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PUBLISHER: KBV Research | PRODUCT CODE: 1395892
PUBLISHER: KBV Research | PRODUCT CODE: 1395892
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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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
Companies Profiled
- 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 from KBV Research
- Exhaustive coverage
- 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
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
- 4.1 KBV 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
LIST OF TABLES
- TABLE 1 LAMEA Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements - Wearable Technology Market
- TABLE 4 Product Launches And Product Expansions - Wearable Technology Market
- TABLE 5 Acquisition and Mergers - Wearable Technology Market
- TABLE 6 LAMEA Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 7 LAMEA Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 8 LAMEA Fitness Market by Country, 2019 - 2022, USD Million
- TABLE 9 LAMEA Fitness Market by Country, 2023 - 2030, USD Million
- TABLE 10 LAMEA Smart Watches Market by Country, 2019 - 2022, USD Million
- TABLE 11 LAMEA Smart Watches Market by Country, 2023 - 2030, USD Million
- TABLE 12 LAMEA Smart Glasses Market by Country, 2019 - 2022, USD Million
- TABLE 13 LAMEA Smart Glasses Market by Country, 2023 - 2030, USD Million
- TABLE 14 LAMEA Smart Clothing Market by Country, 2019 - 2022, USD Million
- TABLE 15 LAMEA Smart Clothing Market by Country, 2023 - 2030, USD Million
- TABLE 16 LAMEA Others Market by Country, 2019 - 2022, USD Million
- TABLE 17 LAMEA Others Market by Country, 2023 - 2030, USD Million
- TABLE 18 LAMEA Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 19 LAMEA Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 20 LAMEA Wrist Wear Market by Country, 2019 - 2022, USD Million
- TABLE 21 LAMEA Wrist Wear Market by Country, 2023 - 2030, USD Million
- TABLE 22 LAMEA Eyewear Market by Country, 2019 - 2022, USD Million
- TABLE 23 LAMEA Eyewear Market by Country, 2023 - 2030, USD Million
- TABLE 24 LAMEA Hearables Market by Country, 2019 - 2022, USD Million
- TABLE 25 LAMEA Hearables Market by Country, 2023 - 2030, USD Million
- TABLE 26 LAMEA Neckwear Market by Country, 2019 - 2022, USD Million
- TABLE 27 LAMEA Neckwear Market by Country, 2023 - 2030, USD Million
- TABLE 28 LAMEA Bodywear Market by Country, 2019 - 2022, USD Million
- TABLE 29 LAMEA Bodywear Market by Country, 2023 - 2030, USD Million
- TABLE 30 LAMEA Others Market by Country, 2019 - 2022, USD Million
- TABLE 31 LAMEA Others Market by Country, 2023 - 2030, USD Million
- TABLE 32 LAMEA Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 33 LAMEA Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 34 LAMEA Fitness & Sports Market by Country, 2019 - 2022, USD Million
- TABLE 35 LAMEA Fitness & Sports Market by Country, 2023 - 2030, USD Million
- TABLE 36 LAMEA Consumer Applications Market by Country, 2019 - 2022, USD Million
- TABLE 37 LAMEA Consumer Applications Market by Country, 2023 - 2030, USD Million
- TABLE 38 LAMEA Entertainment Market by Country, 2019 - 2022, USD Million
- TABLE 39 LAMEA Entertainment Market by Country, 2023 - 2030, USD Million
- TABLE 40 LAMEA Healthcare Market by Country, 2019 - 2022, USD Million
- TABLE 41 LAMEA Healthcare Market by Country, 2023 - 2030, USD Million
- TABLE 42 LAMEA Lifestyle Market by Country, 2019 - 2022, USD Million
- TABLE 43 LAMEA Lifestyle Market by Country, 2023 - 2030, USD Million
- TABLE 44 LAMEA Defense Market by Country, 2019 - 2022, USD Million
- TABLE 45 LAMEA Defense Market by Country, 2023 - 2030, USD Million
- TABLE 46 LAMEA Enterprise Market by Country, 2019 - 2022, USD Million
- TABLE 47 LAMEA Enterprise Market by Country, 2023 - 2030, USD Million
- TABLE 48 LAMEA Wearable Technology Market by Country, 2019 - 2022, USD Million
- TABLE 49 LAMEA Wearable Technology Market by Country, 2023 - 2030, USD Million
- TABLE 50 Brazil Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 51 Brazil Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 52 Brazil Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 53 Brazil Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 54 Brazil Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 55 Brazil Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 56 Brazil Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 57 Brazil Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 58 Argentina Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 59 Argentina Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 60 Argentina Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 61 Argentina Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 62 Argentina Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 63 Argentina Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 64 Argentina Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 65 Argentina Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 66 UAE Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 67 UAE Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 68 UAE Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 69 UAE Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 70 UAE Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 71 UAE Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 72 UAE Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 73 UAE Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 74 Saudi Arabia Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 75 Saudi Arabia Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 76 Saudi Arabia Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 77 Saudi Arabia Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 78 Saudi Arabia Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 79 Saudi Arabia Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 80 Saudi Arabia Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 81 Saudi Arabia Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 82 South Africa Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 83 South Africa Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 84 South Africa Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 85 South Africa Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 86 South Africa Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 87 South Africa Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 88 South Africa Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 89 South Africa Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 90 Nigeria Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 91 Nigeria Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 92 Nigeria Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 93 Nigeria Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 94 Nigeria Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 95 Nigeria Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 96 Nigeria Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 97 Nigeria Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 98 Rest of LAMEA Wearable Technology Market, 2019 - 2022, USD Million
- TABLE 99 Rest of LAMEA Wearable Technology Market, 2023 - 2030, USD Million
- TABLE 100 Rest of LAMEA Wearable Technology Market by Device, 2019 - 2022, USD Million
- TABLE 101 Rest of LAMEA Wearable Technology Market by Device, 2023 - 2030, USD Million
- TABLE 102 Rest of LAMEA Wearable Technology Market by Product Type, 2019 - 2022, USD Million
- TABLE 103 Rest of LAMEA Wearable Technology Market by Product Type, 2023 - 2030, USD Million
- TABLE 104 Rest of LAMEA Wearable Technology Market by Application, 2019 - 2022, USD Million
- TABLE 105 Rest of LAMEA Wearable Technology Market by Application, 2023 - 2030, USD Million
- TABLE 106 Key Information - Apple, Inc.
- TABLE 107 Key Information - Samsung Electronics Co., Ltd.
- TABLE 108 Key Information - Sony Corporation
- TABLE 109 Key Information - Garmin Ltd.
- TABLE 110 Key Information - Motorola Solutions, Inc.
- TABLE 111 Key Information - Fitbit, Inc.
- TABLE 112 Key Information - Nike, Inc.
- TABLE 113 Key Information - Adidas AG
- TABLE 114 Key Information - LG Electronics, Inc.
- TABLE 115 Key Information - Huawei Technologies Co., Ltd.
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