Fire-Boltt is the fastest growing smartwatch brand, confirms Counterpoint report

 

 

 

 

 

Fire-Boltt has globally been ranked alongside Apple as the fastest growing smartwatch player in Q3 2021

Home grown wearable and audio brand Fire-Boltt has officially been adjudged as the undisputed leader in the smartwatch player in India as well as internationally. As per the latest Counterpoint Research report, the Indian brand registered a stupendous 394% Quarter-on-Quarter growth during Q3 2021 to become the fastest growing smartwatch brand. 

 

 

 

 

Globally, Fire-Boltt ranked alongside Apple and realme as the fastest growing smartwatch players during the given timeframe. Notably, the Q2 2021 report by another global research entity, the International Data Corporation (IDC), had mentioned that Fire-Boltt held 5.5% of the market share during the period while the latest report shows that the market share currently held by the company is 17%.

The co-founders further said that it is a matter of pride for them that not global but home-grown brands contribute to nearly 75% of the Indian smartwatch market share, clocking a QoQ growth of 159% and YoY growth rate of a whopping 293%, according to the Q3 2021 report by Counterpoint Research.

The official declaration of Fire-Boltt leading the wearable space comes just days after the company forayed into the international market. Fire-Boltt’s brand ambassador and cricketing icon Virat Kohli last month unveiled the company’s entire smartwatch line for the UAE market. The Indian brand is slated to further expand its presence across other markets like Middle East, Sharjah and other Emirates within the next few weeks.

 

 

 

 

 

New Delhi, 16th Nov 2021