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Wearable AI Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global Wearable AI Market to value over USD 44.5 Billion by 2026 end and register a CAGR of over 28.7% during the forecast period 2019 to 2026 A rising emphasis on health and fitness monitoring is one of the prominent driving factors assisting marke
Wearable AI Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Global Wearable AI Market to value over USD 44.5 Billion by 2026 end and register a
CAGR of over 28.7% during the forecast period 2019 to 2026
A rising emphasis on health and fitness monitoring is one of the prominent driving
factors assisting market growth. Furthermore, advancements in VLSI technology has
led to reduction in size of transistors used in the manufacturing of electronic circuits
making the smart wearable all the more compact increasing its demand in the
market. Moreover, increased adoption of AR/VR technology in wearable devices has
propelled the market growth further.
However, battery supply limitations and high production costs are some of the
restraining factors with respect to the market growth. Additionally, increasing
concerns regarding data security of these wearables is also impeding the market
growth.
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Global Insights on Global Wearable AI Market:
1. By Region
• North America
• Europe
• Asia Pacific
• Latin America
The Asia Pacific region is likely to dominate the global market during the forecast
period owing to an increased adoption of AI-based devices for daily usage in this
region. Furthermore, the expansion of this market in emerging economies like India
by offering low-cost smart devices will surely assist this market space for dominating
the global market.
2. By Product
• SmartWatch
• Eye Wear
• Ear Wear
The smartwatch segment dominates the global market due to its huge popularity
among fitness enthusiasts for health monitoring. Companies like Fitbit have a variety
of smartwatches in their production line-up and tech giants like Apple and Samsung
have also entered this market with their smartwatches in order to entice their loyal
consumer base.
3. By Operation
• Cloud-Based AI
• On-Device AI
Cloud-based AI is anticipated to witness a substantial market growth during the
forecast period as a result of its capability of storing data on a cloud-based platform.
As the data storage is possible without using a physical device specially assigned for
this task, this reduces the size of the wearable device which makes it easy to operate
and mobilise thus increasing its demand.
4. By Component
• Sensors
• Processor
• Connectivity IC
The sensor market segment dominates the wearable AI market owing to the usage of
accelerometers and gyroscopes in smart watches to monitor health and fitness
tracking especially in smart watches.
Apple watch series 4 has 32-g force accelerometer and gyroscopes which are capable
of automatic fall detection and it can be set up to trigger an emergency call or a text
if the person wearing the watch is inactive for more than a minute. Such advanced
applications have increased the demand of sensors to be integrated in wearable AI
devices.
5. By Application
• Consumer Electronics
• Healthcare
• Enterprise
Consumer electronics segment dominate the global market owing to an increasing
demand for smartwatches and fitness bands for fitness tracking and health
monitoring. Implementation of VR/AR technology has made the wearables more
popular in the gaming sector as these devices can offer an immersive experience
with optimized and high-end graphics thus assisting the market segment to grow
substantially.
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Competitive Landscape:
• Apple
• Samsung
• Google
• Fitbit
• Facebook
• Garmin
• Xiaomi
• Microsoft
• Huawei
• Fossil
Samsung launched the Galaxy Watch which is embedded with advanced
accelerometers and gyroscopes and is controlled by Samsung’s Exynos 9110
processor and Tizen OS 4.0 and with such advanced features offered, Samsung can
establish their position in this market as well. According to some reports, Samsung is
planning to release multiple VR and AR devices which can propel their market
growth.
Apple is also conducting research related to smart glasses with AR and VR integration
and its release will help Apple establish their position in this market.
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global wearable AI market by
region, by product, by operation, by component, by application
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America,
Europe, Asia Pacific and Latin America
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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