By 2025, Wearable AI Market Size | 1 billion-unit Shipments | $180bn Revenue

The consumer electronics segment accounts for over 90% wearable AI market stake due to rising adoption of smart wearable devices among consumers to enhance their lifestyle.

Selbyville, Delaware, USA - May 8, 2019 /MarketersMedia/ —

Wearable Artificial Intelligence (AI) Market is expected to surpass USD 180 billion in revenue with over 1 billion units sold by 2025. The increasing concerns among consumers toward fitness & healthy lifestyle are promoting the adoption of smart wearable devices. With the rise in obesity & heart-related illnesses around the world, there has been a simultaneous growth in the adoption of smart wearable technology among consumers for health monitoring applications. The smartwatches and fitness bands are integrated with various sensory hardware, which can monitor several health-oriented vitals including blood pressure and heart rate, enabling consumers to inspect the health conditions on a regular basis without the involvement of any healthcare personnel. It also provides real-time health-based insights to users regarding their health conditions in an inexpensive manner.

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The smartwatches and fitness bands segment hold over 85% share in the wearable AI market. The continual advancements in the design & functionality of smartwatches and along with its availability at the inexpensive price have increased its usage among consumers. Particularly, the availability of LTE connectivity in smartwatches has offered customers an alternative to bulky smartphones.

The head-mounted display in wearable AI market is projected to attain a CAGR of more than 38% over the projected time period due to its widespread adoption in the VR-based gaming sector as it provides the gamers with immersive & high-quality gaming experience. The advent of high-tech gaming consoles has allowed users to communicate with the surroundings in the VR-based gaming environment in a better manner. The expensive nature of head-mounted devices is restricting its usage among consumers as they are unwilling to invest in screenless VR systems.

The earwear segment is expected to register a CAGR of over 43% in the wearable AI market over the projected time frame due to the rising availability of AI assistants in various smartphones. The AI assistants, such as Alexa and Siri, allow customers to conduct numerous actions through speech commands.

The gaming segment is anticipated to attain a growth rate of over 35% over the forecast timeline. The wearable AI market growth is credited to technical advances in the VR/AR oriented gaming software & hardware gaming consoles. The addition of next-generation audio & video graphics in the VR/AR oriented immersive gaming landscape is swiftly gaining traction in the VR/AR based gaming community. The wearable technology device enterprises are incorporating advanced gaming technologies, such as 3D graphics and interactive graphics, to provide a more immersive experience to the users.

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The North America region held more than 30% share in the wearable artificial intelligence (AI) market in 2018. The large consumer electronics providers, such as Oculus and Apple, have provided consumers with high-end wearable devices at a lower price. Moreover, the high level of adoption levels among customers within the age bracket of 16 to 34 is driving the adoption of smart wearable devices in the region.

The Asia Pacific wearable AI market is predicted to register a growth rate of over 50% during the forecast timeline due to the growing average income in developing countries such as China, South Korea, India, and Japan. The companies present in these countries are introducing smart wearable products at affordable prices.

The wearable AI market is dominated by the multinational consumer electronics players such as Samsung, Apple, Fitbit, Microsoft, and Xiaomi. The large companies operating in the market have partnered with premium brands to contend with the traditional watch manufacturers. In 2016, Apple collaborated with Herms and Nike to offer its private product line of luxury smartwatches and fitness bands. The companies in the wearable AI market are Bragi, Apple, Huami Jabra, Facebook, Microsoft, HTC Garmin, Xiaomi, Huawei, Fitbit, Fossil, Google, and Samsung.

Browse key industry insights spread across 250 pages with 338 market data tables & 31 figures & charts from the report, “Wearable Artificial Intelligence (AI) Market Size By Product (Smartwatch & Fitness Band, Head Mounted Display (HMD), Earwear), By Application (Consumer Electronics, Gaming, Enterprise), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/wearable-ai-market

Table of Contents (ToC) of the report:
Chapter 4. Wearable AI Market - Competitive Landscape, 2018
4.1. Introduction
4.2. Company market share, by smart watches & fitness bands
4.3. Company market share, by HMD
4.4. Company market share, by earwear
4.5. Comparative analysis of major market players, 2018
4.5.1. Apple
4.5.2. Samsung
4.5.3. Facebook
4.5.4. Xiaomi
4.5.5. Fitbit
4.6. Innovation leaders
4.7. Other prominent vendors
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/wearable-ai-market

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