Wearable AI Market to reach a market size of $38.3 billion by 2025 - KBV Research

NEW YORK - April 21, 2020 - PRLog -- According to a new report Global Wearable AI Market, published by KBV research, The Global Wearable AI Market size is expected to reach $38.3 billion by 2025, rising at a market growth of 20.2% CAGR during the forecast period. The advent of the convergence of wireless technologies and IoT in different products used on a regular basis is one of the key factors for the global wearable AI industry to thrive. A range of wearables such as eyewear, accessories, watches are equipped with sophisticated AI technologies to monitor health status, location status, environment status, etc. As a result, the need for these smart devices has opened up multiple opportunities for the industry to expand. Based on the market overview of wearable AI, the market is segmented into type, application, and region.

With the sudden break of Covid-19 in late months of year 2019, the markets worldwide are unfortunately experiencing its grip. The suppliers and consumers of the products & Services are affected in a big way across the sectors resulting in declining revenues in last quarters of year 2019. The declining trend in market sizes is expected to not only sustains but will also amplify itself in year 2020 hugely disturbing the economies worldwide.

North America is one of the major investors to the wearable AI market. A major driver for the growth of the wearable AI market in North America is the increase in R&D at both academic and industry level, which broadens the application areas of wearable AI in consumer electronics, business and industrial applications and healthcare.

Global Wearable AI Market Segmentation

By Type

• Smart Watch
• Smart Eyewear
• Smart Earwear
• Others

By End User

• Consumer Electronics
• Healthcare
• Military & Defense
• Automotive
• Others

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Apple, Inc.
• Samsung Electronics Co., Ltd. (Samsung Group)
• Microsoft Corporation
• Sony Corporation
• Garmin Ltd.
• Fitbit, Inc.
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• com, Inc.
• IBM Corporation
• Oracle Corporation
Structural Insights: https://www.kbvresearch.com/wearable-ai-market/