Global Wearable AI Market 2025 - A USD 180 Billion Revenue Opportunity

The growth graph of wearable AI market has remained exponential since the last few years, primarily driven by the explosive demand for AI across a spate of verticals. Wearables have been a part of the mainstream for a while now, however, they have registered increased prominence in recent times, driven by the rapid advancements in AI technology.

The wearable AI market is dominated by the multinational consumer electronics players such as Samsung, Apple, Fitbit, Microsoft, and Xiaomi. The large companies operating in the market have partnered with premium brands to contend with the traditional watch manufacturers. In 2016, Apple collaborated with Hermes and Nike to offer its private product line of luxury smartwatches and fitness bands. The companies in the wearable AI industry are Bragi, Apple, Huami Jabra, Facebook, Microsoft, HTC Garmin, Xiaomi, Huawei, Fitbit, Fossil, Google, and Samsung.

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The smartwatches and fitness bands segment holds over 85% share in the wearable AI market. The continual advancements in the design & functionality of smartwatches and along with its availability at the inexpensive price have increased its usage among consumers. Particularly, the availability of LTE connectivity in smartwatches has offered customers an alternative to bulky smartphones. The head-mounted display market is projected to attain a CAGR of more than 38% over the projected time period due to its widespread adoption in the VR-based gaming sector as it provides the gamers with immersive & high-quality gaming experience.

The advent of high-tech gaming consoles has allowed users to communicate with the surroundings in the VR-based gaming environment in a better manner. The expensive nature of head-mounted devices is restricting its usage among consumers as they are unwilling to invest in screenless VR systems. The earwear market is expected to register a CAGR of over 43% over the projected time frame due to the rising availability of AI assistants in various smartphones. The AI assistants, such as Alexa and Siri, allow customers to conduct numerous actions through speech commands.

The North America region held more than 30% share in the wearable AI market in 2018. The large consumer electronics providers, such as Oculus and Apple, have provided consumers with high-end wearable devices at a lower price. Moreover, the high level of adoption levels among customers within the age bracket of 16 to 34 is driving the adoption of smart wearable devices in the region.

The Asia Pacific wearable AI market is predicted to register a growth rate of over 50% during the forecast timeline due to the growing average income in developing countries such as China, South Korea, India, and Japan. The companies present in these countries are introducing smart wearable products at affordable prices.

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On account of the expanding smartwatch industry and the exponentially flourishing gaming space, AI-based wearables are expected to command substantial attention in the years to come. According Global Market Insights, Inc., wearable AI market size is slated to surpass the $180 billion renumeration mark by 2025.

Major Key Points from Table of Content:

Chapter 5. Global Wearable AI Market, By Product
5.1. Key trends, by product
5.2. Smartwatch & fitness band
5.2.1. Market estimates and forecast, 2016 – 2025
5.3. Head Mounted Display (HMD)
5.3.1. Market estimates and forecast, 2016 – 2025
5.4. Earwear
5.4.1. Market estimates and forecast, 2016 -2024

Chapter 6. Global Wearable AI Industry, By Application
6.1. Key trends, by application
6.2. Consumer electronics
6.2.1. Market estimates and forecast, 2016 – 2025
6.3. Gaming
6.3.1. Market estimates and forecast, 2016 – 2025
6.4. Enterprise
6.4.1. Market estimates and forecast, 2016 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/wearable-ai-market

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