The wearable artificial intelligence (AI) is an advanced technology being used over a wearable device that is inserted beneath the skin in order to administer, track and record data for an individual. These wearable devices are also used over a medication application. The wearable AI consists of the intelligent devices such as smart watches, smart earwears, smart eyewear, smart gloves, and many others. The wearable AI devices also finds applications used over consumer electronics, healthcare, automotive, military & defense, media & entertainment, and many others.
Based on wearable AI market
analysis, market is segmented as type, application, and region. Based on type,
market is segmented as smart watch, smart earwear, smart glasses, smart gloves,
and others. Based on component, market is segmented as processor, display,
connectivity IC, sensors, power management, memory or storage, UI and others.
Based on operation, market is segmented as cloud based AI and on-device AI. In
addition, based on application, market is segmented as consumer electronics,
healthcare, media & entertainment, automotive, military & defense, and
others. The consumer electronics segment holds major share in market owing to
rise in adoption of wearable gadgets and devices round the world.
The wearable AI market is driven by
growth in adoption of AI assistants, followed by rise in advancement of IoT, increase
in penetration of AI in the healthcare industry, augmentation of operations in
healthcare industry, growth prospects of wearable component technology and
integration of wireless technology in wearable electronics. However, short life
of smart wearables may impact the market. Moreover, growth in advancement in
personal computing and AI assistance for animal are anticipated to create
opportunities for the growth of the market.
Based on geography, the
Asian-Pacific region holds major share in wearable AI market owing to an
enormous utilization of smart wearable instruments in countries such as China
and India. Whereas, the European and North-American regions are estimated to
witness higher growth rate due to increase in the disposable income coupled with
change in consumer spending patterns over the forecast period. In upcoming
years, it is predicted that future of the global wearable AI market will be
bright as a result of rise in adoption of VR/AR based head-mounted device in
several verticals during the forecast period.
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