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Industrial Wearable Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Jun 14, 2023
Length 147 Pages
SKU # IMRC18014854

Description

Industrial Wearable Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

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 devices are functional tools designed to upgrade workplace productivity, safety and efficiency of the companies in sectors such 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. Moreover, they are geared to aid a worker to perform the assigned task at hand with greater ease and reduce accidents related to work.

Industrial wearable devices are rapidly gaining prevalence due to their numerous advantages, such as portability, convenience, operational efficiency, etc. In addition, improvement in bio-sensing technology in these devices helps in measuring health parameters such as body temperature, heart rate and blood oxygen levels. These parameters are further used by companies to track the employees’ health and are linked to their employee welfare programs, thereby reducing the healthcare costs. Further, industrial wearable devices can be used for real time data monitoring, workforce authentication, field management, corporate wellness and mobile workforce management. This is projected to increase their usage in different verticals, such as healthcare, IT & telecom, and manufacturing.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial wearable devices market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application and industry.

Breakup by Product Type:

Fitness Tracker
Smart Glasses
Smart Watches
Wearable Camera
Others

Based on product type, the market has been segmented as fitness tracker, smart glasses, smart watches, wearable camera, etc. Currently, fitness tracker dominate the market, holding the largest share.

Breakup by Application:

Warehouse Management
Training & Simulation
Service & Maintenance
Others

On the basis of application, the market has been segmented into warehouse management, training & simulation, service & maintenance, and others.

Breakup by Industry:

Transport & Logistics
Retail
Manufacturing
Healthcare
Others

On the basis of industry, the market has been segmented into transport & logistics, retail, manufacturing, healthcare and others.

Breakup by Region:

  North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the leading market, accounting for the majority of the market share.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the top industrial wearable devices companies are being Apple, Epson, Fujitsu, Google, Microsoft, Vuzix, ASUS, Fitbit, Garmin, Honeywell, Jawbone, Motorola, Nike, Pebble, Samsung, SAP, Sony, Xiomi and Eurotech.

This report provides a deep insight into the global industrial wearable devices market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the industrial wearable devices industry in any manner.

Key Questions Answered in This Report:

What was the size of the global industrial wearable devices market in 2022?
What is the expected growth rate of the global industrial wearable devices market during 2023-2028?
What has been the impact of COVID-19 on the global industrial wearable devices market?
What are the key factors driving the global industrial wearable devices market?
What is the breakup of the global industrial wearable devices market based on the product type?
What is the breakup of the global industrial wearable devices market based on the application?
What is the breakup of the global industrial wearable devices market based on the industry?
What are the key regions in the global industrial wearable devices market?
Who are the key players/companies in the global industrial wearable devices market?

Table of Contents

147 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Wearable Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Margin Analysis
5.5 Market Breakup by Product Type
5.6 Market Breakup by Industry
5.7 Market Breakup by Application
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Overview
5.11.2 Research and Development
5.11.3 Raw Material Procurement
5.11.4 Manufacturing
5.11.5 Marketing
5.11.6 Distribution
5.11.7 End-Use
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Fitness Tracker
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Smart Glasses
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Smart Watches
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Wearable Camera
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Warehouse Management
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Training & Simulation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Service & Maintenance
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Industry
8.1 Transport & Logistics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Retail
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Manufacturing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10  Industrial Wearable Devices Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11  Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Apple
11.3.2 Epson
11.3.3 Fujitsu
11.3.4 Google
11.3.5 Microsoft
11.3.6 Vuzix
11.3.7 ASUS
11.3.8 Fitbit
11.3.9 Garmin
11.3.10 Honeywell
11.3.11 Jawbone
11.3.12 Motorola
11.3.13 Nike
11.3.14 Pebble
11.3.15 Samsung
11.3.16 SAP
11.3.17 Sony
11.3.18 Xiomi
11.3.19 Eurotech

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