Owing to the rising smartphone penetration and the increasing rage of cloud and mobile gaming, the wearable AI devices market is currently witnessing a skyrocketing demand for VR headsets. Moreover, the massive upswing expected in the video game popularity in the coming years is expected to cause a huge spike in the demand for VR headsets. As a result, the major companies manufacturing such headsets are rapidly shifting toward the development and launch of advanced variants that can offer users an unmatched visual, audio, and gaming experience.
Globally, the popularity of wearable AI devices was the highest in North America in 2018. This is attributed to the high per capita income of the consumers in the region, presence of major consumer electronics companies providing products at affordable prices, and rising investments in technological advancements, in order to expand the adoption of AI-based wearable devices in the healthcare, consumer electronics, and gaming industries.
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The demand for AI-driven wearables is forecast to surge the most swiftly in Asia-Pacific (APAC), on account of the ballooning uptake of such devices in India and China. The growing adoption of wearable AI devices for healthcare purposes has resulted in the development of technologically advanced apps and devices that allow fitness tracking, by the major companies operating in the niche.
This market research report provides a comprehensive overview of the wearable AI devices market
Historical and the present size of the wearable AI devices market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential