Counterpoint: Smartwatch market in India grows 173% in Q1 2022
Counterpoint Research posted its latest IoT report, revealing an impressive growth of smartwatch users in India. According to the data, the market grew 173% yearly in Q1 2022, driven by multiple product launches and various discount offers.
Noise led the market with 23%, ahead of Fire-Boltt and boAt. The Realme brand Dizo came in fourth, while Samsung stuck to fifth thanks to its relatively expensive Galaxy Watch4 devices.
The price segment under INR5,000 (about $67) increased its share by 87%, while the particular segment of INR1,000-INR2,000 ($13-$27) reached its highest result of...