Global Industrial Wearables Market By Device Type (AR Glasses, VR Headsets, Smartwatches, Smart Bands), By Industry Vertical (Automotive, Aerospace & Defense, Manufacturing, Oil & Gas, Power & energy), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2028
- Published date: May 2023
- Report ID: 73259
- Number of Pages: 319
- Format:
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During their operations, industrial facilities and manufacturing sites typically use heavy equipment and machinery that operate at high temperatures and pressures, while also being subjected to additional mechanical stress.
As a result, machine operators and personnel are often protected with efficient, sturdy, and durable protective gear across a variety of industries including mining, material processing, steel manufacture, and construction, as they are vulnerable to unplanned errors and accidents, owing to the physically demanding working conditions of employees.
The deployment of industrial wearable devices or products capable of continuous employee monitoring can help to prevent such unplanned workplace mishaps. In addition, a growing number of young workers in many industries, as well as the rapid rise in workplace-related safety norms and laws, have aided the adoption of these items.
Furthermore, data-driven wearable solutions can be used to track fatigue and unforeseen health conditions of employees, as well as other potentially harmful workplace conditions, to avert damage to life and industrial assets.
IoT and smart gadgets have changed the perception individuals have of data and connectivity, while also creating new commercial opportunities in the process. The production of industrial wearable devices is one such avenue. Industrial wearable devices include connected gadgets used by industrial employees such as smart glasses, wrist computers, ring scanners, and wearable scanners.
Another influencing factor fueling the revenue growth of the industrial wearable devices market is the increased use or adoption of wearable scanners across varying sectors. Transportation and logistics, hospitality and entertainment, manufacturing, and retail services are among the industries where wearable scanners are presently being used.
Detailed Segmentation
Based on Device Type:
- AR Glasses
- VR Headsets
- Smartwatches
- Smart Bands
- Other Device Types
Based on Industry Vertical:
- Automotive
- Aerospace & Defense
- Manufacturing
- Oil & Gas
- Power & energy
- Other Industry Verticals
Based on Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Market Dynamics
The increase in the use of wearable devices is a major factor that is boosting the revenue growth of the industrial wearables market. In the consumer electronics category, wearables have overtaken the demand for smartphones. These devices provide innovative ways to complete basic activities, from checking alerts to measuring physical activity. The growing use of these devices in the industrial sector creates potential market growth prospects for industrial wearables.
The industrial wearable devices market is expected to grow faster if IoT expansion is accelerated. The increased desire to stay connected has fueled the demand for more linked products. The Internet of Things (IoT) is one such channel that collects data and subsequently connects a user with numerous related goods. The expansion of the industrial wearable devices market has been fueled by a demand for connected items.
The poor battery life of smart wearable electronics is a major drawback for his industry. On the contrary, a growth in the adoption of various technologies, and increasing investments towards wearable device technologies are expected to create favorable opportunities for the further expansion of the industrial wearables market.
The logistics industry, in particular, is striving to achieve a hands-off work environment. More than half of logistic organizations are using wearable technology in their day-to-day operations as part of their innovation strategies, thereby propelling the industrial wearable devices market forward. Wearables are being used in warehouse and supply chain operations by companies in different sectors. The fundamental goal of these devices is to achieve the highest inventory, productivity, and accuracy possible.
Competitive Landscape
- Microsoft Corporation
- Seiko Epson Corporation
- Samsung Electronics Co. Ltd.
- Honeywell International Inc.
- Sony Corporation
- IMEC
- RealWear
- Fujitsu Ltd.
- Vuzix Corporation
- Proglove
Key developments
- In 2020, ProGlove and Samsung Electronics teamed up to provide a unified product solution to meet the growing need for wearable scanners across a variety of industries. The Galaxy XCover Pro, Samsung’s latest ruggedized smartphone for various companies, and ProGlove’s MARK line of wearable barcode scanners were paired to provide users with a safe, seamless flow of information, as well as consistent traceability and better user comfort.
- In 2020, the creation of a Scientific Advisory Board (SAB) has been announced by Fatigue Sciencea and they will work closely with the Fatigue Science leadership team to continue to enhance and strengthen its scientifically validated solutions, assisting enterprises in optimizing operations, driving performance, and productivity, and lowering risk in the process.
- In June 2019, Magic Leap partnered with Sketchfab (US), a company that provides the Sketchfab platform with publishing, sharing, discovering, buying, and selling 3D, VR, and AR content, to allow manufacturers to create Extended Reality (XR) content with javascripts and distributes them via the web on Magic Leap One, phones, tablets, desktops, and VR & AR headsets.
- In April 2019, Vuzix partnered with Eaton (US) to develop an ATEX smart glasses solution that is designed to withstand extreme workplace environments caused by flammable gases, mist, or vapors, as well as combustible dust.
For the Industrial Wearables Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Industrial Wearables MarketPublished date: May 2023add_shopping_cartBuy Now get_appDownload Sample - Microsoft Corporation Company Profile
- Seiko Epson Corporation
- Samsung Electronics Co. Ltd.
- Honeywell International Inc.
- Sony Corporation
- IMEC
- RealWear
- Fujitsu Ltd.
- Vuzix Corporation
- Proglove
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