According to relevant data, the top 10 ODM manufacturers of smart watches shipped a total of 7.83 million units in July 2022.

In terms of specific shipment volume, the top 3 manufacturers have shipped over one million units, namely Luxshare Precision, Foxconn, and Huaqin Communication.

From TOP4 to TOP10, the shipment volume of each manufacturer is less than one million units, and the shipment volume of each manufacturer gradually decreases, with small differences and obvious fierce competition.

In terms of market share, the top 6 manufacturers have a combined market share of 81%.

However, the TOP7-TOP10 have a market share of less than 7%, while the tenth place Liesheng Electronics only has a market share of 3%, indicating that the differences in market share among the last four manufacturers are relatively small.

Overall, the ODM market for smartwatches has not yet formed a monopoly, with the top seven manufacturers having relatively even market share, while the rest have limited market space and intense competition.

The top few companies mainly rely on mobile phone manufacturers such as Apple and Huami OV to ship, indicating that the brand effect in the field of smartwatches is still strong.

Among them, the growth momentum of Yawell Intelligence is very strong.