Wearable AI Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to wearable ai market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Wearable AI Market News

in Wearable AI Market
  • In October 2024, Oura Health launched the Oura Ring 4, featuring enhanced sensors for continuous health monitoring. The updated design offers improved accuracy in tracking metrics such as heart rate, blood oxygen levels, and sleep patterns. This iteration aims to provide users with more detailed insights into their health and wellness.
  • In July 2024, Samsung introduced the Galaxy Ring, marking its entry into the market. This device integrates artificial intelligence to offer proactive health monitoring, including real-time stress analysis and sleep tracking. The Galaxy Ring represents Samsung's commitment to expanding its wearable technology portfolio.
  • In May 2024, ByteDance, the parent company of TikTok, acquired Oladance, a Chinese earphone manufacturer, for approximately USD 50 million. This strategic move indicates ByteDance's interest in entering the wearable technology sector, potentially leading to innovative audio wearables integrated with its existing platforms.

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Global Wearable AI Market size was valued at USD 27.52 Billion in 2023 and is poised to grow from USD 35.72 Billion in 2024 to USD 287.79 Billion by 2032, growing at a CAGR of 29.8% in the forecast period (2025-2032).

The global wearable AI industry is highly competitive, with key players focusing on product differentiation, branding, and ecosystem expansion to strengthen their market presence. Companies such as Apple, Samsung, Fitbit (Google), Garmin, and Huawei are leveraging their brand loyalty and integrated ecosystems to drive customer retention. Apple continues to dominate the smartwatch segment by enhancing its Apple Watch with premium health-monitoring features, seamless iOS integration, and a subscription-based fitness service, Apple Fitness+. 'Apple Inc.', 'Samsung Electronics', 'Google (Fitbit)', 'Garmin Ltd.', 'Huawei Technologies', 'Xiaomi Corporation', 'Oura Health', 'Whoop', 'Sony Corporation', 'Bose Corporation', 'Microsoft Corporation', 'Alphabet Inc. (Google Pixel Watch)'

The increasing awareness of personal health and wellness has driven the demand for wearable devices such as smartwatches, fitness bands, and smart rings. Consumers are actively seeking devices that offer real-time tracking of vitals, including heart rate, oxygen levels, and sleep patterns. The integration of AI-driven predictive health analytics has further enhanced the adoption of wearables for preventive healthcare.

Medical-grade wearables are gaining immense popularity as they facilitate real-time health tracking and remote patient monitoring. These advanced devices are now capable of tracking blood pressure, glucose levels, ECG patterns, and even neurological activity. Companies such as Abbott and Medtronic are pioneering in the development of biosensors that provide continuous glucose monitoring (CGM) for diabetic patients, eliminating the need for frequent finger-prick tests. Additionally, wearable ECG patches from brands like AliveCor allow individuals to detect atrial fibrillation and other cardiac abnormalities, potentially preventing life-threatening events.

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Global Wearable AI Market
Wearable AI Market

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