The US Wearable AI market is estimated to grow significantly at a CAGR of over 28.6% during the forecast period. The factors contributing to the US wearabale AI market include investments in R&D, high expenditure on IT and ICT industry by government and private investors, and the presence of key players. The favourable government initiatives in product development and innovation along with the collaboration between the private and government sector to develop AI technology in the region further spurs the growth of the market.
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The region has well-developed ICT infrastructure and has witnessed a huge adoption of a large number of connected devices. The presence of major AI players such as Microsoft, IBM, and Google in the US further gives a boost to the growth of the market in the region. Moreover, high internet penetration is one of the major factors that is augmenting market growth in the US. The US houses many AI-based companies, such as Apple Inc., Fitbit Inc., Google LLC, Oracle Corp., Garmin Ltd., and many others, which results in its increased adoption across the region. As a result, several players present in the market are making their move towards the regional market for developing an assemblage of AI capabilities. The rapid advancement in advanced technologies such as wearable devices embedded with AI and their increasing adoption in the various end-user industry has encouraged many players to make their way into the image recognition market.
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US Wearable AI Market Segmentation
By Product Type
- Smartwatches and Fitness Bands
- Eyewear
- Earwear
- Others
By Application
- Consumer Electronics
- Gaming
- Enterprise
- Others
Company Profiles
- Apple Inc.
- Empatica Inc.
- Garmin Ltd.
- Google, LLC
- IBM Corp.
- Intel Corp.
- Microsoft Corp.
- Oracle Corp.
- PhysIQ
- Sensoria, Inc.
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