With Market Size Valued at $79.8 Billion by 2026, it`s a Healthy Outlook for the Global Wearable AI Market

SAN FRANCISCO  , June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wearable AI - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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What's New for 2022?

• Global competitiveness and key competitor percentage market shares
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Edition: 5; Released: January 2022
Executive Pool: 879
Companies: 64 - Players covered include Amazon; Apple; Atlas; Biobeats; Bragi; Fitbit; Focusmotion; Garmin; Google; Huawei and Others.
Coverage: All major geographies and key segments
Segments: Product (Smartwatches, Ear Wear, Eye Wear, Other Products); Application (Consumer Electronics, Healthcare, Enterprise & Industrial, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Wearable AI Market to Reach $79.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Wearable AI estimated at US$18.8 Billion, is projected to reach a revised size of US$79.8 Billion by 2026, growing at a CAGR of 26.9% over the analysis period. Smartwatches, one of the segments analyzed in the report, is projected to record a 28% CAGR and reach US$50.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ear Wear segment is readjusted to a revised 26.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.5 Billion in 2021, While China is Forecast to Reach $13.8 Billion by 2026
The Wearable AI market in the U.S. is estimated at US$7.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2026 trailing a CAGR of 26.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.3% and 22.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.7% CAGR.

Eye Wear Segment to Reach US$9.1 Billion by the year 2026
In the global Eye Wear segment, USA, Canada, Japan, China and Europe will drive the 23.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion will reach a projected size of US$8.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.