Samsung has announced that the company emerged as India’s “biggest smartwatch manufacturer” in the second quarter ending June 2021. Citing IDC Worldwide Quarterly Wearable Device Tracker, Samsung’s smartwatch shipments registered 860 percent year-on-year growth, taking the tech giant to number one position in India. Samsung says its June quarter ended with a 41.2 percent volume market share, riding on the popularity of the existing Galaxy Watch Active 2 and Watch 3 series. The full IDC report is yet to come public.
Recently, a separate Counterpoint report claimed that India emerged as “the fastest growing market in the previous quarter.” India was the smallest market during the same quarter last year with just 2 percent of the total market share but now accounts for about 6 percent of the total market. The Counterpoint Research Global Smartwatch Model Tracker added that Apple maintained its number one position in Q2 2021 in terms of shipments, but its market share declined slightly compared to Q2 2020 due to the increasing competition from Chinese and Indian brands. Samsung and Garmin showed remarkable growth in terms of smartwatch shipments, with a 43 percent and a 62 percent year-on-year growth, respectively.
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