Press release
Wearable AI Market Analysis, Trends, Growth, Research And Forecast 2032
Wearable AI Market
The Business Research Company's Wearable AI Global Market Report 2023 identifies the demand for advanced wearable devices
as the major driver for the wearable AI market's growth in the forecast period. Wearable devices are electronic devices used in the human body that communicate with other devices to transmit or gather data. Wearable devices play an essential role in driving the growth of the wearable AI market by encouraging user adoption, generating massive amounts of data for AI algorithms, and enabling seamless integration of AI-driven features and functionalities, resulting in increased demand and market opportunities for wearable AI technologies.
The global wearable AI market is expected to grow from $24.60 billion in 2022 to $32.12 billion in 2023 at a compound annual growth rate (CAGR) of 30.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The wearable AI market is expected to reach $91.8 billion in 2027 at a CAGR of 30%.
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Major competitors in the wearable AI market are Amazon Inc., Apple Inc., Google Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Misfit Inc., Huawei Technologies Co. Ltd., Sony Corporation, LG Electronics Inc., International Business Machines Corporation, Qualcomm Technologies Inc., Oracle Corporation, Xiaomi Inc., Bose Corporation, Nokia Corporation, Asus, Motorola Solutions Inc., Seiko Epson Corporation, Garmin Ltd., Fossil Group Inc., Razer Inc., Fitbit Inc., TAG Heuer S.A., Zepp Health Corporation, TomTom International B.V., Polar Electro Oy, Suunto Oy, Vuzix Corporation, Aliph Brands LLC, and Zephyr Technology Corporation.
A key trend in the wearable AI market includes technological advancement. Major companies operating in the wearable AI market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Apollo Neuroscience Inc., a US-based provider of healthcare solutions and wellness products, launched Apollo Labs, the first AI-driven wearable technology that reacts to changes in the body rather than just tracking them. The Apollo wearable transmits Apollo Vibes, low-frequency sound waves that are scarcely noticeable and restore the nervous system's balance while enhancing sleep, boosting cardiovascular measures, and lowering stress and anxiety levels.
Read More On The Global Wearable AI Market Report Here:
https://www.thebusinessresearchcompany.com/report/wearable-ai-global-market-report
The wearable AI market is segmented -
• By Type: Smart Watch, Smart Eyewear, Smart Earwear, Other Types
• By Component: Processors, Connectivity IC (Integrated Circuit), Sensors
• By Operation: On-Device AI (Artificial Intelligence), Cloud-Based AI (Artificial Intelligence)
• By Application: Consumer Electronics, Healthcare, Automotive, Military And Defense, Media And Entertainment, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the wearable AI market.
The Business Research Company's "Global Wearable AI Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wearable AI Market Include:
1. Executive Summary
2. Wearable AI Market Characteristics
3. Wearable AI Market Trends And Strategies
4. Wearable AI Market - Macro Economic Scenario
5. Global Wearable AI Market Size and Growth
……
32. Global Wearable AI Market Competitive Benchmarking
33. Global Wearable AI Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wearable AI Market
35. Wearable AI Market Future Outlook and Potential Analysis
36. Appendix
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