Canalys: Global smartwatch shipments rise in Q1 but smart bands plummet
A total of 41.7 million smartbands and smartwatches were shipped globally in Q1 2022 based on data from Canalys. 32 million of those were smartwatches with the product category experiencing a 15% growth compared to the same period last year. On the other side of the table, smart bands saw a 37% drop in shipments for the quarter which marks the sixth consecutive fall since Q4 2020.
Apple shipped the most smartwatches in Q1 2022 with a total of 9.2 million units. Cupertino also earned 22.1% of the global market share thanks to strong demand for the Apple Watch Series 7. Huawei saw 4.6 million shipments and an 11% market share while Xiaomi managed 4.2 million shipments and a 10.1% market share. Samsung secured the fourth spot with 3.4 million shipments and an 8.1% market share while Fitbit saw 2.9 million shipments and a 7% share of the market.
| Worldwide wearbale band and smartwatch shipments and annual growth | |||||
| Vendor | Q1 2022 shipments (million) | Q1 2022 market share | Q1 2021 shipments (million) | Q1 2021 market share | Annual growth |
| 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% |
| Total | 41.7 | 100% | 43.3 | 100% | -4% |
| Notes: percentages may not add up to 100% due to rounding Source: Canalys Wearables Band Analysis (sell-in shipments), May 2022 |
|||||
Rising inflation levels are expected to decrease consumer spending though demand for smartwatches is said to have growth potential due to their health and activity tracking benefits for consumers. Canalys analysts predict further drops in demand for smartbands with Xiaomi and Fitbit being severely affected.
Related
Reader comments
- Anonymous
- 02 Jun 2022
- 7Xi
Yet my Mi Band 4 is still alive and has no damages. Only the straps got destroyed which was easily replaceable with stronger Nylon Straps and Metal Straps
- Adegbenro
- 02 Jun 2022
- XBA
The key really is to examine the actual number of sales and not the market share. Apple was the only company that had increased sales. Samsung was static and the other individual companies mentioned sold fewer items
- Adegbenro
- 02 Jun 2022
- XBA
I totally agree😃 A fall over SIX CONSECUTIVE QUARTERS doesn't deserve to be described as plummeting
Samsung
Apple
Apple
Xiaomi
Samsung
