This market research report presents a detailed segmentation of the global industrial wearable devices market by product type (smart glass, smartwatch, fitness tracker, and wearable camera). It provides a market share analysis and projections of the key regions, including APAC, Europe, North America, and ROW. The key vendors analyzed in this report are Apple, Epson, Fujitsu, Google, Microsoft, and Vizux.
Technavio has released updated information on the wearable market, with the publication of its new market research report, global industrial wearable devices market. The global industrial wearable devices market is expected to generate revenues of $5 billion between2015 and 2019. The increase in employee welfare programs in companies is driving the growth of this market. Companies use wearables to track employees’ health. North America leads the global market for industrial wearables, accounting for 41% of the overall market share. The rising awareness among the industries towards wearable computing technology has raised its adoption rate in this region. The US and Canada are the market leaders in this region.
The operational efficiencies associated with wearable devices is a major factors driving the growth of industrial wearable devices market. Wearable devices used in the logistics sector helps in tracking of goods and provides estimated time frames for delivery to the managers. For instance, in Amazon, the sourcing personnel who work in warehouses wear GPS tags and have a handheld scanner. These devices tell the workers the most efficient route to take to collect an item for delivery,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Recently, Fujitsu Laboratories announced the launch of a lightweight and compact wearable ring-type device. This device offers handwriting-input functionality and a reader for NFC tags. It identifies fingertip tracing as a letterform and can obtain the required data.
The key vendors in the global industrial wearable devices market include Apple, Epson, Fujitsu, Google, Microsoft, and Vizux. This market is dominated by international vendors. The competition in the market is expected to intensify during the forecast period, with an increase in product/service extensions, innovations in technology, and mergers. International players are anticipated to grow inorganically during the forecast period by acquiring regional or local players.
A more detailed analysis is available in the Technavio report, Global Industrial Wearable Devices Market 2015-2019
We can customize this reports by other regions and specific segments upon request.
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Further readings:
- Service Providers Racing to Capitalize on Fitness Wearables
- Big Growth and Even Bigger Challenges Will Impact the Wearables Market Through 2019
- Exploring Five Challenges in the Wearable Technology Market
- 4 Market Trends that Prove that Wearable Technology is Here to Stay
- Current Wearable Technology Applications Leave Huge Gap in Market
- Top 116 Wearable Technology Companies and the Products They Offer
