Market Share of APAC Smart Watch Industry
The Asian-Pacific smartwatch market is concentrated due to higher initial investments. Major players like Apple Inc., Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd, Zepp Health, Xiaomi Corporation, and Fitbit Inc dominate it. With a prominent market share, these significant players focus on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market share and profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and tapping new markets.
- December 2022 - Huawei announced the launch of a new smartwatch for the Chinese market. The Huawei Watch Kids 5X smartwatch has a distinctive look created exclusively for kids.
- August 2022- Based on Zee News, in Q2 2022, the Indian smartwatch market grew by 300% yearly, surpassing China for second place owing to the extraordinary rise of local smartwatch manufacturers like Fire-Boltt & Noise, according to CounterPoint Research's published report named "Global Smartwatch Model Tracker."
- September 2022- Apple launched its smartwatch Series 8 and SE (2nd generation). The brand-new Series 8 wristwatch includes fall detection, sleep tracking, a heart rate sensor, ECG, and notifications for irregular heart rhythms. Like the Watch Series 8, the Watch SE 2nd generation comes pre-installed with the latest S8 processor.
APAC Smart Watch Market Leaders
Apple Inc.
Samsung Electronics Co. Ltd.
Huawei Technologies Co. Ltd.
Fitbit Inc.
Fossil Group Inc.
*Disclaimer: Major Players sorted in no particular order
