Industrial Wearable Devices Industry 2018 Market Research Report

Global industrial wearable devices market is anticipated to witness an exponential growth in the forecast period. Wearable devices that are used for industrial applications are termed as “Industrial wearable”. Industrial wearable devices are functional tools designed to upgrade workplace efficiency, safety, and productivity of the companies in segments such as lifestyle, logistics, manufacturing, healthcare, etc.

The factors that propel the growth of the market include rise in disposable income coupled with rise in health concerns among consumers, higher acceptance of smart wearable devices in the healthcare sector, and increasing standard of living. On the other hand, a factor may hamper the growth of the market including high prices associated with wearable technology. Industrial wearable devices market is anticipated to expand at a significant CAGR of 10.52% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The new trend with respect to industrial wearable devices is that of acquiring patents. There are numerous vendors in the market for industrial wearable devices that have filed patents for their products. These vendors are beginning to patent their technological discoveries about the market. One of the signs of technical growth is the number of patents approved in the field.

Market could be explored by product type, industry type, application, and geography. Market could be explored by product type as a fitness tracker, wearable camera, smart glasses, and smart watches, etc. The “Smart Watches” segment led the industrial wearable devices market in 2017 and will continue to lead in the forecast period.

Based on industry type, market could span healthcare, transport & logistics, manufacturing, retail, and others. The “Healthcare” segment led the Wearable Technology Market in 2014 and is anticipated to maintain its dominance by 2022. The key factors that may be attributed to the growth of the market include increasing client base for wearable electronic gadgets and an increase in demand for wearable technology owing to social and medicinal insurance. The key applications that could be explored in the market include service & maintenance, training & simulation, warehouse management, and others.

North America accounted for the major share of the industrial wearable devices market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high product usage, increasing use of wrist wear and fitness wear among the fitness enthusiasts, industrial innovations and growing health consciousness. North America is followed by Asia-Pacific and anticipated to show significant growth in the forecast period owing to the development of technological innovations in developing regions.

Some of the key players that fuel the growth of the industrial wearable devices market comprise Epson, Apple, Google, Fujitsu, Vizux, Microsoft, Fitbit, ASUS, Honeywell, Garmin, Motorola, Jawbone, Pebble, Nike, SAP, Samsung, Eurotech, Sony. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

The major manufacturers covered in this report
• Apple
• Epson
• Fujitsu
• Google
• Microsoft
• Vizux
• ASUS
• Fitbit
• Garmin
• Honeywell
• Jawbone
• Motorola
• Nike
• Pebble
• Samsung
• SAP
• Sony
• Eurotech

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, market share and growth opportunity in these key regions, covering
• North America
• Europe
• China
• Japan
• Other Regions

The regional scope of the study is as follows:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Singapore
• Rest of Asia-Pacific
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
• Central & South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• Turkey
• Rest of Middle East & Africa

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Smart Glass
• Smartwatch
• Fitness Tracker
• Wearable Camera

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, (sales), market share and growth rate for each application, including
• Energy industry
• Iron industry
• Mechanical industry
• High-tech industry

The key points of this report are:
• To analyze and study the global Industrial Wearable Devices capacity, production, value, status (2013-2017) and forecast (2018-2025);
• Focuses on the key Industrial Wearable Devices manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.