Press release
Global Wearable AI Industry Outlook 2025-2029: Market Set to Cross $157.04 Billion Milestone
Wearable AI
How Large Will the Wearable AI Market Size By 2025?
The market size for wearable AI has experienced considerable expansion in the past few years. It's predicted to surge from $41.13 billion in 2024 to $52.65 billion in 2025, with a compound annual growth rate (CAGR) of 28.0%. The growth experienced in the historical period stems from the launch of smartwatches, the popularity surge in fitness tracking devices, growing consciousness about health and wellness, upward trends in mobile connectivity, and the advent of low-power processors.
How Big Is the Wearable AI Market Size Expected to Grow by 2029?
Anticipated to undergo substantial expansion in the coming years, the wearable AI market is projected to escalate to $157.04 billion by 2029, boasting a Compound Annual Growth Rate (CAGR) of 31.4%. This projected growth during the forecast period is largely credited to factors such as rising consumer fascination towards wearables, their merging with smartphones, the broadening scope in healthcare applications, an increase in remote patient monitoring, the incorporation of biometric authentication, evolution in smart clothing solutions, and an upsurge in wearable devices for elderly care. Furthermore, additional noteworthy trends within this period are foreseen to include advancements in flexible display technologies, progression in sensor technologies, forward strides in miniaturization, inclusion of augmented reality (AR), wearable devices powered by AI, and the integration of 5G connectivity.
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Which Key Market Drivers Powering Wearable AI Market Expansion and Growth?
The rise in demand for high-tech wearable devices is projected to accelerate the expansion of the wearable AI market. Electronic devices that attach to the body and interact with other devices to share or accumulate information are referred to as wearable devices. These devices serve as crucial driving forces for the wearable AI market, promoting user adoption, producing a plethora of data for AI systems, and allowing easy integration of AI-powered features, thereby heightening demand and creating market potential for wearable AI technologies. For example, the Italian Watch Spotter, a community for luxury watch enthusiasts based in Italy, reported that 15.8 million watches were shipped in 2022, up from 15.7 million in 2021. Thus, the appealing advanced wearable devices are stimulating the wearable AI market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Wearable AI Market?
The progressive growth in technology is becoming a notable trend in the wearable AI market. To maintain their standing in the market, many significant companies engaged in wearable AI are embracing innovative technologies. In March 2023, for instance, a prominent healthcare solutions and wellness product provider in the US, Apollo Neuroscience Inc., unveiled Apollo Labs. This state-of-the-art product is the debut AI-guided wearable technology poised to respond to bodily changes as opposed to simply monitoring them. The Apollo wearable disperses low-frequency sounds called Apollo Vibes, which are barely perceptible. These restore the equilibrium of the nervous system, improve sleep quality, enhance cardiovascular health, and reduce stress and anxiety levels.
What Are the Emerging Segments in the Wearable AI Market?
The wearable aimarket covered in this report is segmented -
1) By Type: Smart Watch, Smart Eyewear, Smart Earwear, Other Types
2) By Component: Processors, Connectivity IC (Integrated Circuit), Sensors
3) By Operation: On-Device AI (Artificial Intelligence), Cloud-Based AI (Artificial Intelligence)
4) By Application: Consumer Electronics, Healthcare, Automotive, Military And Defense, Media And Entertainment, Other Applications
Subsegments:
1) By Smart Watch: Fitness-Focused Smart Watches, Feature-Rich Smart Watches
2) By Smart Eyewear: Augmented Reality (AR) Glasses, Virtual Reality (VR) Headsets
3) By Smart Earwear: Wireless Earbuds, Hearing Aids With AI Capabilities
4) By Other Types: Smart Clothing, Wearable Health Monitors
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Who Are the Global Leaders in the Wearable AI Market?
Major companies operating in the wearable AI market include 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., Xiaomi Inc., Bose Corporation, Nokia Corporation, Asus, 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, Zephyr Technology Corporation
Which are the Top Profitable Regional Markets for the Wearable AI Industry?
North America was the largest region in the wearable AI market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wearable ai market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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