The analysts forecast global industrial wearable devices market to grow at a CAGR of 10.52% during the period 2018-2022. One trend in the market is patenting of technology.
There are several vendors in the market for industrial wearable devices.
These vendors are beginning to patent their technological discoveries about industrial wearable devices. One of the signs of technology maturing is the number of patents granted in the field.
There are several vendors for industrial wearable devices that have filed patents for their product.
Major key players in the global industrial wearable devices market: Epson, Vuzix, Eurotech, Generalscan, Honeywell, Shenzhen Unique Electronic International, Zebra.
According to the industrial wearable devices market report, one driver in the market is augmented growth of IoT. There is a growing need to remain connected.
This has led to an increase in demand for more connected products. IoT is one such avenue that captures data from the surrounding stimuli and ensures that various products are connected.
IoT and smart products have created revolutionizing expectations about data and connectivity while opening new channels of business value. One such channel is the creation of industrial wearables.
Further, the industrial wearable devices market report states that one challenge in the market is high cost of wearable devices. The market for industrial wearables is at the innovation stage, which is characterized by low sales and low consumer adoption.
However, by the end of the forecast period, industrial wearables will witness increased adoption in various industrial applications. One factor that would hinder the growth of the market is the high cost of these wearables.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Report at www.reportsnreports.com/.aspx?name=1317637.
Few Points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Global wearable devices market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global Market size and forecast 2017-2022 ($ mn)
Exhibit 9: Global Year-over-year growth 2018-2022 (%)
Exhibit 10: Global Unit shipments and forecast 2017-2022 (thousands of units)
Exhibit 11: Global Year-over-year growth 2018-2022 (%)
Exhibit 12: Five forces analysis 2017
Exhibit 13: Five forces analysis 2022
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 17: Threat of substitutes
Exhibit 18: Threat of rivalry
Exhibit 19: Market condition - Five forces 2017
Exhibit 20: Application Market share 2017-2022 (%)