Enjoy a 15% discount on all purchases until the 31st of March 2023 using the promo code EOFWEB22 at check out!

Appliances and Electronics Our insights capture shifts in consumer lifestyles and themes impacting the global consumer appliances, electronics, and toys and games markets. Themes include new business models, sustainability, innovation and the future home.

Rounding Smartwatches Won’t Make Them Mainstream Products

9/7/2014
Euromonitor International Profile Picture
Euromonitor International Bio
Share:

Wearable electronics and smartwatches in particular are seen as one of the categories with the greatest potential in consumer electronics, especially as growth in tablets and smartphones slows. But, while passive wearable electronics like fitness bracelets FitBit and Jawbone have been gaining mainstream acceptance in developed markets, more capable and expensive autonomous wearable electronics from Samsung, LG and Sony have failed to gain significant sales in 2014. Much of this has been blamed on the obscure aesthetics of smartwatches, most of which had a rectangular-shaped face. A growing number of manufacturers are hoping that creating a product more closely resembling a watch will drive volume sales. But with software optimised for autonomous wearable electronics still in the early stages of development, making these devices useful and driving sales will be difficult in the short run.

Global Volume Sales of Autonomous Wearable Electronics

Source: Euromonitor International

Follow the leader

The Moto 360 – first shown in the spring of 2014, likely launching in the autumn of 2014 – was the first major departure in terms of style, with a round display. The product generated a lot of excitement among tech enthusiasts and bloggers. As we approach IFA 2014 there is a growing number of round smartwatch devices slated for unveiling, but this alone won’t make the product appealing to the general public.

Smarter smartwatches

Passive wearable electronics are essentially miniature wearable sensor arrays with basic memory and connectivity features. Mostly designed to be fitness or activity trackers, the user interacts with the device directly on a very limited basis. One uses a fitness tracker largely by wearing it. Contemporary autonomous wearable electronics are comprised mostly of smart watches that offer some combination of fitness tracking and smartphone notification forwarding functions that are highly reliant on direct user input. A round smartwatch with this feature set appeals to a wider audience than one with less desirable aesthetics. However, this is still really a product for the earliest adopters of technology, for whom wearable electronics are fashion accessories signifying their affinity with technology.

Making an autonomous smartwatch appealing to the general public means simplifying interaction with the device to the level of passive electronics while adding functionality. These devices need to be aware of the user’s surroundings and intentions as well as what all of the other devices around the user are doing and deliver content based on this information with limited direct input from the user.

Interested in more insights? Subscribe to our content

Explore More

Shop Our Reports

World Market for Major Appliances

In 2022, major appliances volume sales declined by 2% compared to 2021. Yet, the industry continues to evolve and adapt to the current reality. Emerging…

View Report

Small Appliances in Asia Pacific

After falling for two years, Asia Pacific sales of small appliances recorded positive, albeit very modest, growth in 2022, with the dynamic Indian market…

View Report

Major Appliances in Asia Pacific

China’s struggles with the Omicron variant across much of the year meant that sales of major appliances declined in 2022, resulting in slightly negative growth…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More