Medical Devices & Consumables / Smart PPE Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Honeywell, 3M, DuPont, Drager
Smart PPE Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Honeywell, 3M, DuPont, Drager
The Smart PPE market size is estimated to reach USD 8.7 billion by 2027 and it is expected to increase at a CAGR of 13.5% between 2022 and 2027.
Smart PPE Market Overview
Smart PPE is a wearable gadget with modern technologies built in that monitor and collect real-time data to improve the safety of frontline employees and industry personnel. Advanced digital technologies such as the Internet of Things (IoT), industrial IoT, smart sensors, and linked devices aid in the detection and transmission of real-time alerts, as well as the collection of data for further analysis. The rising number of workplace accidents and fatalities is predicted to increase demand for smart PPE technologies in order to ensure a safe working environment and workers' well-being.
The demand for smart personal protective equipment in the industrial sector remains low during the lockdown owing to the temporary shutdowns of factories and industries. At the same time, there was a strong need for smart PPE technology in the healthcare business to safeguard healthcare employees, waste management workers, and frontline workers from the contagious virus. However, the pandemic's breakout has severely impacted the product and gadget supply chain. This has had an impact on the development of intelligent personal protection equipment. As a result, during the lockout period, the growth of this technology is predicted to be stable.
Smart PPE Market Latest Trends
Protective clothing market: The growing concern among businesses and employees about workplace safety is projected to drive the protective clothing market. Globally, North America is the most important market for protective apparel, followed by Europe and Asia-Pacific. The United States is one of the world's largest producers of pharmaceutical and chemical products. Furthermore, the vast majority of the country's workforce is employed in mining and oil and gas industries, which necessitate the use of high- and better-quality protective apparel.
Flame Retardant Apparel Industry: Ansell Protective Solutions AB, a European stakeholder in the fire-resistant Clothing market, has collaborated with Shigematsu Works Co. Ltd (STS), a Japanese personal safety equipment manufacturer, to cover the marketing, distribution, after-sales support, and maintenance of Ansell's products in Japan.
Dräger has expanded its portfolio with the new splash protective suits SPC 4400 and 4800 made from innovative-coated CPM and CLF material, offering users the best protection possible in different conditions.
What are the major Applications, Types and Regions for Smart PPE Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Hand Protection
Protective Clothing
Protective Footwear
Respiratory Protection
Head, Eye and Face Protection
Fall Protection
Hearing Protection
Other
By Application, it is segmented into
Firefighting
Manufacturing
Construction
Oil and Gas
Mining
Other
Smart PPE Market Regional Analysis
Throughout the projected period, North America is expected to lead the smart PPE technology market share. The market in the region is being driven by a growing awareness of workplace safety among workers and employers. The market is likely to benefit from the rising adoption of technologies such as IoT, industrial IoT, linked and wearable devices, and smart sensors, among others. In addition, in the United States, insurance companies have begun to use data produced by smart personal protection equipment to sanction worker claims in order to reduce bogus claims. Europe is possible to have the second-highest revenue in the global market share during the forecast period. The automotive, chemical, and healthcare industries all have a substantial presence, which is increasing demand for smart PPE.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Smart PPE Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Smart PPE Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Smart PPE Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 13.5% over the forecast period (2022-2027)
What are the significant types of Smart PPE Market?
Hand Protection, Protective Clothing, Protective Footwear, Respiratory Protection, Head, Eye and Face Protection, Fall Protection, Hearing Protection, Other
What are the major end-use applications of Smart PPE Market?
Firefighting, Manufacturing, Construction, Oil and Gas, Mining, Other
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
