Retail e-commerce has always been the leading distribution channel for wearable electronics, even before the outbreak of the pandemic. In 2023 retail e-commerce accounts for half of all retail volume sales of wearable electronics, putting it well ahead of any other distribution channel.
Demand for wearable electronics is set to surge during the forecast period, with smart wearables likely to remain the main driver of this performance. There is still a lot of room for growth with the penetration rate for smart wearables still being low.
The expansion of 5G mobile networks in Spain will support the expansion and penetration of wearable electronics in the forecast period. During 2022, Spanish Telcos accelerated the deployment of 5G networks in the country, with it expanding its coverage over 2023.
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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.
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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