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Global Industrial Wearable Devices Market Propelled by Industry Specific Solutions


Industrial Wearable Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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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 2018-2023”, the global industrial wearable devices market reached a value of US$ 1.5 Billion in 2017.

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. On account of these factors, the market value is projected to exceed US$ 2.6 Billion by 2023, expanding at a CAGR of 9.6% during 2018-2023.

Industrial Wearable Devices Market by Sales Value and Application

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 global share.
  • The competitive landscape of the market has also been examined with some of the key players 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 market 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?
  • 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    Price Analysis
        5.3.1    Price Indicators
        5.3.2    Price Structure
        5.3.3    Margin Analysis
    5.4    Market Breakup by Product
    5.5    Market Breakup by End-Use
    5.6       Market Breakup by Application
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Research and Development
        5.10.3    Raw Material Procurement
        5.10.4    Manufacturing
        5.10.5    Marketing
        5.10.6    Distribution
        5.10.7    End-Use
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
6    Market Breakup by Product
    6.1    Fitness Tracker
    6.2    Smart Glasses
    6.3    Smart Watch
    6.4    Wearable Camera
    6.5    Others
7    Market Breakup by Application
    7.1    Warehouse Management
    7.2    Training & Simulation
    7.3    Service & Maintenance
    7.4    Others
8    Market Breakup by End-Use
    8.1    Transport & Logistics
    8.2    Retail
    8.3    Manufacturing
    8.4    Healthcare
    8.5    Others
9    Market Breakup by Region
    9.1    North America
    9.2    Europe
    9.3    Asia Pacific
    9.4    Middle East and Africa
    9.5    Latin America
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$), 2010-2017
Figure 3: Global: Industrial Wearable Devices Market: Breakup by Product (in %), 2017
Figure 4: Global: Industrial Wearable Devices Market: Breakup by Application (in %), 2017
Figure 5: Global: Industrial Wearable Devices Market: Breakup by End-Use (in %), 2017
Figure 6: Global: Industrial Wearable Devices Market: Breakup by Region (in %), 2017
Figure 7: Global: Industrial Wearable Devices Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 8: Global: Industrial Wearable Devices Industry: SWOT Analysis
Figure 9: Global: Industrial Wearable Devices Industry: Value Chain Analysis
Figure 10: Global: Industrial Wearable Devices Industry: Porter’s Five Forces Analysis
Figure 11: Global: Industrial Wearable Devices (Fitness Tracker) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Industrial Wearable Devices (Smart Glasses) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Industrial Wearable Devices (Smart Watch) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Industrial Wearable Devices (Wearable Camera) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Industrial Wearable Devices (Others Types) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Industrial Wearable Devices Market (End-use by Transport and Logistics): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Industrial Wearable Devices Market (End-use by Retail) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Global: Industrial Wearable Devices Market (End-use by Manufacturing) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Global: Industrial Wearable Devices Market (End-use by Healthcare) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Industrial Wearable Devices Market (Other End-uses) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Global: Industrial Wearable Devices Market (Application in Warehouse Management): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Global: Industrial Wearable Devices Market (Application in Training and Simulation): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Global: Industrial Wearable Devices Market (Application in Service and Maintenance): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Global: Industrial Wearable Devices Market (Other Applications): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 25: North America: Industrial Wearable Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 26: Europe: Industrial Wearable Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 27: Asia Pacific: Industrial Wearable Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 28: Middle East and Africa: Industrial Wearable Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 29: Latin America: Industrial Wearable Devices Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 30: Industrial Wearable Devices Manufacturing: Process Flow

 
List of Tables

Table 1: Global: Industrial Wearable Devices Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Industrial Wearable Devices Market Forecast: Breakup by Product (in Million US$), 2018-2023
Table 3: Global: Industrial Wearable Devices Market Forecast: Breakup by End-Use (in Million US$), 2018-2023
Table 4: Global: Industrial Wearable Devices Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 5: Global: Industrial Wearable Devices Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Industrial Wearable Devices: Raw Material Requirements
Table 7: Global: Industrial Wearable Devices Market Structure
Table 8: Global: Industrial Wearable Devices Market: Key Players


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