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According to the recent report, the wearable AI market is projected to grow from USD 62.7 billion in 2024 to USD 138.5 billion by 2029, with a notable CAGR of 17.2%. This growth is driven by increased health awareness, cutting-edge technological advancements, and the rising trend of integrating wearables with smart home devices.
Notably, the AR/VR headset segment is set for remarkable expansion, driven by advancements in immersive technology. The use of AR/VR in training programs across various industries, such as healthcare, manufacturing, and education, is becoming increasingly prominent, offering a hands-on approach to learning and skill development.
Smartwatches will hold a significant market share, driven by their integration with smartphone ecosystems and the demand for health and fitness tracking. The ability to monitor vitals, track workouts, and even manage stress levels through integrated health apps is making smartwatches indispensable.
The consumer electronics segment will also see increased demand due to innovative applications, including voice-activated assistants and customizable notifications. The on-device AI segment will grow as more consumers seek wearables capable of processing data locally to enhance privacy and reduce latency in data analysis.
In North America, expected growth is supported by a health-conscious population and leading tech companies driving innovation. The combination of high consumer spending, a culture that embraces technology, and the ongoing evolution of AI capabilities in wearables positions North America as a leader in the wearable AI market.
The Wall