Press release
GCC Smartwatch Market Report 2030: Size, Growth, Trends & Opportunities
The GCC Smartwatch Market is anticipated to grow steadily during the forecast period [2024-2030], with a base year of [2023]. This growth is driven by evolving technologies, changing consumer preferences, and expanding applications across various industries.
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• Market Size, Share, and Forecasting
• Segment-Level Insights
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Smartwatch Market Trend in GCC
Increasing Inclination Towards Customizable & Technologically Advanced Smartwatches - The Gen Z population in the GCC countries, like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, etc., is significantly increasing, fueling the demand for tailored & personalized smartwatches in the region. The Gen Z population follows popular influencers online, and these individuals generally seek fashion & styling tips from these influencers. According to the research survey by iCuberWire, in 2023, approximately 66% of Gen Z consumers purchased products based on their favorite influencer's recommendation. These influencers have quoted smartwatches as fashion accessories since they are aesthetically appealing, driving the sales of smartwatches in GCC.
In addition, these influencers are opting for tailored smartwatches for a more personalized experience. As a result, the Gen Z population in the GCC countries is purchasing smartwatches, driving the GCC Smartwatch Market.
Moreover, market players like Casio, Samsung, etc., are increasingly amalgamating emerging technologies and innovations, such as augmented reality (AR), biometric authentication, and advanced sensors, within their smartwatches. These technologically advanced smartwatches provide customized app layouts and set preferences for notifications & widgets. As a result, more consumers will purchase smartwatches in the forthcoming year to benefit from the functional versatility of technologically advanced smartwatches.
GCC Smartwatch Market Size, Share & Revenue
The size of GCC Smartwatch market was valued at USD XX billion in 2024, and it and is projected to reach USD XX billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.50% during the forecast period 2024-2030.
Time Frame Covered in the Report:
• Historical Years: [2019-2023]
• Base Year: [2023]
• Forecast Period: [2024-2030]
Leading Smartwatch Companies in GCC Market
Prominent GCC Smartwatch companies contributing to market development include:
• Apple Inc.
• Samsung Electronics Co. Ltd.
• Garmin Ltd.
• Fitbit Inc. (Google Inc.)
• Huawei Technologies Co. Ltd.
• Sony Middle East & Africa (Sony Corporation)
• Lenovo Group Limited
• Amazfit (Huami Corporation)
• LG Electronics Inc.
• Fossil Group Inc.
• Others
These players are investing in innovation, expanding their geographical footprint, and adapting to dynamic market needs.
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GCC Smartwatch Industry Segment and Geographical Breakdown
The market is segmented to offer a granular view of key areas:
By Operating Systems
> Watch OS
> Android/Wear OS
> Other Operating Systems
By Display Type
> AMOLED
> PMOLED
> TFT LCD
By Type
> Analog
> Digital
By Price Range
> Upto USD100
> USD101 to USD250
> USD251 to 500
> Above USD 500
By Strap Type
> Metal Chain
> Leather
> Rubber
> Silicone
> Others
By Shape
> Oval
> Rectangular
> Round
> Squared
By Screen Size
> Upto 32.9 mm
> 33 to 34.9 mm
> 35 to 37 mm
> Above 37 mm
By Sales Channel
> Online
> Exclusive Outlets
> Multi-brand Stores
> Others
By User Type
> Boys
> Girls
> Adults (Men, Women, Unisex)
By Application (Qualitative Analysis)
> Personal Assistance
> Medical
> Sports
> Other Applications
By Country
> The UAE
> Saudi-Arabia
> Qatar
> Oman
> Bahrain
> Kuwait
GCC Smartwatch Market Opportunity:
Rising Digitalization Initiatives & Digital Payments Presenting Lucrative Opportunities - In recent years, the governments of the GCC countries have started focusing on digitalizing the administrative services & production processes in different industry verticals to gain a competitive edge over other countries. The governments of these nations are investing heavily to upgrade their countries's digital infrastructure, facilitating the adoption of digital services within the various industry verticals. According to the Ministry of Communication & Technology, the government of the UAE will continue to invest over USD 20 billion by 2026 to upgrade the digital technologies within the country. These rising investments to encourage the adoption of digital services would provide a conducive environment for smartwatch adoption and uplift market growth.
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Table of Contents: GCC Smartwatch
• Table 1: GCC Smartwatch Market Size & Forecast by Revenues (USD Million) 2019-2030
• Table 2: GCC Smartwatch Market Size & Forecast by Unit Sold (Thousand) 2019-2030
• Table 3: Market Share Analysis by Operating Systems 2019-2030
• Table 4: GCC Smartwatch Market Size & Forecast by Display Type 2019-2030 (AMOLED, PMOLED, TFT LCD)
• Table 5: GCC Smartwatch Market Size & Forecast by Type (Analog, Digital) 2019-2030
• Table 6: GCC Smartwatch Market Size & Forecast by Price Range 2019-2030
• Table 7: GCC Smartwatch Market Size & Forecast by Strap Type 2019-2030
• Table 8: GCC Smartwatch Market Size & Forecast by Shape 2019-2030
• Table 9: GCC Smartwatch Market Size & Forecast by Screen Size 2019-2030
• Table 10: GCC Smartwatch Market Size & Forecast by Sales Channel 2019-2030
• Table 11: GCC Smartwatch Market Size & Forecast by User Type 2019-2030
• Table 12: GCC Smartwatch Market Size & Forecast by Application 2019-2030
• Table 13: UAE Smartwatch Market Size & Analysis by Revenues (USD Million) 2019-2030
• Table 14: Saudi Arabia Smartwatch Market Size & Analysis by Unit Sold (Thousand) 2019-2030
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