According to the report published by Zion Market Research, global demand for Wearable Artificial Intelligence market was valued at approximately USD 10.11 Billion in 2019, and is expected to generate revenue of around USD 42.34 Billion by end of 2026, growing at a CAGR of around 21.2% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for Wearable Artificial Intelligence market was valued at approximately USD 10.11 Billion in 2019, and is expected to generate revenue of around USD 42.34 Billion by end of 2026, growing at a CAGR of around 21.2% between 2020 and 2026.
Global Wearable Artificial Intelligence Market: Overview
Increasing Globalization across the world followed by rapid technological advancement results the many advanced product entered in to the market. These product works on the principle of Artificial intelligence. The artificial intelligence technology works with a base of human intelligence like visual perception, decision making and speech recognition. These technologies become the parts of the regular consumer products like Eyewear’s, Fitness band, smart watches and others. Healthcare sector become an important base for artificial intelligence products because it directly linked body to the health parameters which indicates the vital sign of the body.
Global Wearable Artificial Intelligence Market: Growth Factors
Wearable Artificial intelligence device will have a huge demand for the forecasted years. High demands from consumer electronic from the young generation are one of the major factors promoting the growth of the market. In addition, rapid technological advancement and penetration of technology in healthcare sector further boost the demand of the market. Rising sales of mobile phone in countries like India and china is the major driving factor for the growth of the market. Rapid penetration of 5G technology followed by government funding will further help the market to in the double digit trend.
Global Wearable Artificial Intelligence Market: Segmentation
The Wearable Artificial Intelligence market is segmented based on product type and application. By product type, the market is divided into Smart Watches, Ear wears, Fitness Band, Head Mounted Display. Smart watches account for the largest market share in the year 2019 and will remain same within the forecasted year. On the basis of Application, the Wearable Artificial Intelligence market includes Consumer Electronics, Enterprises and Gaming Application. Consumer electronics segment dominates wearable artificial intelligence market. Consumers are more focusing on fitness. These device help the person to remain fit and to tract them in proper manner. Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Wearable Artificial Intelligence Market: Regional Analysis
The Asia Pacific market grows at the highest CAGR% within the forecasted year. The growth is mainly associated with huge population followed with high per-capita expenditures. China and India currently capture the attractive customer base for the world manufacturer. Furthermore, the region holds almost 40% of the total world population. At present, the China is not only the consumer but also the major manufacturer of artificial intelligence technology related products. North America and Europe together hold more than half of the wearable artificial intelligence market.
Global Wearable Artificial Intelligence Market: Competitive Players
Some main participants of the Wearable Artificial Intelligence market are Apple, Samsung, Google, Microsoft, Sony, Garmin, Fitbit, Huawei, Amazon, IBM, Oracle, Bragi, Motive, Shft, Lifebeam, Focusmotion, Moov, Atlas, Biobeats, Physiq, Touchkin and Others.
Wearable Artificial Intelligence Market: Regional Segment Analysis
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Wearable Artificial IntelligenceMarketRevenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Wearable Artificial Intelligence Market
FIG. 6 Global Wearable Artificial Intelligence Market Attractiveness, By Product Type
FIG. 7 Global Wearable Artificial Intelligence Market Attractiveness, By Application
FIG. 8 Global Wearable Artificial Intelligence Market Attractiveness, By End-User
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global Wearable Artificial Intelligence Market Revenue Share, by Product Type, 2019 & 2026
FIG. 11 Global Wearable Artificial Intelligence Market for Smart Watches, Revenue (USD Million) 2016 - 2026
FIG. 12 Global Wearable Artificial Intelligence Market for Earwears, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Wearable Artificial Intelligence Market for Fitness Band, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Wearable Artificial Intelligence Market for Head Mounted Display, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Wearable Artificial Intelligence Market Revenue Share, by Application, 2019 & 2026
FIG. 16 Global Wearable Artificial Intelligence Market for Consumer Electronics, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Wearable Artificial Intelligence Market for Enterprises, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Wearable Artificial Intelligence Market for Gaming Application, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Wearable Artificial Intelligence Market Revenue Share, by Region, 2019 & 2026
FIG. 20 North AmericaWearable Artificial Intelligence Market Revenue, 2016 - 2026 (USD Million)
FIG. 21 EuropeWearable Artificial Intelligence Market Revenue, 2016 - 2026 (USD Million)
FIG. 22 Asia PacificWearable Artificial Intelligence Market Revenue, 2016 - 2026 (USD Million)
FIG. 23 Latin AmericaWearable Artificial Intelligence Market Revenue, 2016 - 2026 (USD Million)
FIG. 24 The Middle-East and AfricaWearable Artificial Intelligence Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Apple Inc.Business Segment Revenue Share, 2018 (%)
FIG. 26 Apple Inc.Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Wearable Artificial IntelligenceMarket: Snapshot
TABLE 2 Drivers of the Wearable Artificial IntelligenceMarket: Impact Analysis
TABLE 3 Restraints for the Wearable Artificial IntelligenceMarket: Impact Analysis
TABLE 4 GlobalWearable Artificial IntelligenceMarket Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North AmericaWearable Artificial IntelligenceMarket Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North AmericaWearable Artificial Intelligence Market Revenue, by Product Type, 2016 – 2026 (USD Million)
TABLE 7 North AmericaWearable Artificial Intelligence Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 8 EuropeWearable Artificial IntelligenceMarket Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 9 EuropeWearable Artificial Intelligence Market Revenue, by Product Type, 2016 – 2026 (USD Million)
TABLE 10 EuropeWearable Artificial Intelligence Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 11 Asia PacificWearable Artificial IntelligenceMarket Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 12 Asia PacificWearable Artificial Intelligence Market Revenue, by Product Type, 2016 – 2026 (USD Million)
TABLE 13 Asia PacificWearable Artificial Intelligence Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 14 Latin AmericaWearable Artificial IntelligenceMarket Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 15 Latin AmericaWearable Artificial Intelligence Market Revenue, by Product Type, 2016 – 2026 (USD Million)
TABLE 16 Latin AmericaWearable Artificial Intelligence Market Revenue, by Application, 2016 – 2026 (USD Million)
TABLE 17 The Middle-East and AfricaWearable Artificial IntelligenceMarket Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 The Middle-East and AfricaWearable Artificial Intelligence Market Revenue, by Product Type, 2016 – 2026 (USD Million)
TABLE 19 The Middle-East and AfricaWearable Artificial Intelligence Market Revenue, by Application, 2016 – 2026 (USD Million)
Rising demand for health assistance is one of the major driving factors for the growth of the market. Augmentation of Operation in healthcare industry is also one of the factor which helps in boost of the Wearable Artificial Intelligence of the market.
According to Zion Market Research, global demand for Wearable Artificial Intelligence market is expected to generate revenue of around USD 42.34 Million by end of 2026, growing at a CAGR of around 21.2% between 2020 and 2026.
The Asia Pacific Wearable Artificial Intelligence is the most attractive one due to its Growing awareness, High Population, and diabetic population in the region is expected to propel the demand.
Some main participants of the Wearable Artificial Intelligence market are Apple, Samsung, Google, Microsoft, Sony, Garmin, Fitbit, Huawei, Amazon, IBM, Oracle, Bragi, Motive, Shft, Lifebeam, Focusmotion, Moov, Atlas, Biobeats, Physiq, Touchkin and Others
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