A wearable device is a small technology that is worn on the body and has become increasingly popular due to the powerful sensor technologies that can collect and deliver information about their surroundings.
With the integration of AI-enabled technology, the capabilities of wearable devices can be significantly enhanced. Wearables can help increase life expectancy and improve life quality by providing the simplest and most convenient tools to collect health data, monitor health, and interact with users on the go.
The growth of this market is driven by the increase in demand for AI assistants, advancements in wireless technologies, rising adoption of VR/AR-based head-mounted devices, increasing consumer preference for advanced wearable devices, and the augmentation of operations in the healthcare industry.
Wearable technology has become an essential part of the tech world and is expected to continue to grow in popularity as new innovations are introduced. The potential benefits of wearable technology are vast and could potentially revolutionize the way we live and interact with technology.
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The key factors driving the growth of this market are increase in demand for AI assistants, advancements in wireless technologies, rising adoption of VR/AR based head-mounted device in several verticals, increase in consumer preference and demand for advanced wearable devices, and augmentation of operations in healthcare industry. Moreover, wearable as a service and wearables for pets and animals offer significant growth opportunities for wearable AI devices market players. However, unstable growth of consumer electronics sector and rapidly evolving consumer electronics sector with shorter life cycle are expected to hinder the growth of this market to some extent. On the other hand, data privacy compliances and regulations and designing technologically advanced product along with fashionable elements are the key challenges of this market.
Analysis of Wearable AI Devices Market Segments
The global wearable AI devices market is segmented by Product Type (Smartwatch, Ear Wear, Eye Wear, Others), End-use Industry (Consumer Electronics, Healthcare, Enterprise, Gaming, Others), Components (Controllers, Sensors, Actuators, Networking, Others), Learning (Symbolic Learning, Deep Learning, Natural Language Programing, Others), Mode of Connectivity (Cellular, NFC, Bluetooth, Wi-Fi, Wi-Fi+Bluetooth, ANT+, GPS, Others), and Region.


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Smartwatch Segment Dominates the Global Wearable AI Devices Market, by Product
Smartwatch segment accounted for the largest share in 2018. The large share of this segment is attributed to the simplicity of wear and convenient use of large number of functionalities on a single touch and provide sensor data like heart rate monitoring and sleep tracking.
Wearable AI Devices Market Key Players
The major players operating in the global wearable AI devices market are Apple Inc. (U.S.), Amazon.Com Inc. (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.), Sony Corporation (Japan), Garmin Ltd. (U.S.), Oracle Corporation (U.S.), Huawei Technologies Co., Ltd. (China), Samsung Electronics Co., Ltd. (South Korea), Fitbit, Inc. (U.S.), Bragi GmbH (Germany), Motive Mechatronics Inc. (U.S.), Moov Inc. (U.S.), Focus Ventures, Inc. (Philippines), BioBeats Inc. (U.K.), and IBM Corporation (U.S.).
Future Outlook of Wearable AI Device Market
AI assistants have the ability to organize and maintain information and include the management of emails, files, and to do lists. AI assistants help answer and respond to queries based on data that the user put into it. They are the robot that solves problems in real-time which enhance human capability and productivity. Thereby, in coming years, adoption of AI assistants is expected to increase in various industry.
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Key questions answered in Wearable AI Devices Market report:
• How does the penetration of smart phones drive the wearable AI devices market?
• How will recent or ongoing technological developments drive the growth of the smart watches market?
• Who are the major players operating in the smart watches market?
• Which country is holding the largest share in the Asia Pacific wearable AI devices market?
• What role does the established companies play in developing APAC wearable AI devices market?
• What strategies are being adopted by the key players in various APAC countries to be competitive?
• What companies have recently merged/acquired and how will these unions affect the competitive landscape of the global wearable AI devices market?
• What companies have created partnerships and how will these partnerships promote a competitive benefit?
• Who are the key players in the global market and what share of the market do they hold?

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