Canalys: Global smartwatch shipments rise in Q1 but smart bands plummet

A complete of 41.7 million smartbands and smartwatches have been shipped globally in Q1 2022 based mostly on knowledge from Canalys. 32 million of these have been smartwatches with the product class experiencing a 15% development in comparison with the identical interval final yr. On the opposite aspect of the desk, good bands noticed a 37% drop in shipments for the quarter which marks the sixth consecutive fall since This autumn 2020.

Apple shipped essentially the most smartwatches in Q1 2022 with a complete of 9.2 million models. Cupertino additionally earned 22.1% of the worldwide market share because of sturdy demand for the Apple Watch Collection 7. Huawei noticed 4.6 million shipments and an 11% market share whereas Xiaomi managed 4.2 million shipments and a ten.1% market share. Samsung secured the fourth spot with 3.4 million shipments and an 8.1% market share whereas Fitbit noticed 2.9 million shipments and a 7% share of the market.















Worldwide wearbale band and smartwatch shipments and annual development
Vendor Q1 2022 shipments (million) Q1 2022 market share Q1 2021 shipments (million) Q1 2021 market share Annual development
Apple 9.2 22.1% 7.6 17.6% +21%
Huawei 4.6 11.1% 4.9 11.2% -5%
Xiaomi 4.2 10.1% 7.1 16.5% -41%
Samsung 3.4 8.1% 3.4 7.9% -2%
Fitbit 2.9 7.0% 3.1 7.0% -5%
Others  17.4 41.6% 17.2 39.7% +1%
Complete  41.7 100% 43.3 100% -4%

Notes: percentages could not add as much as 100% on account of rounding
Supply: Canalys Wearables Band Evaluation (sell-in shipments), Could 2022

Rising inflation ranges are anticipated to lower client spending although demand for smartwatches is claimed to have development potential on account of their well being and exercise monitoring advantages for customers. Canalys analysts predict additional drops in demand for smartbands with Xiaomi and Fitbit being severely affected.

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