Wearable Artificial Intelligence (AI) Market (By Product: Fitness Band & Smartwatch, Head Mounted Display, Earwear; By Application: Consumer Electronics, Enterprise, Gaming) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

A technologically sophisticated drug delivery system or instrument implanted below the skin for steady administration of medication or fluid is an implantable pump. These pumps are used for the supply of anti - spasmodic, chemotherapeutic and opioid medicines. The report provides analysis of global Wearable Artificial Intelligence (AI) market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. According to Acumen Research and Consulting, the global Wearable Artificial Intelligence (AI) market is expected to grow at noteworthy CAGR around 27 % throughout the forecast period and reach around US$ 185 billion by 2026.

Market Dynamics

A key factor accelerates the adoption of intelligant wearables is the increasing disposability of households in emerging economies. In the last decade there has been a significant growth in the middle class of emerging economies. The World Bank has estimated that the size of the Asia Pacific middle class has risen from 525 million in 2009 to 1,700 million in 2018, to about 3,000 million by 2030. This growth is attributable to the development and fast industrialisation of skilled workers and to the increasing number of jobs in the service industries. As a result, the pattern of consumer expenditure has changed substantially to consumer electronics. That encourages smartwatch manufacturers to take advantage of the changing way of life and the increasing patterns of customer spending in emerging countries.

Consumers ' increased emphasis on health and fitness monitoring drives the growth of the market for wearable AI. Due to the growing global demand for wearable equipment among consumers for fitness monitoring, obesity and diseases are increasing. Fitness belts and smartwatches have various sensors to monitor many health-related vital things like heartbeats and blood pressure, which enhances users ' daily monitoring of their health without medical professionals ' intervention. It also allows users to monitor their health conditions in a low - cost way in real time, encouraging consumers around the world to use intelligent wearable devices.

Product Outlook

With an industry share of more than 86% in 2018, the smart and fitness band market dominated the wearable AI market. Intelligent reloaders track different activities such as cardiac velocity, day-covering steps and burnt calories. Smart Uhren are increasingly popular with consumers, enabling calls to be made and received by consumers and managing diverse notifications remotely. Increasing adoption and fast Internet connectivity of smart phones are driving the growth of the smart watches and fitness bands market. Today, big smart phone players like Samsung, Apple, and Xiaomi dominate the smart watches and fitness bands market, making good use of their global distributor network to improve their market presence.

A CAGR of more than 38.5% is projected to expand the head-assembly display segment on the wearable IA market. Chef mounted displays are widely used in the gaming sector because they provide a complete 360-degree vision and an immersive, high-quality and realistic gaming experience. The technological advances in the head-mounted display landscape have led to the development of high-level controllers and gaming consoles which enable gamers to interact more closely in a gaming environment. As consumers become increasingly reluctant to purchase screenless VR devices that require headsets to be combined with smartphones, the high cost associated with the head - mounted displays is the main factor limiting the growth of the market.

Application Insights

Due to the increased use of intelligent wearable devices by consumers to improve their lifestyles the consumer electronics segment had over 90.3% of the wearable AI markets. The popularity of wearable technology among consumers has grown exponentially ever since the emergence of smart clock and fitness bands, since increasing numbers of people relies on clever wearables to monitor their health conditions daily. Major consumer electronics companies, such as Apple, Samsung and Huawei, integrate superior characteristics into smart wearable devices to position them as independent devices and reduce their smart phone dependence.

In the planned timeframe, the company application is expected to grow in the wearable AI market at CAGR by over 50.5%. Intelligent wearable devices are used in different industrial settings so that employees can communicate and cooperate effectively across remote sites. It offers users a comfortable and immersive experience with a mixed reality and increases the field of view with a three-dimensional experience for users. It offers staff real-time insights and optimizes business activities in order to increase efficiency and productivity. It enhances training efficiency by developing a highly interactive and dynamic employee education environment. The costly nature of the products limits its acceptance in the budgetary constraints industries.

Regional Stance

Geographically, five major regions have been segmented into the global market of the Wearable Artificial Intelligence (AI): North America, Europe, Asia Pacific, Latin America and Middle East and Africa. As a result of an increase in per capita incomes in countries including China, India, which drive the use of wearable AI devices in the area, Asia Pacific wearable AI will grow more than 51% in a CAGR from 2019 to 2026. In the region, companies introduce various intelligent wearable devices with state-of - the-art features at affordable prices. Xiaomi introduced the USD 30 Mi Band 3, which included sensors like the optical cardiac heart rate sensor, the acceleration sensor and the podium meter, in May 2018, for example. Moreover, Smart Wearable devices are being used by the presence of leading smart clock manufacturers such as Samsung and Xiaomi.

Due to the increased per capita income and consumer spending patterns in the region, Europe accounted for over 24.9% of the wearable AI market in 2018. In order to be able to compete more effectively with cheap products from foreign players, large consumer electronic players in the area incorporate advanced features in their offering. The majority share in the region is held by premium companies such as Apple and Facebook.

Market Segmentation

Global Wearable Artificial Intelligence (AI) Market, by Product

  • Fitness Band & Smartwatch
  • Head Mounted Display
  • Earwear

Global Wearable Artificial Intelligence (AI) Market, by Application

  • Consumer Electronics
  • Enterprise
  • Gaming

Global Wearable Artificial Intelligence (AI) Market, by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

The market research study on “Wearable Artificial Intelligence (AI) Market (By Product: Fitness Band & Smartwatch, Head Mounted Display, Earwear; By Application: Consumer Electronics, Enterprise, Gaming) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Wearable Artificial Intelligence (AI) market segments with market dynamics and their impact. The report also covers basic technology development policies.

The report offers an overview of the market and statistical diagrams to support the expected figures. Our analysts predict the market scope and future prospects in an insightful way. The Acumen Research and Consulting report contains a comprehensive analysis of the global market in Wearable Artificial Intelligence (AI) segmented by molecular type, test type and region. The report outlines numerous growth strategies implemented by companies as well as the latest market trends. The market share and current position of all leading players are discussed in detail. It analyzes players ' new revenue sources and highlights the different strategies.

Key Players & Strategies
The Wearable Artificial Intelligence (AI) market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Facebook: Apple, Samsung, Garmin, Fossil, Microsoft, HTC, Huawei, Bragi, Jabra, ANTVR, Huami and Google.

Large players like Huawei, Samsung, Facebook Apple, Fitbit and Microsoft lead the wearable AI market. Large companies are currently working to develop cost-effective solutions to compete with Asia-Pacific regional actors. The tech players have worked with luxury brands to compete better in developing their own premium smartwatch product line with the large watch companies. Apple partnered with Nike and Hermès in September 2016, for example, to develop its own premium smart clock offering range. Startups such as Misfit and ANTVR focus on the cost - effective supply of products to take advantage of the large players on the market.


Related Reports

Long Term Care Market By Service: ( Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities ) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global long term care market size is expected to reach around 1,621 Mn by 2026 and growing at a CAGR of around 7% over the forecast period 2019 to 2026. Long term care is a term used for a variety of services, which are specially designed to meet a person's short term and long term requirement for health and personal care. This is also termed as Activities of Daily Living or ADLs, when it is served for personal care, such as dressing,

Precision Medicine Market By Technology: (Big Data Analytics, Bioinformatics, Gene Sequencing, Drug Discovery, Companion Diagnostics, Others); By Application: (Oncology, Immunology, CNS, Respiratory); By End Use: (Home care, Hospitals, Clinical Laboratories, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global precision medicine market size is expected to reach around US$ 84 Bn by 2026 and is anticipated to grow at a CAGR of around 10% in terms of revenue during the forecast period 2019 to 2026. Precision medicine is an approach to patient care that enables physicians to choose medicines that assist patients to understand their disease genetically. This can also be called custom medicine. The report provides analysis of global precis

Comprehensive Metabolic Panel (CMP) Testing Market By Disease: (Kidney Disease, Liver Disease, Diabetes, Others); By Test Type: (Proteins, Electrolytes, Kidney Tests, Liver Functional Tests, Glucose); By End-Use: (Laboratories, PoC) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Global Comprehensive Metabolic Panel (CMP) Testing Market size is expected to reach over US$ 18,380 Mn by 2026 and growing at a CAGR of around 7.0% from 2019 to 2026. The Comprehensive Metabolic Panel (CMP) is a commonly ordered set of 14 tests that give doctor a significant data about the present status of kidneys, electrolyte, liver and acid / base balance as well as blood sugar and blood proteins. Abnormal findings, and in particular abnormal resul

Recreational Oxygen Equipment Market By Product: Concentrators, Bar Equipment, others; By Application: Athletics/Sports, Medical, others - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global recreational oxygen equipment market is expected to grow at a CAGR of around 16.3% from 2019 to 2026 and reach the market value of around 307 Mn by 2026. Recreational Oxygen is also termed as consumer oxygen, which is used to enhance brain functioning and also to improve athletic endurance. Recreational oxygen can’t be replaced with the medical oxygen as medical oxygen is used for treatment purposes and is controlled by the FDA as a thera

Plasmid DNA Manufacturing Market (By Application: Gene Therapy, Vaccinology; By Disease: Infectious Disease, Cancer, Genetic Disorder: Research Institute , Biotech Companies; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global plasmid DNA manufacturing market size is expected to reach over US$ 300 million by 2026 and growing at a CAGR of 20% from forecast period 2019 to 2026. There are continuous development activities carried by major players in order to test plasmid DNA applicability. Usually plasmid DNA is prepared by cesium chloride density ultracentrifugation process and it has wide applications such as c

Powered Surgical Instrument Market (By Product: Hand Piece, Power Source & Controls, Accessories; By Power Source: Battery-Powered Instruments, Pneumatic Instruments, Electric Instruments; By Application: Orthopedic Surgery, Neurosurgery, ENT Surgery, Cardiovascular Surgery, Cardiothoracic Surgery, Plastic Surgery, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global powered surgical instrument market is expected to grow at a CAGR of around 4.0% from 2019 to 2026 and reach the market value of over US$2,900 Mn by 2026. Powered surgical instrument is a market of technological instruments used to assist at the time of performing neurological and orthopedic surgery. This surgical powered instrument is categorized by product which includes high speed equipment, large bone battery/electric equipm

Cart Summary