Global Wearable AI Devices Market is Set to Reach USD 50.8 billion by 2024

The global wearable AI devices market is expected to grow at a CAGR of 28.2% during the forecast period with its market size predicted to reach USD 50.8 billion by 2024. Globally, wearable AI devices industry players are leveraging market growth through product launches, partnerships, and geographic expansion.

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On the basis of component, the global wearable AI devices market is divided into processor, display, connectivity ic, power management system, sensors, memory, and others.

On the basis of end-user, the global wearable AI devices market is categorized into consumer electronics, healthcare, gaming, and others. Of all, the consumer electronics category held largest share in the market in 2018 owing to the increasing adoption of wearable devices among the population to monitor their health.

North America has accounted for the largest share in wearable AI devices market, globally and is predicted to grow significantly during the forecast period.

Some of the key players operating in the global wearable AI devices market are Apple Inc., Samsung Electronics Co. Ltd., Fitbit Inc., Xiaomi Corporation, Sony Corporation, BRAGI GmbH, Garmin Ltd., Huawei Investment & Holding Co. Ltd., Fossil Group Inc., Google LLC, and Microsoft Corporation.

Source: VynZ Research