Dublin, June 10, 2024 (GLOBE NEWSWIRE) -- The "Global Industrial Wearable Devices Market Report by Product Type, Application, Industry, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global industrial wearable devices market size reached US$ 11.9 Billion in 2023. Looking forward, the market is projected to reach US$ 33.8 Billion by 2032, exhibiting a growth rate (CAGR) of 12.30% during 2023-2032.
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.
Furthermore, 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
This report 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 2024-2032. The report has categorized the market based on product type, application and industry.
- Breakup by Product Type: Based on product type, the market has been segmented as fitness tracker, smart glasses, smart watches, wearable camera, and others. Currently, fitness tracker dominate the market, holding the largest share.
- Breakup by Application: On the basis of application, the market has been segmented into warehouse management, training & simulation, service & maintenance, and others.
- Breakup by Industry: On the basis of industry, the market has been segmented into transport & logistics, retail, manufacturing, healthcare and others.
- Breakup by Region: 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.
Key Questions Answered in This Report
- What was the size of the global industrial wearable devices market in 2023?
- What is the expected growth rate of the global industrial wearable devices market during 2024-2032?
- 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?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 137 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $11.9 Billion |
| Forecasted Market Value (USD) by 2032 | $33.8 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and 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
5.5 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
5.11 Value Chain Analysis
5.12 Porters Five Forces Analysis
6 Market Breakup by Product Type
6.1 Fitness Tracker
6.2 Smart Glasses
6.3 Smart Watches
6.4 Wearable Camera
6.5 Others
7 Market Breakup by Application
7.1 Warehouse Management
7.2 Training & Simulation
7.3 Service & Maintenance
7.4 Others
8 Market Breakup by Industry
8.1 Transport & Logistics
8.2 Retail
8.3 Manufacturing
8.4 Healthcare
8.5 Others
9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia-Pacific
9.4 Middle East and Africa
9.5 Latin America
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
- Apple
- Epson
- Fujitsu
- Microsoft
- Vuzix
- ASUS
- Fitbit
- Garmin
- Honeywell
- Jawbone
- Motorola
- Nike
- Pebble
- Samsung
- SAP
- Sony
- Xiomi
- Eurotech
For more information about this report visit https://www.researchandmarkets.com/r/fc9fwx
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