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Wearable AI Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5031412
  • Report
  • March 2020
  • Region: Global
  • 277 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Amazon.com Inc.
  • Fitbit Inc.
  • Garmin Ltd.
  • Google Inc.
  • Motorola Mobility LLC
  • Sony Corporation
  • MORE
The electronics that is manufactured to be worn on a consumer’s body with intelligent operation performing capabilities is termed as wearable AI. Wearable AI consists of intelligent devices such as smart watches, smart earwears, smart eyewear, smart gloves and others. The wearable AI finds application in consumer electronics, healthcare, automotive, military & defense, media & entertainment, and others. Major players such as Samsung, Apple, Sony and others, adopt various strategies to develop and upgrade the technology that boosts the market demand.

The factors such as growth in adoption of AI assistants, increased penetration of AI in the healthcare industry, and advancement of IoT and integration of wireless technology in wearable electronics, drive the market demand. Whereas, short life of smart wearables hampers the market growth.

Further, AI assistance for animal and advancement in personal computing are expected to create opportunities for the growth of the market.

The development of various intelligent and advanced wearables for different purposes enhances the market demand. For instance, the new Apple Airpods Pro, offers active noise cancellation for immersive sound, transparency mode to hear what’s happening around, they are connected to the iPhone or Apple watch and uses virtual assistant Siri and others to provide various other intelligent features. Also, new developments such as, ODG R-9 at Osterhout Group powered by Qualcomm’s Snapdragon 835 SoC, paired with 6GB of RAM, it is one of the most feature packed smart eyewear increases the competition in the market.

The wearable AI market is segmented on the basis of type, application, and region. Based on type, it is divided as smart watch, smart glasses, smart earwear, smart gloves, and others. Based on application, it is categorized as consumer electronics, healthcare, automotive, military & defense, media & entertainment, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players in the wearable AI market that are analyzed in the report 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. The key players adopt various key strategies for market growth such as product launch, product development, collaboration, partnership, and various other.

KEY MARKET SEGMENTS

By Type
  • Contact
  • Float Switches
  • Conductive Level Switches
  • Vibrating Forks
  • Others
  • Non-Contact
  • Ultrasonic
  • Optical Level
  • Microwave
  • Laser
By Application
  • Point Level Monitoring
  • Capacitance
  • Optical
  • Conductivity
  • Vibrating (Tuning Fork)
  • Float Switch
  • Continuous Level Monitoring
  • Ultrasonic
  • Radar (Microwave)
By End Use
  • Automotive
  • Aerospace & Defense
  • Energy & Power
  • Healthcare
  • Industrial
  • Others
By Region
  • North America
  • U.S.
  • Mexico
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Australia
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key Market Players
  • ABB Ltd.
  • AMETEK Inc.
  • Emerson Electric Co.
  • Endress+Hauser Management AG
  • Honeywell International Inc.
  • Siemens AG
  • Taiwan Semiconductor Manufacturing Company Limited
  • TE Connectivity
  • Texas Instruments
  • Vega Grieshaber Kg
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon.com Inc.
  • Fitbit Inc.
  • Garmin Ltd.
  • Google Inc.
  • Motorola Mobility LLC
  • Sony Corporation
  • MORE
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping wearable AI market
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Growth in adoption of ai assistants
3.3.1.2. Increased penetration of ai in healthcare industry
3.3.1.3. Advancement of IoT and integration of wireless technology
3.3.2. Restraint
3.3.2.1. Short life of smart wearables
3.3.3. Opportunities
3.3.3.1. ai assistance for animals
3.3.3.2. Advancement in personal computing

CHAPTER 4: WEARABLE AI MARKET, BY TYPE
4.1. Overview
4.2. Smart Watch
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Smart Glasses
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Smart Hearables
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. Smart Gloves
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
4.6. Others
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis by country

CHAPTER 5: WEARABLE AI MARKET, BY APPLICATION
5.1. Overview
5.2. Consumer Electronics
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Healthcare
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Automotive
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. Military & Defense
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. Media & entertainment
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country
5.7. Others
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis by country

CHAPTER 6: WEARABLE AI MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by type
6.2.3. Market size and forecast, by application
6.2.4. Market analysis, by region
6.2.4.1. U. S.
6.2.4.1.1. Market size and forecast, by type
6.2.4.1.2. Market size and forecast, by application
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by type
6.2.4.2.2. Market size and forecast, by application
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by type
6.2.4.3.2. Market size and forecast, by application
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by application
6.3.4. Market analysis, by region
6.3.4.1. UK
6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by application
6.3.4.2. Germany
6.3.4.2.1. Market size and forecast, by type
6.3.4.2.2. Market size and forecast, by application
6.3.4.3. France
6.3.4.3.1. Market size and forecast, by type
6.3.4.3.2. Market size and forecast, by application
6.3.4.4. Italy
6.3.4.4.1. Market size and forecast, by type
6.3.4.4.2. Market size and forecast, by application
6.3.4.5. Rest of Europe
6.3.4.5.1. Market size and forecast, by type
6.3.4.5.2. Market size and forecast, by application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by TYPE
6.4.3. Market size and forecast, by application
6.4.4. Market analysis, by region
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by type
6.4.4.1.2. Market size and forecast, by application
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by type
6.4.4.2.2. Market size and forecast, by application
6.4.4.3. India
6.4.4.3.1. Market size and forecast, by type
6.4.4.3.2. Market size and forecast, by application
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market size and forecast, by type
6.4.4.5.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by application
6.5.4. Market analysis, by region
6.5.4.1. Latin America
6.5.4.1.1. Market size and forecast, by type
6.5.4.1.2. Market size and forecast, by application
6.5.4.2. Middle East
6.5.4.2.1. Market size and forecast, by type
6.5.4.2.2. Market size and forecast, by application
6.5.4.3. Africa
6.5.4.3.1. Market size and forecast, by type
6.5.4.3.2. Market size and forecast, by application

CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.2.1. Top winning strategies, by year
7.2.2. Top winning strategies, by development
7.2.3. Top winning strategies, by company
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Key developments
7.6.1. New product launches
7.6.2. Other developments

CHAPTER 8: COMPANY PROFILES
8.1. Amazon. com, Inc.
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. Fitbit, Inc.
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. R&D Expenditure
8.2.7. Business performance
8.2.8. R&D Expenditure
8.2.9. Key strategic moves and developments
8.3. Garmin Ltd.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. R&D Expenditure
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4. Google Inc. (Alphabet Inc. )
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments
8.5. Huawei Technologies Co. Ltd.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments
8.6. International Business Machines Corporation (IBM)
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.7. Motorola Mobility LLC (Lenovo)
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. TOMTOM INTERNATIONAL B. V.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. SAMSUNG ELECTRONICS CO. LTD.
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Business Segment
8.9.5. Product portfolio
8.9.6. Business performance
8.9.7. Key strategic moves and developments
8.10. SONY CORPORATION
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
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FEATURED COMPANIES

  • Amazon.com Inc.
  • Fitbit Inc.
  • Garmin Ltd.
  • Google Inc.
  • Motorola Mobility LLC
  • Sony Corporation
  • MORE
This report titled, 'Wearable AI Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,” projects that the global wearable AI market size is estimated to reach $69.51 billion by 2026. In 2019, North America dominated the market, contributing more than 35% share of the overall revenue, followed by Europe. Emerging advancements of wearable devices, penetration of residential, commercial, and industrial automation, rise in the use of compact wireless electronics in the consumer electronics industry fuels the global wearable AI market growth.

Wearable AI are devices that mostly use wireless connectivity and AI software that assist the users for various applications such as health monitoring, operations on voice comm and, and others. There are various types of wearable AI devices, namely, smart watch, smart glasses, smart earwear, smart glove, and others. Factors such as growth in adoption of AI assistants, increased penetration of AI in the healthcare industry, and advancement of IoT and integration of wireless technology in wearable electronic devices drives the market growth. Whereas, short life of smart wearables hampers the market growth. Further, AI assistance for animal and advancement in personal computing is expected to create lucrative opportunities during the wearable AI market forecast period.

Smart watch is an intelligent computer in the form of wrist watch that keeps the user connected to the other smart devices. The innovations of smart watch by the key players drive the smart watch market. For instance, Xiaomi officially launched the Mi Smart Watch in Beijing, China. Watch comes with various smart as well as fitness features. The connectivity features such as GPS, Wi-Fi, NFC, accept or reject calls, read or send messages and emails, play or pause music, among other things.

Consumer electronic refers to home electronics devices. These devices are developed with a intent for everyday use. The rise in investment in R&D on wearable AI is lucrative to create future opportunities. For instance, hearables, or wireless in-ear computational earpieces, are an example of intelligent amplification devices that have been adopted recently and rapidly.

Among various regions, Asia-Pacific is expected to be the major revenue generator in 2019 and maintain its dominance in the future. This is attributed to rapid transformation from automated devices to autonomous devices due to the integration and advancement of IoT and AI technologies.

According to Shantanu Sachan, Lead Analyst, Semiconductor and Electronics,“As per the wearable AI market analysis smart glove and earwear are gaining wide acceptance and their market share is on the rise, due to their advancements with decline in cost. Although the smart watch segment dominated the global market. Furthermore, the demand for these types of gadgets is experiencing growth due to investments in AI & IoT technology and a rise in disposable income in developing and developed countries. In addition, increase in wearable AI market trend in the consumer electronics vertical across the globe is expected to fuel market demand.”

Asia-Pacific is projected to grow at the fastest rate for the wearable AI market throughout the analysis period, China in this region witnessed the highest demand for wearable AI, due to wide presence of semiconductor companies in the country. Moreover, enhancement in electronic device autonomy and an increase in expenditure in the emerging markets such as Latin America, the Middle East, and Africa to meet the demand for exponentially growing economies in these countries, which have strengthened the market growth. Furthermore, technological advancements for cost-effective and high accuracy applications such as health monitoring, animal health assistance, and others, offer lucrative opportunity for the expansion of the market.

The market is segmented into type, application, and region. By type, it is categorized as smart watch, smart glasses, smart earwear, smart glove, and others. By application, it is divided into consumer electronics, healthcare, automotive, military and defense, media and entertainment, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2018, the smart watch segment dominated the market in terms of revenue, owing to its development for advanced features and cost-effectiveness.

The key players in the wearable AI market that are analyzed in the report 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.

KEY FINDINGS OF THE STUDY
  • The smart watch segment accounted for the highest wearable AI market share in 2018 with $2.82 billion, growing at a CAGR of 22.9%from 2019 to 2026.
  • The consumer electronics in wearable AI industry generated the highest revenue, accounting for $3.32billion in 2018.
  • North America is expected to dominate the market, garnering 22.80% of the share during the wearable AI market
  • forecast period.
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  • 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.
  • Sony Corporation
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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