A marriage between artificial intelligence and wearable devices is expected to drive growth in the wearable segment for 2017, according to a Counterpoint Technology Market Research report.
Here are five things to know about the AI-powered wearable segment.
- AI-powered wearables are projected to reach 60 million units in 2017, growing at an annual rate of 376 percent.
- The dominant driver in the segment is "hearable" devices, which are expected to represent 50 percent of the AI-powered wearable market share.
- In 2017, Apple is expected to lead the AI-powered hearable market, with 78 percent of the market share.
- Other prominent types of AI-powered wearables include smartwatches (42 percent) and activity trackers (4 percent).
- Although activity trackers represent a small share of the AI-powered wearable segment, they are poised to see 545 percent growth in 2017.