DUBLIN--(BUSINESS WIRE)--The "Global Wearable AI Market, by Type, by End User, by Region, Industry Analysis and Forecast, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Wearable AI Market size is expected to reach $38.3 billion by 2025, rising at a market growth of 20.2% CAGR during the forecast period. Wearable AI market has been witnessing exponential growth due to a growing proliferation of emerging technologies, including AI and 5G smartphone penetration. Smartphones are commonly used for storing and analyzing data obtained from wearable devices. The rapid growth of the smartphone industry has increased the production of android & IoT-enabled responsive and user-friendly applications for wearable devices. Other factors that drive market growth include rapid urbanization and increasing disposable incomes in developing economies, which determine future trends in wearable technology.
There has been widespread adoption of smart watches by companies such as Huawei (China), Apple (US), and Samsung (South Korea) due to the ease of access to the AI features provided by them. In addition, the launch of Android 2.0 OS on Android-based smart watches leads to on-board voice support via internet connectivity. Smart watches have had a strong customer preference as a result of the simplicity of wear and the easy use of a broad variety of features on a single touch.
The emergence of different smart and advanced wearables for different purposes boosts the wearable AI industry trends. For example, the new Apple Airpods Pro provides active noise cancellation for immersive sound, transparency mode to hear what's going on, connect to the iPhone or Apple watch, and uses the Siri Virtual Assistant and others that have a range of other smart apps. Also, new models, such as ODGR-9 at the Osterhout Group driven by Qualcomm's Snapdragon 835 SoC, coupled with 6GB of RAM, are smart eyewear with several features that increase competition in the wearable AI market.
Factors such as growth in the adoption of AI assistants, expanded penetration of AI in the healthcare sector, and development of IoT and convergence of wireless technology boost the growth of this market. However, the short life of smart wearables is hindering wearable AI market development. In addition, AI assistance for animal health monitoring and advancement in personal computing is anticipated to create lucrative business prospects for wearable AI.
Companies Profiled
- Apple, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Microsoft Corporation
- Sony Corporation
- Garmin Ltd.
- Fitbit, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Amazon.com, Inc.
- IBM Corporation
- Oracle Corporation
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Nov - 2015, Feb) Leading Players
Chapter 4. Global Wearable AI Market by Type
4.1 Global Smart Watch Wearable AI Market by Region
4.2 Global Smart Eyewear Wearable AI Market by Region
4.3 Global Smart Earwear Wearable AI Market by Region
4.4 Global Other Type Wearable AI Market by Region
Chapter 5. Global Wearable AI Market by Industry Vertical
5.1 Global Consumer Electronics Wearable AI Market by Region
5.2 Global Healthcare Wearable AI Market by Region
5.3 Global Military & Defense Wearable AI Market by Region
5.4 Global Automotive Wearable AI Market by Region
5.5 Global Others Wearable AI Market by Region
Chapter 6. Global Wearable AI Market by Region
6.1 North America Wearable AI Market
6.2 Europe Wearable AI Market
6.3 Asia Pacific Wearable AI Market
6.4 LAMEA Wearable AI Market
Chapter 7. Company Profiles
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