Summary

The customs and traditions of Saudi Arabian society have a big impact on the wearable technology sector. With a typical age of about 31, people in the Kingdom are young and tech-savvy. This is a young group that is ready to adopt wearables and other new tech trends. Nonetheless, consumer tastes are also influenced by religious and cultural customs. Wearables that may easily incorporate Islamic customs, including Ramadan fasting plans or reminders for prayer times, are in high demand. In Saudi Arabia, the importance of wellness and health has increased recently. A healthy lifestyle is being encouraged by government efforts, and people's awareness of their fitness and general well-being is growing. This is met by wearable technology, such as smartwatches and fitness trackers. Smartwatches cater to this trend by offering features like step counting, heart rate monitoring, and sleep tracking. Additionally, Saudi consumers often prioritise healthcare, making healthcare-related wearables a key focus in the market. The need for wearable technology in professional and industrial settings has increased due to Saudi Arabia's expanding economy. Wearables have been embraced by the oil and gas, healthcare, and construction industries to boost worker productivity, enhance safety, and provide real-time data. The nation's significant emphasis on modernization and technological breakthroughs is what motivates these applications. E-commerce is growing quickly in the Kingdom, with sites like Noon, Souq (now Amazon.sa), and others becoming more and more well-known. Tech-savvy Saudis may now easily explore and purchase wearables with the help of these online marketplaces, which provide consumers with an easy way to acquire wearables. In addition, traditional retail establishments provide a range of wearable technology products, providing customers with more buying choices. Saudi Arabia's dedication to digital transformation is fostering the development of a wearable, technology-friendly, connected ecosystem. The Kingdom is making substantial investments in 5G infrastructure, which is essential for the seamless operation of wearable devices. This high-speed connectivity enables advanced features and real-time data sharing.

According to the research report "Saudi Arabia Wearable Technology Market Overview, 2028," published by Bonafide Research, the Saudi Arabia Wearable Technology market is expected to reach market size of more than USD 1 Billion by 2028. Owing to its enormous oil reserves, Saudi Arabia is well-known for its economic wealth. The purchasing power of the populace reflects the nation's wealth. Because of this, Saudi Arabian customers are frequently prepared to shell out cash for upscale and premium wearables, such as expensive fitness trackers and smartwatches. Saudi buyers are very interested in luxury and style. Recognising this demand, luxury firms have developed wearables that blend sophisticated design and technology. Not just as useful gadgets but also as status symbols, luxury smartwatches and fitness trackers have become increasingly popular. Saudi customers have a strong desire for customization and personalization. Consumers like wearables that provide a selection of watch faces, bands, and design components. The capability of customising wearables to individual preferences is a key selling point in this market. In Saudi Arabia, endorsements from celebrities, fitness instructors, and professional athletes have a big impact. Businesses frequently work together with these influencers to market their wearable merchandise. Demand in the fitness and wellness industry, for example, may be influenced by fitness icons endorsing wearables. Every year, millions of travellers and pilgrims from all over the world come to Saudi Arabia. By offering real-time information about significant historical and religious places, translation services, and navigation support, wearable technology can improve visitors' experiences. Wearable technology has a big part to play in meeting the needs of this global and diverse population. The Kingdom is making large investments in the healthcare industry, with a focus on digital health services. Wearable technology, including remote patient monitoring, telehealth technologies, and health monitoring wearables, plays a vital role in advancing healthcare infrastructure and services.

Based on product market is divided into wristwear, eyewear and headwear, footwear, fashion and jewelry, bodywear and other wearable technology. Eyewear and headwear products are predicted to grow at significant rate in Saudi Arabia wearable technology market. Technological advancements such as augmented reality (AR) and virtual reality (VR) have created new opportunities for eyeglasses and headgear devices. These technologies have a wide range of uses, including gaming, education, and healthcare. Wearable headsets and eyewear can include biometric sensors for measuring health and fitness. This is especially important in a health-conscious society where people are increasingly concerned about their well-being. Wearable gadgets can effortlessly connect to the internet and provide customers with more extensive and interactive experiences as 5G networks proliferate and connectivity infrastructure improves. Wearable headsets, such as smart glasses, have a wide range of uses, including logistics, maintenance, and field services. The rising corporate sector in Saudi Arabia drives the use of such wearables for operational effectiveness. Smart glasses can offer features like instant price comparisons, product information, and virtual try-ons, enhancing the online and offline shopping experience.

In terms of type market is segmented into wearable smart textiles and wearable product and devices (non-textiles). Wearable product and devices (non-textiles) type is predicted to lead the market of Saudi Arabia wearable technology during the forecast period. Non-textile wearable gadgets frequently include the most recent technical advances. Smartwatches, fitness trackers, smart eyewear, and health monitoring gadgets are examples of such devices. Non-textile wearables are becoming increasingly enticing to consumers due to the rapid advancement of technology and the introduction of advanced functionality. Non-textile wearable gadgets typically provide a wide range of functionality in addition to basic fitness tracking. Mobile alerts, GPS navigation, heart rate monitoring, sleep tracking, and even mobile payments are all possible with these gadgets. These devices' adaptability and effectiveness make them immensely appealing to customers in a variety of elements of their daily lives. Many people are still concerned about their health and fitness, and non-textile wearables such as fitness trackers and smartwatches are ideal for this purpose. They can track physical activity, monitor vital signs, and offer fitness guidance, aligning with the growing health-conscious trend in Saudi Arabia. Based on application market is categorised into consumer electronics, healthcare, enterprise and industrial applications and other applications (fashion and lifestyle, gaming and entertainment, military and defense, education and training, tourism and navigation, pet and animal health, etc.). Majorly wearable technology find its application in consumer electronics and is leading the market of Saudi Arabia with significant market share.

Considered in this report:
• Geography: Saudi Arabia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Saudi Arabia Wearable Technology market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• Wristwear
• Eyewear & Headwear
• Footwear
• Fashion & Jewelry
• Bodywear
• Other Wearable Technology (Wearable Camera)

By Type:
• Wearable Smart Textiles
• Wearable Products and Devices (Non-Textiles)

By Application:
• Consumer Electronics
• Healthcare
• Enterprise and Industrial Applications
• Other Applications (fashion and lifestyle, gaming and entertainment, military and defense, education and training, tourism and navigation, pet and animal health, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Wearable Technology industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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