Wearable AI Devices Market Size, Share, 2021 Newest Industry Data, Future Trends and Forecast 2030

Wearable AI Devices Market Growth 2021-2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Wearable AI Devices Market and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Wearable AI Devices Market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

The global wearable AI devices market anticipates reaching US$ 145 billion by 2030 from $10.5 billion in 2019. The market forecasts to grow at a compound annual growth rate (CAGR) of 27% during the forecast period from 2021-2030. 

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The AI-enabled electronic devices that are used to be worn on the body are considered wearable AI devices. These smart devices perform intelligent operations, such as tracking information, linking with other devices, etc. Few examples of wearable AI devices are smart eyewear, smartwatches, smart ear wears, and smart gloves. 

Factors Influencing

The growth of the global wearable AI devices market is expected to be influenced by several factors: 

The applications of AI-enabled wearables are expected to bolster the growth of the global wearable AI devices market. AI assistance applications have significantly gained popularity in several sectors, including residential, industrial, and commercial. Therefore, such benefits are forecast to increase the adoption of devices during the forecast period. 

The growing use of these devices in healthcare, automotive, military & defense, media & entertainment would significantly surge the growth of the overall market. Various prominent players, such as Samsung, Apple, and Sony, have been working on the advancements of these devices. Apart from that, the market is witnessing a rapid adoption of AI-enabled wearable devices in healthcare. Thus, it would fuel the adoption of wearable AI devices during the analysis period. 

The advent of miniaturization of computational devices has bolstered the advancements in wireless wearable devices. Hearables or wireless in-ear computational earpieces are a few of the rapidly advancing wearable AI devices. Apple recently launched the Apple watch with watchOS5. The watch introduced some innovative features, such as Wi-Fi, auto workout detection, and phone connectivity. Apart from that, IBM and HeartBit partnered to introduce intelligence into wearable devices. Thus, such innovations and investments would contribute to the rapid growth of the overall market during the forecast period. 

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Moreover, the growing demand for further improvements forecasts promising opportunities for the prominent market players during the analysis period. 

COVID-19 Impact Analysis

The COVID-19 pandemic severely impacted the growth of the global wearable AI devices market. The market witnessed a significant decline in the adoption of devices. Moreover, the disruption in the supply chain also halted the entire manufacturing activity. As a result, it impacted the growth of the global wearable AI market during the COVID-19 pandemic. 

Geography Analysis

Geographically, North America is expected to contribute with the largest share in the global wearable AI devices market. The regional market is predicted to grow significantly because of the presence of prominent companies and increasing investments for technological advancements. In addition, Asia-Pacific is anticipated to witness rapid growth in the adoption of AI-enabled wearable devices, majorly in India and China. 

Market Segmentation

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By Application

• Consumer electronics
• Healthcare
• Automotive
• Military and Defense
• Media and Entertainment
• Others

By Type

• Smart Watch
• Smart Glasses
• Smart Earwear
• Smart Glove
• Others

Based on region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America

Competitors in the Market

• Apple Inc.
• Samsung Electronics Co. Ltd.
• Fitbit Inc.
• Xiaomi Corporation
• Sony Corporation
• BRAGI GmbH
• Garmin Ltd.
• Huawei Investment & Holding Co. Ltd.
• Fossil Group Inc.
• Google LLC
• Microsoft Corporation
• Other prominent players

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

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Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

The Study Explore COVID 19 Outbreak Impact Analysis

• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:

• To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025.
• To understand the structure of market by identifying its various subsegments.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the growth trends, future prospects, and their contribution to the total market.
• To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

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Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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