Counterpoint Technology Market Research released a study of the global market for smart watches in the second quarter of this year, despite economic challenges and high inflation, demand for such gadgets continues to rise.
World-wide shipments of smart hours are reported to have increased by 13% between April and June, compared with the second quarter of last year, and analysts believe that positive developments will continue in the foreseeable future.
The largest player in the industry is Apple, with a share of approximately 29.3%. By comparison, the company controlled 30.6% of the world's smart-hour market a year earlier. Samsung is the second largest player, accounting for 9.2%, compared to 7.4% in the second quarter of 2021.
The largest market for smart-hours remains North America, with 26% share. The previous year, the result was markedly higher at 31%. India was the second largest, with 347% in the year: the region's share rose to 22%, compared to only 6% the year before. China is now in third place with 21%. All the other regions together accounted for about 31% of the sales of smart-hours.