Growing Adoption of Smart Wearables Equipped with AI Globally Drives the Growth of Wearable AI Market

Wearable artificial intelligence (AI) market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031). The market growth is attributed to the proliferation of 5G smartphones and the exponential expansion of developing technologies such as AI with IoT, wireless technology integration, and the growing ubiquity of smartwatches among millennials and Gen Z.   According to the National Center for Biotechnology Information (NCBI), in April 2022, the wearable device market size was valued at $32.6 billion in 2019 and is expected to expand at high rates in the next few years. 

Browse the full report description of “Wearable Artificial Intelligence (AI) Market Size, Share & Trends Analysis Report by Product (Smartwatches Fitness Trackers, AR/VR Headsets, Smart Earwear, Wearable Cameras, Smart Clothing & Footwear, and Others), by Operation (On-device AI, and Cloud-based AI), and by Application (Consumer Electronics, Gaming, Healthcare, Enterprise & Industrial, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/wearable-artificial-intelligence-market

Recent Developments

• In February 2024, Zepp Health Corp. in smart wearables and health technology launched Zepp OS 3.5, featuring Zepp Flow to make significant strides in wearable intelligence. This revolutionary enhancement brings a whole new level of interaction to wearable devices. Zepp Health's Amazfit smartwatches are the first to have a fully integrated natural-language user interface (LUI) powered by LLM AI in its operating system.

• In June 2023, Humane, Inc. introduced its first device called the Humane Ai Pin. The Humane Ai Pin is a new type of standalone device with a software platform that harnesses the power of AI to enable innovative personal computing experiences. The connected and intelligent clothing-based wearable device uses a range of sensors that enable contextual and ambient compute interactions.

• In March 2023, Apollo Neuroscience, Inc. introduced AI-driven wearable Technology for Sleep and Stress that Improves Physical and Mental Health. The Apollo wearable delivers low-frequency sound waves, felt as barely perceptible, soothing vibrations, called Apollo Vibes that restore balance to the nervous system, improving cardiovascular metrics, and sleep, and reducing feelings of stress and anxiety.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Product

o By Operation

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Apple Inc., Google LLC, Huawei Device Co., Ltd., Samsung Electronics Co., Ltd., and Xiaomi Group among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Wearable AI Market Report Segment

By Product

• Smartwatches Fitness Trackers
• AR/VR Headsets
• Smart Earwear
• Wearable Cameras
• Smart Clothing & Footwear
• Others (Smart Ring, Smart Patches, Smart Jewelry)

By Operation

• On-Device AI
• Cloud-based AI

By Application

• Consumer Electronics 
• Gaming
• Healthcare
• Enterprise & Industrial
• Others (Aviation, Retail, Agriculture, Construction, Defense)

Global Wearable AI Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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