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PUBLISHER: KBV Research | PRODUCT CODE: 1649369
PUBLISHER: KBV Research | PRODUCT CODE: 1649369
LAMEA Wearable AI Market Size, Share & Trends Analysis Report By Operations (On-device AI, and Cloud-based AI), By Type, By Component, By Application, By Country and Growth Forecast, 2024 - 2031
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The Latin America, Middle East and Africa Wearable AI Market would witness market growth of 30.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Wearable AI Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,420.5 million by 2031. The Argentina market is showcasing a CAGR of 32.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 29.7% during (2024 - 2031).
These advancements are not limited to health and wellness but include lifestyle and industrial applications. Companies like Bose and Sony are enhancing everyday experiences with AI-powered noise-canceling headphones, while Snapchat's Spectacles bring augmented reality (AR) into social interactions. RealWear has developed smart headsets with voice-activated AI for hands-free operation in industrial settings, improving safety and productivity.
Favorable government policies and regulatory backing are greatly accelerating the expansion of this market. Authorities recognize wearable technology's potential to improve healthcare outcomes, reduce costs, and enhance quality of life. For instance, the U.S. FDA has approved devices like the Apple Watch Series 4 and later models for their ECG capabilities, encouraging further innovation and consumer confidence in wearable medical devices.
This market in LAMEA is steadily growing, supported by increasing awareness of smart technologies and expanding investments in healthcare and fitness wearables. Economic challenges in some areas have slowed adoption, but government initiatives and collaborations with global technology firms enhance accessibility. Saudi Arabia's market is growing rapidly, fueled by the country's push for digital transformation under its Vision 2030 initiative. This program emphasizes the integration of AI and IoT into various sectors, including healthcare and fitness. The government has invested heavily in smart healthcare solutions, encouraging the adoption of AI-powered wearables for health monitoring and disease prevention. For instance, wearables equipped with advanced AI features are being used in large-scale wellness programs to combat rising rates of chronic diseases. The nation's increasing interest in wearable AI is further emphasized by the prevalence of devices such as the Apple Watch and Fitbit among tech-savvy consumers. Hence, the LAMEA region presents a diverse landscape for this market, with varying growth drivers across nations.
Based on Operations, the market is segmented into On-device AI, and Cloud-based AI. Based on Type, the market is segmented into Smartwatches, Smart Earwear, Smart Eyewear, and Other Type. Based on Component, the market is segmented into Sensors, Connectivity IC, and Processor. Based on Application, the market is segmented into Consumer Electronics, Healthcare, Automotive, Military & Defense, Media & Entertainment, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Apple, Inc.
- Sony Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Microsoft Corporation
- Garmin Ltd.
- Fitbit, Inc. (Google LLC)
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- Oracle Corporation
LAMEA Wearable AI Market Report Segmentation
By Operations
- On-device AI
- Cloud-based AI
By Type
- Smartwatches
- Smart Earwear
- Smart Eyewear
- Other Type
By Component
- Sensors
- Connectivity IC
- Processor
By Application
- Consumer Electronics
- Healthcare
- Automotive
- Military & Defense
- Media & Entertainment
- Other Application
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Wearable AI Market, by Operations
- 1.4.2 LAMEA Wearable AI Market, by Type
- 1.4.3 LAMEA Wearable AI Market, by Component
- 1.4.4 LAMEA Wearable AI Market, by Application
- 1.4.5 LAMEA Wearable AI Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Strategies Deployed in Wearable AI Market
- 4.3 Porter Five Forces Analysis
Chapter 5. LAMEA Wearable AI Market by Operations
- 5.1 LAMEA On-device AI Market by Country
- 5.2 LAMEA Cloud-based AI Market by Country
Chapter 6. LAMEA Wearable AI Market by Type
- 6.1 LAMEA Smartwatches Market by Country
- 6.2 LAMEA Smart Earwear Market by Country
- 6.3 LAMEA Smart Eyewear Market by Country
- 6.4 LAMEA Other Type Market by Country
Chapter 7. LAMEA Wearable AI Market by Component
- 7.1 LAMEA Sensors Market by Country
- 7.2 LAMEA Connectivity IC Market by Country
- 7.3 LAMEA Processor Market by Country
Chapter 8. LAMEA Wearable AI Market by Application
- 8.1 LAMEA Consumer Electronics Market by Country
- 8.2 LAMEA Healthcare Market by Country
- 8.3 LAMEA Automotive Market by Country
- 8.4 LAMEA Military & Defense Market by Country
- 8.5 LAMEA Media & Entertainment Market by Country
- 8.6 LAMEA Other Application Market by Country
Chapter 9. LAMEA Wearable AI Market by Country
- 9.1 Brazil Wearable AI Market
- 9.1.1 Brazil Wearable AI Market by Operations
- 9.1.2 Brazil Wearable AI Market by Type
- 9.1.3 Brazil Wearable AI Market by Component
- 9.1.4 Brazil Wearable AI Market by Application
- 9.2 Argentina Wearable AI Market
- 9.2.1 Argentina Wearable AI Market by Operations
- 9.2.2 Argentina Wearable AI Market by Type
- 9.2.3 Argentina Wearable AI Market by Component
- 9.2.4 Argentina Wearable AI Market by Application
- 9.3 UAE Wearable AI Market
- 9.3.1 UAE Wearable AI Market by Operations
- 9.3.2 UAE Wearable AI Market by Type
- 9.3.3 UAE Wearable AI Market by Component
- 9.3.4 UAE Wearable AI Market by Application
- 9.4 Saudi Arabia Wearable AI Market
- 9.4.1 Saudi Arabia Wearable AI Market by Operations
- 9.4.2 Saudi Arabia Wearable AI Market by Type
- 9.4.3 Saudi Arabia Wearable AI Market by Component
- 9.4.4 Saudi Arabia Wearable AI Market by Application
- 9.5 South Africa Wearable AI Market
- 9.5.1 South Africa Wearable AI Market by Operations
- 9.5.2 South Africa Wearable AI Market by Type
- 9.5.3 South Africa Wearable AI Market by Component
- 9.5.4 South Africa Wearable AI Market by Application
- 9.6 Nigeria Wearable AI Market
- 9.6.1 Nigeria Wearable AI Market by Operations
- 9.6.2 Nigeria Wearable AI Market by Type
- 9.6.3 Nigeria Wearable AI Market by Component
- 9.6.4 Nigeria Wearable AI Market by Application
- 9.7 Rest of LAMEA Wearable AI Market
- 9.7.1 Rest of LAMEA Wearable AI Market by Operations
- 9.7.2 Rest of LAMEA Wearable AI Market by Type
- 9.7.3 Rest of LAMEA Wearable AI Market by Component
- 9.7.4 Rest of LAMEA Wearable AI Market by Application
Chapter 10. Company Profiles
- 10.1 Apple, Inc.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 SWOT Analysis
- 10.2 Sony Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.5.2 Product Launches and Product Expansions:
- 10.2.6 SWOT Analysis
- 10.3 Samsung Electronics Co., Ltd. (Samsung Group)
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.5.2 Product Launches and Product Expansions:
- 10.3.6 SWOT Analysis
- 10.4 Microsoft Corporation
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.6 SWOT Analysis
- 10.5 Garmin Ltd.
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.5.6 SWOT Analysis
- 10.6 Fitbit, Inc. (Google LLC)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 Research & Development Expense
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.7 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 SWOT Analysis
- 10.8 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental Analysis
- 10.8.4 SWOT Analysis
- 10.9 IBM Corporation
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Regional & Segmental Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 SWOT Analysis
- 10.10. Oracle Corporation
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expense
- 10.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 LAMEA Wearable AI Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Wearable AI Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 4 LAMEA Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 5 LAMEA On-device AI Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA On-device AI Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA Cloud-based AI Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA Cloud-based AI Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 10 LAMEA Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 11 LAMEA Smartwatches Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Smartwatches Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Smart Earwear Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Smart Earwear Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA Smart Eyewear Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA Smart Eyewear Market by Country, 2024 - 2031, USD Million
- TABLE 17 LAMEA Other Type Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Other Type Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 20 LAMEA Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 21 LAMEA Sensors Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Sensors Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Connectivity IC Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA Connectivity IC Market by Country, 2024 - 2031, USD Million
- TABLE 25 LAMEA Processor Market by Country, 2020 - 2023, USD Million
- TABLE 26 LAMEA Processor Market by Country, 2024 - 2031, USD Million
- TABLE 27 LAMEA Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 28 LAMEA Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 29 LAMEA Consumer Electronics Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Consumer Electronics Market by Country, 2024 - 2031, USD Million
- TABLE 31 LAMEA Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 32 LAMEA Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 33 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
- TABLE 34 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
- TABLE 35 LAMEA Military & Defense Market by Country, 2020 - 2023, USD Million
- TABLE 36 LAMEA Military & Defense Market by Country, 2024 - 2031, USD Million
- TABLE 37 LAMEA Media & Entertainment Market by Country, 2020 - 2023, USD Million
- TABLE 38 LAMEA Media & Entertainment Market by Country, 2024 - 2031, USD Million
- TABLE 39 LAMEA Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 40 LAMEA Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 41 LAMEA Wearable AI Market by Country, 2020 - 2023, USD Million
- TABLE 42 LAMEA Wearable AI Market by Country, 2024 - 2031, USD Million
- TABLE 43 Brazil Wearable AI Market, 2020 - 2023, USD Million
- TABLE 44 Brazil Wearable AI Market, 2024 - 2031, USD Million
- TABLE 45 Brazil Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 46 Brazil Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 47 Brazil Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 48 Brazil Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 49 Brazil Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 50 Brazil Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 51 Brazil Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 52 Brazil Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 53 Argentina Wearable AI Market, 2020 - 2023, USD Million
- TABLE 54 Argentina Wearable AI Market, 2024 - 2031, USD Million
- TABLE 55 Argentina Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 56 Argentina Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 57 Argentina Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 58 Argentina Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 59 Argentina Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 60 Argentina Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 61 Argentina Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 62 Argentina Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 63 UAE Wearable AI Market, 2020 - 2023, USD Million
- TABLE 64 UAE Wearable AI Market, 2024 - 2031, USD Million
- TABLE 65 UAE Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 66 UAE Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 67 UAE Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 68 UAE Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 69 UAE Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 70 UAE Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 71 UAE Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 72 UAE Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 73 Saudi Arabia Wearable AI Market, 2020 - 2023, USD Million
- TABLE 74 Saudi Arabia Wearable AI Market, 2024 - 2031, USD Million
- TABLE 75 Saudi Arabia Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 76 Saudi Arabia Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 77 Saudi Arabia Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 78 Saudi Arabia Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 79 Saudi Arabia Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 80 Saudi Arabia Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 81 Saudi Arabia Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 82 Saudi Arabia Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 83 South Africa Wearable AI Market, 2020 - 2023, USD Million
- TABLE 84 South Africa Wearable AI Market, 2024 - 2031, USD Million
- TABLE 85 South Africa Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 86 South Africa Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 87 South Africa Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 88 South Africa Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 89 South Africa Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 90 South Africa Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 91 South Africa Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 92 South Africa Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 93 Nigeria Wearable AI Market, 2020 - 2023, USD Million
- TABLE 94 Nigeria Wearable AI Market, 2024 - 2031, USD Million
- TABLE 95 Nigeria Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 96 Nigeria Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 97 Nigeria Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 98 Nigeria Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 99 Nigeria Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 100 Nigeria Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 101 Nigeria Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 102 Nigeria Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 103 Rest of LAMEA Wearable AI Market, 2020 - 2023, USD Million
- TABLE 104 Rest of LAMEA Wearable AI Market, 2024 - 2031, USD Million
- TABLE 105 Rest of LAMEA Wearable AI Market by Operations, 2020 - 2023, USD Million
- TABLE 106 Rest of LAMEA Wearable AI Market by Operations, 2024 - 2031, USD Million
- TABLE 107 Rest of LAMEA Wearable AI Market by Type, 2020 - 2023, USD Million
- TABLE 108 Rest of LAMEA Wearable AI Market by Type, 2024 - 2031, USD Million
- TABLE 109 Rest of LAMEA Wearable AI Market by Component, 2020 - 2023, USD Million
- TABLE 110 Rest of LAMEA Wearable AI Market by Component, 2024 - 2031, USD Million
- TABLE 111 Rest of LAMEA Wearable AI Market by Application, 2020 - 2023, USD Million
- TABLE 112 Rest of LAMEA Wearable AI Market by Application, 2024 - 2031, USD Million
- TABLE 113 Key Information - Apple, Inc.
- TABLE 114 Key Information - Sony Corporation
- TABLE 115 Key Information - Samsung Electronics Co., Ltd.
- TABLE 116 Key Information - Microsoft Corporation
- TABLE 117 Key Information - Garmin Ltd.
- TABLE 118 Key Information - Fitbit, Inc.
- TABLE 119 Key Information - Huawei Technologies Co., Ltd.
- TABLE 120 Key Information - Amazon Web Services, Inc.
- TABLE 121 Key Information - IBM Corporation
- TABLE 122 Key Information - Oracle Corporation
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