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Wearable AI Market
“As per the wearable AI market analysis smart glove and earwear are gaining wide acceptance and their market share is on the rise, due to their advancements with decline in cost. Although the smart watch segment dominated
the global market. Furthermore, the demand for these types of gadgets is experiencing growth due to investments in AI & IoT technology and rise in disposable income in developing and developed countries. In addition, increase in wearable AI market trend in the consumer electronics vertical across the globe is expected to fuel market demand.�
Shantanu Sachan Lead Analyst, Semiconductor and Electronics at Allied Market Research
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Wearable AI Market
A new report published by Allied Market Research, titled, "Wearable AI Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026," projects that the global wearable AI market size was valued at $10.63 billion in 2019, and is projected to reach $69.51 billion by 2026, registering at CAGR of 26.50%. In 2019, North America dominated the market, contributing more than 35% share of the overall revenue, followed by Europe. Emerging advancements of wearable devices, penetration of residential, commercial, and industrial automation, and rise in use of compact wireless electronics in the consumer electronics industry fuels the global wearable AI market growth. Wearable AI are devices that mostly use wireless connectivity and AI software that assist the users for various applications such as health monitoring, operations on voice command, and others. There are various types of wearable AI devices, namely, smart watch, smart glasses, smart earwear, smart glove, and others. Factors such as growth in adoption of AI assistants, increased penetration of AI in the healthcare industry, and advancement of IoT and integration of wireless technology in wearable electronic devices drives the market growth. Whereas, short life of smart wearables hampers the market growth. Download PDF Sample
Wearable AI Market
Smart watch is an intelligent computer in the form of wrist watch that keeps the user connected to the other smart devices. The innovations of smart watch by the key players drive the smart watch market. For instance, Xiaomi officially launched the Mi Smart Watch in Beijing, China. Watch comes with various smart as well as fitness features. The connectivity features such as GPS, Wi-Fi, NFC, accept or reject calls, read or send messages and emails, play or pause music, among other things. Consumer electronic refers to home electronics devices. These devices are developed with a intent for everyday use. The rise in investment in R&D on wearable AI is lucrative to create future opportunities. For instance, hearables, or wireless in-ear computational earpieces, are an example of intelligent amplification devices that have been adopted recently and rapidly. Among various regions, Asia-Pacific is expected to be the major revenue generator in 2019 and maintain its dominance in the future. This is attributed to rapid transformation from automated devices to autonomous devices due to the integration and advancement of IoT and AI technologies. Download PDF Sample
Wearable AI Market
The qualitative data in the report aims on the wearable market trends trends, dynamics, and developments in the industry while the quantitative data provides information regarding the market share and market size in terms of revenue and volume.
Key Findings of the Study: Key Findings of the Study: The smart watch segment accounted for the highest wearable AI market share in 2018 with $2.82 billion, growing at a CAGR of 22.9% from 2019 to 2026. The consumer electronics in wearable AI industry generated the highest revenue, accounting for $3.32 billion in 2019. North America is expected to dominate the market, garnering 22.80% of the share during the wearable AI market forecast period. Download PDF Sample
Wearable AI Market
Major Companies:
Amazon, Inc. Fitbit, Inc. Garmin Ltd. Google Inc. Huawei Technologies Co. Ltd. IBM Motorola Mobility LLC TomTom International B.V. Samsung Electronics Co. Ltd. Sony Corporation.
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Wearable AI Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-4461141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-2066346060 Fax: +1⟨855⟩5505975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com
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