Middle East & Africa Smartwatch Market Size & Outlook

The smartwatch market in Middle East & Africa is expected to reach a projected revenue of US$ 1,440.7 million by 2030. A compound annual growth rate of 4.8% is expected of Middle East & Africa smartwatch market from 2023 to 2030.
Revenue, 2022 (US$M)
$988.8
Forecast, 2030 (US$M)
$1,440.7
CAGR, 2023 - 2030
4.8%
Report Coverage
Middle East & Africa

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Middle East & Africa smartwatch market, 2018-2030 (US$M)

Middle East & Africa smartwatch market, 2018-2030 (US$M)

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MEA smartwatch market highlights

  • The MEA smartwatch market generated a revenue of USD 988.8 million in 2022.
  • The market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
  • In terms of segment, 400-699 usd was the largest revenue generating price in 2022.
  • 0-99 USD is the most lucrative price segment registering the fastest growth during the forecast period.


MEA data book summary

Market revenue in 2022USD 988.8 million
Market revenue in 2030USD 1,440.7 million
Growth rate4.8% (CAGR from 2022 to 2030)
Largest segment400-699 usd
Fastest growing segment0-99 USD
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentation0-99 USD, 100-199 USD, 200-299 USD, 300-399 USD, 400-699 USD, 700-999 USD, Above 1000 USD
Key market players worldwideAnalog Devices Inc, ARM Holdings PLC ADR, Microchip Technology Inc, Broadcom Inc, Intel Corp, Silicon Laboratories Inc, Qualcomm Inc, Nordic Semiconductor ASA, Huawei Technologies, Ingenic Semiconductor


Other key industry trends

  • In terms of revenue, MEA region accounted for 2.6% of the global smartwatch market in 2022.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 19,304.5 million by 2030.

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Smartwatch Market Companies

Name Profile # Employees HQ Website
Ingenic Semiconductor View profile 501-1000 Haidian, Beijing, China, Asia http://www.ingenic.com/
Huawei Technologies View profile 10001+ Shenzhen, Guangdong, China, Asia http://huawei.com
Nordic Semiconductor ASA View profile 1493 Otto Nielsens veg 12, Trondheim, Norway, 7052 https://www.nordicsemi.com
Silicon Laboratories Inc View profile 1846 400 West Cesar Chavez, Austin, TX, United States, 78701 https://www.silabs.com
Microchip Technology Inc View profile 22600 2355 West Chandler Boulevard, Chandler, AZ, United States, 85224-6199 https://www.microchip.com
Qualcomm Inc View profile 50000 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 https://www.qualcomm.com
ARM Holdings PLC ADR View profile 7096 110 Fulbourn Road, Cambridge, United Kingdom, CB1 9NJ https://www.arm.com
Analog Devices Inc View profile 26000 One Analog Way, Wilmington, MA, United States, 01887 https://www.analog.com
Broadcom Inc View profile 20000 3421 Hillview Avenue, Palo Alto, CA, United States, 94304 https://www.broadcom.com
Intel Corp View profile 124800 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 https://www.intel.com

Middle East & Africa smartwatch market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smartwatch market will help companies and investors design strategic landscapes.


400-699 usd was the largest segment with a revenue share of 40.49% in 2022. Horizon Databook has segmented the Middle East & Africa smartwatch market based on 0-99 usd, 100-199 usd, 200-299 usd, 300-399 usd, 400-699 usd, 700-999 usd, above 1000 usd covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa smartwatch market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smartwatch market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Middle East & Africa Smartwatch Market Outlook Share, 2022 & 2030 (US$M)

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