The global wearable AI market is growing at a significant CAGR during the forecast period. A wearable device is a machine which can be attached to a human body with the use of the strap. These devices are widely available across the globe. Tech companies are innovating these devices to be small enough to wear and in which various sensors can be fit that can collect and provide information about surroundings. Wearable devices have a lot of applications, consumer electronics is the most eminent industry where it is used as smartwatch and wearable fitness bands. However, certain technologies have been developed recently Such as AI and machine learning. AI has been implemented in these wearable devices due to which they can be used for several additional applications primarily for healthcare, sports, and fitness use such as checking heartbeats, blood pressure and informing the user time to time.
The wearable AI market is segmented on the basis of product and applications. Based on the product, the market is segmented into smartwatches and fitness bands, eyewear, and earwear. Among products, the eyewear segment is expected to register significant growth in the market during the forecast period. This is owing to the growing demand for augmented reality and virtual reality. Based on application, the market is segmented into consumer electronics, gaming, and enterprise.