Indian Wearable AI market is estimated to grow significantly at a CAGR of 33.3% during the forecast period. India is one of the fastest emerging economies for wearable AI in the Asia-Pacific. The growth of the market in the region is attributed to the adoption of various government policies to drive AI innovation, and proliferation in various sectors such as information & technology, healthcare, consumer goods among many other sectors. For instance, in May 2019, NITI Aayog, Department of the Indian government, has drawn up a plan for creating an institutional framework for AI in the country. The department has circulated a cabinet note to provide $750 million in funding for the creation of a cloud computing platform called AIRAWAT and research institutes. Moreover, in June 2018, the Indian government defined a national policy on AI in a working paper titled National Strategy for AI #AIforAll. The NITI Aayog has announced to focus on five sectors that are envisioned to benefit from AI.

The market is segmented on the basis of product type and application. Based on the product type, the market is segmented into smartwatches and fitness bands, eyewear, earwear, and others. AI-based smartwatches and fitness bands segment is estimated to hold a significant share and is estimated to show optimistic growth during the forecast period owing to the increasing product launches for AI-based smartwatches and fitness bands. Further, on the basis of application, the market is segmented into consumer electronics, gaming, enterprise, and others.

In India, several startup companies are involving for the improvement of the healthcare infrastructure, and to assist doctors and practitioners for the diagnosis of several chronic diseases even at early stages. With the help of such predictive analytics, the companies are manufacturing diagnostic tools that assist doctors to diagnose with more accuracy. For instance, ten3T, a medical wearable startup company, manufactures medical-grade wearable devices attached with a Cicer that aids in monitoring the patient’s health. Whereas, mFine, a healthcare startup company headquartered in Bengaluru has close to 1200 diseases in the system to give 85% of accurate diagnosis. 

Research Methodology

The market study of India Wearable AI market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for IT companies, healthcare companies, research institutes, hospitals, and government organizations, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. India Wearable AI Market Research and Analysis by Product Type
2. India Wearable AI Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the India Wearable AI market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India Wearable AI market.
• Insights about market determinants which are stimulating the India Wearable AI market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.