It's being reported in a new analytical report today that the global smartwatch market recorded a healthy 24% YoY growth in 2021, after a poor 2020 due to COVID-19. The fourth quarter alone saw shipments of more than 40 million units, the highest quarterly shipments ever.
Counterpoint Research Associate Director Sujeong Lim: "The global smartwatch market’s good growth in 2021 is meaningful in itself, but it is more meaningful in that it makes us look forward to future growth. With their ability to monitor important health parameters like blood pressure, ECG and SPO2, these devices are becoming popular. Further, the attractiveness of smartwatches as independent wearable devices will increase if more of them start supporting cellular connectivity."
Apple maintained its solid No. 1 position with a 30.1% market share. Its ASP rose 3% without the release of the SE model in 2021. As a result, Apple accounted for half of the total market revenue.
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For statistics and commentary on Apple's competition, read the full Counterpoint report.