According to the research report titled ‘Wearable Artificial Intelligence (AI) Market Size By Product (Smartwatch & Fitness Band, Head Mounted Display (HMD), Earwear), By Application (Consumer Electronics, Gaming, Enterprise), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, Australia, China, India, Japan, South Korea, Singapore, Brazil, Mexico, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with MarketStudyReport, global wearable artificial intelligence (AI) market is expected to surpass USD 180 billion in valuation, with over 1 billion units sold by the end of 2025.

Rising disposable income in emerging economies, increasing sales of smartwatches, growing focus on fitness and health monitoring, technological breakthroughs in consumer electronics, mounting smartphone & internet penetration, and accessibility to real-time based health insights are some of the major factors driving the growth of the global wearable artificial intelligence market.

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As per product type, the smartwatches & fitness band segment is estimated to capture 85% market share by the end of the analysis period, primarily due to continuous advancements in the design & functionality of smartwatches and availability at affordable prices.

On the other hand, the report cites that head-mounted display segment is predicted to expand at 38% CAGR through 2025 on account of widespread adoption in the VR-based gaming solutions and high-tech gaming consoles that have allowed users to communicate with their surroundings in the virtual reality settings.

Global wearable artificial intelligence industry size from the earwear segment is also expected to record a 43% CAGR over the review period, due to the rising availability of AI assistants such as Alexa or Siri in various electronics.

Highlighting the application scope, the gaming segment is anticipated to showcase 35% CAGR over the forecast timeline, owing to the technical advances in the VR/AR oriented hardware gaming consoles & gaming software as well as easy availability of next-generation video & audio solutions.

Regionally, North America held 30% market share in 2018 and is estimated to witness stellar growth over the forecast timespan, primarily attributed to major companies such as Oculus and Apple providing consumers with high-end wearable devices at a lower price and high adoption rates among the young population.

Meanwhile, wearable artificial intelligence market in Asia Pacific is predicted to register a y-o-y growth rate of over 50% during the forecast timeline due to the growing average income in developing countries and the introduction of smart wearable products at affordable prices.

The major companies in global wearable artificial intelligence industry are Apple Inc., Facebook Inc., Fossil Group Inc., Google LLC, Huawei Technologies Co. Ltd., Lenovo Group Ltd., Microsoft Corporation, ANTVR Technology Co. Ltd., Samsung Electronics Co. Ltd., Starkey Hearing Technologies, Bragi GmbH, Fitbit Inc., Garmin Ltd., HTC Corporation, Jabra, LG Electronics Inc., Misfit, Panasonic Corporation, Sony Corporation, and Xiaomi Corporation.