Wearable AI Devices Market
                     202
2
Wearable AI Devices Market 
Analysis, Emerging Trends, 
Key Players, Future Scope
© P&S Intelligence. All Rights Reserved 1
The increasing public awareness about fitness level and surging public focus on healthy lifestyle, owing to the 
hectic work schedule and the sedentary life of people, are propelling the usage of wearable devices worldwide. 
People use wearable devices to track vitals, such as heartbeat, calorie intake, and calories burnt. The real-time 
information displayed by these devices helps reduce diabetes cases and encourage people to exercise regularly. 
Owing to the various benefits of artificial intelligence (AI)-powered wearable devices, electronics manufacturers 
are increasingly adopting AI technologies in their products.
Additionally, the mounting per capita income of people will also help the wearable AI devices market propel at a 
whopping CAGR of 29.0% during 2019–2024. According to P&S Intelligence, the market was valued at $11,182.8 
million in 2018, and it will generate $49,240.6 million revenue by 2024. For instance, the World Bank states that 
the per capita gross national income (GNI) of China, Australia, and France grew from $10,390 in 2019 to $10,610 
in 2020, $48,660 in 2018 to $50,540 in 2019, and $47,600 in 2018 to $50,400 in 2019, respectively. 
Currently, wearable device manufacturers are integrating AI technology in wristwear, such as fitness bands and 
smartwatches, earwear, and eyewear. In earlier times, AI-enabled wristwear was preferred over other wearables 
as they are equipped with AI functionalities, such as heart rate monitoring, sleep tracking, and personal voice 
assistance. All the above-mentioned AI-supported wearables consist of displays, sensors, memory devices, 
processors, power management systems, and connectivity integrated circuits (ICs). These advanced wearable 
devices are used in the gaming, healthcare, and consumer electronics industries.
© P&S Intelligence. All Rights Reserved 2
 In recent years, AI-enabled wearable device manufacturers are predominantly focusing on partnerships to facilitate 
the adoption of their products among a greater number of people. For example, in January 2018, Xiaomi Corporation 
partnered with Oculus to introduce standalone VR headsets, such as Xiaomi Mi and Oculus GO VR Standalone. Both 
these headsets use Snapdragon mobile VR platform to meet high-processing requirements. Companies such as Fitbit 
Inc., Google LLC, BRAGI GmbH, Apple Inc., Fossil Group Inc., and Huawei Investment & Holding Co. Ltd., are also 
entering into partnerships to lure more customers.
Globally, North America dominated the wearable AI devices market in the recent past due to the presence of 
numerous consumer electronics manufacturers, the high per capita income of people, and hefty investments that 
were made to encourage AI integration in wearable devices in the region. For instance, the World Bank states that the 
per capita GNI of the U.S. was $66,060 in 2019. The organization also estimates that the per capita GNI of Canada 
grew from $49,430 in 2018 to $49,990 in 2019. 
Request to Get the Sample Report:  
https://www.psmarketresearch.com/market-analysis/wearable-ai-devices-market/report-sample
© P&S Intelligence. All Rights Reserved 3
In the upcoming years, the Asia-Pacific (APAC) region will emerge as a significant user of AI-enabled wearable devices, 
owing to the surging disposable income of people, booming population, and increasing adoption of advanced 
technologies, such as AI. For example, the Reserve Bank of India (RBI) data reveals that the gross national disposable 
income of India rose from INR 1,73,15,933 crore in financial year (FY) 2017–2018 to INR 1,92,37,943 crore in FY 2018–
2019. 
Thus, the rising public focus on a healthy lifestyle and escalating per capita income of people are encouraging the 
usage of wearable AI devices worldwide. 
More Latest Reports by P&S Intelligence:
Interactive Kiosk Market Growth
Payment Processing Solutions Market Outlook
Europe E-Signature Market Insights
Contact Center Software Market Outlook
© P&S Intelligence. All Rights Reserved 4
This study covers
1. Historical and the present size of the Wearable AI Devices Market 
2. Future potential of the market through its forecast for the period 2020– 2030
3. Historical and the present size of the market segments and understand their 
comparative future potential
4. Potential of on-demand logistics services, so the market players make informed 
decisions on the sales of their offerings
5. Competitive scenario of various market segments across key countries in several 
regions for uncovering market opportunities for the stakeholders
6. Major players operating in the market and their service offerings
© P&S Intelligence. All Rights Reserved 5
Disclaimer: 
P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy 
of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on 
primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key 
industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not 
be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S 
Intelligence does not endorse any product, service, or vendor depicted in its research publications. 
All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no 
circumstance can these be reproduced in any form without prior written agreement of their owners.
An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in 
general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or 
sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, 
electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.
For queries related to sales, contact 
us aetn:[email protected]
US/Canada Toll-Free: 1-888-778-
To know more about us, visit our 
7886
webspitsemarketresearch.com International: +1-347-960-6455
India: +91 120 4541 337
© P&S Intelligence. All Rights Reserved 6