As per this study the Global Wearable AI Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Wearable AI is a portable device which is used to track an individual’s personal data such as location, health & fitness, and biofeedback like emotions. Wearable AI devices work on internet connectivity along with GPS and Bluetooth built-in. Devices such as smart watches, eye wears, fitness trackers, and others display a person’s real-time location, burnt calories, and also plays music. Wearable AI finds application in consumer electronics, healthcare & enterprise, and others.
The increasing demand for AI assistants from consumers and business organizations coupled with the emergence of IoT and integration of wireless technology is augmenting the market demand of wearable AI market. Moreover, increasing consumer preference towards advanced wearable devices such as fitness trackers is further pushing the market growth. On the other side, less battery life, insufficient storage, and other power related issues may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of wearable AI.
The broad wearable AI market has been sub-grouped into product, component and operation and application type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Smart Watch
- Ear Wear
- Eye Wear
- Other Body Wear
- Power Management
- Connectivity IC
By Application Type
- On-Device AI
- Cloud-Based AI
- Consumer Electronics
- Enterprise And Industrial
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for wearable AI in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Wearable AI Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the wearable AI market include Amazon, Apple, Fitbit, Garmin, Google, Huawei, IBM, Microsoft, Samsung, and Sony. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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