Convenience is Evolving!
COVID-19 created the work-from-home luxury that is still happening to this day, which also increased people’s awareness of health & fitness for the connected system. Adaptation is the key to navigating the impacts of the pandemic. This adaptation was a necessity related to various aspects of daily life, such as how we worked out to stay fit and healthy. These reasons drive market growth for more technological development, especially in the wearable industry.
Technology: with the presence of many different smartphones in the market, people demand the next level of convenience various IT accessories, including wearable devices or smartwatches. The global smartwatch market size is expected to reach USD 71,565.3 million by 2030, registering a CAGR of 8.2%
Source:
https://www.globenewswire.com/en/news-release/2022/12/09/2570896/28124/en/Smartwatch-Market-Size-Share-Trends-Analysis-Report-2022-2030-with-Competitive-Analysis-of-Apple-Fit-Bit-Fossil-Garmin-Huawei-Technologies-Huami-Lenovo-LG-Electronics-Noise-Samsung.html
Fashion-Focused Smartwatch
Fashion-focused smartwatches will appeal to a new segment of consumers who love high-end functional products that serve as a status symbols. They will allow the wearer to stand out of the crowd and become anti-mainstream with more connected and customizable luxury timepieces.
Grand Opulence Colorways
Opulent Escape
Grand Opulence
Target Consumer
I see opportunities for Hermes
High-end luxury brand with consumer needs for convenience and technological development, what if Hermes launched their own smartwatch and create a new set of consumers?
Design Process
CMF Moodboard
Grand Opulence
Gilded Charm
Elite Serenity
Final Design
Name: Vivian Lee
Occupation: Business major student
Hobby: at-home workout, shopping, social media, vacation
Calm spirit
Prefer neutral colors
Luxurious lifestyle
The Grand Opulence are people with inherited money or people usually call them “old money” with an aesthetic of quiet luxury, a style which is simple and quiet elegance. Quiet luxury tends to stay away from synthetic material, logos, or prints.
Because of post-pandemic inflation, buying your own house has become unachievable for Gen-Zs. This drives the infatuation from Gen-Zs of the extortionate wealth feels of Grand Opulence.
Trend Tracker
Source: https://en.wikipedia.org/wiki/Smartwatchc
Source: https://www-wgsn-com.artcenter.idm.oclc.org/tech/article/63728033633a5c32d8b62fac#page15