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Industrial Wearables Market

Industrial Wearables - Global Market Outlook (2019-2027)

4.6 (27 reviews)
Published: November 2020 ID: SMRC20077
4.6 (27 reviews)
Published: November 2020 ID: SMRC20077

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Industrial Wearables Market is accounted for $1.10 billion in 2019 and is expected to reach $25.05 billion by 2027 growing at a CAGR of 47.8% during the forecast period. Some of the key factors propelling the market growth include High requirement for effective communication and collaborative working environment, increased interests of enterprises in utilizing AR technology, especially in the production area and VR technology specifically in training domain, and technological advancements and automation in manufacturing plants. However, data security and privacy issues are likely to hamper the market.

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Industrial wearables are functional tools designed to improve the productivity, safety, and efficiency of the businesses in sectors such as manufacturing, logistics, healthcare, lifestyle, etc. These devices are composed of highly sophisticated electronic components that collect data, track activities, and provide customized experiences according to the needs and desires of the users. Also, they are geared towards helping a worker perform the assigned task at hand more efficiently and reducing work-related accidents. Employers can collect data, track activities, and provide tailor-made experiences, depending on needs and desires.

By device type, AR glasses segment is expected to grow at the significant rate during the forecast period, due to growing adoption of these glasses in varieties of industries, including automotive, aerospace, and other manufacturing industries. AR glasses facilitate real-time remote assistance to workers by an expert or a supervisor, thereby boosting productivity, reducing downtime, ensuring quality, and improving customer satisfaction. The use of AR devices also decreases the technician's training time with increased support of an expert. All these advantages offered by AR glasses would increase their demand in the industrial market in the coming years.

On the basis of geography, North America region is anticipated to have considerable market growth during the forecast period, owing to the presence of leading industrial wearables market players and growing trends of smart manufacturing and Industrial IoT (IIOT). As industries in North America are among the early adopters of digitization and connected technologies to improve productivity, the region is expected to hold high growth opportunities for market. The automotive industry in North America is focused on implementing AR glasses to automate vehicle model setup, configuration, calibration, and quality checkup, which in turn will highly benefit the industrial wearables market.

Some of the key players in Industrial Wearables Market include Vuzix, Magic Leap, Honeywell, Oculus VR (Facebook), Asus, Microsoft, Samsung Electronics Co., Ltd., Fitbit, Apple Inc., Fujitsu, Olympus, Optinvent, Google, Epson, Fossil, HTC, Zepcam, and RealWear.

Components Covered:
• Touchpads and Sensors
• Connectivity Components
• Processors and Memory Modules
• Optical Systems and Displays
• Electromechanicals, Cases, and Frames
• Camera Modules

Device Types Covered:
• Smartwatches
• Smart Bands
• AR Glasses
• VR Headsets
• Patches
• Other Device Types

Applications Covered:
• Warehouse Management
• Emergency Response
• Field Repair Services
• Operation and Assembly
• Employee Monitoring
• Employee Training

End Users Covered:
• Power & Energy
• Chemicals
• Automotive
• Aerospace & Defense
• Oil & Gas
• Manufacturing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• 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

1 Executive Summary     
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Application Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Industrial Wearables Market, By Component     
 5.1 Introduction    
 5.2 Touchpads and Sensors    
 5.3 Connectivity Components    
 5.4 Processors and Memory Modules    
 5.5 Optical Systems and Displays    
 5.6 Electromechanicals, Cases, and Frames    
 5.7 Camera Modules    
      
6 Global Industrial Wearables Market, By Device Type     
 6.1 Introduction    
 6.2 Smartwatches    
 6.3 Smart Bands    
 6.4 AR Glasses    
 6.5 VR Headsets    
 6.6 Patches    
 6.7 Other Device Types    
  6.7.1 Wearable Cameras   
  6.7.2 Smart Clothing   
      
7 Global Industrial Wearables Market, By Application     
 7.1 Introduction    
 7.2 Warehouse Management    
 7.3 Emergency Response    
 7.4 Field Repair Services    
 7.5 Operation and Assembly    
 7.6 Employee Monitoring    
 7.7 Employee Training    
      
8 Global Industrial Wearables Market, By End User     
 8.1 Introduction    
 8.2 Power & Energy    
 8.3 Chemicals    
 8.4 Automotive    
 8.5 Aerospace & Defense    
 8.6 Oil & Gas    
 8.7 Manufacturing    
      
9 Global Industrial Wearables Market, By Geography     
 9.1 Introduction    
 9.2 North America    
  9.2.1 US   
  9.2.2 Canada   
  9.2.3 Mexico   
 9.3 Europe    
  9.3.1 Germany   
  9.3.2 UK   
  9.3.3 Italy   
  9.3.4 France   
  9.3.5 Spain   
  9.3.6 Rest of Europe   
 9.4 Asia Pacific    
  9.4.1 Japan   
  9.4.2 China   
  9.4.3 India   
  9.4.4 Australia   
  9.4.5 New Zealand   
  9.4.6 South Korea   
  9.4.7 Rest of Asia Pacific   
 9.5 South America    
  9.5.1 Argentina   
  9.5.2 Brazil   
  9.5.3 Chile   
  9.5.4 Rest of South America   
 9.6 Middle East & Africa    
  9.6.1 Saudi Arabia   
  9.6.2 UAE   
  9.6.3 Qatar   
  9.6.4 South Africa   
  9.6.5 Rest of Middle East & Africa   
      
10 Key Developments     
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 10.2 Acquisitions & Mergers    
 10.3 New Product Launch    
 10.4 Expansions    
 10.5 Other Key Strategies    
      
11 Company Profiling     
 11.1 Vuzix    
 11.2 Magic Leap    
 11.3 Honeywell    
 11.4 Oculus VR (Facebook)    
 11.5 Asus    
 11.6 Microsoft    
 11.7 Samsung Electronics Co., Ltd.    
 11.8 Fitbit    
 11.9 Apple Inc.    
 11.10 Fujitsu    
 11.11 Olympus    
 11.12 Optinvent    
 11.13 Google    
 11.14 Epson    
 11.15 Fossil    
 11.16 HTC    
 11.17 Zepcam    
 11.18 RealWear    


List of Tables      
1 Global Industrial Wearables Market Outlook, By Region (2018-2027) ($MN)     
2 Global Industrial Wearables Market Outlook, By Component (2018-2027) ($MN)     
3 Global Industrial Wearables Market Outlook, By Touchpads and Sensors (2018-2027) ($MN)     
4 Global Industrial Wearables Market Outlook, By Connectivity Components (2018-2027) ($MN)     
5 Global Industrial Wearables Market Outlook, By Processors and Memory Modules (2018-2027) ($MN)     
6 Global Industrial Wearables Market Outlook, By Optical Systems and Displays (2018-2027) ($MN)     
7 Global Industrial Wearables Market Outlook, By Electromechanicals, Cases, and Frames (2018-2027) ($MN)     
8 Global Industrial Wearables Market Outlook, By Camera Modules (2018-2027) ($MN)     
9 Global Industrial Wearables Market Outlook, By Device Type (2018-2027) ($MN)     
10 Global Industrial Wearables Market Outlook, By Smartwatches (2018-2027) ($MN)     
11 Global Industrial Wearables Market Outlook, By Smart Bands (2018-2027) ($MN)     
12 Global Industrial Wearables Market Outlook, By AR Glasses (2018-2027) ($MN)     
13 Global Industrial Wearables Market Outlook, By VR Headsets (2018-2027) ($MN)     
14 Global Industrial Wearables Market Outlook, By Patches (2018-2027) ($MN)     
15 Global Industrial Wearables Market Outlook, By Other Device Types (2018-2027) ($MN)     
16 Global Industrial Wearables Market Outlook, By Wearable Cameras (2018-2027) ($MN)     
17 Global Industrial Wearables Market Outlook, By Smart Clothing (2018-2027) ($MN)     
18 Global Industrial Wearables Market Outlook, By Application (2018-2027) ($MN)     
19 Global Industrial Wearables Market Outlook, By Warehouse Management (2018-2027) ($MN)     
20 Global Industrial Wearables Market Outlook, By Emergency Response (2018-2027) ($MN)     
21 Global Industrial Wearables Market Outlook, By Field Repair Services (2018-2027) ($MN)     
22 Global Industrial Wearables Market Outlook, By Operation and Assembly (2018-2027) ($MN)     
23 Global Industrial Wearables Market Outlook, By Employee Monitoring (2018-2027) ($MN)     
24 Global Industrial Wearables Market Outlook, By Employee Training (2018-2027) ($MN)     
25 Global Industrial Wearables Market Outlook, By End User (2018-2027) ($MN)     
26 Global Industrial Wearables Market Outlook, By Power & Energy (2018-2027) ($MN)     
27 Global Industrial Wearables Market Outlook, By Chemicals (2018-2027) ($MN)     
28 Global Industrial Wearables Market Outlook, By Automotive (2018-2027) ($MN)     
29 Global Industrial Wearables Market Outlook, By Aerospace & Defense (2018-2027) ($MN)     
30 Global Industrial Wearables Market Outlook, By Oil & Gas (2018-2027) ($MN)     
31 Global Industrial Wearables Market Outlook, By Manufacturing (2018-2027) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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