![]() ![]() Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By application, it is divided into consumer electronics, healthcare, automotive, military and defense, media and entertainment, and others. By type, it is categorized as smart watch, smart glasses, smart earwear, smart glove, and others. ![]() The market is segmented into type, application, and region. Furthermore, technological advancements for cost-effective and high accuracy applications such as health monitoring, animal health assistance, and others, offer lucrative opportunity for the expansion of the market. ![]() Moreover, enhancement in electronic device autonomy and an increase in expenditure in the emerging markets such as Latin America, the Middle East, and Africa to meet the demand for exponentially growing economies in these countries, which have strengthened the market growth. This is attributed to rapid transformation from automated devices to autonomous devices due to the integration and advancement of IoT and AI technologies.Īsia-Pacific is projected to grow at the fastest rate for the wearable AI market throughout the analysis period, China in this region witnessed the highest demand for wearable AI, due to wide presence of semiconductor companies in the country. ![]() For instance, hearables, or wireless in-ear computational earpieces, are an example of intelligent amplification devices that have been adopted recently and rapidly.Īmong various regions, Asia-Pacific is expected to be the major revenue generator in 2019 and maintain its dominance in the future. The rise in investment in R&D on wearable AI is lucrative to create future opportunities. These devices are developed with a intent for everyday use. The connectivity features such as GPS, Wi-Fi, NFC, accept or reject calls, read or send messages and emails, play or pause music, among other things.Ĭonsumer electronic refers to home electronics devices. Watch comes with various smart as well as fitness features. For instance, Xiaomi officially launched the Mi Smart Watch in Beijing, China. The innovations of smart watch by the key players drive the smart watch market. Smart watch is an intelligent computer in the form of wrist watch that keeps the user connected to the other smart devices. Further, AI assistance for animal and advancement in personal computing is expected to create lucrative opportunities during the wearable AI market forecast period. Whereas, short life of smart wearables hampers the market growth. Factors such as growth in adoption of AI assistants, increased penetration of AI in the healthcare industry, and advancement of IoT and integration of wireless technology in wearable electronic devices drives the market growth. There are various types of wearable AI devices, namely, smart watch, smart glasses, smart earwear, smart glove, and others. Wearable AI are devices that mostly use wireless connectivity and AI software that assist the users for various applications such as health monitoring, operations on voice comm and, and others. Emerging advancements of wearable devices, penetration of residential, commercial, and industrial automation, rise in the use of compact wireless electronics in the consumer electronics industry fuels the global wearable AI market growth. In 2019, North America dominated the market, contributing more than 35% share of the overall revenue, followed by Europe. This report projects that the global wearable AI market size is estimated to reach $69.51 billion by 2026. Dublin, (GLOBE NEWSWIRE) - The "Wearable AI Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to 's offering. ![]()
0 Comments
Leave a Reply. |