When wearable electronics were first introduced, the prices were quite prohibitive. However, technological advances have improved the efficiency of production, and there is also now more competition which has allowed the average unit prices to drop.
Consumers are becoming more knowledgeable about health and wellness tracking. Beyond fitness levels and feedback on workouts, there is greater demand for features that can give a more holistic view on wellness.
The reopening of the country has resulted in most workforces returning to offices. This is expected to spur demand for wearables that can fit in with more formal or business attires.
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Understand the latest market trends and future growth opportunities for the Wearable Electronics industry in Philippines 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 Philippines, 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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