GCC Smartwatch Market is Likely to Demonstrate a Growth Rate (CAGR) of 5.50% in the Forecast Period (2024-2030)

The trend of smartwatches has seen a tremendous rise in the last few years given their several advantages. A smartwatch is a small handy device worn on the wrist like a regular watch & partly performs the functions of a smartphone. One can easily track their calls, messages, fitness, music, and even talk via a smartwatch. MarkNtel Advisors recently published a research report stating that 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.

According to the report, the prominent factors causing the growth of smartwatches in GCC countries like the UAE, Saudi Arabia, etc., include the intensifying mindfulness regarding health & fitness, developing fashion & style trends, escalating digitization, and a growing e-commerce sector. Furthermore, the snowballing workload, detrimental eating habits, and sedentary workout regimes have resulted in a shift in the lifestyle of consumers.

Also, due to this, the occurrence of disorders, including diabetes, obesity, and others in the region has risen prominently. Thus, to keep track of their health, people in GCC are increasingly opting for smartwatches, further proliferating the market growth. Besides, the increasing government initiatives to provide smartwatches to tourists & travelers have driven the GCC Smartwatch Market significantly.

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Breaking Down the Assorted Market Segmentation of the GCC Smartwatch Market

By Operating Systems (Watch OS, Android/Wear OS, and Other Operating Systems)
By Display Type (AMOLED, PMOLED, and TFT LCD)
By Type (Analog and Digital)
By Price Range (Up to USD 100, USD 101 to USD 250, USD 251 to 500, and Above USD 500)
By Strap Type (Metal Chain, Leather, Rubber, Silicone, and Others)
By Shape (Oval, Rectangular, Round, and Squared)
By Screen Size (Up to 32.9 mm, 33 to 34.9 mm, 35 to 37 mm, and Above 37 mm)
By Sales Channel (Online, Exclusive Outlets, Multi-brand Stores, and Others)
By User Type (Boys, Girls, and Adults (Men, Women, Unisex))
By Application (Qualitative Analysis) (Personal Assistance, Medical, Sports, and Other Applications)
By Country (The UAE, Saudi-Arabia, Qatar, Oman, Bahrain, and Kuwait)

The Online segment retained a leading market share in the GCC Smartwatch Market. Nowadays, the population of GCC nations choose to purchase products, especially electronic gadgets online owing to the convenience offered by online portals. Thus, many of the consumers are preferring to purchase smartwatches online given their availability in various types, colors, and different brands. Moreover, consumers have the freedom to choose from wide-ranging options as per their needs, wants, and budgets, hence elevating the online sale segment growth.

Saudi Arabia attained a noteworthy share in the GCC Smartwatch Market. Saudi Arabia boasts of a technologically advanced population with a sturdy inclination towards innovative gadgets & advances. The youth population of the country is increasingly looking out for novel technologies, such as smartwatches due to their mounting urge for connectivity, accessibility, and staying up to date with modern tech trends. Moreover, the rising focus on health & fitness in the country given the increasing prevalence of health consciousness projects and initiatives has led to the upsurge in the adoption of smartwatches. Since these smartwatches aid in monitoring the sleep cycle, heart rate, step count, etc., hence, people are increasingly opting for them in Saudi Arabia further boosting the market growth.

Glancing at the Prominent Market Contenders Retaining a Substantial Share in the GCC Smartwatch Market

The prominent market players in the GCC Smartwatch Market 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. With the constantly changing market trends & continuously evolving consumer requirements, these companies have successfully catered to diverse needs and maintained a robust position in the market.

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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.