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 Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
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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.
To get key market trends
Hey there! Smart wearables are becoming more and more popular thanks to cool tech like AI and 5G smartphones. Smartphones make it easy to gather and analyze the data that wearables collect. And as the smartphone market keeps growing, we're seeing more and more user-friendly apps for wearables that work with Android and the Internet of Things (IoT). But that's not all. People in developing countries are moving to cities and have more money to spend, which is making wearable tech even more popular. And as more people work in service industries, they're spending more on things like fitness trackers and smartwatches that help them stay healthy. Big tech companies like Microsoft, Apple, and Google are also getting in on the action, launching new smart wearables that are driving up sales. So, the future looks bright for the wearable AI market!
| 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 |
|
What are the growth opportunities in this market?
Wearable AI Market Analysis
Learn more about the key segments shaping this market
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.
Wearable tech is becoming increasingly popular in North America, with the market expected to dominate with a 35% share by 2025. Countries like the US and Canada are leading the way. For example, in Canada, the Canadian Medical Association (CMA) helps doctors use wearable tech by providing guidelines. In 2015, the CMA released instructions for doctors on how to recommend mobile health apps to patients. Other things driving the market's growth are the widespread use of smartphones, better internet connections, and the increasing use of smart wearables in healthcare.
Wearable AI Market Share
Companies in the market are working hard to make new and improved smart wearables to stand out. Some tech companies are also coming up with new apps that go well with these wearables. For example, Fitbit released new products in March 2019, including the Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire, and Fitbit Ace 2. These are more affordable and can help them reach more people around the world. In November 2017, Apple released a new app called Apple Heart Study. This app helps track irregular heart rhythms and can let you know if you have signs of Atrial Fibrillation (AFib). Here are some of the key players in the wearable AI market
- Apple
- Fossil
- HTC
- Bragi
- Fitbit
- Garmin
- Jabra
- Xiaomi
- Huawei
- Samsung
- Microsoft
- ANTVR
- Huami
Industry Background
Hey there! You've probably noticed that wearable gadgets like Google Glass and Fitbits are becoming like second nature to people. They're great for tracking fitness and health, but that's just the tip of the iceberg. These wearable wonders are showing up everywhere, from our phones to our workspaces and even on our emergency responders and soldiers. With so many cool new ideas hitting the market at prices that won't break the bank, it's no surprise that people want them. And guess what? All these devices need special apps to make them tick. As more and more people get hooked on wearables, tech companies will have no choice but to keep coming up with new and improved ones. And that's only going to make the whole augmented reality thing even more awesome.
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
- Apple
- Fossil
- Facebook
- HTC
- Bragi
- Fitbit
- Garmin
- Jabra
- Xiaomi
- Huawei
- Samsung
- Microsoft
- ANTVR
- Huami
- Google
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