Global wearable AI Market, By Product (Smart Watch, Ear Wear, Eye Wear, Other Body Wear), Component (Display, Processor, Power Management, Connectivity IC, Memory/Storage, Sensors, UI, Others), Operation (On-Device AI, Cloud-Based AI), Application (Consumer Electronics, Healthcare, Enterprise and Industrial and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Wearable AI Market
Global Wearable AI Market is driven by the need for low latency, fast computing, and less dependency on cloud-based AI for critical applications, global wearable AI market in estimated value from USD 11.5 billion in 2018 to an estimated value of USD 251.62 billion by 2026, registering a CAGR of 29.20% in the forecast period of 2019-2026.
Market Definition: Global Wearable AI Market
Wearable AI is often used to track a person’s vital signs of data those are related to location, health and fitness or even one’s biofeedback indicating emotion. Although it has some issues like privacy and the extent to which they may affect the way of social interaction and how the person looks wearing them and the issues with user-friendliness, it is being used by millions of users worldwide from smartwatches to fitness trackers, ring and bracelets, even smart glasses.
- Growing Influx for AI Assistants
- Future Success in the wearable component technology
- Short life span for the Consumer Electronic sector
- Unstable growth of consumer electronics sector
Segmentation: Global Wearable AI Market
- By Product
- Smart Watch
- Ear Wear
- Eye Wear
- Other Body Wear
- By Component
- Power Management
- Connectivity IC
- By Operation
- On-Device AI
- Cloud-Based AI
- By Application
- Consumer Electronics
- Enterprise and Industrial
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market
- In June 2018, Apple Inc., launched the updated version of Apple watch using watchOS5 as a software, which includes more features like auto detection of workout, Wi-Fi and cellular connectivity.
- In June 2018, IBM Corporation announced its partnership with HeartBit and also launched the wearable ECG monitor. IBM leverages its Cloud and Watson Technologies for the purpose of processing the data and getting the inferences from many data points from the devices.
Competitive Analysis: Global Wearable AI Market
Global wearable AI market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wearable AI market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Wearable AI Market
Few of the major competitors currently working in wearable AI market are Apple Inc., SAMSUNG ELECTRONICS CO., LTD., Google LLC, Microsoft, Sony Corporation, Garmin Ltd., Huawei Technologies Co., Ltd., Amazon.com, Inc., IBM Corporation, Oracle, Bragi, Motive, Shft, LifeBEAM, FocusVentures, Inc., Moov, Atlas, Biobeats, PhysIQ, Fitbit, Incand others.
Research Methodology: Global Wearable AI Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved