Global smartwatch market expands by more than 20% even with the headwinds of the new Corona–Influenced by rising health consciousness

Global smartwatch market expands by more than 20% even with the headwinds of the new Corona–Influenced by rising health consciousness
26/11/2022 huaweielectronics 603 Views

Global smartwatch market expands by more than 20% even with the headwinds of the new Corona–Influenced by rising health consciousness

Strategy Analytics released its findings on the global smartwatch market. According to it, the number of shipments in the first quarter of 2020 was 13.7 million units, up 20.2% from 11.4 million units in the same period last year. However, the pace of increase has slowed compared to the growth rate of 37.7% in the same period last year.

Global smartwatch market, COVID-19 More than 20% expansion even in headwinds-Influenced by rising health consciousness</p><p>Despite the headwinds of the COVID-19 pandemic, global demand for smartwatches continued to grow. It is believed that consumers who are unable to leave their homes due to refraining from going out and city blockades (lockdowns) have sought smart watches for health management and fitness. By the way, the smartphone and tablet markets have both shrunk.</p><p>For the second quarter of 2020, we forecast a sharp decline in shipments as the COVID-19 pandemic continues. However, from the second half of 2020, it is expected that sales will recover to some extent due to the effects of store reopening. In the long term, it is expected that the strong health trend will continue.</p><p>The top 3 vendors for shipments in the first quarter of 2020 are as follows. Figures in parentheses are figures for the same period of the previous year and year-on-year changes.</p><h2 id=1st place: Apple

2nd place: Samsung Electronics

3rd place: Garmin

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Shipment volume (Source: Graph of published data from Strategy Analytics) Market share based on shipment volume (Source: Graph of published data from Strategy Analytics)
Tags samsung health can sync with huawei watch
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