Wearables are beginning to gain purchase consideration and traction among all millennials, but especially with white non-Hispanics, according to the latest installment of the Hispanic Millennial Project, published by Sensis and ThinkNow Research in June.
(To view the full Category Reviews, click here.)
According to the research, as many as 41% of white non-Hispanic consumers are most interested in the wearable category, suggesting that they will purchase a health tracker in the near future. About one-third of Hispanic millennials (32%) expressed an interest in health trackers, followed by virtual reality goggles at 31%. According to a separate Accenture study released in March, the number of consumers who use mobile health apps increased from 16% in 2014 to 33% in 2016, and the number of consumers who use health wearables increased from 9% to 21% during the same time.
But while buzzworthy technology is embraced by early adopters, white non-Hispanic millennials are hesitant to purchase based on novelty alone, the report found. When functionality becomes more tangible, consumers will embrace the technology, Sensis reported.