Quick Summary:
In an era where efficiency, accuracy, and safety are paramount, the global industrial wearable devices market is setting new standards. As functional tools that enhance productivity and reduce workplace accidents, these sophisticated devices are increasingly being adopted across sectors such as manufacturing, logistics, and healthcare. With capabilities ranging from health parameter tracking to real-time data monitoring, the varied use of these devices has resulted in a growing significance in corporate welfare programs and workforce management.
A surge in interest towards these devices has been triggered by their contributions to operational efficiencies, convenience, and portability. Notably, the integration of improved bio-sensing technology that tracks body temperature, heart rate, and blood oxygen levels in these devices empowers organizations to monitor their employees' health, effectively reducing healthcare costs. Industrial wearable devices are an avenue for real-time data monitoring, workforce authentication, field management, and corporate wellness, thus are predicted to find increased application in verticals such as healthcare, IT & telecom, and manufacturing. Accompany this surge in interest with a comprehensive analysis of trends, forecasts, and segmentation in this market, and you have the keys to unlock the potential that waits in the industrial wearable devices sphere.
Whether you're a seasoned entrepreneur, a budding investor, or a forward-thinking consultant, this report offers you an essential and wide-ranging insight into the rapidly burgeoning industrial wearable device market, arming you with the knowledge required to stake your claim in this innovative industry.
Industrial wearable devices are functional tools designed to upgrade workplace productivity, safety and efficiency of the companies in sectors such manufacturing, logistics, healthcare, lifestyle, etc. These devices are made up of highly-sophisticated electronic components which collect data, track activities, and provide customized experiences depending on the users' needs and desires. Moreover, they are geared to aid a worker to perform the assigned task at hand with greater ease and reduce accidents related to work.
Industrial wearable devices are rapidly gaining prevalence due to their numerous advantages, such as portability, convenience, operational efficiency, etc. In addition, improvement in bio-sensing technology in these devices helps in measuring health parameters such as body temperature, heart rate and blood oxygen levels. These parameters are further used by companies to track the employees' health and are linked to their employee welfare programs, thereby reducing the healthcare costs. Further, industrial wearable devices can be used for real time data monitoring, workforce authentication, field management, corporate wellness and mobile workforce management. This is projected to increase their usage in different verticals, such as healthcare, IT & telecom, and manufacturing.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global industrial wearable devices market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and industry.Breakup by Product Type:
- Fitness Tracker
- Smart Glasses
- Smart Watches
- Wearable Camera
- Others
Breakup by Application:
- Warehouse Management
- Training & Simulation
- Service & Maintenance
- Others
Breakup by Industry:
- Transport & Logistics
- Retail
- Manufacturing
- Healthcare
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the top industrial wearable devices companies are being Apple, Epson, Fujitsu, Google, Microsoft, Vuzix, ASUS, Fitbit, Garmin, Honeywell, Jawbone, Motorola, Nike, Pebble, Samsung, SAP, Sony, Xiomi and Eurotech.This report provides a deep insight into the global industrial wearable devices market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the industrial wearable devices industry in any manner.
Key Questions Answered in This Report:
- What was the size of the global industrial wearable devices market in 2022?
- What is the expected growth rate of the global industrial wearable devices market during 2023-2028?
- What has been the impact of COVID-19 on the global industrial wearable devices market?
- What are the key factors driving the global industrial wearable devices market?
- What is the breakup of the global industrial wearable devices market based on the product type?
- What is the breakup of the global industrial wearable devices market based on the application?
- What is the breakup of the global industrial wearable devices market based on the industry?
- What are the key regions in the global industrial wearable devices market?
- Who are the key players/companies in the global industrial wearable devices market?
What is the estimated value of the Global Industrial Wearable Devices Market?
What is the growth rate of the Global Industrial Wearable Devices Market?
What is the forecasted size of the Global Industrial Wearable Devices Market?
Who are the key companies in the Global Industrial Wearable Devices Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 10.5 Billion |
| Forecasted Market Value ( USD | $ 22.7 Billion |
| Compound Annual Growth Rate | 13.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
Table of Contents
Companies Mentioned
- Apple, Epson
- Fujitsu
- Microsoft
- Vuzix
- ASUS
- Fitbit
- Garmin
- Honeywell
- Jawbone
- Motorola
- Nike
- Pebble
- Samsung
- SAP
- Sony
- Xiomi
- Eurotech
Methodology
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