In Q2 2023, the global smartwatch market experienced a notable rebound, with smartwatch shipments increasing by 11% compared to the same period the previous year. This resurgence followed declines in both Q4 2022 and Q1 2023, according to Counterpoint's Global Smartwatch Model Tracker.
In terms of regional shipment shares, India emerged as a standout contributor to this growth, with its smartwatch shipments skyrocketing by an impressive 70% YoY during Q2 2023, as the Techloy chart below shows. This substantial increase in Indian shipments played a pivotal role in driving the global market's recovery.
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