Indonesia to become fourth largest smartphone market in 2020

epa05432970 Indonesian students play Pokemon Go on their mobile phones at a park in Denpasar, Bali, Indonesia, 20 July 2016. Pokemon Go is a Global Positioning System (GPS) based augmented reality mobile game. According to reports on 20 July, Indonesian authorities banned armed forces and police personnel in the country to use Pokemon Go during service hours. EPA/MADE NAGI

SINGAPORE: Euromonitor International released new data on the global consumer electronics industry. 

According to the new data, global prospects for wearable electronics continue to be strong with retail value sales projected to grow by 138% to become a US$45bil (RM183.77bil) industry in 2021, remaining the world's second best-selling product behind smartphones.