UK Wearable AI market is estimated to grow significantly at a CAGR of over 29% during the forecast period. The rising demand for wearable AI along with the rising disposable income of the population of UK is one of the key factors to promote market growth. The country has also seen some major startups in wearable AI in recent years that include Elvie, Bluebell, Soter Analytics, Accurable, and Medopad among others. Elvie is a London-based femtech company that engages in developing smarter technology for women that includes a silent wearable breast pump and a smart pelvic floor exerciser.
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.
The major players in UK market include Google LLC, Fitbit, Inc., Microsoft Corp., and Apple, Inc. In addition, there are various start-ups in the country that are trying to gain a competitive position in the market. Some of the startups in wearable AI include Elvie, Bluebell, Accurable, and Medopad among others. Soter Analytics offer wearable product, SoterSpine Coach which is an ergonomics training program powered by AI. It gives personalized recommendations for movements that can reduce injuries at the workplace. The use of this app enables workers to track their data and self-manage their improvement.
Research Methodology
The market study of UK 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
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
The Report Covers
1. UK WEARABLE AI MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
2. UK WEARABLE AI MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. UK WEARABLE AI MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)
2. UK WEARABLE AI MARKET SHARE BY APPLICATION, 2018-2025 ($ MILLION)