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US Wearable AI Market (2022-2027) by Product, Component, Operation, Application, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5585438
  • Report
  • April 2022
  • Region: United States
  • 173 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Biobeats
  • Fitbit Inc
  • Fossil Group Inc
  • Google Inc (Alphabet Inc)
  • IBM Corp
  • PhysIQ
The US Wearable AI Market is estimated to be USD 4.91 Bn in 2022 and is projected to reach USD 17.14 Bn by 2027, growing at a CAGR of 28.41%.



Market dynamics are forces that impact the prices and behaviors of the US Wearable AI Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The US Wearable AI Market is segmented based on Product, Component, Operation, Application.
  • By Product, the market is classified into Smart Watch, Ear Wear, Eye Wear, and Other Body Wear.
  • By Component, the market is classified into Display, Processor, Power Management, Connectivity IC, Memory/Storage, Sensors, UI, and Others.
  • By Operation, the market is classified into On Device AI Cloud and Cloud-Based AI.
  • By Application, the market is classified into Consumer Electronics, Healthcare, Enterprise and Industrial, and Others.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Biobeats, Bragi GmbH, Fitbit Inc, Focusmotion, Fossil Group Inc, Garmin Ltd, Google Inc (Alphabet Inc), etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Wearable AI Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Wearable AI Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Wearable AI Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the US Wearable AI Market

What is the estimated value of the US Wearable AI Market?

The US Wearable AI Market was estimated to be valued at $4.9 Billion in 2022.

What is the growth rate of the US Wearable AI Market?

The growth rate of the US Wearable AI Market is 28.4%, with an estimated value of $17.1 Billion by 2027.

What is the forecasted size of the US Wearable AI Market?

The US Wearable AI Market is estimated to be worth $17.1 Billion by 2027.

Who are the key companies in the US Wearable AI Market?

Key companies in the US Wearable AI Market include Biobeats, Bragi GmbH, Fitbit Inc, Focusmotion, Fossil Group Inc, Garmin Ltd, Google Inc (Alphabet Inc), HTC Corp and IBM Corp.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Biobeats
  • Fitbit Inc
  • Fossil Group Inc
  • Google Inc (Alphabet Inc)
  • IBM Corp
  • PhysIQ

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Augmentation of Operations in the Healthcare Industry
4.1.2 Emergence of IoT and Integration of Wireless Technology in Wearable Component Increase in Consumer Preference and Demand for Advanced Wearable Devices
4.2 Restraints
4.2.1 Rapidly Evolving Consumer Electronics Sector with Shorter Life Cycle
4.3 Opportunities
4.3.1 Surging Demand of Wearables for Pets and Animals
4.4 Challenges
4.4.1 Charging, Power, and Battery Life Optimization
4.4.2 Designing Technologically Advanced Product along with Fashionable Elements
4.4.3 Data Privacy Compliances and Regulations
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US' Wearable AI Market, By Product
6.1 Introduction
6.2 Smart Watch
6.3 Ear Wear
6.4 Eye Wear
6.5 Other Body Wear
7 US' Wearable AI Market, By Component
7.1 Introduction
7.2 Display
7.3 Processor
7.4 Power Management
7.5 Connectivity IC
7.5.1 Cellular
7.5.2 NFC
7.5.3 Bluetooth
7.5.4 Wi-Fi+Bluetooth
7.5.5 Wi-Fi
7.5.6 ANT+
7.5.7 GPS
7.6 Memory/Storage
7.7 Sensors
7.8 UI
7.9 Others
8 US' Wearable AI Market, By Operation
8.1 Introduction
8.2 On-Device AI
8.3 Cloud-Based AI
9 US' Wearable AI Market, By Application
9.1 Introduction
9.2 Consumer Electronics
9.3 Healthcare
9.4 Enterprise and Industrial
9.5 Others
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Biobeats
11.2 Bragi GmbH
11.3 Fitbit Inc
11.4 Focusmotion
11.5 Fossil Group Inc
11.6 Garmin Ltd
11.7 Google Inc (Alphabet Inc)
11.8 HTC Corp
11.9 Huawei Technologies Co. Ltd
11.10 IBM Corp
11.11 Microsoft Corp
11.12 Moov Inc Motorola Mobility LLC Oracle Corp
11.13 PhysIQ
11.14 Samsung Electronics Co. Ltd
11.15 SHFT (SHFT IQ)
11.16 Sony Group Corp
12 Appendix
12.1 Questionnaire
Note: Product cover images may vary from those shown
  • Biobeats
  • Bragi GmbH
  • Fitbit Inc
  • Focusmotion
  • Fossil Group Inc
  • Garmin Ltd
  • Google Inc (Alphabet Inc)
  • HTC Corp
  • Huawei Technologies Co. Ltd
  • IBM Corp
  • Microsoft Corp
  • Moov Inc Motorola Mobility LLC Oracle Corp
  • PhysIQ
  • Samsung Electronics Co. Ltd
  • SHFT (SHFT IQ)
  • Sony Group Corp
Note: Product cover images may vary from those shown