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Global Industrial Wearable Devices Market Research
Report and Outlook By 2023

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

IMARC is a leading advisor on management strategy and market research worldwide. We partner with
clients in all sectors and regions to identify their highest-value opportunities, address their most
critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology organizations.
Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food
and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.

Report Description and Highlights

Report Description

Industrial Wearable Devices Market Report By Product Type (Fitness Tracker, Smart Glasses, Smart
Watch, Wearable Camera and Others), Application (Warehouse Management, Training &
Simulation, Service & Maintenance and Others), End-Use, Region
The global industrial wearable devices market has witnessed a healthy growth over the past several
years. This can be accredited to the various advantages offered by these devices such as real-time data
exchange, reduced error rate and enhanced work efficiency.

Market Overview:
IMARC Group’s latest study, entitled “Industrial Wearable Devices Market: Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global industrial wearable
devices market reached a value of US$ 1.5 Billion in 2017. Wearable devices, also known as wearables,
refer to electronics that can be worn on the body as a part of clothing or as an accessory. The major
advantage offered by these devices is their ability to connect to the internet and facilitate real-time
data exchange. In recent years, the ubiquity of smartphones and internet connectivity has led to the
proliferation of wearable device technology in both the consumer and industrial markets. In the
industrial segment particularly, these devices offer huge opportunities for reducing error rate,
improving work efficiency and enhancing safety of the workers. As a result, these devices are
witnessing rapid uptake in various industry verticals ranging from retail to manufacturing.

Report Description and Highlights

Report Description

Global Industrial Wearable Devices Market Trends:
Wearable devices incorporate various sensors that can track data related to the user's vital signs, fitness
or location. The increasing R&D activities and integration of virtual reality and augmented reality in these
devices have led to their usage in applications ranging from training of new employees to recovering
motor functions during rehabilitation. Keeping this in view, the industry players are introducing wearables
for industry specific applications. For instance, smart glasses are being developed for the healthcare
sector so as to facilitate expert consultation, knowledge sharing and hands-free access to patient
information. Similarly, health monitors are being used by companies for employees who work in
hazardous environments such as mines, construction sites and various manufacturing facilities. Several
companies are also providing fitness monitors as a part of their wellness programs where these monitors
offer insights about the health status of an employee along with customized health advice. This is
expected to enhance productivity and reduce the number of sick days. Looking forward, the market is
projected to expand at a CAGR of 9.6% during 2018-2023, exceeding a value of US$ 2.6 Billion by 2023.

Industrial Wearable Devices Market Segmentation
Market Segmentation by Product Type
Request for a sample report: https://www.imarcgroup.com/request?type=report&id=915&flag=B

Market Forecast

Sample Figure: Global: Industrial Wearable Devices Market Forecast: Sales
Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description
o
o
o
o
o

Fitness Tracker
Smart Glasses
Smart Watch
Wearable Camera
Others

On the basis of product type, smart watches represent the largest segment, accounting for majority of
the total market share. Other segments include smart glasses, fitness tracker and wearable camera.

Market Segmentation by Application





Warehouse Management
Training & Simulation
Service & Maintenance
Others

Based on application, the market has been segregated as training and simulation, warehouse
management, service and maintenance, and others.
For more information, click here: https://www.imarcgroup.com/industrial-wearable-devices-market

Market Segmentation

Report Description
Market Segmentation by Region







North America
Europe
Asia Pacific
Latin America
Middle East and Africa

On a geographical front, North America dominates the market, holding the largest global share. Other
major regions analyzed in the report include Europe, Asia Pacific, Latin America, and Middle East and
Africa.
Market Segmentation by End-Use






Transport & Logistics
Retail
Manufacturing
Healthcare
Others

On the basis of industry, the market has been segmented into transport and logistics, retail,
manufacturing, healthcare and others.

Regional Segmentation

North America
Europe

Asia- Pacific

Latin America

Middle East and
Africa

Market Segmentation

Report Description
Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.


















Apple
Epson
Fujitsu
Google
Microsoft
Vizux
ASUS.
Fitbit
Garmin
Honeywell
Jawbone
Motorola
Nike
Pebble
Samsung
SAP

Market Segmentation

Report Description




Sony
Xiomi
Eurotech

In case you have a very specific customized or specific niche needs, we can work around the scope of
work and assist you with the tailor made solution. The topics covered could be technology, markets,
competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be
supplementing you with the weekly or fortnight reports.

Team Profile

Team Profile
Our Team Comes From Some of the Top Universities Globally.

60% Engineering and Science

5% Others

35% Business Studies

Over 2000 Independent
Consultants from different
sectors.

Average Experience of 7+ Years

A partial List of

We are the trusted business partners to the

Clients
world's
leading corporates, governments, and
ourPartial
ClientsList of
institutions

A partial List of

We are the trusted business partners to the

of Clients
leading corporates, governments, and
ourPartial
ClientsListworld's
institutions

Report Description and Highlights

Report Description

© 2018 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of
International Market Analysis Research and Consulting (IMARC). No part of this publication may be
reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be
used in any form or by and means graphic electronic or mechanical, including photocopying, recording,
taping or by information storage or retrieval, or by any other form, without the express consent of
International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market
Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.

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E-MAIL: sales@imarcgroup.com


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