GCC Smartwatch Market to Grasp Excellent Growth by 2030
According to the latest market research report title “GCC Smartwatch Market 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), By Application (Personal Assistance, Medical, Sports) and Others–Forecast to 2030″, published by MarkNtel Advisors, The GCC Smartwatch Market size is expected to exhibit a growth rate (CAGR) of around 5.50% during the forecast period, i.e., 2024-2030.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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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.
In addition, consumers in GCC countries like the UAE & Saudi Arabia are choosing digital payment solutions. According to the survey by Master Card, a digital payment-providing company, in 2022, around 88% of the total population in the UAE used online payment applications. This surging inclination towards digital payment solutions is compelling the major market players, like Apple, Samsung, etc., to launch smartwatches with digital payment options. The rising launches of smartwatches with digital & contactless payment solutions would gain the attention of consumers who prefer flexibility & convenience, augmenting the GCC Smartwatch Market during the forecast years.
GCC Smartwatch Market Segmentation
The GCC Smartwatch Market is highly robust and fragmented into numerous segments;
By Operating Systems
-Watch OS- Market Size & Forecast 2019-2030, USD Million & Thousand
-Android/Wear OS- Market Size & Forecast 2019-2030, USD Million & Thousand
-Other Operating Systems- Market Size & Forecast 2019-2030, USD Million & Thousand
By Display Type
-AMOLED- Market Size & Forecast 2019-2030, USD Million & Thousand
-PMOLED- Market Size & Forecast 2019-2030, USD Million & Thousand
-TFT LCD- Market Size & Forecast 2019-2030, USD Million & Thousand
By Type
-Analog- Market Size & Forecast 2019-2030, USD Million & Thousand
-Digital- Market Size & Forecast 2019-2030, USD Million & Thousand
By Price Range
-Upto USD100- Market Size & Forecast 2019-2030, USD Million & Thousand
-USD101 to USD250- Market Size & Forecast 2019-2030, USD Million & Thousand
-USD251 to 500- Market Size & Forecast 2019-2030, USD Million & Thousand
-Above USD 500- Market Size & Forecast 2019-2030, USD Million & Thousand
By Strap Type
-Metal Chain- Market Size & Forecast 2019-2030, USD Million & Thousand
-Leather- Market Size & Forecast 2019-2030, USD Million & Thousand
-Rubber- Market Size & Forecast 2019-2030, USD Million & Thousand
-Silicone- Market Size & Forecast 2019-2030, USD Million & Thousand
-Others- Market Size & Forecast 2019-2030, USD Million & Thousand
By Shape
-Oval- Market Size & Forecast 2019-2030, USD Million & Thousand
-Rectangular- Market Size & Forecast 2019-2030, USD Million & Thousand
-Round- Market Size & Forecast 2019-2030, USD Million & Thousand
-Squared- Market Size & Forecast 2019-2030, USD Million & Thousand
By Screen Size
-Upto 32.9 mm- Market Size & Forecast 2019-2030, USD Million & Thousand
-33 to 34.9 mm- Market Size & Forecast 2019-2030, USD Million & Thousand
-35 to 37 mm- Market Size & Forecast 2019-2030, USD Million & Thousand
-Above 37 mm- Market Size & Forecast 2019-2030, USD Million & Thousand
By Sales Channel
-Online- Market Size & Forecast 2019-2030, USD Million & Thousand
-Exclusive Outlets- Market Size & Forecast 2019-2030, USD Million & Thousand
-Multi-brand Stores- Market Size & Forecast 2019-2030, USD Million & Thousand
-Others
By User Type
-Boys- Market Size & Forecast 2019-2030, USD Million & Thousand
-Girls- Market Size & Forecast 2019-2030, USD Million & Thousand
-Adults (Men, Women, Unisex) – Market Size & Forecast 2019-2030, USD Million & Thousand
By Application (Qualitative Analysis)
-Personal Assistance- Market Size & Forecast 2019-2030, USD Million & Thousand
-Medical- Market Size & Forecast 2019-2030, USD Million & Thousand
-Sports- Market Size & Forecast 2019-2030, USD Million & Thousand
-Other Applications- Market Size & Forecast 2019-2030, USD Million & Thousand
By Country
-The UAE
-Saudi-Arabia
-Qatar
-Oman
-Bahrain
-Kuwait
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Key Players Operating in the GCC Smartwatch Market: –
Amazfit (Huami Corporation)
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
LG Electronics Inc.
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Fossil Group Inc.
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the GCC Smartwatch Market during the forecast period?
- Which segment is expected to lead the GCC Smartwatch Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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