Tzido/istock/Getty Images Plus
Body technology

Industrial Wearables Market to Grow to $2.78 Billion by 2024

July 11, 2019
Latest report details factors contributing to the growth of safety technology.

The industrial wearable device market value is projected to grow to $2.78 billion by 2024 as employers increasingly begin to utilize data and analytics to reduce costs and prevent injuries.

A new research report published by ResearchAndMarkets.com explores the drivers contributing to the growth of wearable technology.

The report, titled "Industrial Wearable Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024," states that the market value is expected to expand at a compound annual growth rate (CAGR) of 9.2% from 2019 to 2024. The global industrial wearable devices market topped $1.64 billion in 2018.

Electronic features are allowing companies to monitor and increase workplace productivity, safety and efficiency, particularly in the manufacturing, healthcare and other industries. Employers are capable of collecting data, tracking activities, and providing customized experiences depending on needs and desires.

In particular, the report examines improvements in bio-sensing to monitor health parameters such as body temperature, heart rate and blood oxygen levels. Employers can use these data to complement welfare programs and reduce healthcare costs.

Factors leading to the adoption of wearable technology include portability, convenience, operational efficiency, among others. Industrial wearable devices can be used for real time data monitoring, workforce authentication, field management, corporate wellness and mobile workforce management.

About the Author

Stefanie Valentic

Stefanie Valentic was formerly managing editor of EHS Today, and is currently editorial director of Waste360.

Sponsored Recommendations

Ensuring a Safer Workplace through a Comprehensive Contractor Qualification Framework

March 13, 2025
Avetta is a leader in contractor management, and with over 15 years of industry experience, we can help you establish a robust contractor pre-qualification program that aligns...

EQT Private Equity to Acquire Avetta from WCAS

March 13, 2025
EQT commits to supporting Avetta in its ongoing growth and innovation journey.

What is the difference between Tier 1, 2, and 3 suppliers and why do they matter?

March 13, 2025
From raw materials to final products, each supplier tier poses risks and liabilities that can impact your organization. Avetta's supply chain management software offers peace ...

3 Surprising Ways Contractors & Suppliers in APAC Impact Your Bottom Line

March 13, 2025
What would happen if your suppliers were sued, went bankrupt, or became entangled in criminal activity?

Voice your opinion!

To join the conversation, and become an exclusive member of EHS Today, create an account today!