By Mehab Qureshi
As the artificial intelligence (AI) wearable industry ascends toward a staggering market valuation of $250 billion by 2032, the sector is experiencing a metamorphosis, driven by the profound integration of the niche technology. Major players in the industry are actively engaged in enhancing wearable devices, including smartwatches, fitness trackers, and augmented reality glasses. Their goal is not only to provide connectivity but to deliver a comprehensive suite of services that effectively bridges the gap between technology and the human experience.
Tarun Gupta, co-founder of Boult Audio, said, “The incorporation of AI has helped integrate devices and now more brands are moving towards building a comprehensive ecosystem. In our upcoming devices, AI modules will play a pivotal role, featuring innovations such as Sonic Core Dynamics. This incorporates the Cordic Accelerate Engine, ensuring low power consumption, accurate and superior noise cancellation, intelligent voice recognition and enhanced sharpness in sound.”
Gupta sheds light on the impact of AI integration on communication capabilities, emphasising features like the Prism Voice PLC. This AI system is specifically crafted to minimise lag, enhancing the gaming experience on true wireless stereo (TWS) devices. The outcome is a more user-friendly device that markedly enhances voice recognition, noise cancellation, and overall audio quality. This technological leap not only improves communication in virtual meetings but also guarantees a superior audio experience for our valued consumers,” he adds.
However, this advancement comes with its unique set of challenges. Gupta says, “I believe one of the major challenges in AI technology is its management of vast amounts of data. As we continue to advance in the AI era, the critical factor becomes enhancing processing capabilities, especially in the context of real-time processing for health monitoring devices.”
Another challenge is data privacy, he explains. “Before the advent of AI, consumers hardly had to share their data with their devices. On the other hand, a wearable tech device monitors you continuously while worn or connected to another device. However, with the evolution of technology, we have features like voice commands and touch gestures, significantly easing the interaction with technology.”
According to reports from Acumen Research, there is a noticeable surge in the adoption of AI in the wearable technology sector. The market value for AI-integrated wearables was assessed at $24.4 billion in 2022. Projections suggest an annual growth rate of 26.7% over the next decade, leading to a market value of $252.4 billion by 2032. There has been a significant surge in the integration of AI technologies into various devices, including smartwatches, augmented reality (AR) glasses, and fitness trackers. This shift signals a growing consumer demand for advanced wearables that go beyond mere connectivity.
Gaurav Pahwa, director of Lotus Electronics notes, “The intersection of innovation and practicality has created a demand for unobtrusive yet powerful devices that seamlessly blend into various lifestyles. While installing AI features, we also add in consumer consent and let the user decide how much data they wish to share. To enhance security we implement auto deletion features and regular security audits to ensure to check for data breaches,” he added.
The future for AI wearables appears luminous, with visions of devices that not only track health metrics but offer predictive analytics. The horizon is filled with potential, paving the way for an era where wearables are not just smart but intuitively wise.
BOX
in a nutshell
Wearable AI market size to reach $252.4 billion by 2032
The global wearable AI market CAGR estimated at 26.7% from 2023 to 2032
QUOTE
The use of AI has helped integrate devices and now more brands are moving towards building a complete ecosystem
Tarun Gupta, co-founder, Boult Audio
BOX
n AI brings advanced noise cancellation and voice recognition to wearables
n Innovation in data consent and security are strengthening user privacy
n Wearables are evolving towards providing personalised health insights
