Press release
Wearable AI Market is Expected to Grow at a CAGR of over 25.10% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Wearable AI market is valued at 12.10 USD Million in 2021 and is projected to reach a value of 46.38 USD Million by 2028 at a CAGR of 25.10% over the forecast period.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 25.10% size of the Wearable AI Market at the end of the forecast period.
• The Global Wearable AI market is predicted to reach a value of USD 46.38 Million by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Wearable products are often used for fitness and health monitoring which offers lucrative growth opportunities for the wearable AI market during the forecast period. Furthermore, wearable technology has gained significant traction among consumers owing to the boom in fitness trend, especially during the COVID-19 pandemic that is driving the growth of the wearable AI market during the forecast period. Rising demand for smart devices in the healthcare sector and growth in demand for IoT devices is driving the growth of the wearable AI market during the forecast period. Growing advancements in research are launching various innovative devices in recent years and have been driving the growth of the wearable AI market during the forecast period.
Market Segmentation:
By Type:
• Smart Watch
• Smart Glasses
• Smart Earwear
• Smart Glove
• Others
By Application:
• Consumer electronics
• Healthcare
• Automotive
• Military and Defense
• Media and Entertainment
• Others
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COVID-19 Impact Analysis of Wearable AI Market:
When the Covid-19 pandemic began in China last year, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Wearable AI market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Wearable AI Market:
• Amazon.com Inc.
• Fitbit Inc.
• Garmin Ltd.
• Google Inc.
• Huawei Technologies Co. Ltd.
• International Business Management Corporation (IBM)
• Motorola Mobility LLC
• TomTom International B.V.
• Samsung Electronics Co. Ltd.
• Sony Corporation.
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Reason for buying this Wearable AI market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Wearable AI market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Wearable AI market and provides possible solutions to those problems.
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