Analysis & Features

Global smartwatch shipments rise by 12% year-over-year in 2022

The market showed decent YoY growth in 2022, though it dropped 2% YoY in the fourth quarter. Quarterly shipments turned to a YoY decline after seven consecutive quarters of growth. Shipments in the >$400 price band more than doubled in 2022, while the mid-price range saw a YoY drop. Indian brands such as Noise and Fire Boltt found spots in the global top 5 sellers’ list thanks to the rapid growth of their domestic market. [c]