Wearable AI Device Market is Predicted to Surpass a Revenue of USD 69.31 Billion by Growing at Notable a CAGR of 26.10% During 2022-2028; Growing Adoption of Artificial Intelligence and Rising Health Awareness Among People to Drive Market G

As wearables like glasses and watches become more popular among consumers and become more relevant to fashion trends, the market is expected to increase dramatically. In fact, it was found by SkyQuest in one of the research that more than 441 million smart wearables were supplied globally in 2021. Additionally, it is estimated that increasing usage of technologies like sophisticated cloud technology, IoT, and machine learning would increase demand for AI-based products, which will in turn propel market expansion. The wearable AI device market in North America region is predicted to gain the largest market share by growing at a significant CAGR during the forecast period. The growth of the market can be ascribed to the increasing adoption of cutting-edge technology, the presence of significant smart watch manufacturing businesses, and increasing consumer disposable income. Additionally, it is predicted that rising demand for smart timepieces/smartwatches in wealthy countries like the United States will spur market expansion. SkyQuest noted that in 2019, more than 20 million smartwatch pieces were sold in the USA and this is estimated to increase during the forecast period owing to growing urbanization and millennials' rising interest in smart gadgets.