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The global Industrial wearable devices market reached a value of US$ 9.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.1 Billion by 2027, exhibiting a CAGR of 14.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global Industrial wearable devices market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, application and industry.
Breakup by Product Type:
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Based on product type, the market has been segmented as fitness tracker, smart glasses, smart watches, wearable camera, etc. Currently, fitness tracker dominate the market, holding the largest share.
Breakup by Application:
On the basis of application, the market has been segmented into warehouse management, training & simulation, service & maintenance, and others.
Breakup by Industry:
On the basis of industry, the market has been segmented into transport & logistics, retail, manufacturing, healthcare and others.
Breakup by Region:
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Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the leading market, accounting for the majority of the market share.
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.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Application, Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Apple, Epson, Fujitsu, Google, Microsoft, Vuzix, ASUS, Fitbit, Garmin, Honeywell, Jawbone, Motorola, Nike, Pebble, Samsung, SAP, Sony, Xiomi and Eurotech |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global industrial wearable devices market was valued at US$ 9.1 Billion in 2021.
We expect the global industrial wearable devices market to exhibit a CAGR of 14.2% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of industrial wearable devices to track the employees’ health and take precautionary measures to combat the spread of the coronavirus infection.
The increasing demand for industrial wearable devices in measuring health parameters, such as body temperature, heart rate, and blood oxygen levels with enhanced portability, convenience, operational efficiency, etc., is primarily driving the global industrial wearable devices market.
Based on the product type, the global industrial wearable devices market can be categorized into fitness tracker, smart glasses, smart watches, wearable camera, and others. Currently, fitness tracker holds the majority of the total market share.
Based on the application, the global industrial wearable devices market has been segmented into warehouse management, training & simulation, service & maintenance, and others. Among these, warehouse management currently exhibits a clear dominance in the market.
Based on the industry, the global industrial wearable devices market can be bifurcated into transport & logistics, retail, manufacturing, healthcare, and others. Currently, the healthcare industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global industrial wearable devices market include Apple, Epson, Fujitsu, Google, Microsoft, Vuzix, ASUS, Fitbit, Garmin, Honeywell, Jawbone, Motorola, Nike, Pebble, Samsung, SAP, Sony, Xiomi, and Eurotech.
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