From high-priced items such as Apple Watch to lower-priced brands Garmin and Fitbit, consumers have ample choice to find wearable electronics that match their needs and budget. The premium prices charged by Apple and Samsung are balanced by the many affordable brands available in the market.
Singapore has been moving towards becoming a cashless society for the past few years, and the onset of the pandemic helped to speed up this process. With many consumers opting for contactless payment, this feature offers scope for growth within smart wearables.
More purchases are expected to move from store-based retailers to e-commerce over the coming years. Consumer confidence in purchasing items online is increasing in Singapore, with this shift accelerating since the onset of the pandemic.
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Understand the latest market trends and future growth opportunities for the Wearable Electronics industry in Singapore 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 Singapore, 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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