Germany Wearable AI Market Size, Growth Analysis Report, Forecast to 2027


Posted August 24, 2021 by TanveerAhmed005

German Wearable AI market is estimated to grow significantly at a CAGR of more than 30% during the forecast period.
 
German Wearable AI market is estimated to grow significantly at a CAGR of more than 30% during the forecast period. The presence of well-established and start-up companies including Wandlebots, 8sense, and Xbird among others is one of the major factors to drive the growth of the wearable AI market in the country. These start-ups offer wearable AI that extracts data in language and numerical values. Further, these companies provide consulting services and technologies in different segments including data analytics, speech technology, chatbots, text mining and analytics, and others.
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Wandelbots based in Germany develops a wearable sensor-laden suit that enables the user to demonstrate actions for a robot to replicate. With the sensors attached to clothes, the Wandelbots software tracks human motion to live-control industrial robots. The software backend builds a machine learning model based on several demonstrations and generates automation workflows. Founded in 2017, Wandelbots raised a total of $66 million in funding over 2 rounds.
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Founded in 2016, the 8sense system offered an innovative back-coach and wearable device that gives constant feedback on the user’s posture, allowing him to strengthen or relieve back muscles and improve muscle memory. The system is supported by advanced estimation algorithms and feedback is given in real-time, which promotes user’s adherence. xbird is a medical AI company that engages in the development of sophisticated machine learning algorithms that analyze sensor data from smartphones and wearable to predict and prevent critical health risks.

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.

Research Methodology
The market study of Germany Wearable AI market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report is intended for IT companies, healthcare companies, research institutes, hospitals, and government organizations, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation
Germany Wearable AI Market Research and Analysis by Product Type
Germany Wearable AI Market Research and Analysis by Application

The Report Covers
Comprehensive research methodology of the Germany Wearable AI market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Germany Wearable AI market.
Insights about market determinants which are stimulating the Germany Wearable AI market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
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Last Updated August 24, 2021