Research Report by Design, Type, Size, Product, Industry, Region – Global Forecast to 2030 – Muleskinner

United States – Report Ocean (150+ Country Markets Analyzed, Works on 100000+ Reports Released & Upcoming Annually.] presents a research report and the best winning strategies for Wearable AI Devices Market. Top subject matter experts, researchers, and market research professionals curated this report to ensure that the information contained herein is compiled from the most authentic sources and that the forecasts are of the utmost accuracy. To forecast market growth, specialists employ a variety of analytical methodologies and approaches, including SWOT (methods of analysis), PESTEL analysis and regression analysis. The Wearable AI devices The study also examines the various regulations and policies that the company has implemented. This report discusses the industry in terms of research technology and precise prospective use, innovation and future advancements in the Wearable AI Devices Market.

The global wearable AI device market is projected to reach US$145 billion by 2030, from US$10.5 billion in 2019. The market is projected to grow at a compound annual growth rate (CAGR) of 27 % over the forecast period from 2021 to 2030.

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AI-enabled electronic devices that are used to be worn on the body are considered wearable AI devices. These smart devices perform intelligent operations, such as information tracking, linking with other devices, etc. Some examples of wearable AI devices are smart glasses, smart watches, smart earpieces, and smart gloves.

Factors influencing

The growth of the global wearable AI devices market is expected to be influenced by several factors:

AI-enabled wearable device applications are expected to drive the growth of the global AI wearable device market. AI assistive applications have gained tremendous popularity in several sectors, including residential, industrial, and commercial. Hence, these benefits are expected to increase the adoption of devices over the forecast period.

The growing usage of these devices in healthcare, automotive, military & defense, media & entertainment sectors would significantly increase the growth of the overall market. Various top players, such as Samsung, Apple, and Sony, have been working on the advancements of these devices. Apart from this, the market is witnessing rapid adoption of AI-enabled wearables in healthcare. Thus, this would fuel the adoption of wearable AI devices during the analysis period.

The advent of miniaturization of computing devices has bolstered advancements in portable wireless devices. Hearing aids or wireless in-ear computer earpieces are some of the wearable AI devices that are rapidly advancing. Apple recently launched the Apple Watch with watchOS5. The watch introduced innovative features, such as Wi-Fi, automatic workout detection, and phone connectivity. Apart from that, IBM and HeartBit have teamed up to bring intelligence into wearable devices. Thus, these innovations and investments would contribute to the rapid growth of the overall market over the forecast period.

Moreover, the growing demand for additional enhancements foresees promising opportunities for the major market players over the analysis period.

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COVID-19 Impact Analysis

The COVID-19 pandemic has severely affected the growth of the global wearable AI devices market. The market has seen a significant decline in device adoption. Additionally, the supply chain disruption has also halted all manufacturing activity. As a result, this has impacted the growth of the global wearable AI market during the COVID-19 pandemic.

Geographical analysis

Geographically, North America is expected to contribute with the largest share of the global wearable AI device market. The regional market is expected to witness significant growth owing to the presence of prominent companies and increasing investment in technological advancements. Additionally, Asia-Pacific is expected to experience rapid growth in the adoption of AI-enabled wearables, primarily in India and China.

Market segmentation

By request

  • Consumer electronics
  • Health care
  • Automotive
  • Military and Defense
  • Media and entertainment
  • Others

By type

  • smart watch
  • Smart Glasses
  • Smart headphones
  • smart glove
  • Others

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Based on region

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • Great Britain
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia and New Zealand
  • ASEAN
  • Rest of Asia-Pacific
  • Middle East and Africa (MEA)
  • United Arab Emirates
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Market competitors

  • Apple Inc.
  • Samsung Electronics Co.Ltd.
  • Fitbit Inc.
  • Xiaomi Corporation
  • Sony Company
  • BRAGI GmbH
  • Garmin Ltd.
  • Huawei Investment & Holding Co.Ltd.
  • Fossil Group Inc.
  • Google LLC
  • Microsoft Corporation
  • Other top players

What is the purpose of the report?

  • The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
  • During the forecast period, the report analyzes the growth rate, market size and market valuation.
  • The report presents current industry trends and future potential for North America, Asia-Pacific, Europe, Latin America, Middle East and Africa markets.
  • The report provides a comprehensive view of the market based on geographic scope, market segmentation, and financial performance of key players.

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