While the research and development efforts of the leaders in smart wearables, Apple and Samsung, continue, consumers are reportedly not finding new features as exciting as before, especially as prices keep rising. Consumers’ reactions to recent smart wearables features in online communities are not as positive as before, as some find the new features not worth the higher device prices.
With rising prices and greater maturity, retail volume growth is only predicted to be slow over the forecast period. However, it is set to maintain a positive performance as increasingly sophisticated smart wearables will ensure continued growth.
Some players are turning their attention to smart sleep wearables. For instance, at CES 2023, LG Electronics unveiled brid.
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Wearable Electronics
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 DefinitionsThis report originates from Passport, our Wearable Electronics research and analysis database.
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