As per recent research conducted by market research firm International Data Corporation (IDC), Samsung emerged as India’s “biggest smartwatch manufacturer” in Q2 2021. According to IDC’s Worldwide Quarterly Wearable Device Tracker, Samsung recorded an 860-per cent year-on-year growth in shipments.
In a statement to IDC, Samsung said that the popularity of Galaxy Watch Active 2 and Watch 3 series helped the company capture 41.2 per cent market share in June ’21. Samsung also said, “the company strives to enable smartwatch users lead a healthier lifestyle and hopes that the new Watch 4 series will usher in a new generation of individuals into the Watch family.”
Further, a recent report from Counterpoint suggests that India emerged as the fastest-growing market in the last quarter for smartwatches. India used to be the smallest market in the same quarter last year with a 2% market share of the total market but last quarter it accounted for 6% of the global market.
According to the Counterpoint report, Apple emerged as the winner in Q2 2021, but the company witnessed a slight fall in its market share compared to last year. The firm cites increasing competition from Chinese and Indian brands as a reason for Apple’s decline. Meanwhile, Samsung had a great quarter with a 43 per cent year-on-year growth, whereas Garmin showcased 62 per cent year-on-year growth in the last quarter.
Samsung recently announced the Galaxy Watch4 Series, which includes Watch4 and Watch4 Classic. The new Watch series comes with the company’s bio-active sensor comprising three sensors – Optical Heart Rate, Electrical Heart, and Bioelectrical Impedance Analysis. These sensors help users monitor their blood pressure, blood oxygen levels and AFib irregular heart rate. The Galaxy Watch4 Series is now available for pre-orders in India starting at Rs. 26,999 for the Watch4 and Rs. 31,999 for the Watch4 Classic.
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