Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Industrial Wearables Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 16.9% during the review period (2022 to 2027).
The prominent feature that drives the market growth include rising adoption of wearable devices. From checking notifications to tracking physical activity these devices provide novel means to accomplish routine tasks. Rise in adoption of these devices in industrial segment would create profitable growth demand for industrial wearables market. Surge in demand for workplace safety; and rising adoption of industrial wearable’s in automotive sector.
Rapid developments in technology and reinforced emphasis on invention and miniaturization enterprises across industries are seeking to further consumerize IT by shifting focus from mobile phones and tablets to wearable devices. Wearable technology add a new layer of safety to automotive industry by extending the driver’s ability to monitor vital health parameters and take action in the case of an emergency as well as providing notification and information directly and viscerally rather than relying on warning lights or chimes.
The prominent aspects that drive the growth of the market include increasing adoption of wearable devices surging demand for workplace safety and growing adoption of industrial wearable’s in automotive sector.Though short life of smart wearables devices restricts the Industrial Wearables market growth. Conversely increase in technology adoption in wearable devices and growing investment in wearable devices is creating the profitable opportunities for Industrial Wearables global market.
Industry Developments:
Sony launches new B-to-B wearable and mobile health technology platform
Oct 16, 2019: The company launched a platform, called mSafety, that combines a connected wearable device, a wristwatch, with a cloud-based backend solution to provide payers, health systems, and app developers a ready-made platform to build remote health monitoring and mobile health applications.
Honeywell Introduces New Intelligent Wearables For Industrial Field Workers
May 03, 2018: Honeywell (NYSE: HON) announced a handsfree, wearable Connected Plant technology that allows industrial workers to more safely, reliably and efficiently accomplish their tasks in the plant or the field. Honeywell's Skills Insight Intelligent Wearables feature a head-mounted visual display that responds to voice and brings live data, documents, work procedures, as well as health and safety information into view.
The Industrial Wearables Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Blackline Safety Corp., Kenzen Inc., Kinetic, MaKusafe, Modjoul Inc., Reactec Ltd., Sleep Performance Inc., Valencell. Inc., Vuzix Corporation, Workaround GmbH, Microsoft Corporation (US), Google (US), Seiko Epson Corporation (Japan), Vuzix (US), Magic Leap Inc. (US), Apple Inc. (US), Fujitsu Ltd. (Japan), Honeywell International Inc. (US), Oculus VR (US), Samsung Electronics Co. Ltd. (South Korea), AsusTek Computer Inc. (Taiwan), Fitbit Inc. (US), Fossil Group Inc. (US), HTC Corporation (Taiwan), Olympus Corporation (Japan), Optinvent (France), RealWear (US), ThirdEye (US), Workerbase (Germany), Zepcam (Netherlands) and others.
Industrial Wearables Market is segmented based on the product, component, end user, companies and regions.
By Product
By Component
By End user
North America particularly the US has witnessed an unprecedented increase in the number of coronavirus-confirmed cases. Such spike in the number of cases in many other countries has led to the large-scale lockdown including the disruption of industrial activities across diverse regions. As industries in North America are among the initial adopters of digitization and connected technologies to increase productivity the region is expected to hold high growth opportunities for market. The automotive market in North America is focused on implementing AR glasses to automate vehicle model setup configuration calibration and quality checkup which in turn will extremely benefit the industrial wearables market during the forecast period 2022-2027.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 16.9% during the review period (2022 to 2027). |
By Product & Component | By Product
By Component
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By End user |
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By Companies | Blackline Safety Corp., Kenzen Inc., Kinetic, MaKusafe, Modjoul Inc., Reactec Ltd., Sleep Performance Inc., Valencell. Inc., Vuzix Corporation, Workaround GmbH, Microsoft Corporation (US), Google (US), Seiko Epson Corporation (Japan), Vuzix (US), Magic Leap Inc. (US), Apple Inc. (US), Fujitsu Ltd. (Japan), Honeywell International Inc. (US), Oculus VR (US), Samsung Electronics Co. Ltd. (South Korea), AsusTek Computer Inc. (Taiwan), Fitbit Inc. (US), Fossil Group Inc. (US), HTC Corporation (Taiwan), Olympus Corporation (Japan), Optinvent (France), RealWear (US), ThirdEye (US), Workerbase (Germany), Zepcam (Netherlands) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 125 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Industrial Wearables Market is studied from 2017 - 2027.
What is the growth rate of Industrial Wearables Market?
The Industrial Wearables Market is growing at a CAGR of 16.9% over the next 5 years.
Who are the leading key players in Industrial Wearables Market?
Blackline Safety Corp., Kenzen Inc., Kinetic, MaKusafe, Modjoul Inc., Reactec Ltd., Sleep Performance Inc., Valencell. Inc., Vuzix Corporation, Workaround GmbH, Microsoft Corporation (US), Google (US), Seiko Epson Corporation (Japan), Vuzix (US), Magic Leap Inc. (US), Apple Inc. (US), Fujitsu Ltd. (Japan), Honeywell International Inc. (US), Oculus VR (US), Samsung Electronics Co. Ltd. (South Korea), AsusTek Computer Inc. (Taiwan), Fitbit Inc. (US), Fossil Group Inc. (US), HTC Corporation (Taiwan), Olympus Corporation (Japan), Optinvent (France), RealWear (US), ThirdEye (US), Workerbase (Germany), Zepcam (Netherlands)
What regions regions does this Industrial Wearables Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant Types of Industrial Wearables Market?
AR Glasses, VR Headsets, Smart Watches and Smart Bands, Patches, Others
What are the significant End user of Industrial Wearables Market?
Automotive, Aerospace, Manufacturing, Oil & Gas, Energy & Power, Others
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SECONDARY RESEARCH
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