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Wearable AI Market Share

Report ID: GMI3245
Published Date: Apr 2019
Report Format: PDF

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Wearable AI Market Share

Companies present in the market are focusing on the development of new smart wearables to gain a foothold in the market. Some technology companies present in the market are also focusing on the introduction of new applications, providing support to wearables. In March 2019, the company launched new products Fitbit Versa Lite Edition,Fitbit Inspire HR,Fitbit Inspire,Fitbit Ace 2.These new products are affordable to customers worldwide and will expand the customer base. In November 2017, Apple launched a new application, Apple Heart Study. The new application helps to collect data on irregular heart rhythms and notify users with changes in heart strokes for Atrial Fibrillation (AFib).Some of the players operating in the wearable AI market are

Apple
Fossil
Facebook
HTC
Bragi
Fitbit
Garmin
Jabra
Xiaomi
Huawei
Samsung
Microsoft
ANTVR
Huami
Google

Authors: Preeti Wadhwani, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of wearable AI surpassed USD 35 billion with demand of more than 150 million units in 2018.

The industry share of wearable AI is set to register CAGR of around 30% from 2019 to 2025.

According to this research report by GMI, North America is projected to hold a dominant market share of around 35% by 2025.

The smartwatches & fitness bands will grow at a CAGR of above 20% through 2025 led by rising efforts by technology companies for the further development of smart analysis technologies which includes time health status analysis.

Some of the key market players are Apple, Fossil, Facebook, HTC, Bragi, Fitbit, Garmin, Jabra, Xiaomi, Huawei, Samsung, Microsoft, ANTVR, Huami, and Google.

The market demand in the gaming application segment is owing to rising usage of VR and AR in the gaming software console.