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), Country (South Africa and Rest of Middle East and Africa) Industry Trends & Forecast to 2027
Market Analysis and Insights : Middle East and Africa Wearable Electronic Devices Market
Wearable electronic devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 18.4% in the forecast period of 2020 to 2027 and is expected to reach USD 2,484.34 million by 2027 from USD 1,017.04 million in 2019. Rising awareness about health and fitness along with high adoption of digitalization and changing lifestyle of people is the major driver which is propelling the market in the forecast period.
Wearable electronics are desperate from the mobile devices because of their size and because they are designed essentially to be worn on the human body. A true piece of wearable electronics, which is, conceptually connected to the wearer’s body, is often expected to be worn for work. Some wearable devices allow the user to interface to be present and available all the time, meaning they are more obtrusive than devices that have no feedback such as a heart rate monitor's wrist unit and chest belt. The essential elements required for wearable technologies include actuators, sensors and controllers as a power source and software for data acquisition, transfer and storage. Computing has evolved with the time and the new focus towards wearable IoT devices is a new form of smart technology in order to give accurate and precise data for the wearable electronic devices in the market. The demand owing to increase in IoT and connected devices have also boost the electronic devices market. Further high cost and availability of alternative substitute is expected to restraint the usage of wearable electronic devices in the forecasted period.
The wearable electronic devices market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Wearable electronic devices market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the Middle East and Africa wearable electronic devices market is segmented into head-mounted displays, smartwatches, ear-worn devices (hearables), sports watches, smart garments and wristbands. In 2020, smartwatches are dominating in the market due to smartwatches demand is continuously increasing around the world due to increasing demand of smart gadgets for health monitoring (fall detection), fitness monitoring, notifications and voice calls, reminders, contactless payment, and entertainment among others.
- On the basis of application, the Middle East and Africa wearable electronic devices market is segmented into sports and fitness, healthcare, security and proximity, automotive, electronics, automation, industrial and others. In 2020, sports and fitness segment is expected to dominate the market as due to continuous increasing adoption of wearable electronic devices for sports and fitness in the order to enhanced sports, fitness, and well-being by monitoring physiological conditions of wearers.
Wearable Electronic Devices Market Country Level Analysis
The wearable electronic devices market is analysed and market size information is provided by type and application.
The countries covered in the wearable electronic devices market report are the South Africa and rest of Middle East and Africa.
South Africa is dominating the Middle East and Africa market with the increasing demand for the smart wearables used in different applications and sectors in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing New Product Launch in Wearable Electronic Devices is Creating New Opportunities for Players in the Wearable Electronic Devices Market
Wearable electronic devices market also provides you with detailed market analysis for every country growth in particular industry with wearable electronic devices sales, impact of advancement in the wearable electronic devices and changes in regulatory scenarios with their support for the wearable electronic devices market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Wearable Electronic Devices Market Share Analysis
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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to wearable electronic devices market.
The major players covered in the report are Apple Inc., PUMA SE, Seiko Epson Corporation, Fitbit, Inc., LG Electronics., SAMSUNG, Garmin Ltd., Huawei Technologies Co., Ltd., Polar Electro, HTC Corporation and UMIDIGI, among other domestic and Middle East and Africa players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the wearable electronic devices market.
- In September 2018, Apple Inc., launched Apple Watch Series 4, redesigned and reengineered to help users stay connected, become more active and manage their health in new and powerful ways. This new product launch by Apple Inc. increased its product portfolio in the market.
Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the wearable electronic devices market which also provides the benefit for organisation to improve their offering for wearable electronic devices.
Customization Available : Middle East and Africa Wearable Electronic Devices Market
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 customised 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 analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.