Demand for wearable electronics is set to surge during the forecast period (retail constant value sales will more than double), with smart wearables the main driver of this. As the penetration rate for wearable electronics stood at a mere 10% in 2022, there is a lot of room for retail volume sales growth, particularly in the context of an ageing population that is increasingly interested in health and wellness.
Even before the onset of the pandemic, e-commerce was the leading distribution channel for wearable electronics, with more than twice the retail volume share of appliances and electronics specialists. Many local consumers use the internet to compare the features of different models and find the best price, in addition to making their purchase online.
The rollout of 5G mobile networks in Spain will open up new opportunities for wearable electronics over the forecast period. In addition to reducing their dependence on other devices, such as smartphones, 5G connectivity should facilitate significant improvements in the battery life of wearables.
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Understand the latest market trends and future growth opportunities for the Wearable Electronics industry in Spain 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 Spain, 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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