India Wearable AI Market Size, Share and Forecast 2019-2025Posted by Avinash on February 19th, 2020 Indian Wearable AI market is estimated to grow significantly at a CAGR of 33.3% during the forecast period. India is one of the fastest emerging economies for wearable AI in the Asia-Pacific. The growth of the market in the region is attributed to the adoption of various government policies to drive AI innovation, and proliferation in various sectors such as information & technology, healthcare, consumer goods among many other sectors. For instance, in May 2019, NITI Aayog, Department of the Indian government, has drawn up a plan for creating an institutional framework for AI in the country. The department has circulated a cabinet note to provide 0 million in funding for the creation of a cloud computing platform called AIRAWAT and research institutes. Moreover, in June 2018, the Indian government defined a national policy on AI in a working paper titled National Strategy for AI #AIforAll. The NITI Aayog has announced to focus on five sectors that are envisioned to benefit from AI. Request a Free Sample of our Report on India Wearable AI Market: https://www.omrglobal.com/request-sample/indian-wearable-ai-market The market is segmented on the basis of product type and application. Based on the product type, the market is segmented into smartwatches and fitness bands, eyewear, earwear, and others. AI-based smartwatches and fitness bands segment is estimated to hold a significant share and is estimated to show optimistic growth during the forecast period owing to the increasing product launches for AI-based smartwatches and fitness bands. Further, on the basis of application, the market is segmented into consumer electronics, gaming, enterprise, and others. A full Report of India Wearable AI Market is Available at: https://www.omrglobal.com/industry-reports/indian-wearable-ai-market In India, several startup companies are involving for the improvement of the healthcare infrastructure, and to assist doctors and practitioners for the diagnosis of several chronic diseases even at early stages. With the help of such predictive analytics, the companies are manufacturing diagnostic tools that assist doctors to diagnose with more accuracy. For instance, ten3T, a medical wearable startup company, manufactures medical-grade wearable devices attached with a Cicer that aids in monitoring the patient’s health. Whereas, mFine, a healthcare startup company headquartered in Bengaluru has close to 1200 diseases in the system to give 85% of accurate diagnosis. Market Segmentation India Wearable AI Market by Product Type Smartwatches and Fitness Bands Eyewear Earwear Others India Wearable AI Market by Application Consumer Electronics Gaming Enterprise Others Company Profiles Apple, Inc. Google LLC Huawei Technologies Co. Ltd. iFlytek Co. Ltd. LG Electronics, Inc. Microsoft Corp. Samsung Electronics Co. Ltd. Sony Corp. Xiaomi Corp. About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact: Like it? Share it! More by this author |