Rise of lavish tech devices for the luxury-loving consumer
Implications - Recently, fashion designers have been proliferating the tech industry, offering designer cases and accessories for consumers' phones, tablets and laptops. Now, consumers can not only accent their gadgets with luxurious accessories, but they can also purchase the most lavishly expensive devices as well. Ranging from cameras and speakers to smartphones and mice, these ultra-luxurious gadgets appeal to consumers who are more than willing to break the bank for luxury in all its forms.
Trend Themes
1. Ultra-luxurious Gadgets - The trend of producing expensive, designer tech products appeals to luxury-loving consumers and highlights the importance of premium segmentation in the tech industry.
2. Luxury Fashion-tech Collaboration - Fashion designers joining the tech industry offers new design perspectives and showcases opportunities to create high-end products that appeal to consumers willing to break the bank for luxury.
3. Luxe Tech Accessories - The trend of offering designer cases and accessories for tech devices highlights an opportunity for luxury labels to expand product lines to encompass tech accessories and electronics without sacrificing brand identity.
Industry Implications
1. Luxury Goods - Luxury fashion tech offers new design perspectives and shows how tech products are evolving to become luxury items within a broadening luxury goods market.
2. Consumer Electronics - Ultra-expensive tech devices appeal to a niche market of consumers willing to pay a premium for luxury products, opening up market research opportunities for luxury tech products.
3. Premium Segment - The trend of premium segmentation in the tech industry highlights opportunities to create the next level of extravagance for consumers to show off their wealth and luxury.
