges in the first half of the year, but the launch of the Galaxy Watch 3 should raise the demand for products and to regain lost ground.
The producers ‘ share in the smartwatch market by revenue:
Apple — 51,4%
Garmin — 9,4%
Huawei is 8.3%
Samsung — 7,2%
Smart watches, smart watches apple watch
