Like computers. I am surrounded by these things. Something like a smart watch is only feasible after a drastic decrease in cost and massive increases in capability. If you went back a few decades and suggested people would be strapping supercomputers on their wrists, you'd likely be committed to an institution. It would be unthinkable to devote the required amount of resources to such a frivolous task.
A similar thing will happen with spacecraft. Right now, it is still expensive, but SpaceX dragged down the price enormously. This is likely to decrease even further, either due to competition, or with the likes of the Starship(how many satellites could we fit on that monstrosity?).
This will enable entire new industries, both existing(satellites will become commodities), and also ones we have no idea about - yet. Pretty sure some "frivolous" tasks will pop up once this is cheap enough.
And that's only unmanned flights.
EDIT: I've found this amusing - that's in the direction of what I'm talking about, we are just missing the "1-click launch": https://www.rocketlabusa.com/book-my-launch/