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LAMEA Wearable Technology Market Size, Share & Industry Trends Analysis Report By Device (Fitness, Smart Watches, Smart Glasses, Smart Clothing, and Others), By Product Type, By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 154 Pages
  • November 2023
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5916765
The Latin America, Middle East and Africa Wearable Technology Market would witness market growth of 17.1% CAGR during the forecast period (2023-2030).

Smartwatches and fitness trackers dominate the market, offering users a blend of style and functionality. These devices provide fitness metrics and serve as extensions of smartphones, allowing users to receive notifications, make calls, and even control smart home devices. Integrating AI and IoT has propelled wearables to new heights. Smart wearables can now analyze user behavior, learn preferences, and provide personalized recommendations. Additionally, IoT connectivity enables seamless communication between devices, creating a more interconnected and efficient user experience.

Wearable devices play a crucial role in healthcare, monitoring vital signs, tracking chronic conditions, and enhancing remote patient monitoring. This facilitates proactive healthcare management and reduces the burden on traditional healthcare systems. Wearables have become indispensable tools for fitness enthusiasts and athletes. From GPS-enabled sports watches to smart clothing with biometric sensors, these devices help individuals optimize their workouts, track performance, and achieve their fitness goals.

According to the International Trade Administration (ITA), the UAE ranked ninth as a global defense importer from 2016 to 2020. The UAE expended $19.8 billion on defense in 2020, and between 2010 and 2019, it spent 15-16% of its annual defense budget on procurement with foreign suppliers. Adopting wearable technology in the defense sector enhances military personnel's effectiveness, efficiency, and safety. Collaboration between government defense agencies and technology companies can lead to the development of specialized wearable solutions tailored to the needs of the UAE defense sector. These aspects will boost market growth in the coming years.

The Brazil market dominated the LAMEA Wearable Technology Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,864.4 million by 2030. The Argentina market is showcasing a CAGR of 17.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 16.7% during (2023 - 2030).

Based on Device, the market is segmented into Fitness, Smart Watches, Smart Glasses, Smart Clothing, and Others. Based on Product Type, the market is segmented into Wrist Wear, Eyewear, Hearables, Neckwear, Bodywear, and Others. Based on Application, the market is segmented into Fitness & Sports, Consumer Applications, Entertainment, Healthcare, Lifestyle, Defense, and Enterprise. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Garmin Ltd., Motorola Solutions, Inc., Fitbit, Inc. (Google LLC), Nike, Inc., Adidas AG, LG Electronics, Inc. (LG Corporation), Sony Corporation and Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)

Scope of the Study

Market Segments Covered in the Report:

By Device
  • Fitness
  • Smart Watches
  • Smart Glasses
  • Smart Clothing
  • Others
By Product Type
  • Wrist Wear
  • Eyewear
  • Hearables
  • Neckwear
  • Bodywear
  • Others
By Application
  • Fitness & Sports
  • Consumer Applications
  • Entertainment
  • Healthcare
  • Lifestyle
  • Defense
  • Enterprise
By Country
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Apple, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Garmin Ltd.
  • Motorola Solutions, Inc.
  • Fitbit, Inc. (Google LLC)
  • Nike, Inc.
  • Adidas AG
  • LG Electronics, Inc. (LG Corporation)
  • Sony Corporation
  • Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Wearable Technology Market, by Device
1.4.2 LAMEA Wearable Technology Market, by Product Type
1.4.3 LAMEA Wearable Technology Market, by Application
1.4.4 LAMEA Wearable Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Aug- 2023, Sep) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. LAMEA Wearable Technology Market by Device
5.1 LAMEA Fitness Market by Country
5.2 LAMEA Smart Watches Market by Country
5.3 LAMEA Smart Glasses Market by Country
5.4 LAMEA Smart Clothing Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Wearable Technology Market by Product Type
6.1 LAMEA Wrist Wear Market by Country
6.2 LAMEA Eyewear Market by Country
6.3 LAMEA Hearables Market by Country
6.4 LAMEA Neckwear Market by Country
6.5 LAMEA Bodywear Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Wearable Technology Market by Application
7.1 LAMEA Fitness & Sports Market by Country
7.2 LAMEA Consumer Applications Market by Country
7.3 LAMEA Entertainment Market by Country
7.4 LAMEA Healthcare Market by Country
7.5 LAMEA Lifestyle Market by Country
7.6 LAMEA Defense Market by Country
7.7 LAMEA Enterprise Market by Country
Chapter 8. LAMEA Wearable Technology Market by Country
8.1 Brazil Wearable Technology Market
8.1.1 Brazil Wearable Technology Market by Device
8.1.2 Brazil Wearable Technology Market by Product Type
8.1.3 Brazil Wearable Technology Market by Application
8.2 Argentina Wearable Technology Market
8.2.1 Argentina Wearable Technology Market by Device
8.2.2 Argentina Wearable Technology Market by Product Type
8.2.3 Argentina Wearable Technology Market by Application
8.3 UAE Wearable Technology Market
8.3.1 UAE Wearable Technology Market by Device
8.3.2 UAE Wearable Technology Market by Product Type
8.3.3 UAE Wearable Technology Market by Application
8.4 Saudi Arabia Wearable Technology Market
8.4.1 Saudi Arabia Wearable Technology Market by Device
8.4.2 Saudi Arabia Wearable Technology Market by Product Type
8.4.3 Saudi Arabia Wearable Technology Market by Application
8.5 South Africa Wearable Technology Market
8.5.1 South Africa Wearable Technology Market by Device
8.5.2 South Africa Wearable Technology Market by Product Type
8.5.3 South Africa Wearable Technology Market by Application
8.6 Nigeria Wearable Technology Market
8.6.1 Nigeria Wearable Technology Market by Device
8.6.2 Nigeria Wearable Technology Market by Product Type
8.6.3 Nigeria Wearable Technology Market by Application
8.7 Rest of LAMEA Wearable Technology Market
8.7.1 Rest of LAMEA Wearable Technology Market by Device
8.7.2 Rest of LAMEA Wearable Technology Market by Product Type
8.7.3 Rest of LAMEA Wearable Technology Market by Application
Chapter 9. Company Profiles
9.1 Apple, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Samsung Electronics Co., Ltd. (Samsung Group)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Product Launches and Product Expansions:
9.2.5 SWOT Analysis
9.3 Sony Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Garmin Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Motorola Solutions, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional & Segmental Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.6 Fitbit, Inc (Google LLC)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Nike, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Product Launches and Product Expansions:
9.7.4.2 Acquisition and Mergers:
9.7.5 SWOT Analysis
9.8 Adidas AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 LG Electronics, Inc. (LG Corporation)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • Apple, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Garmin Ltd.
  • Motorola Solutions, Inc.
  • Fitbit, Inc. (Google LLC)
  • Nike, Inc.
  • Adidas AG
  • LG Electronics, Inc. (LG Corporation)
  • Sony Corporation
  • Huawei Technologies Co., Ltd. (Huawei investment & Holding Co., Ltd.)

Methodology

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