With just 0.5% of adults in Mexico having a wearable electronics device in 2022, there is huge room for growth.
Mexico has a very high obesity rate, and with COVID-19 highlighting the health risks associated with this (as those who contract the virus are much more likely to develop severe symptoms if they are obese), local consumer interest in the health-monitoring features of wearable electronics in general and smart wearables in particular is likely to deepen during the forecast period. A growing number of Mexicans will seek to track their exercise, steps, calorie consumption and heart rate using these devices.
Price competition will remain intense in smart wearables, with the likes of Xiaomi and Huawei set to continue to put pressure on leaders Samsung, Apple and Fitbit. As a result, the unit price of smart wearables will continue to decline in current value terms throughout the forecast period.
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Understand the latest market trends and future growth opportunities for the Wearable Electronics industry in Mexico 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 Mexico, 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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