Apple and Samsung proceed to dominate the worldwide smartphone market, however competitors is rising.
Based on Counterpoint Analysis, the worldwide smartwatch market has been rising quickly for a number of years now pushed by the explosion of fundamental smartwatches priced largely underneath US$100 and working proprietary or real-time working system (RTOS)-type working methods with fundamental performance and purposes. Then again, superior smartwatches (these with Excessive-Degree Working System or HLOS) have been rising steadily largely pushed by Apple and Samsung till now.
Nevertheless, based on Counterpoint’s atest international smartwatch tracker and forecast by area, model and OS, the worldwide HLOS smartwatch market is estimated to develop 15% yearly in 2024 when it comes to quantity, after a flattish development in 2023. The analysis group says a significant a part of this development will come from non-Apple smartphone customers adopting both a Google Put on OS-based smartwatch if outdoors China or a Huawei HarmonyOS-based smartwatch if in China.
Counterpoint says that, for instance, within the superior smartwatch phase, we estimate the Google Put on OS share outdoors China will climb to 27% in 2024. The expansion shall be primarily pushed by the supply of extra superior smartwatches powered by Put on OS, like the most recent adoption by Google Pixel and OnePlus Watch 2, together with the refreshed Samsung Galaxy Watch 6 sequence, based on the analysis group.
When it comes to smartwatch chipsets, Apple and Samsung presently maintain two-thirds of the superior smartwatch market. Nevertheless, Counterpoint says that Hengxuan and Qualcomm are anticipated to witness double-digit development in 2024.
