1. Market Research
  2. > Consumer Electronics Market Trends

Global Industrial Wearable Devices Market 2015-2019

  • December 2015
  • 82 pages
  • Infiniti Research Limited
Report ID: 3471813

Summary

Table of Contents

Search Inside

Market analysis of industrial wearable devices

Technavio’s 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 company’s 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

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Power Bank Market by Capacity Range, Number of USB Port, Energy Source, Battery Type, Application, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Power Bank market to exhibit a high growth between 2017 and 2022” The power bank market is expected to grow at a CAGR of 21.22% between 2017 and 2022 and is likely to be valued at USD 25.16 billion ...

Flexible Display Market by Application, Technology, Panel Size, and Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Technological advancements and development of energy-efficient, attractive, and high-specification products is expected to fuel the growth of the flexible display market.” The flexible display market ...

Hearable Devices Market by Product, Headphone, and Hearing Aids, Technology, Application, and Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • July 2017
  • by MarketsandMarkets

“Hearable Devices market is projected to grow at a CAGR of 9.98% between 2017 and 2023” The hearable devices market has entered the growth phase and is expected to grow further in the coming years. ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.