Technological advancement in IT industry coupled with the integration of IoT in devices has forced the manufacturers to develop more enhanced smart products. Wearable AI is used to track a person’s data, such as location and health. Rise in disposable income in emerging economies has led to the increase in adoption of wearable devices. The consumer awareness towards health and fitness due to the growing prevalence of obesity and chronic diseases among consumers have resulted in the growth of wearable AI market. Advancement in miniaturized electronics and the development of high computational power is further propelling the market growth of wearable AI market. Moreover, the growing adoption of fitness band and smartwatches among consumers due to the availability of mobile connectivity to track and administer fitness level, make & receive calls tend to drive the market share of wearable AI across the globe.

The wearable AI market is segmented on the basis of product and applications. Based on the product, the market is segmented into smartwatches and fitness bands, eyewear, and earwear. Among products, the eyewear segment is expected to register significant growth in the market during the forecast period. This is owing to the growing demand for augmented reality and virtual reality. Based on application, the market is segmented into consumer electronics, gaming, and enterprise. The wearable AI finds its significant application in consumer electronics segment, owing to the rising consumer preference for smart wearable devices to enhance their living standards. Moreover, many companies are integrating advanced features into wearable consumer electronics to efficiently track their data, such as fitness level, heartbeats, and calorie burning, among others.

Geographically, the global wearable AI market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is expected to register significant growth in the global market during the forecast period. The is owing to the rising disposable income and consumer awareness towards advanced wearable devices has led to the adoption of wearable AI in the emerging economies of the region, such as China and South Korea. Moreover, China is known for its well-developed electronics industry, the one that develops solutions in emerging technologies at affordable prices. This, in turn, is significantly propelling the growth of wearable AI market in Asia-Pacific.

The major players operating in the global wearable AI market are Fitbit, Inc., Google LLC, Huami Corp., Microsoft Corp., Apple Inc., Garmin Ltd., and Bragi, among others. Various companies are adopting the strategy of acquisition and merger in developing more enhanced AI solutions. For instance, in February 2018, Xiaomi Corp. and Microsoft Corp. signed a memorandum of understanding (MoU) to develop advanced cloud computing solutions, AI and hardware and to integrated it with Xiaomi’s products.

Research Methodology

The market study of the global wearable AI market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for wearable device manufacturers and suppliers for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

• Global Wearable AI Market Research and Analysis by Product Type
• Global Wearable AI Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global wearable AI market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global wearable AI market.
• Insights about market determinants which are stimulating the global wearable AI market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.