Middle East and Africa Smartwatch Market 2022 Precise Outlook - Apple Inc., Samsung Electronics Co. Ltd, Garmin Ltd, Fitbit Inc. (Google Inc.), Huawei Technologies Co. Ltd

The Middle East and Africa Smartwatch Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global smartwatch market was valued at the volume of 68.59 million units in 2020, and it is expected to reach 230.30 million units by 2026, registering a CAGR of 21.98% during the forecast period (2021-2026).

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Top Leading Companies of Middle East and Africa Smartwatch Market are Apple Inc., Samsung Electronics Co. Ltd, Garmin Ltd, Fitbit Inc. (Google Inc.), Huawei Technologies Co. Ltd, Sonly Middle East & Africa (Sony Corporation), Lenovo Group Limited, Amazfit (Huami Corporation), LG Electronics Inc., Fossil Group Inc. and others.

Industry News and Updates

February 2022 - HONOR announced the launch of a brand-new smartwatch, the HONOR MagicWatch 2 in the UAE and Saudi Arabia. Equipped with the HUAWEI TruSleep2.0, HUAWEI TruRelax, and HUAWEI TruSeen 3.5, the HONOR MagicWatch 2 can be users wellness advisor to help live healthier and enhance the quality of life and comes with breakthrough battery performance up to 14 days, intelligent fitness and health monitoring technologies.

- October 2019 - Huawei Tech Investment Saudi Arabia Co. Ltd launched the HUAWEI WATCH GT 2 during an exclusive launch event that took place in Riyadh. HUAWEI WATCH GT 2, is the companyÕs next-generation smartwatch, powered by the firmÕs proprietary Kirin A1 chip, offering an upgraded user experience and battery life of 14 days. It also provides new wellness features that allow for hassle-free monitoring of the userÕs heart rate, daily sleep, and other attributes.

Key Market Trends

United Arab Emirates is Expected to Hold Major Share

- According to the Arab Health, one of the largest gatherings of healthcare and trade professionals, 45% of GCC residents find wearable tech, such as smartwatches or fitness trackers, an effective way to monitor their health. Increasing consumer spending in countries, like the United Arab Emirates, is expected to augment the market's growth. Consumer Spending in the UAE increased to AED 434015.66 million in 2018 from AED 426882.68 million in 2017.

- Further, according to the Samsung Gulf Electronics, the smartwatch is no more only a smartwatch or just a tool, but it is now a fashion that is part of consumers' day-to-day life. Style and functionality are among the significant aspects of driving the wearables in the United Arab Emirates. Consumers are increasingly looking out for sleek designs, trendy interfaces, and different types and colors of straps. The next wave of growth for the smartwatch market is expected to rise from the adoption by value-seeking consumers and from existing fitness band owners looking to enhance to smartwatches now that they provide a better value proposition.

Regional Outlook of Middle East and Africa Smartwatch Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Middle East and Africa Smartwatch Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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