Wearable AI Devices Market grow with a CAGR of 27.9% | Top Key Players SWOT Analysis | Apple Inc., Samsung Electronics Co. Ltd., Fitbit Inc.

Report Ocean releases its latest report on the global Wearable AI Devices Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Wearable AI Devices Market.

The global wearable AI devices market anticipates reaching US$ 145 billion by 2030 from $10.5 billion in 2019. The market forecasts to grow at a compound annual growth rate (CAGR) of 27.9% during the forecast period from 2021-2030. 

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Factors Influencing

The growth of the global wearable AI devices market is expected to be influenced by several factors: 

The applications of AI-enabled wearables are expected to bolster the growth of the global wearable AI devices market. AI assistance applications have significantly gained popularity in several sectors, including residential, industrial, and commercial. Therefore, such benefits are forecast to increase the adoption of devices during the forecast period. 

The growing use of these devices in healthcare, automotive, military & defense, media & entertainment would significantly surge the growth of the overall market. Various prominent players, such as Samsung, Apple, and Sony, have been working on the advancements of these devices. Apart from that, the market is witnessing a rapid adoption of AI-enabled wearable devices in healthcare. Thus, it would fuel the adoption of wearable AI devices during the analysis period. 

The advent of miniaturization of computational devices has bolstered the advancements in wireless wearable devices. Hearables or wireless in-ear computational earpieces are a few of the rapidly advancing wearable AI devices. Apple recently launched the Apple watch with watchOS5. The watch introduced some innovative features, such as Wi-Fi, auto workout detection, and phone connectivity. Apart from that, IBM and HeartBit partnered to introduce intelligence into wearable devices. Thus, such innovations and investments would contribute to the rapid growth of the overall market during the forecast period. 

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Wearable AI Devices Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Wearable AI Devices Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Wearable AI Devices Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Wearable AI Devices Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Wearable AI Devices Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Wearable AI Devices Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Wearable AI Devices Market provides insight into the factors influencing its growth. This market study breaks down the Wearable AI Devices Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Wearable AI Devices Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Wearable AI Devices Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Wearable AI Devices Market are:

Apple Inc.
Samsung Electronics Co. Ltd.
Fitbit Inc.
Xiaomi Corporation
Sony Corporation
BRAGI GmbH
Garmin Ltd.
Huawei Investment & Holding Co. Ltd.
Fossil Group Inc.
Google LLC
Microsoft Corporation
Other prominent players

Scope of the Report

The global Wearable AI Devices Market segmentation focuses on:

By Application
Consumer electronics
Healthcare
Automotive
Military and Defense
Media and Entertainment
Others

By Type
Smart Watch
Smart Glasses
Smart Earwear
Smart Glove
Others

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This release was published on openPR.