Wearable AI Market Size By Product (Smartwatch & Fitness Band, Head Mounted Display (HMD), Earwear), By Application (Consumer Electronics, Gaming, Enterprise), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Published on: 2024-07-07 | No of Pages : 240 | Industry : Media and IT
Publisher : MRA | Format : PDF&Excel
Wearable AI Market Size By Product (Smartwatch & Fitness Band, Head Mounted Display (HMD), Earwear), By Application (Consumer Electronics, Gaming, Enterprise), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Wearable AI Market Size By Product (Smartwatch & Fitness Band, Head Mounted Display (HMD), Earwear), By Application (Consumer Electronics, Gaming, Enterprise), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Wearable AI Market Size
Wearable AI Market size surpassed USD 35 billion with demand of more than 150 million units in 2018 and is set to register CAGR of around 30% from 2019 to 2025.
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The wearable AI market growth is attributed to rising proliferation of advanced technologies including AI and 5G smartphone penetration. Smartphones are widely used for gathering and analysis of data collected from wearable devices. The exponential growth of the smartphone market has augmented the development of android & IoT-enabled responsive and user-friendly wearable device apps. Other factors accelerating market growth are the rapid urbanization and rising disposable income in developing economies, which dictate the wearable technology future trends. With rapid industrialization and rising employment in service-based industries, there has been a fundamental shift in consumer spending patterns toward consumer electronics products such as fitness & health monitoring smart wearables. The technology companies including Microsoft, Apple, Google, and other established players are expanding their market share with the introduction of new smart wearables, fueling market growth.
| Report Attribute | Details |
|---|---|
| Base Year | 2018 |
| Wearable AI Market Size in 2018 | 35 Billion (USD) |
| Forecast Period | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR | 30% |
| 2025 Value Projection | 180 Billion (USD) |
| Historical Data for | 2014 to 2018 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 369 |
| Segments covered | Product, Application and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Wearable AI Market Analysis
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The smartwatches & fitness bands market is expected to grow at a CAGR of above 20% over the forecast timespan due to the rising efforts by technology companies for the development of smart analysis technologies including real-time health status analysis. The growing smartphone penetration coupled with fast connectivity is driving the adoption of smartwatches and fitness bands. The technology companies present in the market are partnering with luxury brands to provide high-end watches which provide users with enhanced insights into their health and access to controls without relying on smartphones.
The gaming application segment is estimated to hold a market share of around 2% by 2025 due to the rising usage of Augmented Reality (AR) and Virtual Reality (VR) in the gaming software console. The smart wearable device manufacturers are leveraging on various next-generation technologies in their product offerings such as interactive graphics to enhance the game’s entertainment quotient. The demand for gaming wearables is rising sharply as the applications developed for wearable devices have the capability to integrate motion sensing and gesture tracking to improve game experience.
The North America wearable AI market is projected to hold a dominant market share of around 35% by 2025 due to the growing popularity of wearable technologies in the countries including the U.S. and Canada. For instance, the Canadian Medical Association (CMA) is providing physicians with assistance in prescribing wearable technology in the form of policy guidelines. The CMA introduced Guiding Principles for Physicians Recommending Mobile Health Applications to Patients in May 2015, providing information to physicians about mobile health applications. Other factors driving market growth are smartphone penetration, advanced connectivity infrastructure, and the rapid usage of smart wearables in the healthcare sector.
Wearable AI Market Share
Companies present in the market are focusing on the development of new smart wearables to gain a foothold in the market. Some technology companies present in the market are also focusing on the introduction of new applications, providing support to wearables. In March 2019, the company launched new products Fitbit Versa Lite Edition,Fitbit Inspire HR,Fitbit Inspire,Fitbit Ace 2.These new products are affordable to customers worldwide and will expand the customer base. In November 2017, Apple launched a new application, Apple Heart Study. The new application helps to collect data on irregular heart rhythms and notify users with changes in heart strokes for Atrial Fibrillation (AFib).Some of the players operating in the wearable AI market are
- Apple
- Fossil
- HTC
- Bragi
- Fitbit
- Garmin
- Jabra
- Xiaomi
- Huawei
- Samsung
- Microsoft
- ANTVR
- Huami
Industry Background
Wearable AI is gaining popularity due to the rising usage of devices such as Google Glass and Fitbit, notably for fitness and healthcare. The wearable technology is becoming ubiquitous with its increasing applications in other sectors including consumer electronics, business, emergency service, and military & defense applications. The wearable industry is booming with innovations in the market at affordable prices. This has also facilitated the development of mobile applications for such devices. As the consumer demand for wearables is rising, consumer electronics manufacturers will be compelled to develop new wearables, which play an important role in the evolution of augmented reality technologies.
Table of Content
Report Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definitions
1.1.6. Methodology & forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.1.1. Paid sources
1.2.1.2. Public sources
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Wearable AI industry 360º synopsis, 2016 - 2025
2.2. Business trends
2.3. Regional trends
2.4. Product trends
2.5. Application trends
Chapter 3. Wearable AI Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2016 - 2025
3.4. Industry ecosystem analysis
3.5. Market evolution
3.6. Regulatory landscape
3.7. Technology and innovation landscape
3.7.1. Virtual Reality (VR)
3.7.2. Augmented Reality (AR)
3.7.3. Mixed Reality
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Rising disposable income of consumers in emerging economies
3.8.1.2. Increasing sales of smart watches
3.8.1.3. Growing focus on fitness and health monitoring
3.8.1.4. Technological advancement in consumer electronics
3.8.1.5. Increasing smartphone & internet penetration
3.8.2. Industry pitfalls & challenges
3.8.2.1. Rising data security concerns
3.8.2.2. High cost associated with wearable devices
3.9. Growth potential analysis
3.10. Porter’s analysis
3.11. PESTLE analysis
Chapter 4. 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
Chapter 5. Global Wearable AI Market, By Product
5.1. Key trends, by product
5.2. Smartwatch & fitness band
5.2.1. Market estimates and forecast, 2016 – 2025
5.3. Head Mounted Display (HMD)
5.3.1. Market estimates and forecast, 2016 – 2025
5.4. Earwear
5.4.1. Market estimates and forecast, 2016 -2024
Chapter 6. Global Wearable AI Market, By Application
6.1. Key trends, by application
6.2. Consumer electronics
6.2.1. Market estimates and forecast, 2016 – 2025
6.3. Gaming
6.3.1. Market estimates and forecast, 2016 – 2025
6.4. Enterprise
6.4.1. Market estimates and forecast, 2016 – 2025
Chapter 7. Global Wearable AI Market, By Region
7.1. Key trends, by region
7.2. North America
7.2.1. Market estimates and forecast, 2016 - 2025
7.2.2. Market estimates and forecast, by product, 2016 – 2025
7.2.3. Market estimates and forecast, by application, 2016 – 2025
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2016 - 2025
7.2.4.2. Market estimates and forecast, by product, 2016 – 2025
7.2.4.3. Market estimates and forecast, by application, 2016 – 2025
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2016 - 2025
7.2.5.2. Market estimates and forecast, by product, 2016 – 2025
7.2.5.3. Market estimates and forecast, by application, 2016 – 2025
7.3. Europe
7.3.1. Market estimates and forecast, 2016 - 2025
7.3.2. Market estimates and forecast, by product, 2016 – 2025
7.3.3. Market estimates and forecast, by application, 2016 – 2025
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2016 - 2025
7.3.4.2. Market estimates and forecast, by product, 2016 – 2025
7.3.4.3. Market estimates and forecast, by application, 2016 – 2025
7.3.5. UK
7.3.5.1. Market estimates and forecast, 2016 - 2025
7.3.5.2. Market estimates and forecast, by product, 2016 – 2025
7.3.5.3. Market estimates and forecast, by application, 2016 – 2025
7.3.6. France
7.3.6.1. Market estimates and forecast, 2016 - 2025
7.3.6.2. Market estimates and forecast, by product, 2016 – 2025
7.3.6.3. Market estimates and forecast, by application, 2016 – 2025
7.3.7. Italy
7.3.7.1. Market estimates and forecast, 2016 - 2025
7.3.7.2. Market estimates and forecast, by product, 2016 – 2025
7.3.7.3. Market estimates and forecast, by application, 2016 – 2025
7.3.8. Spain
7.3.8.1. Market estimates and forecast, 2016 - 2025
7.3.8.2. Market estimates and forecast, by product, 2016 – 2025
7.3.8.3. Market estimates and forecast, by application, 2016 – 2025
7.3.9. Netherlands
7.3.9.1. Market estimates and forecast, 2016 - 2025
7.3.9.2. Market estimates and forecast, by product, 2016 – 2025
7.3.9.3. Market estimates and forecast, by application, 2016 – 2025
7.3.10. Russia
7.3.10.1. Market estimates and forecast, 2016 - 2025
7.3.10.2. Market estimates and forecast, by product, 2016 – 2025
7.3.10.3. Market estimates and forecast, by application, 2016 – 2025
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 - 2025
7.4.2. Market estimates and forecast, by product, 2016 – 2025
7.4.3. Market estimates and forecast, by application, 2016 – 2025
7.4.4. Australia
7.4.4.1. Market estimates and forecast, 2016 - 2025
7.4.4.2. Market estimates and forecast, by product, 2016 – 2025
7.4.4.3. Market estimates and forecast, by application, 2016 – 2025
7.4.5. China
7.4.5.1. Market estimates and forecast, 2016 - 2025
7.4.5.2. Market estimates and forecast, by product, 2016 – 2025
7.4.5.3. Market estimates and forecast, by application, 2016 – 2025
7.4.6. India
7.4.6.1. Market estimates and forecast, 2016 - 2025
7.4.6.2. Market estimates and forecast, by product, 2016 – 2025
7.4.6.3. Market estimates and forecast, by application, 2016 – 2025
7.4.7. Japan
7.4.7.1. Market estimates and forecast, 2016 - 2025
7.4.7.2. Market estimates and forecast, by product, 2016 – 2025
7.4.7.3. Market estimates and forecast, by application, 2016 – 2025
7.4.8. South Korea
7.4.8.1. Market estimates and forecast, 2016 - 2025
7.4.8.2. Market estimates and forecast, by product, 2016 – 2025
7.4.8.3. Market estimates and forecast, by application, 2016 – 2025
7.4.9. Singapore
7.4.9.1. Market estimates and forecast, 2016 - 2025
7.4.9.2. Market estimates and forecast, by product, 2016 – 2025
7.4.9.3. Market estimates and forecast, by application, 2016 – 2025
7.5. Latin America
7.5.1. Market estimates and forecast, 2016 - 2025
7.5.2. Market estimates and forecast, by product, 2016 – 2025
7.5.3. Market estimates and forecast, by application, 2016 – 2025
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2016 - 2025
7.5.4.2. Market estimates and forecast, by product, 2016 – 2025
7.5.4.3. Market estimates and forecast, by application, 2016 – 2025
7.5.5. Mexico
7.5.5.1. Market estimates and forecast, 2016 - 2025
7.5.5.2. Market estimates and forecast, by product, 2016 – 2025
7.5.5.3. Market estimates and forecast, by application, 2016 – 2025
7.6. MEA
7.6.1. Market estimates and forecast, 2016 - 2025
7.6.2. Market estimates and forecast, by product, 2016 – 2025
7.6.3. Market estimates and forecast, by application, 2016 – 2025
7.6.4. UAE
7.6.4.1. Market estimates and forecast, 2016 - 2025
7.6.4.2. Market estimates and forecast, by product, 2016 – 2025
7.6.4.3. Market estimates and forecast, by application, 2016 – 2025
7.6.5. South Africa
7.6.5.1. Market estimates and forecast, 2016 - 2025
7.6.5.2. Market estimates and forecast, by product, 2016 – 2025
7.6.5.3. Market estimates and forecast, by application, 2016 – 2025
7.6.6. Saudi Arabia
7.6.6.1. Market estimates and forecast, 2016 - 2025
7.6.6.2. Market estimates and forecast, by product, 2016 – 2025
7.6.6.3. Market estimates and forecast, by application, 2016 – 2025
Chapter 8. Company Profiles
8.1. Apple Inc.
8.1.1. Business overview
8.1.2. Financial data
8.1.3. Product landscape
8.1.4. Strategic outlook
8.1.5. SWOT analysis
8.1.6. Analyst view
8.2. Bragi GmbH
8.2.1. Business overview
8.2.2. Financial data
8.2.3. Product landscape
8.2.4. Strategic outlook
8.2.5. SWOT analysis
8.2.6. Analyst view
8.3. Facebook, Inc.
8.3.1. Business overview
8.3.2. Financial data
8.3.3. Product landscape
8.3.4. Strategic outlook
8.3.5. SWOT analysis
8.3.6. Analyst view
8.4. Fitbit, Inc.
8.4.1. Business overview
8.4.2. Financial data
8.4.3. Product landscape
8.4.4. Strategic outlook
8.4.5. SWOT analysis
8.4.6. Analyst view
8.5. Fossil Group, Inc.
8.5.1. Business overview
8.5.2. Financial data
8.5.3. Product landscape
8.5.4. Strategic outlook
8.5.5. SWOT analysis
8.5.6. Analyst view
8.6. Garmin Ltd.
8.6.1. Business overview
8.6.2. Financial data
8.6.3. Product landscape
8.6.4. Strategic outlook
8.6.5. SWOT analysis
8.6.6. Analyst view
8.7. Google LLC
8.7.1. Business overview
8.7.2. Financial data
8.7.3. Product landscape
8.7.4. Strategic outlook
8.7.5. SWOT analysis
8.7.6. Analyst view
8.8. HTC Corporation
8.8.1. Business overview
8.8.2. Financial data
8.8.3. Product landscape
8.8.4. Strategic outlook
8.8.5. SWOT analysis
8.8.6. Analyst view
8.9. Huawei Technologies Co. Ltd.
8.9.1. Business overview
8.9.2. Financial data
8.9.3. Product landscape
8.9.4. Strategic outlook
8.9.5. SWOT analysis
8.9.6. Analyst view
8.10. Jabra
8.10.1. Business overview
8.10.2. Financial data
8.10.3. Product landscape
8.10.4. Strategic outlook
8.10.5. SWOT analysis
8.10.6. Analyst view
8.11. Lenovo Group Ltd.
8.11.1. Business overview
8.11.2. Financial data
8.11.3. Product landscape
8.11.4. Strategic outlook
8.11.5. SWOT analysis
8.11.6. Analyst view
8.12. LG Electronics Inc.
8.12.1. Business overview
8.12.2. Financial data
8.12.3. Product landscape
8.12.4. Strategic outlook
8.12.5. SWOT analysis
8.12.6. Analyst view
8.13. Microsoft Corporation
8.13.1. Business overview
8.13.2. Financial data
8.13.3. Product landscape
8.13.4. Strategic outlook
8.13.5. SWOT analysis
8.13.6. Analyst view
8.14. Misfit
8.14.1. Business overview
8.14.2. Financial data
8.14.3. Product landscape
8.14.4. Strategic outlook
8.14.5. SWOT analysis
8.14.6. Analyst view
8.15. ANTVR Technology Co. Ltd.
8.15.1. Business overview
8.15.2. Financial data
8.15.3. Product landscape
8.15.4. Strategic outlook
8.15.5. SWOT analysis
8.15.6. Analyst view
8.16. Panasonic Corporation
8.16.1. Business overview
8.16.2. Financial data
8.16.3. Product landscape
8.16.4. Strategic outlook
8.16.5. SWOT analysis
8.16.6. Analyst view
8.17. Samsung Electronics Co. Ltd.
8.17.1. Business overview
8.17.2. Financial data
8.17.3. Product landscape
8.17.4. Strategic outlook
8.17.5. SWOT analysis
8.17.6. Analyst view
8.18. Sony Corporation
8.18.1. Business overview
8.18.2. Financial data
8.18.3. Product landscape
8.18.4. Strategic outlook
8.18.5. SWOT analysis
8.18.6. Analyst view
8.19. Starkey Hearing Technologies
8.19.1. Business overview
8.19.2. Financial data
8.19.3. Product landscape
8.19.4. Strategic outlook
8.19.5. SWOT analysis
8.19.6. Analyst view
8.20. Xiaomi Corporation
8.20.1. Business overview
8.20.2. Financial data
8.20.3. Product landscape
8.20.4. Strategic outlook
8.20.5. SWOT analysis
8.20.6. Analyst view