According to a new report published by market research firm Counterpoint Research, Luxshare, which accounts for 40% of Apple Watch production, is the largest outsourced smartwatch maker in the second half of 2022.
According to Counterpoint Research’s latest Global Outsourced Smartwatch Manufacturing Tracker and Report, global outsourced smartwatch manufacturing shipments grew 15% year-over-year, accounting for 69% of total global shipments in the second half of 2022.
Lixin, Foxconn and Compal (COMPAL) are the top three outsourced manufacturers for the second half of 2022. These three companies are responsible for half of the global outsourced smartwatch shipments during this period.
In the secondary tier, Huaqin, LINWEAR, I DO and Yawell perform well in the smartwatch manufacturing business.
As the global smartwatch market continues to grow, ODM and EMS are beginning to play an increasingly important role in the smartwatch industry chain. The agency predicts that the outsourcing manufacturers’ share of shipments will rise from 68% in 2022 to about 70% in 2023.
