Global Wearable Ai Market Trends 2024, Forecast To 2033
8 Mar, 2024
The wearable AI market has seen exponential growth, reaching $32.12 billion in 2023 and expected to reach $41.92 billion in 2024, with a CAGR of 30.5%. It's projected to soar to $120.7 billion by 2028. Drivers include integration with smartphones and expansion of healthcare applications. Anticipated trends comprise advances in sensor technologies and integration with augmented reality, alongside AI-powered wearable assistants and 5G connectivity.
Global Wearable AI Market Key Driver
The wearable AI market is poised for growth owing to the increasing demand for advanced wearable devices. These devices play a vital role in generating data for AI algorithms and integrating AI-driven features seamlessly. As seen in the rise of watch exports and sales, there's a clear consumer interest in wearable technology, indicating a favorable landscape for wearable AI technologies.
Get A Free Sample Of The Global Wearable AI Market ReportGlobal Wearable AI Market Segments
The wearable ai market covered in this report is segmented –
1) Type:Smart Watch, Smart Eyewear, Smart Earwear, Other Types
2) Component:Processors, Connectivity IC (Integrated Circuit), Sensors
3) Operation:On-Device AI (Artificial Intelligence), Cloud-Based AI (Artificial Intelligence)
4) Application:Consumer Electronics, Healthcare, Automotive, Military And Defense, Media And Entertainment, Other Applications
By Geography: The countries covered in the wearable ai market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the wearable AI market in 2023. 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
Major Wearable AI Industry Players
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; Zephyr Technology Corporation
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Wearable AI Market Overview
Wearable AI refers to a technological device with artificial intelligence (AI) capabilities worn on the user's body, allowing for improved functionality and customized user experiences. Wearable AI can track and analyze a user's heartbeats, speech patterns, and mood and can carry out intelligent tasks like monitoring heart rate, identifying stress levels, and tracking mobility.