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USD 1.86 Bn growth in Internet of Things (IoT) Enabled Industrial Wearables Market | Ekso Bionics Holdings Inc., EUROTECH Spa & Fujitsu General Ltd. emerge as dominant players | Technavio – Salamanca Press

Internet of Things

NEW YORK, Nov. 16, 2021 /PRNewswire/ — Technavio’s latest offering, Internet of Things (IoT) Enabled Industrial Wearables Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.

The internet of things (IoT) enabled industrial wearables market is estimated to grow by USD 1.96 billion between 2020 and 2025. However, the growth momentum is expected to decelerate at a CAGR of almost 27% during the forecast period.

Market Dynamics

The market is driven by factors such as the rise in digitization and automation within industries and the emergence of Industry 4.0. But the high cost of wearable devices and technology will be hindering the market growth.

The growing adoption of smart sensors will offer several growth opportunities for market players. On the other hand, the rising cyber security issues will reduce the growth potential.

Company Profiles

The internet of things (IoT) enabled industrial wearables market report provides complete insights on key vendors including Ekso Bionics Holdings Inc., EUROTECH Spa, Fujitsu General Ltd., Generalscan Electronics Co. Ltd., Honeywell International Inc., Intellinium, Microsoft Corp., RealWear Inc., Seiko Epson Corp., and Vuzix Corp.

Competitive Analysis

The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. 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.

Market Segmentation

  • By Product, the market is classified into hand-worn wearables, head-mounted wearables, and smart eyewear.
  • By Geography, the market is classified as North America, Europe, APAC, South America, and MEA.

The hand-worn wearables segment generated maximum revenue in the market in 2020. The market growth in the segment will be significant during the forecast period, By geography, North America will have the largest share of the market. The region currently holds 42% of the global market share. The US is the key market for the internet of things (IoT) enabled industrial wearables market in North America. The market growth in North America will be faster than the growth of the market in other regions.

Related Reports:

Global Internet of Things Market – Global internet of things market is segmented by end-user (industrial, retail, healthcare, ICT, and others) and geography (APAC, North America, Europe, MEA, and South America).

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Global IoT Platform Market – Global IoT platform market is segmented by end-user (manufacturing, retail, healthcare, ICT, and others) and geography (North America, Europe, APAC, MEA, and South America).

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Internet of Things (IoT) Enabled Industrial Wearables Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of almost 27%

Market growth 2021-2025

USD 1.96 billion

Market structure

Fragmented

YoY growth (%)

34.78

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 42%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ekso Bionics Holdings Inc., EUROTECH Spa, Fujitsu General Ltd., Generalscan Electronics Co. Ltd., Honeywell International Inc., Intellinium, Microsoft Corp., RealWear Inc., Seiko Epson Corp., and Vuzix Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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SOURCE Technavio

Source: https://www.salamancapress.com/news/state/usd-1-86-bn-growth-in-internet-of-things-iot-enabled-industrial-wearables-market-ekso/article_b32d96da-51bd-5989-b408-1dda5a329913.html

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