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Wearable AI Market

Wearable AI Market

Wearable AI Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

145

Base Year:

2024

Date

Jan - 2025

Format:

PDF XLS PPT

Report Code:

VMR-1364

Segments Covered
  • By Application By Application Consumer electronics, Healthcare, Automotive, Military and Defense, Media and Entertainment, Others
  • By Type By Type Smart Watch, Smart Glasses, Smart Earwear, Smart Glove, Others
  • By Region By Region North America, Europe, Asia-Pacific, LAMEA
  • By Operation By Operation On-device AI, Cloud-based AI
Snapshot
Base YearBase Year: 2024
Forecast YearsForecast Years: 2025 - 2035
Historical YearsHistorical Years: 2019 - 2023
Revenue 2024Revenue 2024: USD 23.56 Billion
Revenue 2035Revenue 2035: USD 303.59 Billion
Revenue CAGRRevenue CAGR (2025 - 2035): 26.10%
Fastest Growing Region Fastest Growing Region (2025 - 2035) Asia Pacific
Largest Region Largest Region (2024): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Wearable AI Market Share

The global Wearable AI Market is valued at USD 23.56 Billion in 2024 and is projected to reach a value of USD 303.59 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 26.10% between 2025 and 2035.

Market Synopsis

Wearable products are frequently used for fitness and health monitoring which provides attractive growth opportunities for the Wearable AI market during the forecast period. Moreover, wearable technology has gained significant traction due to the boom in the fitness trend among consumers, especially during the covid-19 pandemic which is driving the growth of the Wearable AI market during the forecast period. The increasing demands for smart devices in the healthcare sector and the rise in the demand for IoT devices are driving the growth of the Wearable AI market during the forecast period. The growing advancement in research has been launching various innovative equipment in recent years and has been involved in driving the growth of the Wearable AI market during the forecast period. The growth of the Wearable AI market can be attributed to the demanding lifestyle developed and developing countries, and the increase in the advancement in wearable products such as wristbands, smart goggles, and smart shoes which are expected to drive the Wearable AI market growth in the upcoming years. The factors such as the ability to connect to the internet and provide data exchange options in between a device and network are leading the trend of wearable technology which is projected to boost the Wearable AI market growth in the upcoming years.

Wearable AI Market Size, 2024 To 2035 (USD Billion)

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Market Segmentation:

The Wearable AI market is segmented on the basis of application, and type. On the basis of application, the market is segmented as consumer electronics, Healthcare, Automotive, Military and Defense, Media and Entertainment, and Others. By types, the market is segmented as Smart Watch, Smart Glasses, Smart Earwear, Smart Glove, and Others.

Smart Watch segment acquires the largest share of the wearable market during the forecast period

A fitness watch or band can be connected with mobile applications to provide fitness-related information along with statistics to the user. Some of the popular smartwatch manufacturers for sports and fitness applications are Apple, Xiaomi, Nike, and Fitbit. The increasing adoption of fitness trackers and smartwatches in the healthcare industry is projected to contribute to the growth of the smartwatch segment in the Wearable AI market during the forecast period. Smartwatches that are interconnected with disease-specific functions, particularly the one that provides cardiovascular indications, are projected to increase the adoption of smartwatches in the upcoming years. Furthermore, Apple Inc; smartwatches which are equipped with electric heart sensors in order to detect abnormal heart rhythms, have gained an extensive growth in demand for smartwatches in the years to come.

The consumer electronics segment is predicted to grow at the highest CAGR during the forecast period

Customer electronics have various applications, involving garments and fashion, fitness and sports, infotainment, multimedia, and multifunction which are expected to increase the demand for consumer electronics during the forecast period. By taking into consideration the demand for wearable consumers electronics from the consumers, the key players in the market are attentive to developing devices that can keep tracking the end-users working hours. Additionally, growth in machine-to-machine communication and the growth in connected devices is estimated to contribute to the growth of the wearable consumer electronics sector which frequently supports the wearable market growth in upcoming years.

Report Coverage & Deliverables

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  • Real-Time Data Updates:
  • Competitor Benchmarking
  • Market Trends Heatmap
  • Custom Research Queries
  • Market Sentiment Analysis
  • Demographic and Geographic Insights

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APAC region holds the largest wearable market share during the forecast period

Manufacturers in India and China are providing wearable devices at a low price and making them affordable for customers. Many of the international industries get their wearable devices manufactured abs assembled by the local manufacturers located in the region and then brand their name on the device. The APAC region is involved high populated countries which increases the adoption rate of consumer electronics which ultimately increases the growth of the APAC region in the coming years. Wearable device manufacturers are continuously advancing and innovating wearable devices to attain a competitive advantage and increase their growth during the forecast period. Additionally, the increasing awareness among consumers regarding fitness, availability of high-speed internet connectivity, and technological advancement are the major factors expected to drive the wearable market growth in the country in the upcoming years.

The key players in the global Wearable AI market include - Sony Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, SAMSUNG ELECTRONICS CO. LTD, Fitbit, Inc., TOMTOM INTERNATIONAL B.V, Garmin Ltd, Amazon.com, Inc, Google Inc., Motorola Mobility LLC among others.

Competitive Landscape-

The prominent players in the Wearable AI market are focusing on collaborations in order to enhance their presence and gain a competitive advantage in the Wearable AI market. Major players in the Wearable AI market are 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.

Recent Key Strategies and Developments

  • January 2024: Xiaomi introduced the Redmi Buds 5 and Redmi Buds 5 Pro, both featuring advanced active noise cancellation technology.
  • May 2022: IBM and Amazon Web Services (AWS) entered into a strategic collaboration, enabling IBM to offer a variety of its software solutions through the AWS marketplace. This partnership involved joint investments aimed at helping businesses seamlessly integrate IBM services with AWS infrastructure.

Key Sources Referred

  1. Association for the Advancement of Artificial Intelligence
  2. International Artificial Intelligence Industry Alliance
  3. The AI Association
  4. Asia-Pacific Artificial Intelligence Association
  5. Indian Society of Artificial Intelligence and Law
  6. A3 Association for Advancing Automation
  7. European Association for Artificial Intelligence
  8. Shanghai AI Industry Association

Key Benefits for Stakeholders

This report offers critical insights and actionable data, helping stakeholders capitalize on opportunities in the Wearable AI market:

  • Market Trends and Dynamics: Provides a detailed quantitative analysis of current trends, market segments, forecasts, and growth dynamics for Wearable AI from 2024 to 2032.
  • Growth Drivers, Restraints, and Opportunities: Includes comprehensive information on the factors influencing market growth and areas of potential expansion.
  • Porter’s Five Forces Analysis: Evaluates buyer and supplier dynamics, empowering stakeholders to make profitable business decisions and strengthen supplier-buyer relationships.
  • Market Segmentation Analysis: Offers an in-depth breakdown of key segments to uncover emerging opportunities.
  • Regional Revenue Mapping: Identifies the revenue contributions of individual countries to the global Wearable AI market.
  • Market Player Positioning: Facilitates benchmarking by providing insights into the competitive landscape and current market positions of key players.
  • Comprehensive Market Overview: Covers global and regional Wearable AI market trends, key players, market value, activity tracking, smart wearables, and growth strategies.

This analysis equips stakeholders with the tools and knowledge needed to navigate the Wearable AI market confidently and make informed decisions.

The global Wearable AI market can be categorized as Product, Portability, Application and Region.

Parameter Details
Segments Covered

By Application

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

By Type

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

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

By Operation

  • On-device AI
  • Cloud-based AI

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Sony Corporation
  • Huawei Technologies Co. Ltd.
  • International Business Machines Corporation
  • SAMSUNG ELECTRONICS CO. LTD
  • Fitbit Inc.
  • TOMTOM INTERNATIONAL B.V
  • Garmin Ltd
  • Amazon.com Inc. Google Inc.
  • Motorola Mobility LLC
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Wearable AI valued at USD 23.56 Billion in 2024 and is expected to reach USD 303.59 Billion in 2035 growing at a CAGR of 26.10%.

  • The prominent players in the market are Sony Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, SAMSUNG ELECTRONICS CO. LTD, Fitbit, Inc., TOMTOM INTERNATIONAL B.V, Garmin Ltd, Amazon.com, Inc, Google Inc., Motorola Mobility LLC.

  • The market is project to grow at a CAGR of 26.10% between 2025 and 2035.

  • The driving factors of the Wearable AI include

    • increasing demands for smart devices in the healthcare sector and the rise in the demand for IoT devices

  • North America was the leading regional segment of the Wearable AI in 2024.