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Wearable AI Market to grow at a CAGR of 29.75% from 2018 to 2023 The wearable AI market is projected to reach USD 42.4 billion by 2023, from USD 11.5 billion in 2018, growing at a CAGR of 29.75% during that period. The expected market growth can largely be attributed to increase in demand for AI assistants, augmentation of operations in healthcare industry, emergence of IoT and integration of wireless technology, growth prospects of wearable component technology, and increase in consumer preference and demand for advanced wearable devices. However, rapidly evolving consumer electronics sector with a shorter life cycle inhibits the growth of the wearable AI market.