Please Wait.....
Report
Industrial Wearable Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 147 Pages I IMARC Group
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?
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
Figure 1: Global: Industrial Wearable Devices Market: Major Drivers and Challenges
Figure 2: Global: Industrial Wearable Devices Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Industrial Wearable Devices Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Industrial Wearable Devices Market: Breakup by Application (in %), 2022
Figure 5: Global: Industrial Wearable Devices Market: Breakup by Industry (in %), 2022
Figure 6: Global: Industrial Wearable Devices Market: Breakup by Region (in %), 2022
Figure 7: Global: Industrial Wearable Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Industrial Wearable Devices Market: Price Structure
Figure 9: Global: Industrial Wearable Devices Industry: SWOT Analysis
Figure 10: Global: Industrial Wearable Devices Industry: Value Chain Analysis
Figure 11: Global: Industrial Wearable Devices Industry: Porter's Five Forces Analysis
Figure 12: Global: Industrial Wearable Devices (Fitness Tracker) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Industrial Wearable Devices (Fitness Tracker) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Industrial Wearable Devices (Smart Glasses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Industrial Wearable Devices (Smart Glasses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Industrial Wearable Devices (Smart Watches) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Industrial Wearable Devices (Smart Watches) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Industrial Wearable Devices (Wearable Camera) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Industrial Wearable Devices (Wearable Camera) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Industrial Wearable Devices (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Industrial Wearable Devices (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Industrial Wearable Devices (Transport and Logistics Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Industrial Wearable Devices (Transport and Logistics Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Industrial Wearable Devices (Retail Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Industrial Wearable Devices (Retail Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Industrial Wearable Devices (Manufacturing Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Industrial Wearable Devices (Manufacturing Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Industrial Wearable Devices (Healthcare Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Industrial Wearable Devices (Healthcare Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Industrial Wearable Devices (Other Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Industrial Wearable Devices (Other Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Industrial Wearable Devices (Application in Warehouse Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Industrial Wearable Devices (Application in Warehouse Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Industrial Wearable Devices (Application in Training & Simulation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Industrial Wearable Devices (Application in Training & Simulation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Industrial Wearable Devices (Application in Service & Maintenance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Industrial Wearable Devices (Application in Service & Maintenance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Industrial Wearable Devices (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Industrial Wearable Devices (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Industrial Wearable Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Europe: Industrial Wearable Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Europe: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia Pacific: Industrial Wearable Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia Pacific: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Middle East and Africa: Industrial Wearable Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Middle East and Africa: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Latin America: Industrial Wearable Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Latin America: Industrial Wearable Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Industrial Wearable Devices Manufacturing: Detailed Process Flow
Table 1: Global: Industrial Wearable Devices Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Industrial Wearable Devices Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Industrial Wearable Devices Market Forecast: Breakup by Industry (in Million US$), 2023-2028
Table 4: Global: Industrial Wearable Devices Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Industrial Wearable Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Industrial Wearable Devices Manufacturing: Raw Material Requirements
Table 7: Global: Industrial Wearable Devices Market: Competitive Structure
Table 8: Global: Industrial Wearable Devices Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security