In contrast to smart wearables, most activity wearables have now evolved into digital activity watches to keep abreast of changing trends and consumer demand, considering that they have digital displays and superior features that are still affordable to many consumers, rendering regular activity bands and other analogue variants obsolete. Therefore, both areas of the category are predicted to experience further notable declines over the forecast period.
E-commerce has experienced particularly important expansion in Chile, creating an opportunity for players to develop more dynamic and user-friendly online platforms. E-commerce can become an attractive tool for consumers, as it can improve the shopping experience, and thus players that invest in online channels are likely to hold an additional advantage over competitors.
2022-2023 it is presented as a period of opportunities for players to continue with innovative proposals or consolidating trends witnessed towards the end of the review period. Additionally, the advanced vaccination process in Chile to combat COVID-19 has led to a progressive increase in mobility in the country, including outings to parks, gyms and the routine of work.
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Understand the latest market trends and future growth opportunities for the Wearable Electronics industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Wearable Electronics industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Electronic devices designed to be worn by the user, typically on the wrist or head. The category only covers products designed for retail sale and consumer usage. Products designed for use in medical, military and any other profession such as diving are excluded.See All of Our Definitions
This report originates from Passport, our Wearable Electronics research and analysis database.
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