Wearable AI Industry Overview

The global wearable AI market size was valued at USD 21.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 29.8% from 2023 to 2030.

The market is witnessing significant growth due to the exponential rise of emerging technologies, such as artificial intelligence (AI), and 5G smartphone adoption. The increased adoption of smart wearables enabled with AI is due to the advancement of IoT, integration of wireless technology, and the increasing popularity of smartwatches among millennials and Gen Z.

Gather more insights about the market drivers, restrains and growth of the Wearable AI Market

Many key players in the market are targeting gen Z and introducing AI-enabled wearable products, for instance, in June 2022, Noise launched its eyewear, the Noise i1. It offers voice assistance and wireless music streaming by connecting to smartwatches through Bluetooth and attending phone calls. Noise i1 also allows one to play or pause music, answer, or decline calls, and activate the voice assistant on a user's phone.

Various cutting-edge wearable sensory devices with minimally intrusive health monitoring platforms have been developed due to the advancements. As a result, consumers now have a way to better diagnose diseases at an early stage and pay less overall for more invasive routine diagnostic services. Additionally, a smart implantable is another wearable device that will use artificial intelligence for sensors to monitor blood pressure, heart rate, glucose level, etc. For instance, Proteus, a bioscience company, produced a digital pill, which allows consumers to understand body metrics, as after swallowing the pill, the consumers get their body metrics using an external device.

There are various technological advancements taking place in the market. Some of them include the adoption of 5G, biosensors, beacon technology, smart rings, smart implantable, etc. Moreover, many device manufacturers are focusing on incorporating wellness and personal health features in the wearables such as blood oxygen sensors, heart rate monitors, electrocardiogram monitors, and other sensors that alert potential health issues. For instance, Fitbit offers watches with built-in thermometers that alert people regarding potential fever, especially during the COVID-19 pandemic.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global 5G in healthcare market sizewas estimated at USD 50.8 billion in 2023 and is expected to grow at a CAGR of 40.5% from 2024 to 2030.
• The global orthopedic software market was estimated at USD 409.3 million in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030.

Wearable AI Market Segmentation

Grand View Research has segmented the global wearable AI market based on type, application, operations, component, and region:

Wearable AI Type Outlook (Revenue, USD Million, 2017 - 2030)

• Smartwatches
• Smart Eyewear
• Smart Earwear
• Others

Wearable AI Application Outlook (Revenue, USD Million, 2017 - 2030)

• Consumer Electronics
• Healthcare
• Automotive
• Military & Defense
• Media & Entertainment
• Others

Wearable AI Operations Outlook (Revenue, USD Million, 2017 - 2030)

• On-device AI
• Cloud-based AI

Wearable AI Component Outlook (Revenue, USD Million, 2017 - 2030)

• Processor
• Connectivity IC
• Sensors

Wearable AI Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • S.
  • Canada
• Europe
  • K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Key Companies profiled:

• com, Inc.
• Fitbit, Inc.
• Garmin Ltd.
• Google, Inc.
• Huawei Technologies Co. Ltd.
• IBM
• Motorola Solutions, Inc.
• TomTom International B.V.
• Apple, Inc.
• Samsung Electronics Co. Ltd.
• Sony Corporation

Key Wearable AI Company Insights

• IBM announced that it signed a strategic collaboration agreement with Amazon Web Services. This agreement would enable IBM to make a variety of its software products available as services on the AWS marketplace.
• Apple announced the release of the Apple Watch 7 and its newest generation of iPhones. The Apple Watch 7 is the company's eighth-generation smartwatch and the first new model to be introduced in a while.

Order a free sample PDF of the Wearable AI Market Intelligence Study, published by Grand View Research.