Middle East and Africa Wearable Electronic Devices Market – Industry Trends and Forecast to 2030

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Middle East and Africa Wearable Electronic Devices Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Jul 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East And Africa Wearable Electronic Devices Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2023 –2030
Diagram Market Size (Base Year)
USD 1,467.12 million
Diagram Market Size (Forecast Year)
USD 4,592.00 million
Diagram CAGR
%
Diagram Major Markets Players
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Middle East and Africa Wearable Electronic Devices Market, By Type (Head-Mounted Displays, Smartwatches, Ear-Worn Devices (Hearables), Sports Watches, Smart Garments, and Wristbands), Application (Sports and Fitness, Healthcare, Security and Proximity, Automotive, Electronics, Automation, Industrial, and Others) – Industry Trends and Forecast to 2030.

Middle East and Africa Wearable Electronic Devices Market

Middle East and Africa Wearable Electronic Devices Market Analysis and Size

Rising awareness about health and fitness, the high adoption of digitalization, and changing lifestyles are the major drivers propelling the market in the forecast period.

Data Bridge Market Research analyses that the Middle East and Africa wearable electronic devices market, which was USD 1467,12 million in 2022, is expected to reach USD 4,592 million by 2030 and is likely to undergo a CAGR of 18.4% during the forecast period. "Positive Displacement" dominates the type segment of the Middle East and Africa wearable electronic devices market due to their sports and fitness segment is expected to dominate the market due to continuously increasing adoption of wearable electronic devices for sports and fitness to enhanced sports, fitness, and well-being by monitoring physiological conditions of wearers. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Middle East and Africa Wearable Electronic Devices Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customisable 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Head-Mounted Displays, Smartwatches, Ear-Worn Devices (Hearables), Sports Watches, Smart Garments, and Wristbands), Application (Sports and Fitness, Healthcare, Security and Proximity, Automotive, Electronics, Automation, Industrial, and Others

Countries Covered

Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Kuwait, Qatar, and Rest of Middle East and Africa

Market Players Covered

Apple Inc. (U.S), PUMA SE (U.K), Seiko Epson Corporation (U.S)., Fitbit, Inc. (U.S)., LG Electronics(South Korea), SAMSUNG (South Korea), Garmin Ltd. (U.S)., Huawei Technologies Co., Ltd. (China), Polar Electro(U.S)., HTC Corporation and UMIDIGI (U.S)., Sonly Middle East & Africa (Sony Corporation) (Japan), Lenovo Group Limited (China), Amazfit (Huami Corporation) (U.S)., LG Electronics Inc. (South Korea), Fossil Group Inc (U.S).

Market Opportunities

  • Advanced Sensor Technology
  • Internet of Things (IoT) Integration
  • Wireless and Portable Solutions:

Market Definition

Wearable electronic devices are portable devices that can be worn on the body, typically designed to provide various functionalities such as tracking health and fitness data, displaying notifications, monitoring vital signs, and connecting to other devices or the internet.

They include smartwatches, fitness trackers, smart clothing, virtual reality headsets, smart glasses, and healthcare devices such as heart rate monitors or sleep trackers. These devices often incorporate sensors, wireless connectivity, and advanced technologies to gather data and provide users personalized information and experiences. The Middle East and Africa wearable electronic devices market involve manufacturers, retailers, and consumers of these devices in countries across the region. It encompasses the production and distribution channels, including manufacturing facilities, supply chains, retail stores, and online platforms, through which wearable devices are made available to consumers.

Middle East and Africa Wearable Electronic Devices Market Dynamics

Drivers

  • Increasing Health and Fitness Awareness

There is a growing awareness among individuals in the MEA region regarding health and fitness. Wearable devices, such as fitness trackers and smartwatches, provide real-time monitoring of various health parameters, such as heart rate, sleep patterns, and physical activity, empowering individuals to take control of their health and well-being.

  • Technological Advancements

Technological Advancements: Advancements in wearable technology, such as improved sensors, longer battery life, and enhanced connectivity options, have made wearable devices more appealing and useful. The introduction of innovative features and functionalities, such as GPS tracking, waterproofing, and advanced health monitoring capabilities, has further accelerated the adoption of wearable devices in the MEA market.

  • Growing Smartphone Penetration:

The MEA region has experienced a rapid increase in smartphone penetration over the years. Wearable devices often integrate with smartphones to provide seamless connectivity and synchronization of data. The widespread use of smartphones has acted as a catalyst for the adoption of wearable electronic devices, as they complement and enhance the functionalities of smartphones.

Opportunity

  • Demand for Healthcare and Fitness Applications

The region has a growing focus on healthcare and wellness. Wearable devices that offer healthcare monitoring, remote patient monitoring, and fitness tracking capabilities have a wide range of applications and are in demand. Companies that develop innovative solutions tailored to the market's specific needs can capitalize on this opportunity.

Restraint/Challenge

  • Price Sensitivity

Price sensitivity remains a significant restraint in this region. While disposable incomes are rising, a large portion of the population still has limited purchasing power. Affordability of wearable devices, especially premium models, can be a barrier to adoption for many potential customers. Companies need to carefully consider pricing strategies and offer affordable options to cater to a broader consumer base.

Recent Developments

  • In 2022 - With the assistance of Intertec Group, which serves as the country of Qatar's authorized distributor for Amzfit smart watches, Amazfit, a global brand of wearable technology owned by Zepp Health, has introduced the fourth generation of its GTR and GTS series in Qatar. The new watches have advanced sporting capabilities, huge HD AMOLED displays, and the industry's first circularly polarised GPS antenna technology, all housed in fashionable designs.
  • In 2022 - Xiaomi introduced the Smart Band 7 Pro in the UAE. Through its larger viewing area and auto-brightness feature, the Xiaomi Smart Band 7 Pro improves every discriminating user's watching experience in a lot more practical and enjoyable way without sacrificing its beautiful details. It has a high-resolution 1.64" rectangular AMOLED screen. Xiaomi Smart Band 7 Pro features over 110 sports modes that may satisfy any user's tracking requirements, from sleep monitoring to sports tracking.

Middle East and Africa Wearable Electronic Devices Market Scope

The Middle East and Africa wearable electronic devices market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Smartwatches
  • Ear-Worn Devices (Hearables)
  • Head-Mounted Displays
  • Sports Watches
  • Wristbands
  • Smart Garments

Application

  • Sports and Fitness
  • Healthcare
  • Security and Proximity
  • Electronics
  • Industrial
  • Automation
  • Automotive
  • Others

Middle East and Africa Wearable Electronic Devices Market Regional Analysis/Insights

The Middle East and Africa wearable electronic devices market is analysed and market size insights and trends are provided by country, type and application, as referenced above.

The countries covered in the Middle East and Africa wearable electronic devices market report are the Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Kuwait, Qatar, and rest of Middle East and Africa.

The Saudi Arabia dominates the wearable electronic devices market due to its strong technological expertise and innovation capabilities. The country has a robust research and development infrastructure and is home to several renowned universities and research institutes specializing in imaging technologies. This ecosystem fosters the development of cutting-edge flowmeter solutions and facilitates collaborations between academia and industry.   

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Semiconductor Infrastructure Growth Installed base and New Technology Penetration

The Middle East and Africa wearable electronic devices market also provides you with a detailed market analysis for every country's growth in wearable electronic devices for capital equipment, installed base of different kinds of products for market, the impact of technology using life line curves, and changes in semiconductor regulatory scenarios and their impact on the Flowmeters market. The data is available for the historic period 2015-2020.

Competitive Landscape and Middle East and Africa Wearable Electronic Devices Market Share Analysis

The wearable electronic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the Middle East and Africa wearable electronic devices market are:

  • Apple Inc. (U.S)
  • PUMA SE (U.K)
  • Seiko Epson Corporation (U.S.)
  • Fitbit, Inc. (U.S.)
  • LG Electronics (South Korea),
  • SAMSUNG (South Korea)
  • Garmin Ltd. (U.S.)
  • Huawei Technologies Co., Ltd. (China)
  • Polar Electro(U.S.)
  • HTC Corporation and UMIDIGI (U.S.)
  • Sonly Middle East & Africa (Sony Corporation) (Japan)
  • Lenovo Group Limited (China)
  •  Amazfit (Huami Corporation) (U.S.)
  • LG Electronics Inc. (South Korea)
  • Fossil Group Inc (U.S).


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The Middle East and Africa Wearable Electronic Devices Market will be worth USD 4,592 million by 2030.
The Middle East and Africa Wearable Electronic Devices Market Growth rate is 18.4% during the forecast period
The Increasing Health and Fitness Awareness, Technological Advancements, and Growing Smartphone Penetration are the Growth Drivers of the Middle East and Africa Wearable Electronic Devices Market.
The type and application are the factors on which the Middle East and Africa Wearable Electronic Devices Market research is based.
Xiaomi introduced the Smart Band 7 Pro in the UAE. Through its larger viewing area and auto-brightness feature, the Xiaomi Smart Band 7 Pro improves every discriminating user's watching experience in a lot more practical and enjoyable way without sacrificing its beautiful details and With the assistance of Intertec Group, which serves as the country of Qatar's authorized distributor for Amzfit smart watches, Amazfit, a global brand of wearable technology owned by Zepp Health, has introduced the fourth generation of its GTR and GTS series in Qatar are the latest developments in the Middle East and Africa Wearable Electronic Devices Market.