Wearable devices are becoming more and more popular

This is much larger than $69 billion last year, as well as far ahead of $46.1 billion in 2019. Gartner forecasts that by 2022, user spending on wearables will increase. to $93.8 billion.

“The introduction of health measures for self-monitoring of Covid-19 symptoms and growing consumer interest in personal health during a time of global lockdown present a significant opportunity for wearables market”. Ranjit Atwal, Senior Research Director at Gartner said.

Similar to the international market, users in Vietnam are also increasingly interested in smart wearable devices, especially smartwatches. According to the Asian User Health Data Report 2021 conducted by Garmin, Vietnamese users rank 8th in terms of activity level in the region.

According to data from Satista, in 2020, Vietnam’s wearable tech market will reach about 65 million USD, a sudden growth of 33.5%.

The increasing demand for smart wearable devices in Vietnam has led to a series of manufacturers entering the market to divide the market share.

The Garmin Brand Store chain has just announced the opening of the second store in Ho Chi Minh City (at 376A Nguyen Thi Thap, District 7) after the first store in Hanoi. A representative of this chain said that it is expected that by the end of 2022, the system will continue to open more in other big cities such as Da Nang, Can Tho … and especially bring genuine Garmin products into the system with more than 750 FPT Shop stores nationwide.

Customers experience at Garmin Brand store

“Vietnamese users are not only interested in health issues after the epidemic, but this is also the time when outdoor sports activities are making a strong comeback such as walking, jogging, or more advanced like golf.” – Mr. Nguyen The Kha, Director of Mobile Telecommunications Division of FPT Shop system, the unit that jointly developed Garmin Brand Store.

The wearables game also witnessed the acceleration of many other big players such as Mobile World, CellphoneS store chain.

According to a representative of Mobile World system, it is estimated that the smartwatch market in Vietnam in 2021 will grow by about 30% compared to the previous year. Users tend to gradually switch from classic watches to smart watches due to the convenience of the product. Customers are more and more interested in the issue of monitoring their own health after the pandemic.

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