The latest report 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 the Industrial Wearable Devices Market Size. The report also includes competitor and regional analysis, and contemporary advancements in the 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 wearables are devices worn directly or indirectly by individuals and through which accurate time information can be obtained or tracked. It helps improve safety while enhancing the productivity and connectivity of workers in the factories by delivering data, documents, and applications in real-time. It comprises various controllers, sensors, and monitoring platforms that track data and store it on the cloud.
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Global Industrial Wearable Devices Market Trends:
The global market is primarily driven by the growing demand for effective communication and a collaborative working environment. Furthermore, the rising integration of AR technology with these wearable devices is positively influencing the market growth. In line with this, rapid technological advancements and automation in manufacturing plants are creating a positive outlook for the market. Apart from this, the increasing adoption of AR glasses across the automotive, aerospace, and manufacturing industries is catalyzing market growth across the globe. Besides this, the growing demand for wearable devices due to their ability to reduce production time, decrease development cost, ensure efficient production planning, accurate production, and quality improvement and assurance is propelling the product demand. Several manufacturers are also introducing devices with management systems, such as CRM and facial recognition for effective communication, thereby influencing the sales of industrial wearable devices.
Competitive Landscape with Key Players:
Apple
Epson
Fujitsu
Google
Microsoft
Vuzix
ASUS
Fitbit
Garmin
Honeywell
Jawbone
Motorola
Nike
Pebble
Samsung
SAP
Sony
Xiaomi
Eurotech
Also, Read Top Industrial Wearable Devices Companies:
Breakup by Product Type:
Smartwatches
Smart Glasses
Fitness Tracker
Wearable Camera
Breakup by Application:
Training and simulation
Warehouse management
Service and 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
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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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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