Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the wearable AI
market provides an in-depth analysis of segments and sub-segments in the global as
well as regional wearable AI market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional wearable AI
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global wearable AI market.
According to the report, the global wearable AI market is projected to grow at
a healthy CAGR over the forecast period of 2020-2026.
The wearable AI (Artificial Intelligence) technology is becoming
pervasive with its increasing applications in other sectors comprising consumer
electronics, emergency service, business, and military & defense
applications. The wearable industry is flourishing with innovations in the
market at reasonable prices. The wearable AI consists of intelligent devices,
for instance, smartwatches, smart ear wears, smart eyewear, smart gloves, and
many others. Additionally, the current concern over the spread of novel
coronavirus is also anticipated to have a positive impact on the wearable AI market.
Artificial Intelligence (AI) along with Internet of Things (IoT) solutions is
anticipated to substantially contribute while responding to the COVID-19
epidemic and address constantly evolving challenges. The existing situation due
to the outbreak of the epidemic will stimulate pharmaceutical vendors and
healthcare establishments to develop their R&D investments in AI, acting as
a core technology for allowing several initiatives. Furthermore, the use of AI can
help in reducing operating costs, and at the same time, can escalate customer
satisfaction.
The wearable AI market growth is accredited to the increasing
proliferation of advanced technologies containing AI and 5G smartphone
penetration. Smartphones are extensively used for gathering and exploration of
data collected from wearable devices. Furthermore, the exponential growth of
the smartphone market has amplified the enlargement of android &
IoT-enabled responsive and user-friendly wearable device apps. Additional
factors hastening market growth are the rapid urbanization and rising
disposable income in emerging economies, which dictate the wearable AI technology
future trends. Moreover, with rapid industrialization and increasing employment
in service-based industries, there has been an ultimate shift in consumer
spending patterns toward consumer electronics products like fitness & health
monitoring smart wearable. However, data privacy compliances and regulations
are the factors hampering the growth of the wearable AI market during the forecast
period.
Among the geographies, the North American region is expected to hold
the largest share in the global wearable AI market owing to the rising
popularity of wearable technologies in countries including the U.S. and
Canada. Further, factors such as smartphone penetration, advanced connectivity
infrastructure, and the rapid usage of smart wearable in the healthcare sector
have accelerated the growth of wearable AI in the North American region.
However, the Asia Pacific region is expected to witness considerable growth in the wearable AI market during the forecast period. The rising per capita income in
Asian nations will boost the adoption of wearable AI devices. In addition, the
increasing adoption of novel technologies in enterprise and industrial
applications will propel the wearable AI market in the region.
The report on the global wearable AI market covers segments such as
type, application, and operation. On the basis of type, the sub-markets include
smart watch, smart glasses, smart earwear, smart glove, and others. On the
basis of application, the sub-markets include consumer electronics, healthcare,
automotive, military and defense, media and entertainment, and others. On the
basis of operation, the sub-markets include on-device AI, and cloud-based AI.
The report provides profiles of the companies in the market such
as Amazon.com, Inc., Fitbit, Inc., Garmin Ltd., Google Inc., Huawei
Technologies Co. Ltd., International Business Management Corporation (IBM),
Motorola Mobility LLC, TomTom International B.V., Samsung Electronics Co. Ltd.,
and Sony Corporation.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the wearable AI market.
Moreover, the study highlights current market trends and provides forecast from
2020-2026. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.
Please Choose One of them.