Market Overview:
The global wearable AI assistants market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for voice-activated AI assistants, rising adoption of smart wearables, and growing number of AI startups. On the basis of type, the global wearable AI assistants market is segmented into on-device AI and cloud-based AI. The on-device segment is expected to hold a larger share in the market during the forecast period owing to its low latency and better performance as compared to cloud-based solutions. However, with advancements in cloud technology and increasing bandwidth availability, the cloud-based segment is projected to grow at a higher rate during the forecast period. On the basis of application, consumer electronics accounted for majority share of revenue generated by wearable AI assistants in 2017; however, healthcare applications are expected witness highest growth rate over next few years due high potential benefits offered by these applications such as improved patient care quality & safety and reduced costs associated with treatment procedures etc. Other major application areas include enterprise & industrial sector and education sector among others.
Product Definition:
Wearable AI assistants are AI assistants that are worn on the body. They can be used to help with tasks such as remembering appointments, providing reminders, and giving information about the weather or current events. Wearable AI assistants can also be used to provide assistance with activities such as exercise or meditation.
On-Device AI:
On-device AI is an artificial intelligence technology that runs on wearable devices. It has witnessed tremendous growth in recent years owing to the increasing demand for intelligent personal assistants and smartphones. The technology helps in performing various tasks, such as monitoring health, fitness activities, tracking assets and others based on voice commands or sensor data.
Cloud-Based AI:
Cloud-based AI is a set of tools and services that help businesses to analyze data from multiple sources, integrate it with business rules, and use it to make informed decisions. It helps in deriving insights from the collected data by using machine learning technology. The technology is used for various applications such as fraud detection, automated speech recognition & translation, computer vision & image processing among others.
Application Insights:
The consumer electronics segment accounted for the largest revenue share in 2017 and is anticipated to maintain its lead over the forecast period. The increasing use of wearable devices, such as fitness bands and smartwatches, has led to increased demand for on-device AI assistants. Furthermore, with the growing adoption of smartphones across developing countries such as China and India, demand for wearables is also rising there. This trend is expected to continue over the forecast period driving growth in Asia Pacific.
The enterprise & industrial segment accounted for a significant revenue share in 2017 owing to increasing adoption of AI assistants by companies offering services related to time management and employee productivity.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of prominent players such as Google LLC; Apple Inc.; Microsoft Corporation; and Amazon.com, Inc. Moreover, increasing investments by these companies for developing innovative technologies will boost the growth further. For instance, in January 2018, Google LLC announced its plan to develop a smart contact lens that can detect glucose levels in tears using AI technology. The company is working with Novartis AG on this project under an agreement signed in 2015 (Novartis Agreement). Such collaborations are expected to propel regional growth over the forecast period as well.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing investments by industry leaders along with rising adoption of wearable devices among consumers for fitness monitoring and healthcare applications primarily due to low cost and high utility offered by wearables comparedto mobile phones or tablets PC/Macbook etc.
Growth Factors:
- Increasing demand for wearable devices: The global market for wearable devices is expected to grow at a CAGR of 18.4% from 2016 to 2021, reaching USD 171.9 billion by 2021. This growth can be attributed to the increasing demand for fitness and health tracking devices, growing popularity of smart watches and rising awareness about the benefits of using wearable devices.
- Proliferation of AI assistants: AI assistants are becoming increasingly popular with the advent of voice-activated virtual assistants such as Siri (Apple), Cortana (Microsoft) and Alexa (Amazon). These virtual assistants can be used on smartphones, tablets and PCs and are capable of performing a wide range of tasks such as sending messages, setting alarms, making appointments etc. With the proliferation of AI assistants, there is an increasing demand for voice-activated wearables that can provide hands-free access to these virtual assistants.
- Advancements in technology: Wearable technology is evolving rapidly with new features being added regularly. For example, Apple's Watch Series 3 has cellular connectivity which allows users to make calls directly from their watch without having to carry their phone around with them all the time . This trend will continue in future with more advanced features being added to wearables such as augmented reality/virtual reality headsets and hearable gadgets that act as personal assistant speakers .
- . Growing acceptance among consumers: There has been a growing acceptance among consumers towards wearing gadgets on their body over the past few years . This is evident
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable AI Assistants Market Research Report
By Type
On-Device AI, Cloud-Based AI
By Application
Consumer Electronics, Enterprise & Industrial, Healthcare, Others
By Companies
Apple, Samsung, Google, Microsoft, Sony, Garmin, Fitbit, Huawei, Amazon, IBM, Oracle, Bragi, Motive, Shft, Lifebeam, Focusmotion, Moov, Atlas, Biobeats, Physiq, Touchkin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Wearable AI Assistants Market Report Segments:
The global Wearable AI Assistants market is segmented on the basis of:
Types
On-Device AI, Cloud-Based AI
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Enterprise & Industrial, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Samsung
- Google
- Microsoft
- Sony
- Garmin
- Fitbit
- Huawei
- Amazon
- IBM
- Oracle
- Bragi
- Motive
- Shft
- Lifebeam
- Focusmotion
- Moov
- Atlas
- Biobeats
- Physiq
- Touchkin
Highlights of The Wearable AI Assistants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Device AI
- Cloud-Based AI
- By Application:
- Consumer Electronics
- Enterprise & Industrial
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wearable AI Assistants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wearable AI Assistants are devices that help people with disabilities or chronic conditions live more independently. They can provide assistance with tasks like dressing, bathing, and eating.
Some of the key players operating in the wearable ai assistants market are Apple, Samsung, Google, Microsoft, Sony, Garmin, Fitbit, Huawei, Amazon, IBM, Oracle, Bragi, Motive, Shft, Lifebeam, Focusmotion, Moov, Atlas, Biobeats, Physiq, Touchkin.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable AI Assistants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wearable AI Assistants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable AI Assistants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wearable AI Assistants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wearable AI Assistants Market Size & Forecast, 2018-2028
4.5.1 Wearable AI Assistants Market Size and Y-o-Y Growth
4.5.2 Wearable AI Assistants Market Absolute $ Opportunity
Chapter 5 Global Wearable AI Assistants Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wearable AI Assistants Market Size Forecast by Type
5.2.1 On-Device AI
5.2.2 Cloud-Based AI
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wearable AI Assistants Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wearable AI Assistants Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Enterprise & Industrial
6.2.3 Healthcare
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable AI Assistants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wearable AI Assistants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wearable AI Assistants Analysis and Forecast
9.1 Introduction
9.2 North America Wearable AI Assistants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wearable AI Assistants Market Size Forecast by Type
9.6.1 On-Device AI
9.6.2 Cloud-Based AI
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wearable AI Assistants Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Enterprise & Industrial
9.10.3 Healthcare
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wearable AI Assistants Analysis and Forecast
10.1 Introduction
10.2 Europe Wearable AI Assistants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wearable AI Assistants Market Size Forecast by Type
10.6.1 On-Device AI
10.6.2 Cloud-Based AI
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wearable AI Assistants Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Enterprise & Industrial
10.10.3 Healthcare
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wearable AI Assistants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wearable AI Assistants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wearable AI Assistants Market Size Forecast by Type
11.6.1 On-Device AI
11.6.2 Cloud-Based AI
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wearable AI Assistants Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Enterprise & Industrial
11.10.3 Healthcare
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wearable AI Assistants Analysis and Forecast
12.1 Introduction
12.2 Latin America Wearable AI Assistants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wearable AI Assistants Market Size Forecast by Type
12.6.1 On-Device AI
12.6.2 Cloud-Based AI
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wearable AI Assistants Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Enterprise & Industrial
12.10.3 Healthcare
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wearable AI Assistants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wearable AI Assistants Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wearable AI Assistants Market Size Forecast by Type
13.6.1 On-Device AI
13.6.2 Cloud-Based AI
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wearable AI Assistants Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Enterprise & Industrial
13.10.3 Healthcare
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wearable AI Assistants Market: Competitive Dashboard
14.2 Global Wearable AI Assistants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Samsung
14.3.3 Google
14.3.4 Microsoft
14.3.5 Sony
14.3.6 Garmin
14.3.7 Fitbit
14.3.8 Huawei
14.3.9 Amazon
14.3.10 IBM
14.3.11 Oracle
14.3.12 Bragi
14.3.13 Motive
14.3.14 Shft
14.3.15 Lifebeam
14.3.16 Focusmotion
14.3.17 Moov
14.3.18 Atlas
14.3.19 Biobeats
14.3.20 Physiq
14.3.21 Touchkin
