Market Overview:
The global industrial wearable devices market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for industrial wearable devices across different industries, such as transportation and logistics, retail, manufacturing, healthcare and others. Industrial wearable devices are used for various purposes such as tracking employee location and activities, monitoring process parameters in real-time, recording work-related injuries and providing hands-free access to information. Based on type, the global industrial wearable devices market is segmented into wrist computers, ring scanners, smart terminals and smart glasses. The wrist computer segment is expected to hold the largest share of the global industrial wearable devices market in 2018 owing to its growing popularity among different industries for its features such as voice recognition capabilities and long battery life. Based on application, the transportation and logistics sector is expected to account for the largest share of the global industrial wearables market in 2018 followed by retail sector.
Product Definition:
Industrial wearable devices are computerized gadgets that workers wear while they're working. They often include sensors and other technology that allow wearers to communicate with the devices and access information about their work. Industrial wearable devices can improve safety, efficiency, and communication in the workplace.
Wrist Computers:
Wrist computers are wearable devices that can be used to perform basic computational tasks. They are mainly used in industrial applications such as process control, material handling, and assembly line monitoring. The wrist computer is a portable device worn on the wrist which contains a small computer processor and various input/output devices such as sensors or displays. It enables data to be collected from different sources and transferred to another device for further processing or analysis.
Ring Scanners:
Ring scanners are devices used to detect the presence of a person and also to capture biometric data from them. Ring scanners are mainly used in access control systems, card-based key fobs, and employee time & attendance tracking systems. The technology is gaining popularity owing to its features such as high accuracy (96%+) and low false rejection rates (0-5%).
Application Insights:
The transportation and logistics application segment accounted for the largest revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for wearable devices that can monitor driver behavior, alert fatigue, and improve overall productivity. Furthermore, these devices help reduce human errors by monitoring vehicle speed and location thereby improving road safety.
The healthcare sector is also anticipated to witness rapid growth over the forecast period due to increasing adoption of wearables such as smartwatches that can track heart rate along with other health related data. These factors are projected to increase product demand in near future thus driving industry growth across various regions globally during the study period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing adoption of wearable devices by healthcare professionals for tracking patient’s health, rising demand for smart glasses and other wearable devices from consumers, and growing need for automation across several industries in order to improve operational efficiency.
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to significant growth opportunities offered by emerging economies such as China and India. In addition, increasing investments by key industry players in developing countries are projected to drive product demand during the estimated time span. For instance, Google LLC partnered with Xiaomi Corporation Ltd., a Chinese technology company based in Beijing, China (Mi) on July 11th 2018 (Xiaomi Mi 8 Smartphone Review).
Growth Factors:
- Increasing demand for industrial wearable devices from the automotive and manufacturing sectors to improve worker safety and productivity.
- Growing popularity of Industrial Wearable Devices among workers as they offer enhanced comfort, safety, and productivity over traditional workwear.
- Proliferation of smart factories that are equipped with advanced sensors and communication technologies, which is driving the demand for industrial wearable devices.
- Rising investments in research & development by leading players to develop innovative industrial wearable devices products that meet the needs of different industries segments 5 Increased awareness about the benefits of using industrial wearable devices among workers across different industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Wearable Devices Market Research Report
By Type
Wrist Computers, Ring Scanners, Smart Terminals, Smart Glasses
By Application
Transportation and Logistics, Retail, Manufacturing, Healthcare, Others
By Companies
Epson, Vuzix, Eurotech, Generalscan, Honeywell, Shenzhen Unique Electronic, Zebra, Epson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Wearable Devices Market Report Segments:
The global Industrial Wearable Devices market is segmented on the basis of:
Types
Wrist Computers, Ring Scanners, Smart Terminals, Smart Glasses
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation and Logistics, Retail, Manufacturing, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Epson
- Vuzix
- Eurotech
- Generalscan
- Honeywell
- Shenzhen Unique Electronic
- Zebra
- Epson
Highlights of The Industrial Wearable Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wrist Computers
- Ring Scanners
- Smart Terminals
- Smart Glasses
- By Application:
- Transportation and Logistics
- Retail
- Manufacturing
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Wearable Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial wearable devices are a type of wearable technology that are used in industrial settings. They can be used to monitor and track data such as worker productivity or safety.
Some of the key players operating in the industrial wearable devices market are Epson, Vuzix, Eurotech, Generalscan, Honeywell, Shenzhen Unique Electronic, Zebra, Epson.
The industrial wearable devices market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Wearable Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Wearable Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Wearable Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Wearable Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Wearable Devices Market Size & Forecast, 2018-2028
4.5.1 Industrial Wearable Devices Market Size and Y-o-Y Growth
4.5.2 Industrial Wearable Devices Market Absolute $ Opportunity
Chapter 5 Global Industrial Wearable Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Wearable Devices Market Size Forecast by Type
5.2.1 Wrist Computers
5.2.2 Ring Scanners
5.2.3 Smart Terminals
5.2.4 Smart Glasses
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Wearable Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Wearable Devices Market Size Forecast by Applications
6.2.1 Transportation and Logistics
6.2.2 Retail
6.2.3 Manufacturing
6.2.4 Healthcare
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Wearable Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Wearable Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Wearable Devices Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Wearable Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Wearable Devices Market Size Forecast by Type
9.6.1 Wrist Computers
9.6.2 Ring Scanners
9.6.3 Smart Terminals
9.6.4 Smart Glasses
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Wearable Devices Market Size Forecast by Applications
9.10.1 Transportation and Logistics
9.10.2 Retail
9.10.3 Manufacturing
9.10.4 Healthcare
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Wearable Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Wearable Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Wearable Devices Market Size Forecast by Type
10.6.1 Wrist Computers
10.6.2 Ring Scanners
10.6.3 Smart Terminals
10.6.4 Smart Glasses
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Wearable Devices Market Size Forecast by Applications
10.10.1 Transportation and Logistics
10.10.2 Retail
10.10.3 Manufacturing
10.10.4 Healthcare
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Wearable Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Wearable Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Wearable Devices Market Size Forecast by Type
11.6.1 Wrist Computers
11.6.2 Ring Scanners
11.6.3 Smart Terminals
11.6.4 Smart Glasses
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Wearable Devices Market Size Forecast by Applications
11.10.1 Transportation and Logistics
11.10.2 Retail
11.10.3 Manufacturing
11.10.4 Healthcare
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Wearable Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Wearable Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Wearable Devices Market Size Forecast by Type
12.6.1 Wrist Computers
12.6.2 Ring Scanners
12.6.3 Smart Terminals
12.6.4 Smart Glasses
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Wearable Devices Market Size Forecast by Applications
12.10.1 Transportation and Logistics
12.10.2 Retail
12.10.3 Manufacturing
12.10.4 Healthcare
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Wearable Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Wearable Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Wearable Devices Market Size Forecast by Type
13.6.1 Wrist Computers
13.6.2 Ring Scanners
13.6.3 Smart Terminals
13.6.4 Smart Glasses
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Wearable Devices Market Size Forecast by Applications
13.10.1 Transportation and Logistics
13.10.2 Retail
13.10.3 Manufacturing
13.10.4 Healthcare
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Wearable Devices Market: Competitive Dashboard
14.2 Global Industrial Wearable Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Epson
14.3.2 Vuzix
14.3.3 Eurotech
14.3.4 Generalscan
14.3.5 Honeywell
14.3.6 Shenzhen Unique Electronic
14.3.7 Zebra
14.3.8 Epson
