India beats China, takes second spot in smartwatch market in Q2: Report

China bagged the second spot in the previous quarter, but was now pushed down to the third spot with a 10% YoY decline in its shipment.

Amid uncertainties, such as inflation and semiconductor chip shortages, India has beaten China in becoming the second biggest smartwatch market in the second quarter of FY22. The global smartwatch market's shipment saw an increase of 13 per cent, on a year-on-year (YoY) basis in Q2, 2022. 

In a report published in Counterpoint Research, India's smartwatch market saw an increase of over 300 per cent YoY to overtake China. India's growth can be attributed to the strong growth witnessed by home-grown brands like Fire Boltt and Noise. As the global market share of local brands like Noise and Fire Boltt grew,