Wearable AI Market

Wearable AI Market by Product (Smart Watch, Ear Wear, Eye Wear), Operation (On-Device AI, Cloud-Based AI), Component (Processor, Connectivity IC, Sensors), Application (Consumer Electronics, Enterprise, Healthcare), and Geography - Global Forecast to 2023

Report Code: SE 6802 Dec, 2018, by marketsandmarkets.com

[153 Pages Report] The overall wearable AI market is projected to reach USD 42.4 billion by 2023, from USD 11.5 billion in 2018, growing at a CAGR of 29.75% during that period. Major growth drivers are increase in demand for AI assistants, augmentation of operations in healthcare industry, emergence of IoT and integration of wireless technology, growth prospects of wearable component technology, and increase in consumer preference and demand for advanced wearable devices.

Wearable AI Market

Market for on-device AI to grow at higher CAGR during forecast period

The growing requirement for low latency, fast computing, and less dependency on cloud-based AI for critical applications are driving the adoption of edge devices with dedicated AI chips. On-device AI offers more powerful and responsive operation for time-sensitive applications. Also, it addresses the demand for better visual computing performance beyond just image and video analytics. This is to ensure parallel processing capabilities that can facilitate provisioning of on-demand machine learning for augmented reality, virtual reality, and several other application areas. At present, the market for on-device AI is dominated by AR/VR applications.

Consumer electronics application to be dominant in wearable AI market during forecast period

The large market of consumer electronics applications is attributed to the fact that consumers across the world are focusing on their fitness and are willing to adopt technology to remain fit. Also, the AR/VR has found a large adoption in entertainment and multimedia applications. The implementation of AI in AR/VR technology offers fast and immersive experience for gaming by effectively rendering optimization of high-end graphics. Consumer wearable electronics includes a number of wearable devices that are used in varied applications such as fitness and sports, entertainment and multimedia, and others. These fitness monitoring devices are attracting health-conscious customers. Wearable devices are widely used for monitoring activities and personal health goals.

Wearable AI Market

“APAC to register highest growth during forecast period”

The market in APAC consists of developing economies such as China and India—which have a huge appetite for consumer product adoption, as well as the potential for different applications of wearable AI. It is also observed that the geographic regions with higher incomes have a higher tendency to purchase wearables AI devices. Therefore, rising per capita income in Asian countries will drive the adoption of wearable AI devices. Moreover, the increasing adoption of new technologies in enterprise and industrial applications will drive wearable AI market in the region.

Key Market Players

Key players in the wearable AI market include Apple (US), Samsung (South Korea), Google (US), Microsoft (US), Sony (Japan), Garmin (US), Fitbit (US), Huawei (China), Amazon (US), IBM (US), and Oracle (US).

Apple has been at the top position because of its existing market share in consumer electronics and high financial power. The company’s strong market position characterized by its strong brand equity coupled with technical expertise and broad offerings in the wearable AI market. Well-established market with large customer base and community imparts a significant competitive edge. The company manufactures its wearable devices and supports them with its own OS, AI solutions, and services.

Recent Developments

  • Apple (US) updated the Apple watch with watchOS5. The company introduced new activity and communication features such as auto workout detection, Wi-Fi, and cellular connectivity with the launch of watchOS.
  • IBM (US) partnered with HeartBit, a Hungarian start-up offering wearable electrocardiogram (ECG), to bring intelligence into wearable devices. The company leverages its Cloud and Watson technologies to process and draw inferences from multiple data points from the devices.
  • Samsung (South Korea) acquired Viv Labs, Inc. (US), an intelligent interface platform developer. The company focuses on expanding in AI business with the expertise from Viv in open AI platform that gives third-party developers the power to use and build conversational assistants and integrate a natural language-based interface into renowned applications and services.

Critical questions the report answers:

  • Where will all the developments take the industry in the mid to long term?
  • What are the emerging applications that are expected to drive the wearable AI market?
  • What are the key strategies adopted by leading companies in the wearable AI market?
  • What are the trends prevalent in the wearable AI market?
  • What advanced technologies are expected to gain traction in the wearable AI market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Wearable AI Market Opportunities
    4.2 Market for On-Device AI, By Application
    4.3 Market in APAC, By Application & Country
    4.4 Country-Wise Snapshot of Wearable AI Market
    4.5 Wearable AI Market in APAC, By Country

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in Demand for AI Assistants
                    5.2.1.2 Augmentation of Operations in Healthcare Industry
                    5.2.1.3 Emergence of IoT and Integration of Wireless Technology
                    5.2.1.4 Growth Prospects of Wearable Component Technology
                    5.2.1.5 Increase in Consumer Preference and Demand for Advanced Wearable Devices
           5.2.2 Restraints
                    5.2.2.1 Rapidly Evolving Consumer Electronics Sector With Shorter Life Cycle
           5.2.3 Opportunities
                    5.2.3.1 Wearable as A Service
                    5.2.3.2 Wearables for Pets and Animals
           5.2.4 Challenges
                    5.2.4.1 Charging, Power, and Battery Life Optimization
                    5.2.4.2 Designing Technologically Advanced Product Along With Fashionable Elements
                    5.2.4.3 Data Privacy Compliances and Regulations
    5.3 Value Chain Analysis

6 Wearable AI Market, By Product (Page No. - 45)
    6.1 Introduction
    6.2 Smart Watch
           6.2.1 Being Most Popular Wearable Product, Smart Watch to Have A Highest Rate of Adoption for AI Integration
    6.3 Ear Wear
           6.3.1 Adoption of AI in Hearable to Grow Owing to Best Suitability for Voice Assistance and Bring AI Features to Users in Most Convenient Way
    6.4 Eye Wear
           6.4.1 Demand for AI in Eye Wear is Growing Owing to Its Wide Usage in Enterprise & Industrial Applications
    6.5 Other Body Wear

7 Wearable AI Market, By Component (Page No. - 54)
    7.1 Introduction
    7.2 Display
           7.2.1 Wearable AI Market for Displays to Lead During Forecast Period Owing to Dominance of Smart Watches
    7.3 Processor
           7.3.1 Growing Market for Processors Attributed to Increasing Demand for High-End Features to Facilitate Ease in AI Integration
    7.4 Power Management
           7.4.1 Challenges for Power Management in Adherence With Increasing Trend of Miniaturization to Drive the Growth of Power Management Market
    7.5 Connectivity IC
           7.5.1 Cellular
                    7.5.1.1 to Achieve A Data Connectivity Over A Long Distance Cellular is One of the Most Preferred Connectivity Technology
           7.5.2 NFC
                    7.5.2.1 NFC is Preferred to Achieve A Quick Connection for A Closed Proximity Operation
           7.5.3 Bluetooth
                    7.5.3.1 Bluetooth is Mostly Preferred for Convenient Connectivity With Other Portable Devices
           7.5.4 Wi-Fi+Bluetooth
                    7.5.4.1 Achieving High Performance and Cost-Effective Communication Wi-Fi + Bluetooth is Most Preferred Technology
           7.5.5 Wi-Fi
                    7.5.5.1 The Requirement for Operations Over Cloud to Drive the Increasing Demand for Wi-Fi Technology
           7.5.6 ANT+
                    7.5.6.1 The Market for ANT+ is Attributed to the Operations Over Low-Power Sensor Networks
           7.5.7 GPS
                    7.5.7.1 The Increasing Demand for GPS Technology is Owing to the Applications Areas Such as Patient Monitoring, Child Surveillance, and Others
    7.6 Memory/Storage
           7.6.1 Increasing Multimedia Features in Wearable Devices Such as Smart Watches Driving the Need for Additional Internal Memory
    7.7 Sensors
           7.7.1 Increasing Need for Monitoring More Number of Physiological Parameters That Would Facilitate Better AI Integration to Drive the Growth of Sensor Market
    7.8 UI
           7.8.1 UI Market Growth Attributed to Ongoing Improvements for Better User Experience
    7.9 Others

8 Wearable AI Market, By Operation (Page No. - 66)
    8.1 Introduction
    8.2 On-Device AI
           8.2.1 Increasing Need for Higher Performance and Better Reliability to Drive the Demand for On-Device AI Wearables
    8.3 Cloud-Based AI
           8.3.1 Cloud-Based AI to Hold Largest Market Owing to Simplicity in Operation and Cost-Effectiveness

9 Wearable AI Market, By Application (Page No. - 70)
    9.1 Introduction
    9.2 Consumer Electronics
           9.2.1 Growth of Wearable AI Market in Consumer Electronics Attributed to Rising Consumer Awareness for Fitness and Health
    9.3 Healthcare
           9.3.1 Increasing Adoption of Technology in Healthcare for Process Improvement to Drive Adoption of Wearable AI in Healthcare
    9.4 Enterprise and Industrial
           9.4.1 Increasing Worker Performance and Process Efficiency to Drive the Demand for Wearable AI in Enterprise and Industrial Applications
    9.5 Others

10 Geographic Analysis (Page No. - 78)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US to Hold Largest Market of Wearable AI in North America During Forecast Period
             10.2.2 Canada
                        10.2.2.1 Wearable AI Market in Canada to Grow With Rising Adoption of Wearables in Healthcare and Enterprises
             10.2.3 Mexico
                        10.2.3.1 Increasing Use of Consumer Electronics to Drive Wearable AI Market in Mexico
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Increasing Consumer Adoption of Wearable Devices to Define the Growth of Wearable AI in the Country
             10.3.2 France
                        10.3.2.1 Growth of Wearable AI Market in France Driven By Increasing Demand for Portable Electronic Products, Especially From the Country’s Healthcare and Consumer Sectors
             10.3.3 UK
                        10.3.3.1 Market in the UK to Grow With Wearable Adoption in Healthcare and Consumer Electronics
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 China to Hold Largest Market Share of Wearable AI in APAC During Forecast Period
             10.4.2 Japan
                        10.4.2.1 Technologically Advanced Manufacturing Industry to Drive the Growth of Wearable AI in Japan
             10.4.3 South Korea
                        10.4.3.1 Presence of Leading Manufacturers in Wearable Space Drive Wearable AI Market Growth in Consumer Electronics in the Country
             10.4.4 India
                        10.4.4.1 Wearable AI Market in India is Primarily Driven By Increasing Application Areas in Consumer and Healthcare Sectors
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 South America
                        10.5.1.1 Growing Economies Such as Brazil and Other are Driving the Growth of Wearable AI Market in South America
             10.5.2 Middle East & Africa
                        10.5.2.1 Industrial Development to Drive the Demand of Wearable AI in the Middle East

11 Competitive Landscape (Page No. - 108)
     11.1 Overview
     11.2 Ranking Analysis
             11.2.1 Apple (US)
             11.2.2 Samsung (South Korea)
             11.2.3 Google (US)
             11.2.4 Microsoft (US)
             11.2.5 Sony (Japan)
     11.3 Competitive Scenario
             11.3.1 Product Developments and Launches
             11.3.2 Partnerships, Agreements, and Collaborations
             11.3.3 Acquisitions
             11.3.4 Investments and Expansions

12 Company Profiles (Page No. - 114)
     12.1 Key Companies
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
             12.1.1 Apple
             12.1.2 Samsung
             12.1.3 Google
             12.1.4 Microsoft
             12.1.5 Sony
             12.1.6 Garmin
             12.1.7 Fitbit
             12.1.8 Huawei
             12.1.9 Amazon
             12.1.10 IBM
             12.1.11 Oracle
     12.2 Key Start-UPS
             12.2.1 Bragi
             12.2.2 Motive
             12.2.3 Shft
             12.2.4 Lifebeam
             12.2.5 Focusmotion
             12.2.6 Moov
             12.2.7 Atlas
             12.2.8 Biobeats
             12.2.9 Physiq
             12.2.10 Touchkin

*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 147)
     13.1 Insights From Industry Experts
     13.2 Questionnaire
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Report
     13.6 Author Details


List of Tables (70 Tables)

Table 1 Wearable AI Market, By Product, 2016–2023 (USD Million)
Table 2 Market, By Product, 2016–2023 (Thousand Units)
Table 3 Wearable AI Market for AI Smart Watches, By Component, 2016–2023, (USD Million)
Table 4 Wearable AI Market for Ear Wear, By Component, 2016–2023, (USD Million)
Table 5 Market for Eye Wear, By Component, 2016–2023, (USD Million)
Table 6 Wearable AI Market for Other Body Wear, By Component, 2016–2023 (USD Thousand)
Table 7 Market, By Component, 2016–2023 (USD Billion)
Table 8 Market for Displays, By Product, 2016–2023 (USD Million)
Table 9 Market for Processors, By Product, 2016–2023 (USD Million)
Table 10 Wearable AI Market for Power Management, By Product, 2016–2023 (USD Million)
Table 11 Wearable AI Market for Connectivity Ic, By Product, 2016–2023 (USD Million)
Table 12 Market for Connectivity Ic, By Type, 2016–2023 (USD Thousand)
Table 13 Market for Memory/Storage, By Product, 2016–2023 (USD Million)
Table 14 Market for Sensors, By Product, 2016–2023 (USD Million)
Table 15 Wearable AI Market for UI, By Product, 2016–2023 (USD Million)
Table 16 Market, By Operation, 2016–2023 (USD Million)
Table 17 Wearable AI Market for On-Device AI, By Application, 2016–2023 (USD Million)
Table 18 Market for Cloud-Based AI, By Application, 2016–2023 (USD Million)
Table 19 Wearable AI Market, By Application, 2016–2023 (USD Billion)
Table 20 Market for Consumer Electronics Applications, By Operation, 2016–2023 (USD Million)
Table 21 Market for Consumer Electronics Applications, By Region, 2016–2023 (USD Billion)
Table 22 Wearable AI Market for Healthcare Applications, By Operation, 2016–2023 (USD Million)
Table 23 Market for Healthcare Applications, By Region, 2016–2023 (USD Billion)
Table 24 Wearable AI Market for Enterprise & Industrial Applications, By Operation, 2016–2023 (USD Million)
Table 25 Market for Enterprise & Industrial Applications, By Region, 2016–2023 (USD Million)
Table 26 Wearable AI Market for Other Applications, By Operation, 2016–2023 (USD Million)
Table 27 Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 28 Wearable AI Market, By Region, 2016–2023 (USD Billion)
Table 29 Wearable AI Market in North America, By Country, 2016–2023 (USD Billion)
Table 30 Market in North America, By Application, 2016–2023 (USD Billion)
Table 31 Market in North America for Consumer Electronics Applications, By Country, 2016–2023 (USD Billion)
Table 32 Market in North America for Healthcare Applications, By Country, 2016–2023 (USD Billion)
Table 33 Market in North America for Enterprise & Industrial Applications, By Country, 2016–2023 (USD Million)
Table 34 Wearable AI Market in North America for Other Applications, By Country, 2016–2023 (USD Million)
Table 35 Market in Us, By Application, 2016–2023 (USD Million)
Table 36 Market in Canada, By Application, 2016–2023 (USD Million)
Table 37 Market in Mexico, By Application, 2016–2023 (USD Million)
Table 38 Wearable AI Market in Europe, By Country, 2016–2023 (USD Billion)
Table 39 Market in Europe, By Application, 2016–2023 (USD Billion)
Table 40 Market in Europe for Consumer Electronics Applications, By Country, 2016–2023 (USD Billion)
Table 41 Market in Europe for Healthcare Applications, By Country, 2016–2023 (USD Billion)
Table 42 Market in Europe for Enterprise & Industrial Applications, By Country, 2016–2023 (USD Million)
Table 43 Wearable AI Market in Europe for Other Applications, By Country, 2016–2023 (USD Million)
Table 44 Market in Germany, By Application, 2016–2023 (USD Million)
Table 45 Market in France, By Application, 2016–2023 (USD Million)
Table 46 Market in Uk, By Application, 2016–2023 (USD Million)
Table 47 Market in Rest of Europe, By Application, 2016–2023 (USD Million)
Table 48 Wearable AI Market in APAC, By Country, 2016–2023 (USD Million)
Table 49 Market in APAC, By Application, 2016–2023 (USD Million)
Table 50 Market in APAC for Consumer Electronics Applications, By Country, 2016–2023 (USD Million)
Table 51 Market in APAC for Healthcare Applications, By Country, 2016–2023 (USD Million)
Table 52 Market in APAC for Enterprise & Industrial Applications, By Country, 2016–2023 (USD Million)
Table 53 Wearable AI Market in APAC for Other Applications, By Country, 2016–2023 (USD Million)
Table 54 Market in China, By Application, 2016–2023 (USD Million)
Table 55 Market in Japan, By Application, 2016–2023 (USD Million)
Table 56 Market in South Korea, By Application, 2016–2023 (USD Million)
Table 57 Market in India, By Application, 2016–2023 (USD Million)
Table 58 Market in Rest of APAC, By Application, 2016–2023 (USD Million)
Table 59 Wearable AI Market in RoW, By Region, 2016–2023 (USD Million)
Table 60 Market in RoW, By Application, 2016–2023 (USD Million)
Table 61 Market in RoW for Consumer Electronics Applications, By Region, 2016–2023 (USD Million)
Table 62 Market in RoW for Healthcare Applications, By Region, 2016–2023 (USD Million)
Table 63 Market in RoW for Enterprise & Industrial Applications, By Region, 2016–2023 (USD Million)
Table 64 Market in RoW for Other Applications, By Region, 2016–2023 (USD Million)
Table 65 Market in South America, By Application, 2016–2023 (USD Million)
Table 66 Market in Middle East & Africa, By Application, 2016–2023 (USD Million)
Table 67 Product Developments and Launches, 2018
Table 68 Partnership, Agreement, and Collaborations, 2018
Table 69 Acquisitions, 2016–2018
Table 70 Investments and Expansions, 2016–2018


List of Figures (49 Figures)

Figure 1 Wearable AI Market Segmentation
Figure 2 Research Flow
Figure 3 Wearable AI Market: Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Smart Watch to Hold Largest Size of Wearable AI Market During Forecast Period
Figure 8 Wearable AI Market for Sensors to Grow at Highest CAGR During Forecast Period
Figure 9 Market for On-Device AI to Grow at Higher CAGR During Forecast Period
Figure 10 Wearable AI Market for Enterprise and Industrial Applications to Grow at Highest CAGR During Forecast Period
Figure 11 North America Accounted for Largest Share in Wearable AI Market in 2017
Figure 12 Wearable AI Market to Provide Attractive Growth Opportunities During Forecast Period
Figure 13 On-Device AI Market for Enterprise & Industrial Application to Grow at Highest CAGR During Forecast Period
Figure 14 Consumer Electronics Held Largest Share of Wearable AI Market in APAC in 2017
Figure 15 Wearable AI Market in India to Grow at Highest CAGR During Forecast Period
Figure 16 Market in India to Grow at Highest CAGR During Forecast Period
Figure 17 Augmentation of Operations in Healthcare Industry Driving Growth of Market
Figure 18 Digital Assistant Device Market, 2015–2017
Figure 19 Value Chain: Wearable AI Market, 2017
Figure 20 Wearable AI Market for Other Body Wear to Grow at Highest CAGR During Forecast Period
Figure 21 Eye Wear Component Market for Processor to Hold Largest Share By 2023
Figure 22 Wearable AI Market for Sensors to Grow at Highest CAGR During Forecast Period
Figure 23 Processor Market for Eye Wear to Grow at Highest CAGR During Forecast Period
Figure 24 Connectivity IC Market for Wi-Fi+ Bluetooth to Grow at Highest CAGR During Forecast Period
Figure 25 Market for On-Device Wearable AI Devices to Grow at Higher CAGR During Forecast Period
Figure 26 Wearable AI Market for Enterprise & Industrial Applications to Grow at Highest CAGR During Forecast Period
Figure 27 Market in APAC for Healthcare Applications to Grow at Highest CAGR During Forecast Period
Figure 28 Geographic Snapshot: APAC Countries Emerging as Potential Markets for Wearable AI (2018–2023)
Figure 29 Wearable AI Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 30 North America: Snapshot of Wearable AI Market
Figure 31 Wearable AI Market in US for Enterprise & Industrial Applications to Grow at Highest CAGR During Forecast Period
Figure 32 Europe: Snapshot of Wearable AI Market
Figure 33 Wearable AI Market in Europe for Enterprise & Industrial Applications to Grow at Highest CAGR During Forecast Period
Figure 34 APAC: Snapshot of Wearable AI Market
Figure 35 Wearable AI Market in South Korea for Enterprise & Industrial Applications to Grow at Highest CAGR During Forecast Period
Figure 36 Wearable AI Market in Middle East & Africa for to Grow at Higher CAGR During Forecast Period
Figure 37 Companies Adopted Product Developments and Launches as Key Growth Strategies Over the Last 5 Years (2013–2018)
Figure 38 Ranking Analysis of Top 5 Players in Wearable AI Market
Figure 39 Apple: Company Snapshot
Figure 40 Samsung: Company Snapshot
Figure 41 Google: Company Snapshot
Figure 42 Microsoft: Company Snapshot
Figure 43 Sony: Company Snapshot
Figure 44 Garmin: Company Snapshot
Figure 45 Fitbit: Company Snapshot
Figure 46 Huawei: Company Snapshot
Figure 47 Amazon: Company Snapshot
Figure 48 IBM: Company Snapshot
Figure 49 Oracle: Company Snapshot

The study involved 4 major activities for estimating the current market size for wearable AI products. An exhaustive secondary research was done to collect information on the market, as well as its peer and parent markets. The next step was validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include Wearable Tech World, Association for the Advancement of Artificial Intelligence, European Association For Artificial Intelligence, Consumer Technology Association, Semiconductor Equipment and Materials International (SEMI) (US), Journals, press releases, and financials of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the wearable AI market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information as well as verify and validate the critical numbers arrived at.

Wearable AI Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the wearable AI market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides, in consumer electronics, enterprise & industrial, and healthcare. Along with this, the market size has been validated using both top-down and bottom-up approaches.

The following are the major objectives of the study.

  • To describe and forecast the wearable AI market, in terms of value, by product, operation, component, and application
  • To describe and forecast the wearable AI market, in terms of volume, by product
  • To describe and forecast the market, in terms of value, by region—North Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research and development (R&D) in the wearable AI market

Scope of the Report


Report Metric

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Value (USD) in million/ billion

Segments covered

Product, component, operation, application, and region

Geographies covered

North America, APAC, Europe, and RoW

Companies covered

Apple (US), Samsung (South Korea), Google (US), Microsoft (US), Sony (Japan), Garmin (US), Fitbit (US), Huawei (China), Amazon (US), IBM (US), and Oracle (US) Bragi (Germany), Motive (Canada), SHFT (Denmark), LifeBEAM) (US), FocusMotion (US), Moov (US), Atlas (US), BioBeats (UK), PhysIQ (US), and Touchkin (UK)

This research report categorizes the wearable AI market based on product, component, operation, application, and region.

By Product

  • Smart Watch
  • Ear Wear
  • Eye Wear
  • Other Body Wear (fitness trackers, smart clothing, accessories, footwear)

By Component

  • Display
  • Processor
  • Power Management
  • Connectivity IC
  • Memory/Storage
  • Sensors
  • UI

By Operation

  • On-Device AI
  • Cloud-Based AI

By Application:

  • Consumer Electronics
  • Enterprise & Industrial
  • Healthcare
  • Others (retail, agriculture, construction, military & defense)

By Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports as per a client’s specific requirements. The available customization options are as follows:

Detailed analysis and profiling of additional market players (up to 5)

Geographic Analysis

Report Code
SE 6802
Published ON
Dec, 2018
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