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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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