How Does Data Synchronization in Smart Devices Boost Wearable AI Devices Industry?
How Does Data Synchronization in Smart Devices Boost Wearable AI Devices Industry?
Blog Article
The wearable AI devices industry is projected to rise in the coming years, led by various factors such as rising disposable income, increasing consumer preference for next-generation wearable devices, surging consumption of artificial intelligence AI-enabled wearables, increasing technological advancement, transforming lifestyles, and growing requirement for virtual reality or augmented reality headsets.
Under the product segment, the wristwear category captures the wearable AI devices industry. It is ascribed to the massive requirement for wristwear equipped with AI functionalities, including personal voice assistance, sleep tracking, and heart rate monitoring. Among the wristwear category, the fitness band is projected to reflect the fastest growth in the near future.
Under the deployment segment, the cloud category dominates the wearable AI devices industry, and it is projected to reflect faster growth in the coming years. It is led by the growing demand for data storage to create real-time data synchronizing in smart devices.
North America dominates the wearable AI devices industry, ascribed to the high per capita income of people, the presence of various consumer electronics firms that offer advanced devices at convenient prices, and make massive investments in technological advancements for fastening the adoption of AI in healthcare, gaming, and consumer electronics industries.
The industry is projected to showcase the fastest growth in the APAC region in the coming years, led by the massive demand for wearable devices, more specifically in India and China, and rising AI adoption in the manufacturing of wearable devices in the region.
With the rising penetration of smartphones and the growing trend of mobile gaming and cloud, VR headsets demand is rising rapidly. Therefore, the company players are focusing on launching VR headsets to provide an enhanced experience and sound quality, thus it improves the overall gaming experience.
Therefore, the growing requirement for VR headsets is a major trend in the industry. For instance, Oculus, a Facebook Inc. subsidiary, and VR software and hardware provider announced Rift S launch, which is a VR headset, specifically designed for the gaming experience.
The major driver of the industry is the growing usage of AI-supported wearable devices in healthcare applications, led by rising consumer focus on health and fitness, increasing public awareness of AI-powered wearables, and ease of access. Such devices facilitate the users to monitor their sleeping and eating patterns. They also suggest that changes need to be made for enhancing fitness.
The players operating in the industry focus on launching AI-supported wearables which can track the fitness activities of the users. For instance, Garmin Ltd., an industry giant developed a smartwatch equipped with a barometric altimeter and GALILEO, GPS satellite navigation capabilities, and GLONASS.
In addition, the built-in wrist-based sensors facilitate the users with tracking the number of steps, distance traveled, calories burned, and distance traveled. It also measures stress levels. Thus, the rising adoption of such devices for health monitoring expands the market.
Therefore, the wearable AI devices industry is projected to rise due to the surging disposable income, and a growing preference for advanced wearable devices.
Source: P&S Intelligence