Accelerating the
Industrial Internet of Things

Industrial Wearables

Industrial Wearables
Industrial Wearables
Industrial Wearables
Industrial Wearables
Industrial Wearables
Industrial Wearables
Industrial Wearables
Industrial Wearables
Industrial Wearables
Feature New Record
DESCRIPTION
Wearable products comprise smart devices equipped with microchips, sensors, and wireless communication capabilities. These devices collect data, track activities, and provide customized experiences to user’s needs and desires.
The adoption of wearables in the workplace will occur both in corporate enterprise environments and in industrial settings such as warehouses, manufacturing shop floors, and field maintenance sites. Wireless sensors detect concentration of the target gas and transmit a proportional signal. Since they can be used in remote or hard-to-reach locations, the demand is expected to remain strong in the coming years.

The growing popularity of mobile networks has been one of the most important factors in the development of wearable technology. Bluetooth headsets, smartwatches, and web-enabled glasses allow people to access data hands-free from Wi-Fi networks. An entire industry devoted to the development of applications that can work with wearable technologies has recently developed, with services being sold or given for free to individuals willing to download applications. These applications cover a broad spectrum: from those focused on health and exercise to sports and maps.

Wearable technologies present a significant opportunity for businesses, both in terms of new markets and data collection. Retailers can ping wearable devices to determine which sections of a store a consumer visits advertisers can target consumers based on location and the nature of the application associated with the device, and information uploaded to a website dedicated to the device can provide marketers with information specific to an individual consumer.

Real-time data and real-time insight fed to an operator who needs it can significantly impact efficiency and safety. Other benefits include ease of installation, cost-effectiveness, and the ability to create a network of sensors. Smart gas sensors can be integrated into portable electronic devices such as smartphones and tablets, which helps enhance overall performance under harsh external conditions.

Key vendors: GE, Google, SAP, XOEye Technologies
MARKET SIZE

The global industrial wearable devices market is expected to grow at a CAGR close to 11% from 2018 to 2022.

Source: Technavio

The market value of industrial wearable devices is projected to exceed US$ 2.6 Billion by 2023, expanding at a CAGR of 9.6% from 2018 to 2023.

Source: Research and Market

The global enterprise wearable market size was valued at over USD 276 million in 2015.

Source: Grandviewresearch

Another Source says, the wearable devices market in the industrial segment will reach USD 6.3 billion by the year 2020.

Source: listaint

NEW USE CASE ALERT
Get notified when a New Use Case is published.