Latest News- Internet Of Things (IoT) Enabled Industrial Wearables Market: Hand-worn wearables is expected to lead the Product segment during 2025-2029

The Internet Of Things (IoT) Enabled Industrial Wearables Market is being driven by Rise in digitalization and automation within industries

The Internet Of Things (IoT) Enabled Industrial Wearables Market is expected to grow at a CAGR of 69% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 42816.5 million. In the context of the IoT-enabled industrial wearables market, the challenge of battery life is a significant concern. The integration of heavy equipment into wearable devices necessitates the use of larger batteries, which in turn compromises the overall quality of the battery. This issue is particularly pertinent in industries that rely heavily on wearable devices to collect large volumes of data and maintain extended operating periods. To mitigate this challenge, some companies are innovating to extend battery life by adopting low-power consumption technologies, such as Bluetooth 5.0, and implementing system-level and circuit-level enhancements. These advancements enable power consumption to be reduced to minimal levels, making energy harvesting a viable solution to power wearables effectively. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Hand-worn wearables
  • Head-mounted wearables
  • Smart eyewear
• End-user
  • Automotive
  • Manufacturing
  • Aerospace
  • Others
• Connectivity
  • Bluetooth
  • Wi-Fi
  • Cellular networks
  • NFC
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in digitalization and automation within industries
• Emergence of Industry 4.0
• Growing adoption of smart sensors

However, the market also witnesses some limitations, which are as follows:

• High cost of wearable devices and technology
• Rising cybersecurity issues
• Increasing employee apprehension in using smart wearables

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Market Scope in Internet Of Things (IoT) Enabled Industrial Wearables Market Research Report

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Research Analysis Overview

The Internet of Things (IoT) market for industrial wearables encompasses various types of wearable technology, including Smart Eyewear and Head-mounted Wearables, Hand-worn Wearables, and Portable Wearables. These technologies find applications in diverse industries such as Medical, Manufacturing, Energy, and Logistics. Key components include Cases and Frames, Connectivity Components, Touchpads and Sensors, Camera, and sensors. Industrial wearables leverage Technology like data analytics and predictive maintenance solutions to enhance productivity and efficiency in industries like Healthcare, Construction, and the Energy sector. The Manufacturing Industry, in particular, benefits from Industry 4.0 integration, enabling real-time monitoring and predictive maintenance.

Market Research Overview

The Internet of Things (IoT) enabled Industrial Wearables Market is a segment of Technavio's global Technology Hardware, Storage, and Peripherals Market, which encompasses manufacturers of cellular phones, personal computers, servers, electronic components, and peripherals. This market is further categorized into Smart Eyewear, Head-mounted Wearables, Hand-worn Wearables, and Portable Wearables. The Global Technology Hardware, Storage, and Peripherals Market size is determined by the revenue generated from the sales of hardware devices, equipment, and components. Key growth drivers for this market include the increasing volume, velocity, veracity, and variety (4Vs) of data, necessitating advanced data storage solutions. The proliferation of IoT devices in industries, particularly in the medical sector, is further fueling market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/