The US Wearable AI market is estimated to grow significantly at a CAGR of over 28.6% during the forecast period. The factors contributing to the US wearbale AI market include investments in R&D, high expenditure on IT and ICT industry by government and private investors, and the presence of key players. The favorable government initiatives in product development and innovation along with the collaboration between the private and government sector to develop AI technology in the region further spurs the growth of the market. 

The region has well-developed ICT infrastructure and has witnessed a huge adoption of a large number of connected devices. The presence of major AI players such as Microsoft, IBM, and Google in the US further gives a boost to the growth of the market in the region. Moreover, high internet penetration is one of the major factors that is augmenting market growth in the US. The US houses many AI-based companies, such as Apple Inc., Fitbit Inc., Google LLC, Oracle Corp., Garmin Ltd., and many others, which results in its increased adoption across the region. As a result, several players present in the market are making their move towards the regional market for developing an assemblage of AI capabilities. The rapid advancement in advanced technologies such as wearable devices embedded with AI and their increasing adoption in the various end-user industry has encouraged many players to make their way into the image recognition market.

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 band, 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 band. Further, on the basis of application, the market is segmented into consumer electronics, gaming, enterprise, and others.

The major players in the US market include Google LLC, Fitbit, Inc., Microsoft Corp., and Apple, Inc. Some of the major strategies adopted by the market players include mergers and acquisitions, product launches, and partnerships and collaborations to expand market share and gain a competitive advantage. For instance, in November 2019, Fitbit, Inc. entered into a definitive agreement to be acquired by Google LLC. The aim of the acquisition was to accelerate innovation in the wearable category and scale faster and make AI-enabled wearable devices more accessible. In addition, introduction of new and innovative products is adopted as the key market strategy by the major and small market players.

Research Methodology

The market study of the US 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 on 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. US Wearable AI Market Research and Analysis by Product Type
2. US Wearable AI Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the US 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 US Wearable AI market.
• Insights about market determinants which are stimulating the US Wearable AI market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.