Wearable AI Market Size

Wearable AI Market size was valued at USD 31.13 billion in 2023 and is expected to reach USD 755.23 billion by the end of 2036, registering around 27.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of wearable ai is evaluated at USD 38.05 billion.

The growth of the market can be attributed to the increasing adoption of artificial intelligence (AI), along with growing demand for machine-learning in various industry verticals. Moreover, growing consumer enthusiasm for wearable, such as, glasses and watches, owing to their relevance in fashion trends, is anticipated to drive the market growth significantly. In fact, it was observed that over 440 million units of smart wearable devices were shipped across the world in 2021. Furthermore, the growing adoption of technologies, such as, advanced cloud computing, IoT, and machine to machine learning, are anticipated to boost the demand for AI-based devices, which, in turn, is projected to fuel the market growth.