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Changes In Vietnams Smartwatch Market

Changes In Vietnams Smartwatch Market

This was surprising since Huawei is new. According to IDC (International Information Corporation), the top 6 smartwatch brands in Q2 were Apple, Samsung, Xiaomi, Amazfit and Garmin.

The Watch GT3, Watch Fit 2 and Band 7 were the most popular models, priced between VND 2 million and VND 5 million.

Smartwatches from Apple, Samsung and Xiaomi are sold in Vietnam. However, getting into the top 3 brands often depends on the launch of new models and promotional programs.

The launch of new products in September and October will allow Apple to increase its market share in smartphones, tablets and smartwatches.

Huawei is trying to maintain its position. A junior version of the GT3, the GT3 SE, is planned to be released, with a lighter design, longer battery life, and a price tag of about VND 4 million.

Meanwhile, Xiaomi launched the Pro 7 smart brand series in early October to prepare for the season at the end of the year.

Analysts predict that competition in the smartwatch market will continue to intensify as the marketing season approaches in the second half of 2022. In addition to popular brands, Oppo, Vivo and others have entered the market.

Realme started selling Realme Watch 3 at the beginning of August, which is an upgraded version of Realme Watch 2. It has a youthful design, breathtaking performance and a big battery, and its price is only 2 million VND.

In September, Garmin released two models: the Venu Sq 2 and the Venu Sq 2, a musical version.

In the global market, the IDC report showed that Apple, Samsung, Xiaomi and Huawei are the leading brands. The American brand was far superior to its competitors.

Per year In contrast to the growth recorded in the fourth quarter of 2021, the growth of the global smartwatch market is slowing down.

Global smartwatch production fell 6.9% year-on-year to 107.4 million units, according to IDC. Demand is weak on the back of high inflation, fears of a slowdown in economic growth and rising spending on non-tech goods.

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