0

Global IoT-Enabled Industrial Wearables Market 2017-2021

  • Published: Oct 2017
  • Pages: 74
  • SKU: IRTNTR15360
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

This industry research report identifies Alphabet, DAQRI, Epson, Fujitsu, Microsoft, and Vuzix as the key vendors in the global IoT-Enabled industrial wearables market. A comprehensive analysis of this market is also presented by product (smart eyewear, head-mounted wearables, and hand-worn wearables) and geography (the Americas, APAC, and EMEA).

Overview of the global IoT-Enabled industrial wearables market

Research analysis on the global IoT-Enabled industrial wearables market identifies that the rising adoption of smart sensors will be one of the major factors that will have a positive impact on the growth of the market. The introduction of smart sensors is propelling the adoption of wireless monitoring systems. In addition, the smart sensors and their adoption in IIoT are increasing the usage of IoT-enabled industrial smart wearables by companies. Unlike analytical sensors, the maintenance of smart sensors is comparatively easy and has lesser downtime. Moreover, smart sensors offer information such as system data and status updates. They raise the system reliability by lowering the repair cost and minimizing the time for sensor replacement. The declining price of smart sensors, combined with their capability to supply reliable and real-time data, has increased their demand. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 10% by 2021.

The rising utilization of smart wearables for training purpose is one of the key trends that will contribute to the growth of this market in the forthcoming years. Smart wearables have made it easy to collect and document training-related data. These wearables with technologies, such as AR and VR can provide effective training to their employees in industries. For instance, an operator of a wind farm can use smart eyewear equipped with 3-D technology and AR to offer in-depth assessment and knowledge of the whole farm from any location. Also, the oil companies are widely using VR to train oil rig workers with VR-mounted wearables that display safety-related procedures and risk factors involved.

Competitive landscape and key vendors  

The IoT-enabled industrial wearables market consists of limited vendors. These vendors in the smart wearables market are highly focusing on the military and healthcare sector than the manufacturing industry. Also, these vendors are concentrating on providing and manufacturing specific products, and there are no vendors in the market that offer all the solutions for IoT-enabled smart wearables.

The leading vendors in the market are –

  • Alphabet
  • DAQRI
  • Epson
  • Fujitsu
  • Microsoft
  • Vuzix

The other prominent vendors in the market are ChipSiP Technology, Fatiguescience, Kopin Corporation, Osterhoutgroup, and SmartCap Technologies.

Segmentation by product and analysis of the IoT-Enabled industrial wearables market

  • Smart eyewear
  • Head-mounted wearables
  • Hand-worn wearables

The smart eyewear such as smart glasses assist workers to get access to day-to-day tasks, schedules, and e-mail alerts on their glasses. This segment will hold the maximum market share of the IoT-enabled industrial wearables market due to the rise in the vendors focusing on manufacturing smart eyewear product variants to meet increasing demand.

Geographical segmentation and analysis of the IoT-Enabled industrial wearables market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the IoT-Enabled industrial wearables market throughout the forecast period. This is mainly due to the presence of many manufacturing industries and availability of appropriate business ecosystem in Europe that will drive the market growth in the region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global IoT-Enabled industrial wearables market?
  • What are the key market trends impacting the growth of the global IoT-Enabled industrial wearables market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global IoT-Enabled industrial wearables market?
  • What are the market opportunities and threats faced by the vendors in the global IoT-Enabled industrial wearables market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global IoT-Enabled industrial wearables market?

Technavio also offers customization on reports based on specific client requirement.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market overview
  • Market size and forecast
  • Global IoT-enabled industrial wearables market by smart eyewear
  • Global IoT-enabled industrial wearables market by head-mounted wearables
  • Global IoT-enabled industrial wearables market by hand worn wearables
  • REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • IoT-enabled industrial wearables market in Americas – Market size and forecast
  • IoT-enabled industrial wearables market in EMEA – Market size and forecast
  • IoT-enabled industrial wearables market in APAC – Market size and forecast
  • Key leading countries
  • Market opportunity

PART 07: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 08: MARKET TRENDS

  • Rising focus on increasing battery life
  • Increase in real-time data monitoring for predictive analytics in industries
  • Use of smart wearables for training purpose

PART 09: VENDOR LANDSCAPE

  • Competitive landscape
  • Other prominent vendors

PART 10: KEY VENDOR ANALYSIS

  • Alphabet
  • DAQRI
  • Epson
  • Fujitsu
  • Microsoft
  • Vuzix

PART 11: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>