The latest report published by IMARC Group, titled “Industrial Wearable Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on industrial wearable devices market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global industrial wearable devices market size reached US$ 10.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.7% during 2023-2028.

Industrial wearable device refers to a wide range of devices that are equipped with sensors and connectivity features, allow real-time monitoring, data collection, and enhanced communication between workers and systems. Recognized for their capabilities in tracking physical movements, monitoring vital signs, and providing crucial information on-site, industrial wearable devices are transforming traditional manufacturing and production processes. The integration of these devices enables quicker decision-making, fosters collaboration, and ensures compliance with safety standards. Some of the most common devices include smart glasses, wrist wear, body-worn cameras, and exoskeletons designed to increase efficiency, safety, and productivity in industrial environments.

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Market Trends:

The global market is primarily driven by the increasing need for real-time data monitoring and operational efficiency in industrial settings. In line with this, the growing emphasis on worker safety and well-being is also providing an impetus to the market. Moreover, the integration of advanced technologies such as augmented reality and artificial intelligence in wearable devices is acting as a significant growth-inducing factor for the market. In addition to this, the expanding industrial automation resulting in the need for advanced human-machine interaction is resulting in higher investment in industrial wearable devices. Some of the other factors contributing to the market include rapid technological advancements and innovation, the shift towards Industry 4.0, the requirement for personalized industrial training and support, and extensive research and development (R&D) activities.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Apple
  • Epson
  • Fujitsu
  • Google
  • Microsoft
  • Vuzix
  • ASUS
  • Fitbit
  • Garmin
  • Honeywell
  • Jawbone
  • Motorola
  • Nike
  • Pebble
  • Samsung
  • SAP
  • Sony
  • Xiomi
  • Eurotech

Industrial Wearable Devices Market Segmentation:

Our report has categorized the market based on region, product type, application and industry.

Breakup by Product Type:

  • Fitness Tracker
  • Smart Glasses
  • Smart Watches
  • Wearable Camera
  • Others

Breakup by Application:

  • Warehouse Management
  • Training & Simulation
  • Service & Maintenance
  • Others

Breakup by Industry:

  • Transport & Logistics
  • Retail
  • Manufacturing
  • Healthcare
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

 

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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