Here is how all of the product classes carried out
The report reveals that smartwatch is the fastest-growing class. The class surpassed the 12.0 million shipments mark in a single quarter. Fundamental smartwatches proceed to dominate with a 95.5% share rising by 187.1% yearly in Q3, 2022.
“As smartwatches proceed to be in excessive demand throughout assorted buyer segments, the necessity for higher specs/correct monitoring shall be key. We are going to see greater display screen dimension (1.8/1.99 inch), AMOLED show, bodily or e-Sim connectivity within the inexpensive phase, whereas the premium phase strikes in the direction of extra choices with curved/edge-to-edge screens & NFC enabled for cost,” provides the report.
Wristbands, however, noticed a decline within the quarter with an 80.8% YoY cargo drop. Earwear accounted for 67.3% of the general wearables class. Actually wi-fi (TWS) dominated with a 57.6% share rising by 94.4% YoY, whereas over-the-ear declined by greater than 50% in 3Q22.
High 5 Wearable Corporations
Think about Advertising (Boat) tops the Indian wearable market with a 32.1% market share. The corporate is specializing in increasing its smartwatch portfolio (19.9% share at third place) with excessive shipments for “Xtend” & “Wave Name”.
The second sport is captured by Noise with a 13.8% market share. Noise additionally ranked second within the TWS class with a 9.3% share. Nevertheless, the corporate captures the highest place within the smartwatch phase.
Fireplace – Boltt climbed to 3rd place with an 8.9% market share. Primarily a smartwatch model, in second place with 26.2% market share, pushed by excessive shipments for Ninja Professional Max, Ring 3 & Ninja Bell. Each OnePlus and Realme captured the fourth and fifth positions respectively.
OnePlus dropped to fourth place within the total wearable class and captured an 8.2% market share. The Chinese language firm ranked second within the earwear class and can be increasing its smartwatch portfolio with the newly launched “Nord Watch”.
Realme however stands within the fifth spot with declining shipments. The low shipments have been attributed to fewer launches and low focus within the wearable class.