The North America industrial wearable devices market reached a value of US$ 2.7 Billion in 2018. Industrial wearable devices are functional tools that assist in upgrading workplace safety, productivity and efficiency in military and defense, healthcare, retail, manufacturing, etc. These devices are equipped with IoT capabilities, such as wireless data transmission, real-time feedback, and automatic health alerts. Moreover, they can collect, store, interpret and exchange data with other devices working on compatible networks.
The North America industrial wearable devices market is currently being driven by several factors. The industrial wearable devices are increasingly being utilized in high-risk environments, such as oil and gas recovery, mining operations, and construction sites. Additionally, the rising technological innovations in these devices, such as bio-sensing, have enabled the tracking of health conditions, which include blood oxygen levels, body temperature and heart rate of the employees. Furthermore, these devices are also employed for field management, real-time data monitoring, corporate wellness, mobile workforce management and authentication. Looking forward, IMARC Group expects the market to reach a value of US$ 5.5 Billion by 2024, registering a CAGR of 12.5% during 2019-2024.
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