Industrial Wearable Devices Market Forecasts to 2028 – Global Analysis By Product, Application (Service and Maintenance, Training and Simulation, and Warehouse Management), End User and By Geography
According to Stratistics MRC, the Global Industrial Wearable Devices Market is accounted for $4.19 billion in 2020 and is expected to reach $10.75 billion by 2028 growing at a CAGR of 12.5% during the forecast period. The rising adoption of wearable devices and the rapidly increasing e-commerce industry are the major factors propelling the market growth. However, the growing privacy and security issues are hampering the market growth.
Industrial wearable devices are functional tools designed to upgrade workplace productivity, safety, and efficiency of companies in sectors such as 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.
Based on the product, the sensors segment is estimated to have a lucrative growth due to it enables to track of various body vitals such as calories, heart rate, pulses, footsteps, and blood pressure using the sensors. Meanwhile, the use of the internet, as well as smartphones, has fuelled the adoption rate of sensor devices.
By geography, North America is going to have lucrative growth during the forecast period. The increase in the number of construction activities and the introduction of barcode scanners in warehousing and storage facilities will significantly influence industrial wearable devices market growth in this region.
Some of the key players profiled in the Industrial Wearable Devices Market include Zebra Technologies, Xiomi, Vuzix, Sony, Motorola, Apple, Samsung, Pebble, Nike, Eurotech, Microsoft Corporation, Jawbone, Honeywell, Google, ASUS, Garmin, Fujitsu, Fitbit, SAP, Epson, Generalscan, Shenzhen Effon Ltd., and Alphabet Inc.
• Ring Scanners
• Smart Glasses
• Smart Terminals
• Wrist Computers
• Smart Watch
• Wearable Camera
• Fitness Tracker
• Service and Maintenance
• Training and Simulation
• Warehouse Management
End Users Covered:
• Transportation and Logistics
• Media and Entertainment
• Sports and Fitness
• High-Tech Industry
• Iron Industry
• Mechanical Industry
• Energy Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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