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. According to the latest report by IMARC Group, titled "Industrial Wearable Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global industrial wearable devices market exhibited strong growth during 2015-2020.
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. Looking forward, IMARC Group expects the global industrial wearable devices market to grow at a CAGR of around 9% during 2021-2026
Market Summary:
- Based on product type, the market has been segmented as fitness tracker, smart glasses, smart watches, wearable camera, etc. Currently, smart watches dominate the market, holding the largest share.
- On the basis of application, the market has been segmented into warehouse management, training & simulation, service & maintenance, and others.
- On the basis of industry, the market has been segmented into transport & logistics, retail, manufacturing, healthcare and others.
- 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.
Key Questions Answered in This Report:
- How has the global industrial wearable devices market performed so far and how will it perform in the coming years?
- What are the key regions in the global industrial wearable devices market?
- What has been the impact of COVID-19 on the global industrial wearable devices market?
- Which are the popular product types in the global industrial wearable devices market?
- What are the major application segments in the global industrial wearable devices market?
- What are the key end-use segments in the global industrial wearable devices market?
- What are the various stages in the value chain of the global industrial wearable devices market?
- What are the key driving factors and challenges in the global industrial wearable devices market?
- What is the structure of the global industrial wearable devices market and who are the key players?
- What is the degree of competition in the global industrial wearable devices market?
- How are industrial wearable devices manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Wearable Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Margin Analysis
5.5 Market Breakup by Product Type
5.6 Market Breakup by Industry
5.7 Market Breakup by Application
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Research and Development
5.11.3 Raw Material Procurement
5.11.4 Manufacturing
5.11.5 Marketing
5.11.6 Distribution
5.11.7 End-Use
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Fitness Tracker
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Smart Glasses
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Smart Watch
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Wearable Camera
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Warehouse Management
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Training & Simulation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Service & Maintenance
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Industry
8.1 Transport & Logistics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Retail
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Manufacturing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 Industrial Wearable Devices Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Apple
11.3.2 Epson
11.3.3 Fujitsu
11.3.4 Google
11.3.5 Microsoft
11.3.6 Vizux
11.3.7 ASUS.
11.3.8 Fitbit
11.3.9 Garmin
11.3.10 Honeywell
11.3.11 Jawbone
11.3.12 Motorola
11.3.13 Nike
11.3.14 Pebble
11.3.15 Samsung
11.3.16 SAP
11.3.17 Sony
11.3.18 Xiomi
11.3.19 Eurotech
List of Figures
Figure 1: Global: Industrial Wearable Devices Market: Major Drivers and Challenges
Figure 2: Global: Industrial Wearable Devices Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Industrial Wearable Devices Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Industrial Wearable Devices Market: Breakup by Application (in %), 2020
Figure 5: Global: Industrial Wearable Devices Market: Breakup by Industry (in %), 2020
Figure 6: Global: Industrial Wearable Devices Market: Breakup by Region (in %), 2020
Figure 7: Global: Industrial Wearable Devices Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Industrial Wearable Devices Market: Price Structure (US$/Unit)
Figure 9: Global: Industrial Wearable Devices Industry: SWOT Analysis
Figure 10: Global: Industrial Wearable Devices Industry: Value Chain Analysis
Figure 11: Global: Industrial Wearable Devices Industry: Porter’s Five Forces Analysis
Figure 12: Global: Industrial Wearable Devices (Fitness Tracker) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Industrial Wearable Devices (Fitness Tracker) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Industrial Wearable Devices (Smart Glasses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Industrial Wearable Devices (Smart Glasses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Industrial Wearable Devices (Smart Watches) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Industrial Wearable Devices (Smart Watches) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Industrial Wearable Devices (Wearable Cameras) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Industrial Wearable Devices (Wearable Cameras) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Industrial Wearable Devices (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Industrial Wearable Devices (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Industrial Wearable Devices (Transport and Logistics Sectors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Industrial Wearable Devices (Transport and Logistics Sectors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Industrial Wearable Devices (Retail Sectors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Industrial Wearable Devices (Retail Sectors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Industrial Wearable Devices (Manufacturing Sectors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Industrial Wearable Devices (Manufacturing Sectors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Industrial Wearable Devices (Healthcare Sectors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Industrial Wearable Devices (Healthcare Sectors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Industrial Wearable Devices (Other Sectors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Industrial Wearable Devices (Other Sectors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Industrial Wearable Devices (Application in Warehouse Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Industrial Wearable Devices (Application in Warehouse Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Industrial Wearable Devices (Application in Training & Simulation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Industrial Wearable Devices (Application in Training & Simulation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Industrial Wearable Devices (Application in Service & Maintenance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Industrial Wearable Devices (Application in Service & Maintenance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Industrial Wearable Devices (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Industrial Wearable Devices (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: North America: Industrial Wearable Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: North America: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Europe: Industrial Wearable Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Europe: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Asia Pacific: Industrial Wearable Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Asia Pacific: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Middle East and Africa: Industrial Wearable Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Middle East and Africa: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Latin America: Industrial Wearable Devices Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Latin America: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Industrial Wearable Devices Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Industrial Wearable Devices Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Industrial Wearable Devices Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Industrial Wearable Devices Market Forecast: Breakup by Industry (in Million US$), 2021-2026
Table 4: Global: Industrial Wearable Devices Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Industrial Wearable Devices Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Industrial Wearable Devices Manufacturing: Raw Material Requirements
Table 7: Global: Industrial Wearable Devices Market: Competitive Structure
Table 8: Global: Industrial Wearable Devices Market: Key Players