Market Overview

Global Industrial Wearable Devices Market 2018-2023: $1.5 Billion Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

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The "Industrial
Wearable Devices Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023"
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The global industrial wearable devices market reached a value of US$ 1.5
Billion in 2017.

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.

On account of these factors, the market value is projected to exceed US$
2.6 Billion by 2023, expanding at a CAGR of 9.6% during 2018-2023.

Market Summary:

  • Based on product type, the market has been segmented as fitness
    tracker, smart glasses, smart watches, wearable camera, etc.
    Currently, smart watches dominate the market, holding the largest
    share.
  • On the basis of application, the market has been segmented into
    warehouse management, training & simulation, service & maintenance,
    and others.
  • On the basis of industry, the market has been segmented into transport
    & logistics, retail, manufacturing, healthcare and others.
  • 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 global share.

The competitive landscape of the market has also been examined
with some of the key players being

  • Apple
  • Epson
  • Fujitsu
  • Google
  • Microsoft
  • Vizux
  • ASUS
  • Fitbit
  • Garmin
  • Honeywell
  • Jawbone
  • Motorola
  • Nike
  • Pebble
  • Samsung
  • SAP
  • Sony
  • Eurotech

For more information about this report visit https://www.researchandmarkets.com/research/nrtbv9/global_industrial?w=4

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