What is the global market size of Wearable AI Device Market?

Wearable AI Device Market size was valued at USD 16.33 billion in 2021 and is poised to grow from USD 21.2 billion in 2022 to USD 221.68 billion by 2030, growing at a CAGR of 29.8% in the forecast period (2023-2030).

Wearable AI Device Market Size

SkyQuest Technology's Wearable ai device market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Wearable AI Device Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Wearable AI Device Market Insights

Global Wearable AI Device Market size was valued at USD 21.2 billion in 2023 and is poised to grow from USD 27.52 billion in 2024 to USD 221.72 billion by 2032, growing at a CAGR of 29.8% during the forecast period (2025-2032).

As companies have begun to develop more types of wearable devices with powerful sensor technologies that can collect and deliver information about their surroundings, wearable devices have become a more common part of the technology industry. Today's wearable devices' capabilities can be enhanced by AI-enabled technology. It is anticipated that connected devices and AI-enabled technology will increase life expectancy and quality. As the simplest and most convenient tools for collecting health data, monitoring, and interacting with users while on the go, wearables play a significant role in this outlook. Artificial intelligence (AI)-enabled wearable devices are becoming increasingly popular. The fact that people are becoming more concerned about their health is the primary reason these devices have been successful.

Additionally, AI-enabled wearable devices are useful for tracking a person's food intake and portion sizes. AI-enabled wearable devices can also suggest changes that a person should make to improve their fitness level based on this data. The market is experiencing a variety of technological advancements. The use of 5G, biosensors, beacon technology, smart rings, smart implantable, and other similar technologies are just a few examples.

US Wearable AI Device Market is poised to grow at a sustainable CAGR for the next forecast year.

Wearable AI Device Market Report Snapshots

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For market expansion, major players employ a variety of key strategies, including product launch, product development, collaboration, partnership, and others.For instance, Amazon unveiled its echo frame smart glasses.They give you hands-free access to Alexa, so you can control your smart home, make calls, set reminders, add things to your to-do list, listen to podcasts, and more from anywhere. 'Apple Inc. (United States) ', 'Alphabet Inc. (United States) ', 'Meta Platforms, Inc. (United States) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'Sony Corporation (Japan) ', 'Garmin Ltd. (United States) ', 'Xiaomi Corporation (China) ', 'Huawei Technologies Co., Ltd. (China) ', 'Fitbit, Inc. (United States) ', 'Fossil Group, Inc. (United States) ', 'LG Electronics Inc. (South Korea) ', 'Microsoft Corporation (United States) ', 'Vuzix Corporation (United States) ', 'Amazfit (Zepp Health Corporation) (China) ', 'Withings (France) ', 'Polar Electro Oy (Finland) ', 'Suunto Oy (Finland) ', 'Coros Wearables Inc. (United States) ', 'Oura Health Ltd. (Finland) ', 'Whoop, Inc. (United States) '

The increasing use of advanced technologies like artificial intelligence (AI) and 5G smartphone technology is to blame for the expansion of the wearable AI market. Wearable device data is frequently collected and analyzed with smartphones. The rapid expansion of the smartphone market has sped up the creation of user-friendly and responsive Android and IoT-enabled wearable app development. In developing economies, rapid urbanization and increased disposable income encourage market expansion and set the trends for wearable technology in the future.

The market is being driven by the trend of e-payments made with wearable devices. A contactless payment jacket with a chip-in cuff that allowed for contactless payment was introduced by British menswear designer Lyle & Scott and Barclaycard.In October 2015, for instance, Ringly and Mastercard made it possible for customers to make contactless payments by wearing their rings.bPay, a wearable technology company backed by Barclaycard, offers jackets, fobs, and stickers that can be used to perform contactless payments. In May 2022, Sony introduced the Wena 3, a smartwatch that can be used as a regular watch but accepts mobile payments through Barclaycard in the United Kingdom.

In terms of revenue, North America held the largest global Wearable AI Device market share in 2021, due to substantial investments made by private companies and government initiatives that supported the use of AI technology. In response to the lack of ventilators required to treat critically ill patients in hospitals and medical facilities worldwide, Fitbit unveiled the Fitbit Flow, a wearable AI device, in June 2020.

Wearable AI Device Market Size

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