The Worldwide Industrial Wearables Industry is Expected to Reach $6.1 Billion by 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Industrial Wearables" report has been added to ResearchAndMarkets.com's offering.

The Global Industrial Wearables Market is estimated to be USD 2.0 Bn in 2021 and is expected to reach USD 6.1 Bn by 2026, growing at a CAGR of 25%.

The key factor driving the Global Industrial Wearables Market is many industries are using AR and VR due to increasing interest in adopting and utilizing AR and VR technology. The companies are especially using AR and VR in the production and training domain.

As AR glasses facilitate real-time remote assistance to workers, which helps the industries boost productivity, ensure quality, and improve customer satisfaction, growing requirements for effective communications and a collaborative working environment will fuel the market's growth. Additionally, industries' technological advancement and automation in manufacturing plants will help drive the market's growth.

On the other hand, issues and concerns related to data security and privacy will hamper the market's growth. Furthermore, the lack of skills and expertise required for managing and handling connected devices is a challenge that can negatively affect the market in the future. Moreover, the growing importance of wearables in warehouse solutions, rising industrial trend 4.0, and growing demand for smart manufacturing will create opportunities for the market to grow.

The Global Industrial Wearables Market is segmented based on Device Type, Component Type, Industry Type, and Geography.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Industrial Wearables Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Growing Need for Effective Communication and Working Environment
• Rising Automation and Technological Advancements
• Increasing Enterprise's Interest for AR & VR Technology Usage

Restraints

• Issues Related to Data Security and Privacy

Opportunities

• Rising Smart Manufacturing and Industry 4.0 Trends
• Growing Adoption of Wearables in Warehouse Applications

Challenges

• Lack of Connected Device Management Skills

Companies Mentioned

• Apple, Inc
• Adidas AG
• ASUSTek Computer, Inc
• Blackline Safety Corp
• Fitbit, Inc
• Fossil Group, Inc
• Fujitsu Limited
• Google LLC
• Huawei Technologies Co Ltd
• Honeywell International, Inc
• HTC Corporation
• Kenzen, Inc
• KINETIC
• Magic Leap, Inc
• MakuSafe
• Microsoft Corporation
• Modjoul, Inc
• Nike, Inc
• Oculus VR
• Olympus Corporation
• Optinvent
• Polar Electro Oy
• ProGlove
• Reactec Ltd
• RealWear, Inc
• Samsung Electric Co Ltd
• Sony Group Corporation
• Seiko Epson Corporation
• The Blind Guide
• Valencell, Inc
• Vuzix
• Workerbase GmbH
• Xiaomi Global Community
• ZEPCAM

For more information about this report visit https://www.researchandmarkets.com/r/wzqo6r