Press release
Smart Personal Protective Equipment (PPE) Market: Projection of Each Major Segment over the Forecast Period 2030
The global smart personal protective equipment (PPE) market was valued at US$ ~2.9 Bn in 2019 and is projected to grow at a value CAGR of more than 15% during the forecast period 2019-2029.The smart PPE manufacturers are focusing on integrating digital technologies into the personal protective devices by installing smart sensors, using nanotechnology and intelligent materials to enhance the safety function in order to ensure people’s protection and physical comfort. Owing to the emergence of innovative, high quality and cost-effective products, manufacturers are constantly focusing on research and development activities to develop new products that can be used in multiple end-use industries.
On the back of these factors, manufacturers are adopting innovative strategies to increase their customer base which is driving the growth of Smart Personal Protective Equipment (PPE) Market. Owing to the multiple advantages of smart PPE devices, coupled with rapid digital advancements is foreseen to auger well over the forecast period, reveals Fact.MR.
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Key Takeaways of Smart Personal Protective Equipment (PPE) Market
The global smart protective equipment market is estimated to create an absolute $ opportunity of US$ ~8.9 Bn and is anticipated to expand 4X from 2019 through 2029
North America will remain the most prominent region across the projection period, accounting for more than 35% share of the global market during the forecast period 2019-2029
Multifunctional protective clothing is projected to exhibit market dominance with nearly 40% of the total market share
Firefighting Industry is anticipated to create maximum demand for smart personal protective equipment as manufacturers are integrating ICT services with smart PPE to prevent accidents
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“The global smart personal protective equipment market is primarily driven by government initiatives about safety at the workplace. With stiff competition, the leading players are paving the way for product innovation to retain their position in the market.” says a Fact.MR analyst.
Product Innovation to Remain Key Strategy in Smart Personal Protective Equipment (PPE) Market
The Smart Personal Protective Equipment (PPE) Market is moderately fragmented with several players occupying market share. Some of the prominent players in Smart Personal Protective Equipment (PPE) Market are 3M Co., Baker Hughes, a GE Co. LLC, Honeywell International Inc., MSA Safety, uvex Group, Vuzix Corp., Dragerwerk AG, DAQRI, Human Condition Safety, Intellinium, Seebo, among others. Smart Personal Protective Equipment (PPE) Market is highly competitive and leading industry players are introducing new products to gain a competitive edge over other players in the market. For instance,
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In 2019, uvex launched its 2 trend safety shoe range which can be used in assembly hall and production line and is suitable for medium applications such as metal works, maintenance and logistics
In 2018, 3M introduced Peltor X Series Ear Muffs. The product is designed to meet the needs of industrial applications by providing moderate to high level of attenuation
About Industrial Goods Domain of FactMR@ https://www.factmr.com/category/7/industrial-goods
The Industrial Goods team at FactMR provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry Innovation is creating a heap of growth opportunities for businesses in the industrial goods sector. Changing global demands often translate into business complexities, but also make room for the entry and establishment of new markets. While product customization remains at the forefront in terms of B2B consumer demand, industrial goods manufacturers are focusing more on creating innovative supply chains and swifter product cycles.
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