Press release
Wearable AI Market 2020-2030: Product Development Strategies by Industry Giants: Amazon, Fitbit, Garmin, Google, Huawei, IBM, Motorola, TomTom, Samsung and Sony
Wearable AI Market 2020-2030
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Key Benefits for Stakeholders:
? This report provides an extensive analysis of the current and emerging market trends and dynamics in the global wearable AI market.
? In-depth analysis is conducted by semiconductor and electronics market estimations for the key market segments between 2018 and 2030.
? Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
? Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global wearable AI market.
Segment Overview
Based on wearable AI market analysis, the market is segmented into type, application, and region.
By type, it is categorized into smart watch, smart glasses, smart earwear, smart gloves, and others. Among which, the smart watch segment dominated the market. Based on application, it is divided into consumer electronics, healthcare, automotive, military & defense, media & entertainment and others. In 2018, the consumer electronics segment captures a major wearable AI market share in terms of revenue, owing to adoption of wearable gadgets and devices round the world. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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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.
A new report published by Allied Market Research, projects that the global wearable AI market size 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.
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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.
Asia-Pacific is projected to grow at the fastest rate for the wearable AI market throughout the analysis period, China in this region witnessed the highest demand for wearable AI, due to wide presence of semiconductor companies in the country.
Moreover, enhancement in electronic device autonomy and increase in expenditure in the emerging markets such as Latin America, the Middle East, and Africa to meet the demand for exponentially growing economies in these countries, which have strengthened the market growth. Furthermore, technological advancements for cost-effective and high accuracy applications such as health monitoring, animal health assistance, and others, offer lucrative opportunity for the expansion of the market.
Key Market Segments:
By Type
? Smart Watch
? Smart Glasses
? Smart Earwear
? Smart Glove
? Others
By Application
? Consumer electronics
? Healthcare
? Automotive
? Military and Defense
? Media and Entertainment
? Others
By Region
o North America
o U.S.
o Mexico
o Canada
o Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
o Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
o LAMEA
o Latin America
o Middle East
o Africa
Key Market Players
o Amazon.com, Inc.
o Fitbit, Inc.
o Garmin Ltd.
o Google Inc.
o Huawei Technologies Co. Ltd.
o IBM
o Motorola Mobility LLC
o TomTom International B.V.
o Samsung Electronics Co. Ltd.
o Sony Corporation
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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