Smartwatch growth returns, but Samsung took a different path in Q1 2026
A new market report reveals that the global smartwatch market has returned to growth, with major brands gaining momentum. Samsung took a different path in Q1 2026, with smartwatch shipments facing a steep decline.
According to Counterpoint Research, the global smartwatch shipments grew 4% YoY in Q1 2026. Analysts believe Apple was the key driver given its newest Watch portfolio, along with growing demand for premium devices.
Samsung was the only smartwatch brand that flagged a massive downturn in its shipments in Q1 2026. The company’s market share declined from 7 percent in Q1 2025 to 5 percent in the first quarter of the year.
The shipment data reveals that Galaxy Watch shipments declined 28 percent YoY. It signals that the company’s wearable strategy requires revisions. A new set of watches is coming next month, and market share is expected to rise.
Apple led the worldwide smartwatch market with 23 percent market share. The US tech giant flagged a steep growth of 21 percent year-on-year. The momentum will continue as Q3 is set to welcome the next-gen wearables.
Huawei also grew 12 percent, with the company’s market share jumping from 16 percent in Q1 2025 to 17 percent in Q1 2026. The Chinese brand ranked second, thanks to aggressive marketing and push from key markets.
The growth of the Chinese market, led by Huawei’s ecosystem push and government subsidies, encouraged consumer upgrades and strengthened overall demand.
Xiaomi maintained its third spot and 10 percent market share in Q1 2026’s smartwatch market. The company’s overall smartwatch shipments grew 9 percent year over year.
imoo was the fourth largest smartwatch vendor in the first quarter, retaining 7 percent market share with 2 percent YoY growth.
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