Global Industrial Wearables Market Size study, by Type (Smart Watches, Glasses, Headsets and Smart Bands), Component (Sensors, Displays, Connectivity and Others, Industry Vehicle (Manufacturing, Automotive, Aerospace and Defense and Others) and Regional Forecasts 2020-2027

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    22 Feb 2021
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Impact Analysis on the Growth of Market

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Global Industrial Wearables Market is valued approximately at USD 3.79 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.4% over the forecast period 2020-2027. Industrial Wearables are those devices which are developed for human body to improve productivity, safety, and efficiency at their respective workplaces in various sectors like manufacturing, logistics, mining, aerospace & defense through real time information which can be stored on cloud and also be tracked. These wearables comprise of sensors, controllers, and monitoring platform. These devices help the workers to communicate and transmit data through cellular technologies and helps in improving day by day as they can be connected with mobile devices. Further, increasing investment by the manufacturers in AR and VR technology, for Instance: as per the company source, in 2019, Magic Leap collaborated with Sketchfab (US), to to create extended reality (XR) content with javascript for 3D, VR, and AR content, has increased the market share. To improve the efficiency of workers and the advancements in Internet-of-Things, Artificial Intelligence, big data analytics and cloud computing has led the adoption of Industrial Wearables across the forecast period. Also, in 2018, according to the company source, Epson launched Epson Moverio Assist, a remote assistance and inspection solution for the field tasks using Moverio’s smart glasses,which will enable the workers to inspect the solutions without harming themselves. However, high manufacturing costs because of advanced research & development and short life of smart wearable devices impedes the growth of the market over the forecast period of 2020-2027. Also, Opportunity with the investment for Industry 4.0 on interconnectivity, automation, and real-time data, the adoption & demand for Industrial Wearables is likely to increase.

The regional analysis of global Industrial Wearables Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of leading market players in the region, high demand for smart devices coupled with the well-established Information Technology infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising labor productivity consequently rising demand for safety devices, adaptation of digitization along with the government initiatives would create lucrative growth prospects for the Industrial Wearables Market across Asia-Pacific region.

Major market player included in this report are:
Microsoft Corporation
Honeywell International Inc.
Samsung Electronics Co. Ltd.
Seiko Epson Corporation
Fujitsu Ltd.
Sony Corporation
Vuzix Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Smart Watches
Smart Bands

By Component:
By Industry Vehicle:
Aerospace and Defense

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Industrial Wearables Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Industrial Wearables Market, by Region, 2018-2027 (USD Billion)
1.2.2. Industrial Wearables Market, by Type, 2018-2027 (USD Billion)
1.2.3. Industrial Wearables Market, by Component, 2018-2027 (USD Billion)
1.2.4. Industrial Wearables Market, by Industry Vehicle, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Wearables Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Wearables Market Dynamics
3.1. Industrial Wearables Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Industrial Wearables Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Wearables Market, by Type
5.1. Market Snapshot
5.2. Global Industrial Wearables Market by Type, PerIndustry Vehicleance - Potential Analysis
5.3. Global Industrial Wearables Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Industrial Wearables Market, Sub Segment Analysis
5.4.1. Smart Watches
5.4.2. Glasses
5.4.3. Headsets
5.4.4. Smart Bands
Chapter 6. Global Industrial Wearables Market, by Component
6.1. Market Snapshot
6.2. Global Industrial Wearables Market by Component, PerIndustry Vehicleance - Potential Analysis
6.3. Global Industrial Wearables Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
6.4. Industrial Wearables Market, Sub Segment Analysis
6.4.1. Sensors
6.4.2. Displays
6.4.3. Connectivity
6.4.4. Others
Chapter 7. Global Industrial Wearables Market, by Industry Vehicle
7.1. Market Snapshot
7.2. Global Industrial Wearables Market by Industry Vehicle, PerIndustry Vehicleance - Potential Analysis
7.3. Global Industrial Wearables Market Estimates & Forecasts by Industry Vehicle 2017-2027 (USD Billion)
7.4. Industrial Wearables Market, Sub Segment Analysis
7.4.1. Manufacturing
7.4.2. Automotive
7.4.3. Aerospace and Defense
7.4.4. Others
Chapter 8. Global Industrial Wearables Market, Regional Analysis
8.1. Industrial Wearables Market, Regional Market Snapshot
8.2. North America Industrial Wearables Market
8.2.1. U.S. Industrial Wearables Market Type breakdown estimates & forecasts, 2017-2027 Component breakdown estimates & forecasts, 2017-2027 Industry Vehicle breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Industrial Wearables Market
8.3. Europe Industrial Wearables Market Snapshot
8.3.1. U.K. Industrial Wearables Market
8.3.2. Germany Industrial Wearables Market
8.3.3. France Industrial Wearables Market
8.3.4. Spain Industrial Wearables Market
8.3.5. Italy Industrial Wearables Market
8.3.6. Rest of Europe Industrial Wearables Market
8.4. Asia-Pacific Industrial Wearables Market Snapshot
8.4.1. China Industrial Wearables Market
8.4.2. India Industrial Wearables Market
8.4.3. Japan Industrial Wearables Market
8.4.4. Australia Industrial Wearables Market
8.4.5. South Korea Industrial Wearables Market
8.4.6. Rest of Asia Pacific Industrial Wearables Market
8.5. Latin America Industrial Wearables Market Snapshot
8.5.1. Brazil Industrial Wearables Market
8.5.2. Mexico Industrial Wearables Market
8.6. Rest of The World Industrial Wearables Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Microsoft Corporation Key InIndustry Vehicleation Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Honeywell International Inc.
9.2.3. Samsung Electronics Co. Ltd.
9.2.4. Seiko Epson Corporation
9.2.5. Fujitsu Ltd.
9.2.6. IMEC
9.2.7. RealWear
9.2.8. Sony Corporation
9.2.9. Vuzix Corporation
9.2.10. Proglove
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Microsoft Corporation
Honeywell International Inc.
Samsung Electronics Co. Ltd.
Seiko Epson Corporation
Fujitsu Ltd.
Sony Corporation
Vuzix Corporation

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