Consumer Goods

Global Industrial Wearable Devices Market 2015-2019

  • TEC367256
  • 82 Pages
  • December 2015
  • Consumer Goods
Market analysis of industrial wearable devices

Technavios market research analyst predicts the global industrial wearable devices market to reach a market value of around USD 5 billion by the end of 2019. The increase in employee welfare programs in companies is driving the growth of this market. Companies use wearables to track employees' health. The activity data gathered from wearables like Fitbit wristbands is then tied into health insurance policy premiums or other incentive programs to reduce the companys healthcare costs. For instance, during 2015 more than 24,500 Fitbit fitness trackers were distributed among the staff of British Petroleum in North America as a part of its incentive program.

The operational efficiencies associated with wearable devices is also driving the growth of this market. Wearable devices used in the logistics sector helps in tracking of goods and provides estimated time frames for delivery to the managers. For instance, in Amazon, the sourcing personnel who work in warehouses wear GPS tags and have a handheld scanner. These devices tell the workers the most efficient route to take to collect an item for delivery.

Product segmentation and analysis of the industrial wearable devices market
Smart glass
Smartwatch
Fitness tracker
Wearable camera

Fitness trackers dominated the market during 2014 with a market share of around 79% and is expected to reach a market value of USD 587 million by the end of 2019. Fitness trackers are used for employees wellness programs in enterprises. Fitness tracker monitors metrics such as heart beat, quality of sleep, and distance walked along with other factors. These devices are synced to the computer or smartphone to track this data.

Geographical segmentation and analysis of the industrial wearable devices market
APAC
Europe
North America
ROW

North America accounted for the largest market share of around 41% during 2014. The report predicts this region to maintain its market dominance until the end of 2019, with a market value of USD 3,123 million. The rising awareness among the industries towards wearable computing technology has raised its adoption rate in this region. The US and Canada are the market leaders in this region.

Competitive landscape and key vendors
The global industrial wearable devices market is dominated by international vendors. The competition in the market is expected to intensify during the forecast period, with an increase in product/service extensions, innovations in technology, and mergers. International players are anticipated to grow inorganically during the forecast period by acquiring regional or local players.

The key vendors in the market are
Apple
Epson
Fujitsu
Google
Microsoft
Vizux

Other vendors in the market include ASUS, Fitbit, Garmin, Honeywell, Jawbone, Motorola, Nike, Pebble, Samsung, SAP, Sony, and Eurotech.

Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global industrial wearable devices market?
What are the key market trends impacting the growth of the global industrial wearable devices market?
What are the challenges to market growth?
Who are the key vendors in the industrial wearable devices market?
What are the market opportunities and threats faced by the vendors in the industrial wearable devices market?
Trending factors influencing the market shares of APAC, Europe, North America, and ROW?
What are the key outcomes of the five forces analysis of the global industrial wearable devices market?

Technavio also offers customization on reports based on specific client requirement.

Related reports
Global Smart Wearable Lifestyle Devices and Services Market 2015-2019
Global Smart Wearable Entertainment Devices and Services Market 2015-2019
Global Smart Wearable Healthcare Devices and Services Market 2015-2019
Wearable Electronics Market in the US 2015-2019
Global Wearable Electronics Market 2015-2019

Please Select Format

Enquiry About Report

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

Universal Serial Bus Battery Charger Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015- 2024

Universal serial bus also known as USB were introduced in 1990’s it defines cables, connectors, and communication protocol used in bus for connection, communication, and power supplies between computers and ...

March 2017  |   Price:$ 7695    | Pre Book Price:$ 7695

Read More >>

Air Purifier Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Air purifier devices are used in removing the contaminants from the air either in closed rooms or in open areas depending on the range and extent of diffusion of the ...

March 2017  |   Price:$ 7695    | Pre Book Price:$ 7695

Read More >>

Global Mobility Scooter Market - Strategic Assessment and Forecast Till 2021

Mobility Scooter Market - Report Highlights The Worldwide Mobility Scooter market research report covers the present scenario and the growth prospects of the Worldwide Mobility Scooter Market for the period 2015 ...

July 2017  |   Price:$ 2995    | Pre Book Price:$ 2995

Read More >>

Global Vape Market (e-Cigarette and Vaporizer) - Strategic Assessment and Forecast Till 2021

Vape Market (e-Cigarette and Vaporizer) Market - Report Insights A vape product or broadly known as e-cigarette, electronic cigarette, and vaporizer is a battery operated device and has been reckoned as ...

July 2017  |   Price:$ 2995    | Pre Book Price:$ 2995

Read More >>

World Skin Care - Market Opportunities and Forecasts, 2014 - 2020

Cosmetics industry has experienced exponential rise since past few years. Skin care is considered the most profitable category of cosmetics industry. Both men and women use skin care products such ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Global Digital Devices Technologies Market (Products, Geography, Software and Hardware) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020

Digital devices technologies market for living room provides products that use varied technologies to give enhanced digital output for consumer products such as television home theatre etc. The global home ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

2017 © Copyright Big Market Research

View Pricing >>