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Top Companies in the Industrial Wearable Devices Market

The global industrial wearable devices market reached a value of US$ 9.1 Billion in 2021. Industrial wearable devices refer to tools designed to enhance workplace safety, productivity, and efficiency. These electronic devices collect data in real-time, monitor activities, send alerts, and offer customized experiences depending on the users’ requirements and organizational goals. They assist workers in performing specific tasks and measure health parameters while working in dangerous environments to reduce work-related accidents. As a result, industrial wearable devices have gained immense popularity across various industries, including manufacturing, logistics, mining, aerospace, and healthcare. 

As per the analysis by IMARC Group, the top companies in the industrial wearable devices market are focusing on developing industry-specific wearables. They are also incorporating wearable technology with management systems, such as customer relationship management (CRM) and facial recognition, for effective communication. Besides this, the integration of innovative technologies, including augmented reality (AR) and virtual reality (VR), in industrial wearable devices is anticipated to expand the product applications for training new employees and recovering motor functions during rehabilitation. Furthermore, continuous advancements in bio-sensing technology in these devices for measuring vital signs, such as body temperature, heart rate and blood oxygen levels, used by companies to track the employees’ health has catalyzed the market growth. Other factors, including the advent of Industry 4.0, extensive investments in research and development (R&D) activities, and advancements in technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and cloud, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 20.1 Billion by 2027, expanding at a CAGR of 14.2% during the forecast period (2022-2027).

Industrial Wearable Devices companies

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Top Manufacturers in the Industrial Wearable Devices Industry: 

Apple Inc.

Establishment: 1976
Headquarters: California, United States
Website: https://www.apple.com

Apple Inc. is an American multinational technology firm that designs, manufactures, and sells consumer electronics, computer software, wearable devices, and online services, including iPhone smartphones, iPad tablet computers, Mac personal computers, Apple Watch, and iPod portable media players. It is the world’s largest information technology company by revenue and the world’s third-largest mobile phone manufacturer.

Seiko Epson Corporation

Establishment: 1942
Headquarters: Nagano, Japan
Website: https://epson.com/

Seiko Epson Corporation is a leading Japanese multinational company engaged in manufacturing computer printers and information and imaging-related equipment. It offers a range of electronic devices, including printers, projectors, scanners, industrial robots, and wearables, such as smart glasses and smart headsets. With production facilities in more than 25 countries and sales offices across the globe, the company generates more than a third of its sales in Japan and China.

Fujitsu Limited

Establishment: 1935
Headquarters: Tokyo, Japan
Website: https://www.fujitsu.com/

Fujitsu is a leading Japanese information and communication technology (ICT) company. It primarily manufactures computing products, and its subsidiaries also offer different products and services in personal and enterprise computing, including x86, SPARC, and mainframe server products. Fujitsu provides a range of enterprise wearables, such as the vital sensing band, location badge, driver drowsiness detector, and head-mounted display. It also provides an Enterprise Wearables platform that offers real-time data collected from Fujitsu UBIQUITOUSWARE wearable sensor devices. 

Google LLC

Establishment: 1998
Headquarters: California, United States
Website: https://www.google.com  

Google LLC is a leading technology company specializing in Internet-related services and products, including search engines, software, hardware, online advertising technologies, and cloud computing. It is a leading Internet search engine that offers targeted search results from billions of web pages, and results are based on a proprietary algorithm. The company has recently announced the launch of its first wearable Google Pixel Watch. 

Microsoft Corporation

Establishment: 1975
Headquarters: Washington, United States
Website: https://www.microsoft.com/ 

Microsoft Corporation mainly develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. The company’s best software includes the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. At Microsoft research, advancements in computing technologies enable new scientific discoveries which, in turn, fuel progress and catalyze new innovations.

Vuzix Corporation

Establishment: 1997
Headquarters: United States
Website: https://www.vuzix.com/  

Vuzix Corporation is a global technology leader that manufactures and supplies a range of smart glasses and augmented reality (AR) technologies and products. The company’s products comprise personal displays and wearable computing devices, which offer portable high-quality viewing experiences and provide solutions for mobility, wearable displays, and virtual and augmented reality.

AsusTek Computer Inc.

Establishment: 1989
Headquarters: Taipei, Taiwan
Website: https://www.asus.com

AsusTek Computer Inc. is a multinational company that offers computer and phone hardware and electronics. It is best known for its massive motherboard production. The company also produces desktop and notebook computers, mobile phones, wearable devices, LCDs, optical drives, servers, wireless routers, and multimedia devices. 

Fitbit Inc.

Establishment: 2007
Headquarters: California, United States
Website: https://www.fitbit.com 

Fitbit, Inc. is a leading consumer electronics and fitness company that produces wireless-enabled wearable technology, physical fitness monitors, and activity trackers. It offers wrist-worn fitness tracking devices synced with computers and apps on mobile devices to show feedback. Some of its products include smartwatches, fitness trackers, pedometers, which monitor heart rate, quality of sleep, stairs climbed, and related software. 

Garmin Ltd.

Establishment: 1989
Headquarters: Kansas, United States
Website: https://www.garmin.com/

Garmin Ltd. is a global technology company specializing in wearable and GPS technology for automotive, aviation, marine, outdoor, and sports activities. It offers various solutions ranging from embedded infotainment systems that provide a plethora of functionality to integrated camera solutions, embedded navigation solutions, and positioning technology solutions. 

Honeywell International Inc.

Establishment: 1906
Headquarters: North Carolina, United States
Website: https://www.honeywell.com/  

Honeywell International Inc. is a multinational conglomerate organized across four segments, including aerospace, performance materials and technologies, home and building technologies, and safety and productivity solutions. The company offers Skills Insight Intelligent Wearables for industrial workers, enabling them to safely, reliably, and efficiently accomplish their tasks in the plant or the field.

Jawbone Health Hub Inc.

Establishment: 2017
Headquarters: San Francisco, California
Website: https://www.jawbone.com/

Jawbone Health Hub, Inc. is a leading wearable technology company that produces consumer technology products. It offers wearable devices, wristbands, portable audio devices, Bluetooth headsets, carry cases, cable kits, tees, caps, stereo cables, ear loops, speakers, and accessories.
 

Motorola Solutions Inc.

Establishment: 1928
Headquarters: Illinois, United States
Website: https://www.motorolasolutions.com/

Motorola Solutions, Inc. offers mission-critical communication infrastructure, devices, accessories, software, and services globally. It primarily operates in two segments, including products and services. The company’s product segment provides a communications portfolio of infrastructure, devices, accessories, software, and systems and accounts for about 60% of sales. Motorola offers a hands-free portfolio comprising several wearable devices to maximize worker productivity.

Nike Inc.

Establishment: 1964
Headquarters: United States
Website: https://www.nike.com

Nike, Inc. offers a range of products and services for sports, as well as in running, men’s and women’s training, and other activities. The company provides a variety of performance equipment and accessories, including eyewear, timepieces, digital devices, and protective gear. It also manufactures and sells multiple wrist-worn devices with a range of functionality, from basic tracking activity to heart rate monitoring.

Samsung Electronics Co., Ltd.

Establishment: 1938
Headquarters: Seoul, South Korea
Website: https://www.samsung.com/

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of consumer electronics, information technology, mobile communications, and device solutions. The company provides wearables, mobile phones, smartphones, tablets, accessories, digital TVs, monitors, printers, communication systems, computer memory, and others.

SAP SE

Establishment: 1972
Headquarters: Germany
Website: https://www.sap.com/

SAP SE is a leading multinational software conglomerate. The company offers SAP HANA, which helps businesses process and analyze live data. It also provides SAP Data Hub, a solution for businesses to manage data from different sources; SAP Cloud Platform that enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, which helps customers make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud.

Sony Corporation

Establishment: 1946
Headquarters: Tokyo, Japan
Website: https://www.sony.net/

Sony Corporation primarily manufactures and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets. It offers network services related to games, videos, music contents, home and portable game consoles, packaged software, peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical imaging device solutions. The company also provides wearable cameras and Bluetooth-connected wrist-worn devices. 

Xiaomi Corporation

Establishment: 2010
Headquarters: Beijing, China
Website: https://www.mi.com

Xiaomi Corporation is a leading Chinese electronics company engaged in manufacturing communication equipment and parts. It also produces and sells mobile phones, wearable devices, smartphone software, set-top boxes, and related accessories.

The Eurotech Group

Establishment: 1992
Headquarters: Italy
Website: https://www.eurotech.com/

The Eurotech Group is an Italy-based company active in the field of embedded computer technology (ECT). It also focuses on the research, development, and marketing of miniaturized nano-personalized computers (NanoPCs) and high-performance computers (HPCs). It manufactures and sells wearable and portable devices that offer a wide range of wireless and wired communication technologies, as well as geo-localization (GPS) and data acquisition. 

 

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects in the industrial wearable devices industry, which has enabled clients to set up and expand their businesses successfully.

Some of the company's offerings include:  

  • Market Research   
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  • Marketing and sales   
  • Procurement and Distribution   
  • Innovation and Product Development   
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