NEW YORK, June 10, 2022 /PRNewswire/ — The Internet of Things (IoT) Enabled Industrial Wearables Market size is expected to grow by USD 1.96 billionat a CAGR of 26.82% during the forecast period, according to Technavio. The report extensively covers the internet of things (IoT) enabled industrial wearables market segmentation by product (hand-worn wearables, head-mounted wearables, and smart eyewear) and geography (North America, EuropeAPAC, South Americaand MEA). The report offers an up-to-date analysis and to know the exact growth variance and the YOY growth rate Request Sample Report.
The expansion of the internet of things (IoT) enabled industrial wearables market is being fueled by an increase in digitization and automation within industries. The market for internet of things (IoT) enabled industrial wearables is growing due to a growing focus on increasing battery life. The high cost of wearable devices and technology is a major impediment to the growth of the IoT-enabled industrial wearables market.
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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.
- Microsoft Corp.
- RealWear Inc.
- Seiko Epson Corp.
- Vuzix Corp.
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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.
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- 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, EuropeAPAC, South Americaand 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.
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