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  • DAILY CURRENT AFFAIRS:India becomes the second largest market for wearable watches in the world

India becomes the second largest market for wearable watches in the world

Tags: Economics/Business

India has surpassed China to become the second biggest smartwatch  market in the world . According to the United Kingdom based market research company , Counterpoint , at the end of June 2022 quarter , the Indian market grew by 347% as compared to the  same period last year .

During the June 2022 quarter the global market grew at just 13%. 

Main Points of the report 

North America remains the largest smartwatch market in the world with a shipment of 26% of the global market.

India was the second largest market in the world with a shipment of 22% of the global market.

China remained the third largest market with a shipment of 21% of the global market.

Smartwatch Brand in the world 

The world's largest smartwatch company was Apple  accounting for 29.3% of the overall shipments, followed by  Samsung (9.2%),Huawei (6.8%).Fire-Boltt (6.3%) and Noise (5.9%).

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