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

April 25, 2025
Environmental audits should be a core part of your EHS program regardless of whether you choose to pursue ISO 14001 certification.
April 25, 2025
Streamline EHS inspections. Conduct, track, and manage inspections effortlessly with customizable checklists, real-time reporting, and actionable insights.
April 25, 2025
A winning business case is based on the ROI of the project. The essential first step is determining your EHS costs today.
April 25, 2025
The use of QR codes can greatly simplify observation, near miss, and incident reporting and improve the quantity and quality of data. The more safety information that is collected...

Voice your opinion!

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