The global wearable AI market size was exhibited at USD 20.91 billion in 2022 and is projected to hit around USD 175.37 billion by 2032, growing at a CAGR of 23.7% during the forecast period 2023 to 2032.
Key Pointers:
The market is witnessing significant growth due to the exponential rise of emerging technologies, such as artificial intelligence (AI), and 5G smartphone adoption. The increased adoption of smart wearables enabled with AI is due to the advancement of IoT, integration of wireless technology, and the increasing popularity of smartwatches among millennials and Gen Z.
The continuous research and development by key players are driving the market in industry verticals, such as healthcare, automotive, media and entertainment, military and defense, and consumer electronics. For instance, in June 2020, Fitbit announced Fitbit Flow, in response to the lack of ventilators in hospitals and medical facilities around the world that are required to treat critically ill patients. The equipment is intended to serve as an alternative to more expensive traditional ventilators when they are not available.
Wearable AI devices are electronic products with advanced technologies incorporated with artificial intelligence with the ability to execute intelligent operations that are manufactured to be worn on the user’s body. The COVID-19 pandemic had a moderate impact on the market for wearable AI. The lockdown imposed in various countries had a negative impact on the supply chain and therefore the availability of products to the consumers. Additionally, the pandemic had a positive impact on the medical AI wearable segment.
The wearable technologies assisted in the COVID-19 pandemic and numerous wearable manufacturers started modifying their products to help with the early detection of COVID-19. Algorithms for measuring coughing and other respiratory activities were developed. This enabled less affected individuals to be monitored remotely, which eased the burden on hospitals. Many companies in the market focused on high investment in R&D for incorporating technologies in the wearables to track COVID-19. For instance, Masimo SafetyNet, a disposable fingertip attachment worn on a wearable bracelet, helped in tracking a patient's blood oxygen levels, breathing rate, and pulse both inside and outside of a hospital setting.
Based on regions, North America held the largest market share of 38.9% in terms of revenue in 2022 owing to heavy investment by private players and supportive government initiatives for the adoption of AI technology. In June 2020, Fitbit announced Fitbit Flow, a wearable AI device in response to the lack of ventilators in hospitals and medical facilities around the world that are required to treat critically ill patients. The equipment was intended to serve as an alternative to more expensive traditional ventilators when those are not an option. Similarly, in August 2020, Amazon announced the launch of its flagship fitness tracker the Halo in the U.S., Halo is a smart wearable fitness tracker that tracks mood through voice and scans the wearer's body to measure body fat and provides analysis for the same.
Asia Pacific is expected to register the fastest growth rate over the forecast period owing to collaborations, high investment by private players, and government initiatives for the use of AI wearables for contactless payments. For instance, in 2022, Monarch Technologies partnered with Canna Group LLC to launch Helox, a cashless contactless payment platform for the cannabis industry. It offers a hassle-free way of accepting payments.
Wearable AI Market Segmentation
| By Type | By Application | By Operations | By Component |
|
Smartwatches Smart Eyewear Smart Earwear Others
|
Consumer Electronics Healthcare Automotive Military & Defense Media & Entertainment Others |
On-device AI Cloud-based AI |
Processor Connectivity IC Sensors |
Wearable AI Market Key Players And Regions
| Companies Profiled | Regions Covered |
|
Amazon.com, Inc. Fitbit, Inc. Garmin Ltd. Google, Inc. Huawei Technologies Co. Ltd. IBM Motorola Solutions, Inc. TomTom International B.V. Apple, Inc. Samsung Electronics Co. Ltd. Sony Corporation |
North America Europe Asia-Pacific Latin America Middle East & Africa (MEA)
|
Chapter 1. Introduction
1.1 Market Segmentation & Scope
1.2 Regional Scope
1.2.1 Estimates And Forecast Timeline
1.3 Objectives
1.3.1 Objective - 1
1.3.2 Objective - 2
1.3.3 Objective - 3
Chapter 2. Research Methodology
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 Nova one advisor Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.3 Information or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Commodity Flow Analysis (Model 1)
2.5.2 Volume Price Analysis (Model 2)
2.6 List of Secondary Sources
Chapter 3. Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Type
3.2.2 Application
3.2.3 Operations
3.2.4 Component
3.2.5 Region
3.3 Competitive Insights
3.4 Wearable AI Market Outlook, 2023
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market Outlook
4.1.2 Ancillary Market Outlook
4.2 Wearable Ai Market Dynamics
4.2.1 Wearable Ai Market Driver Analysis
4.2.1.1 Increased Adoption Of Smart Wearables
4.2.1.2 Rising Penetration Of Ai Wearables In Healthcare Industry
4.2.1.3 Introduction Of Advanced Wearables
4.2.2 Wearable Ai Market Restraint Analysis
4.2.2.1 cybersecurity and regulatory concerns of Wearable AI devices
4.3 Wearable AI Market: Business Environment Analysis Tools
4.3.1 Porter’s Five Forces Analysis
4.3.1.1 Threat Of New Entrants
4.3.1.2 Bargaining Power Of Suppliers
4.3.1.3 Bargaining Power Of Buyers
4.3.1.4 Competitive Rivalry
4.3.1.5 Threat Of Substitutes
4.3.2 Pestel Analysis
4.3.2.1 Political & legal
4.3.2.2 Economic & social
4.3.2.3 Technological
4.3.2.4 Environmental
4.4 Penetration & Growth Prospect Mapping
4.5 Technology Trend Analysis
4.6 Regulatory Framework
4.7 Impact of COVID-19 on Wearable AI Market
Chapter 5 Wearable AI Market: Type Analysis
5.1 Wearable AI Market Share Analysis, 2023 & 2032
5.2 Wearable AI Type Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2020 to 2032 for the Type Segment
5.3.1 Smartwatches
5.3.1.1 Smartwatches Market, 2020 - 2032
5.3.2 Smart Eyewear
5.3.2.1 Smart Eyewear, 2020 - 2032
5.3.3 Smart Earwear
5.3.3.1 Smart Earwear, 2020 - 2032
5.3.4 Others
5.3.4.1 Others, 2020 - 2032
Chapter 6 Wearable AI Market: Application Analysis
6.1 Wearable AI Application Market Share Analysis, 2023 & 2032
6.2 Wearable AI Application Market: Segment Dashboard
6.3 Market Size & Forecasts and Trend Analyses, 2020 to 2032 for the Application Segment
6.3.1 Consumer Electronics
6.3.1.1 Consumer Electronics Market, 2020 - 2032
6.3.2 Healthcare
6.3.2.1 Healthcare Market, 2020 - 2032
6.3.3 Automotive
6.3.3.1 Automotive Market, 2020 - 2032
6.3.4 Military And Defense
6.3.4.1 Military And Defense Market, 2020 - 2032
6.3.5 Media And Entertainment
6.3.5.1 Media And Entertainment Market, 2020 - 2032
6.3.6 Others
6.3.6.1 Others Market, 2020 - 2032
Chapter 7 Wearable AI Market: Operations Analysis
7.1 Wearable AI Operations Market Share Analysis, 2023 & 2032
7.2 Wearable AI Operations Market: Segment Dashboard
7.3 Market Size & Forecasts and Trend Analyses, 2020 to 2032 for the Operations Segment
7.3.1 On-Device AI
7.3.1.1 On-Device AI Market, 2020 - 2032
7.3.2 Cloud-Based AI
7.3.2.1 Cloud-based AI Market, 2020 - 2032
Chapter 8 Wearable AI Market: Component Analysis
8.1 Wearable AI Component Market Share Analysis, 2023 & 2032
8.2 Wearable AI Component Market: Segment Dashboard
8.3 Market Size & Forecasts and Trend Analyses, 2020 to 2032 for the Component Segment
8.3.1 Processor
8.3.1.1 Processor Market, 2020 - 2032
8.3.2 Connectvity IC
8.3.2.1 Connectivity IC Market, 2020 - 2032
8.3.3 Sensors
8.3.3.1 Sensors Market, 2020 - 2032
Chapter 9 Wearable AI Market: Regional Analysis
9.1 Wearable AI Regional Market Share Analysis, 2023 & 2032
9.2 Regional Market Snapshot
9.3 North America
9.3.1 North America Wearable AI Market, 2020 - 2032
9.3.2 U.S.
9.3.2.1 U.S. Wearable AI Market, 2020 - 2032
9.3.3 Canada
9.3.3.1 Canada Wearable AI Market, 2020 - 2032
9.4 Europe
9.4.1 Europe Wearable AI Market, 2020 - 2032
9.4.2 U.K.
9.4.2.1 U.K. Wearable Ai Market, 2020 - 2032
9.4.3 Germany
9.4.3.1 Germany Wearable AI Market, 2020 - 2032
9.4.4 France
9.4.4.1 France Wearable AI Market, 2020 - 2032
9.4.5 Italy
9.4.5.1 Italy Wearable AI Market, 2020 - 2032
9.4.6 Spain
9.4.6.1 Spain Wearable AI Market, 2020 - 2032
9.4.7 Russia
9.4.7.1 Russia Wearable AI Market, 2020 - 2032
9.4.8 Rest Of Europe
9.4.8.1 Rest of Europe Wearable AI Market, 2020 - 2032
9.5 Asia Pacific
9.5.1 Asia Pacific Wearable AI Market, 2020 - 2032
9.5.2 Japan
9.5.2.1 Japan Wearable AI Market, 2020 - 2032
9.5.3 China
9.5.3.1 China Wearable AI Market, 2020 - 2032
9.5.4 India
9.5.4.1 India Wearable AI Market, 2020 - 2032
9.5.5 Australia
9.5.5.1 Australia Wearable Ai Market, 2020 - 2032
9.5.6 South Korea
9.5.6.1 South Korea Wearable AI Market, 2020 - 2032
9.5.7 Singapore
9.5.7.1 Singapore Wearable AI Market, 2020 - 2032
9.5.8 Rest Of Apac
9.5.8.1 Rest of APAC Wearable AI Market, 2020 - 2032
9.6 Latin America
9.6.1 Latin America Wearable AI Market, 2020 - 2032
9.6.2 Brazil
9.6.2.1 Brazil Wearable AI Market, 2020 - 2032
9.6.3 Mexico
9.6.3.1 Mexico Wearable AI Market, 2020 - 2032
9.6.4 Argentina
9.6.4.1 Argentina Wearable AI Market, 2020 - 2032
9.6.5 Rest Of Latin America
9.6.5.1 Rest of Latin America Wearable AI Market, 2020 - 2032
9.7 Middle East and Africa (MEA)
9.7.1 MEA Wearable Ai Market, 2020 - 2032
9.7.2 South Africa
9.7.2.1 South Africa Wearable AI Market, 2020 - 2032
9.7.3 Saudi Arabia
9.7.3.1 Saudi Arabia Wearable AI Market, 2020 - 2032
9.7.4 UAE
9.7.4.1 UAE Wearable Ai Market, 2020 - 2032
9.7.5 Rest Of MEA
9.7.5.1 Rest of MEA Wearable AI Market, 2020 - 2032
Chapter 10 Competitive Analysis
10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Profiles
10.2.1 AMAZON.COM, INC.
10.2.1.1 Company overview
10.2.1.2 Financial performance
10.2.1.3 Product benchmarking
10.2.1.4 Strategic initiatives
10.2.2 FITBIT, INC.
10.2.2.1 Company overview
10.2.2.2 Product benchmarking
10.2.2.3 Strategic initiatives
10.2.3 GARMIN LTD.
10.2.3.1 Company overview
10.2.3.2 Financial performance
10.2.3.3 Product benchmarking
10.2.3.4 Strategic initiatives
10.2.4 GOOGLE INC.
10.2.4.1 Company overview
10.2.4.2 Financial performance
10.2.4.3 Product benchmarking
10.2.4.4 Strategic initiatives
10.2.5 HUAWEI TECHNOLOGIES CO. LTD.
10.2.5.1 Company overview
10.2.5.2 Financial performance
10.2.5.3 Product benchmarking
10.2.5.4 Strategic initiatives
10.2.6 IBM
10.2.6.1 Company overview
10.2.6.2 Financial performance
10.2.6.3 Product benchmarking
10.2.6.4 Strategic initiatives
10.2.7 MOTOROLA SOLUTIONS, INC.
10.2.7.1 Company overview
10.2.7.2 Financial performance
10.2.7.3 Product benchmarking
10.2.7.4 Strategic initiative
10.2.8 TOMTOM INTERNATIONAL B.V.
10.2.8.1 Company overview
10.2.8.2 Financial performance
10.2.8.3 Product benchmarking
10.2.8.4 Strattegic initiatives
10.2.9 SAMSUNG ELECTRONICS CO. LTD.
10.2.9.1 Company overview
10.2.9.2 Financial performance
10.2.9.3 Product benchmarking
10.2.9.4 Strategic initiatives
10.2.10 SONY CORPORATION
10.2.10.1 Company overview
10.2.10.2 Financial performance
10.2.10.3 Product benchmarking
10.2.10.4 Strategic initiatives
10.2.11 APPLE INC.
10.2.11.1 Company overview
10.2.11.2 Financial performance
10.2.11.3 Product benchmarking
10.2.11.4 Strategic initiatives
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers