Smart rings emerged in 2024 as a new type of smart wearable. Over the forecast period, smart rings are expected to generate retail volume growth as consumers appreciate their small form, lightweight and portability.
Wearable electronics is projected to see moderate, but robust retail volume growth over the forecast period, driven primarily by smart wearables. Consumers are expected to continue their transition to smart wearables, which offer more functions, including health and fitness tracking and seamless integration with smartphone ecosystems, as well as advanced functions like contactless payments.
Health and fitness is expected to trend strongly over the forecast period to provide a key growth avenue for wearable electronics, especially smart wearables. Consumers are increasingly keen on taking control of and managing their health and wellness, a trend that has picked up intensity since the Coronavirus (COVID-19) pandemic.
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Understand the latest market trends and future growth opportunities for the Wearable Electronics industry in Canada 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 Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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