Industrial Wearable Market Expecting Huge Growth During 2020-2027 Focusing On Leading Players Like Blackline Safety Corp.,Kenzen, Inc.,Kinetic,MaKusafe

The industrial wearable market was valued US$ 2.89 Bn in 2019 and is expected to grow at a CAGR of 15.0% from 2020 to 2027 to reach US$ 8.63 Bn by 2027.

Industrial wearables are functional tools designed to improve the productivity, safety, and efficiency of the businesses in sectors such as manufacturing, logistics, healthcare, lifestyle, etc. These devices are composed of highly sophisticated electronic components that collect data, track activities, and provide customized experiences according to the needs and desires of the users. Also, they are geared towards helping a worker perform the assigned task at hand more efficiently and reducing work-related accidents.

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Besides, industrial wearable devices are gaining rapid prevalence because of their numerous advantages, such as portability, convenience, operating efficiency, etc. Also, improving the bio-sensing technology in these devices helps to measure health parameters such as body temperature, heart rate, and levels of blood oxygen. Company’s further use these parameters to track the employees’ health and are linked to their employee welfare programs, thereby reducing the healthcare costs. Common market challenges include power consumption management on devices with limited battery space and long operating requirements.

The form factor also presents challenges related to communication. Wearables have to communicate data audibly, through light indicators, or a small screen, which might lead to miscommunication. The user must receive concise, actionable intelligence in a manner that can be easily interpreted. Given the limited interface options, meeting the accessibility requirements for wearables is a critical issue. Visual interfaces are complicated because of variable lighting conditions, and voice interfaces on wearable devices may fail because of vocal accents or speech impairment.

The report segments the global drain cleaning equipment market as follows:

Global Industrial Wearable Market – By Product

• AR Glasses
• VR Headsets
• Smartwatches and Smart Bands
• Patches

Global Industrial Wearable Market – By Component

• Processors & Memory Modules
• Optical Systems & Display
• Electromechanical Components
• Connectivity Components
• Camera Modules

Global Industrial Wearable Market – By End-user Industry

• Automotive
• Aerospace
• Manufacturing
• Oil & Gas
• Energy & Power

North America includes developed economies, including the United States, Canada, and Mexico. The significant share of this region is mainly due to high customer awareness and greater acceptance of innovative wearable technologies in this region. The presence of developed internet infrastructure and key established wearable devices market players and start-ups also support the more significant proliferation of industrial wearable devices in North America.

Top Key Players:-

1. Blackline Safety Corp.
2. Fatigue Science
3. Kenzen, Inc.
4. KINETIC
5. M?kuSafe
6. Modjoul, Inc.
7. PROGLOVE
8. Reactec Ltd.
9. Valencell Inc
10. Vuzix Corporation

The industrial wearable devices are increasingly being used in high-risk environments, such as mining operations, oil and gas recovery, and construction sites, among others. In addition, the increasing technological advances in these tools, such as bio-sensing, have allowed workers/employees to monitor health conditions like blood oxygen levels, body temperature, and heart rate. The industrial wearable devices are also employed for real-time data monitoring, field management, corporate wellness, mobile workforce management, and authentication.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.

This release was published on openPR.