Global Wearable AI Market Overview:
Wearable AI is likely to witness significant growth owing to the growing demand for high quality and larger display smart watches amid a growing focus on automation. Rising awareness among customer regarding the benefit associated with the OLED technology has a better contrast stimulating the growth of AI wearable devices. The large market of consumer electronics application is impelled with the fact that consumer is focusing on healthcare and willing to adopt technology which remains fit. Some of the players profiled in the study are Apple (United States), Samsung (South Korea), Google (United States), Microsoft (United States), Sony (Japan), Garmin (United States), Fitbit (United States), Huawei (China), Amazon (United States), IBM (United States) and Oracle (United States).
On the basis of geography, the market of Wearable AI has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operation, the sub-segment i.e. On-Device AI will boost the Wearable AI market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Display will boost the Wearable AI market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Artificial Intelligence Assistants amid Growing Automation across Industry Verticals
- Growing IOT Application and Integration of Wireless Technology
- Growth Prospects of Wearable Component Technology
- Growing Use of Wearable AI at Workplace
- Increasing Demand for Personalized Healthcare Bolstering its Adoption
- Rapidly Evolving Technology and Lack of Durability of Electronic Components
- Lack of Infrastructure in Emerging Economies for Successful Implementation
- Growing Demand for Wearable as a Service
- Potential Application in Healthcare as It provides Cost Effective Solution
- Issue Related with Data Security and Privacy Compliances and Regulation
- Designing Technologically Advanced Product Along With Fashionable Element
Key Market Developments:
In Nov 2017, Samsung Electronics Co., Ltd is a multinational company which has acquired Viv Labs, Inc. an Intelligent interface platform developer. The company has focused on expanding in AI business with the expertise from Viv in open AI platform that gives third-party developers the power to use and build conversational assistance and integrate a natural language-based interface.
Recently, Apple (US) updated the Apple watch with watchOS5. The company introduced new activity and communication features which includes auto workout detection, Wi-Fi, and cellular connectivity with the launch of watchOS.
Wearable AI Manufacturer, Wearable AI Supplier, Raw Material Supplier, Associations And Government Bodies, Research Companies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Wearable AI market on the basis of product [Smart Watch, Body Wear, Ear Wear, Eye Wear and Other] , application [Consumer Electronics, Healthcare, Enterprise and Industrial and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Wearable AI market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Wearable AI industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Bragi, Motive, Shft, Lifebeam, Focusventures, Inc., Moov, Atlas, Biobeats, Physiq, Fitbit and Incand.
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Wearable AI market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.