The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreOct 2020
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Sales of wearables are expected to remain dynamic despite COVID-19, with growth of 14% in 2020 compared to 15% in 2019. With gyms closed, consumers forced to spend more time indoors, and exercise routines decimated, many consumers felt the need to track their new lifestyles, activity levels and general health more closely, which is helping to keep demand for wearables buoyant.
While higher priced items including smart wearables and digital activity watches are set to show a slowing in their otherwise fast growth, there is a revival of interest in entry level products, with activity bands expected to be up by 2% in 2020 after several years of decline. Analogue activity watches will show notably swift growth of 30%, although this dynamic performance represents a slowdown on the previous year where volume sales were up by 36%.
Apple continues to lead wearable electronics in 2020 with a share of 19%, thanks to its strong brand equity and high rate of innovative product launches such as the Apple Watch Series 5, launched in September 2019. Garmin takes second place with a share of 11% due to its leadership in activity wearables, where it also benefits from its high level of new product development.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Wearable Electronics industry in Singapore with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Wearable Electronics industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
The Wearable Electronics in Singapore market research report includes:
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Why buy this report?
This industry report originates from Passport, our Consumer Electronics market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.