The Asia-Pacific wearable AI market is estimated to grow significantly at a CAGR of more than 29% during the forecast period. The economies that are contributing to the market growth in the region include China, India, and Japan. The market in the region is largely driven by investment from the AI companies and a significant rise to big data. A large amount of data generation enables AI systems to create more sophisticated insights, thus, offering companies to reduce costs, scale operations, improve productivity and enhance more targeted products and services to consumers.
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There is an increasing number of companies in Japan that are investing in the development of AI technology. Major players in the technology market such as Samsung and Sony Corp. are actively involved in the development of wearable AI products. For instance, in 2019, Sony Corp. launched the Sony Wena straps, which, when connected to a traditional watch, enables watch-based contactless payment, basic fitness tracking, and notification access from the connected phone.
The market is segmented on the basis of product type and application. Based on the product type, the market is segmented into smartwatches and fitness bands, eyewear, earwear, and others. Earwear segment is estimated to grow at a significant CAGR during the forecast period. Further, on the basis of application, the market is segmented into consumer electronics, gaming, enterprise, and others.
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Asia-Pacific Wearable AI Market Segmentation
By Product Type
- Smartwatches and Fitness Bands
- Eyewear
- Earwear
- Others
By Application
- Consumer Electronics
- Gaming
- Enterprise
- Others
Regional Analysis
- China
- Japan
- India
Rest of Asia-Pacific
Company Profiles
- Apple, Inc.
- Garmin Ltd.
- Google LLC
- Huami Corp.
- Huawei Technologies Co. Ltd.
- iFlytek Co. Ltd.
- LG Electronics, Inc.
- Microsoft Corp.
- Rokid Corp. Ltd.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Xiaomi Corp.
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