Construction Smart Wearable Market: Industry Analysis and Forecast (2022-2027) by Product, Application, End-Use and Regions

Construction Smart Wearable Market size is volume at 56.5 Mn. Units in 2021 and the total revenue is estimated to grow at 17.5% through 2022 to 2027, reaching nearly 148.69 Mn. Units.

Construction Smart Wearable Market Overview:

A smart wearable for construction workers is a high-tech equipment that improves their safety and efficiency. The construction industry's rapid expansion, combined with considerable investments in new technology, is driving demand for smart wearables. These solutions are a cost-effective and safer method to avoid workplace accidents. The majority of the things are bought to ensure worker safety. To safeguard and keep workers safe, boots, smart watches, vests, and exoskeletons are purchased. Exposits are designed to help people lift big objects with minimal strain on their bodies. Workers can perform the same jobs with less risk thanks to the use of smart wearables. Construction Smart Wearable Market To know about the Research Methodology :- Request Free Sample Report In the residential, commercial, and infrastructure sectors, industrial wearables are frequently used. Civil engineering firms are predicted to invest more in technologically advanced devices as a result of large-scale structural operations and big budgets. The development in commercial structures as industrialization proceeds is another driving reason for demand in this sector. Smart wearables include items like watches, helmets, boots, AR glasses, vests, and exoskeletons. To increase project efficiency and accuracy, civil engineering businesses are investing heavily in cutting-edge technologies and equipment. AR glasses and helmets are the most popular equipment in the market. Improved outcomes in site monitoring, quality checks, measurements, and default analysis are the primary factors boosting demand in this sector.

Construction Smart Wearable Market Dynamics:

The building industry is increasingly adopting new technology. Many construction companies are embracing Industry 4.0 and adding more connected devices on the jobsite, and this is starting to change things. Wearable technology is one of the most fascinating and popular aspects of the digital revolution. Furthermore, the construction smart wearable market is predicted to expand as the need for technologically improved solutions and the need to decrease accidents on construction sites grows. The rigorous regulatory regulations on worker safety imposed by OSHA and other agencies prompted the development of innovative safety solutions. From 2022 to 2027, the construction smart wearable market is expected to develop at a rate of more than 17.5 %, with APAC leading the way. Artificial intelligence has infiltrated almost every business, and infrastructure is no exception. The industry standards have been raised by this innovative technology and its sub-products. The technology has improved site accuracy in terms of measurement, material quality, and production estimations, in addition to detecting falls, location, and health activity. However, premium pricing of some products, as well as a lack of product standards in the international market, may stymie business expansion. In the coming years, joint ventures with industrial safety agencies, as well as price concessions in underdeveloped nations, may result in widespread product deployment. On construction sites, smart, wearable technology may boost productivity, avoid injuries, and keep workers informed about potential hazards and their own health. While only 6% of contractors employed construction wearables onsite in 2018, 83 % of contractors feel that construction wearables would improve on-site safety, according to US Chamber of Commerce research. Wearables from head to toe are the future of jobsite safety. Smart hard helmets, watches, monitors, and boots, as well as augmented reality glasses, exoskeletons, and wearable sensors, improve workplace safety while simultaneously offering essential lines of communication and actionable data collecting for organizations. Wristwear-segment wearables have opened the floodgates for mainstream wearable technology adoption, thanks to activity trackers like Apple, Fitbit, and Jawbone. According to recent forecasts, the wearable tech market will expand from $40.6 billion in 2020 to $100.4 billion in 2027. The construction sector as a whole is poised for broad wearables adoption, having rapidly embraced a wave of new technology (e.g., drones, equipment tagging, and 3D printing, and robotics, virtual and augmented reality). Personal protective equipment is already worn by workers. Furthermore, among all major industries, construction has the poorest worker health and safety statistics. With construction accounting for one in every five worker fatalities in 2019, employers and employees are adopting workplace safety initiatives such as the use of wearable technologies. Wearable gadgets provide a high level of user functionality and are one of the most insightful solutions available to construction companies. Wearables can track a variety of worker health and safety parameters thanks to sensors, GPS, heart-rate monitors, activity trackers, pressure, fall, and gas detection. Companies can utilize this information to better address workplace safety concerns before accidents or injuries occur. Company leaders and field workers may communicate hands-free, follow jobsite movement, and check vital signs using smart watches, which can also record and share electrocardiogram rhythms and oxygen saturation levels. Falls can also be detected by wrist wearables, which can inform on-site and emergency personnel. Boots, helmets, and safety glasses are all being transformed into data-gathering and sharing devices thanks to wearable technology.

Construction Smart Wearable Market Segment Analysis:

Based on Product, the Construction Smart Wearable Market is segmented into Watches, Boots, Helmet, AR Glasses, Bodywear/Vest and Others. Civil engineering firms are investing a lot of money on cutting-edge technology and equipment to improve project efficiency and accuracy. AR glasses and helmets are the industry's most popular goods. The main elements driving demand in this area were improved results in site monitoring, quality checks, measurements, and analyzing defaults. Body wear/vest and exoskeleton are two other important goods that are gaining prominence. Industrial applications account for the majority of these items' use. Based on Application, the Construction Smart Wearable Market is segmented into Residential, Commercial, Industrial and Infrastructure. Commercial construction will dominate the application segment, accounting for more than 35 % of sales by 2027. Civil engineering organizations will be able to invest more in technologically advanced devices thanks to large-scale structural operations and high budgeting. Another element driving demand in this area is the rise of commercial buildings due to rapid industrialization. From 2022 to 2027, industrial applications will grow at the quickest rate. Improved working conditions, improved performance, and long-term profitability are all factors driving this segment's growth. Construction Smart Wearable Market Based on End-Use, the Construction Smart Wearable Market is segmented into Site Monitoring, Worker Safety and Training Programs. The industry's key end-uses include site monitoring and worker safety. The emergence of AR glasses and smart helmets for quality control and measurement were key contributors in the adoption of these end-uses. Another important end-use is training, which is expected to develop significantly between 2022 and 2027. The training program emphasizes visual aids, simulation, and active communication.

Construction Smart Wearable Market Regional Insights:

In 2021, North America dominated the regional category, accounting for more than 30% of total revenue. Increasing safety standards to avoid accidents, as well as technical advancements to improve site predictions and measurements, has boosted regional demand. Another element driving product penetration in the region is a vast supply of items and skilled workers to implement and use these technologically advanced products. From 2021 to 2027, the Asia Pacific Market is expected to grow at a rate of more than 17.9%. Regional demand will be fueled by large-scale structural operations and increased penetration of technologically improved products. In the approaching years, China, South Korea, India, and Singapore will be the major revenue generators. Another important element is the availability of locally manufactured products like helmets, AR glasses, and vests, which will help the industry expand in this area. Because of the quick changes in construction industry rules connected to equipment and industrial safety items for workers, the European market will see significant development. Regional demand will be induced by strict regulatory compliances regarding site and worker safety. The regional demand will be led by Germany, France, the United Kingdom, and Italy. In the future years, the Middle East and Africa are anticipated to see significant growth. The regional demand will be fueled by the wide range of industrial operations and strong investment in worker safety items. The objective of the report is to present a comprehensive analysis of the Construction Smart Wearable market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Construction Smart Wearable market dynamics, structure by analyzing the market segments and project the Construction Smart Wearable market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Construction Smart Wearable market make the report investor’s guide.

Construction Smart Wearable Market Scope: Inquire before buying

Global Construction Smart Wearable Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 56.5 Mn. Units
Forecast Period 2022 to 2027 CAGR: 17.5% Market Size in 2027: US $ 148.69 Mn. Units
Segments Covered: by Product • Watches • Boots • Helmet • AR Glasses • Bodywear/Vest • Others
by Application • Residential • Commercial • Industrial • Infrastructure
by End-Use • Site Monitoring • Worker Safety • Training Programs

Construction Smart Wearable Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Construction Smart Wearable Market Key Players

Eleksen (U.K.)RealWear (U.S.) • Retenua (Sweden) • Behr Tech (Canada) • Qoowear (Italy) • GuardHat (U.S.) • Kinetic (U.S.) • Kenzen (U.S.) • Theatro (India) • Reactec (U.K.) • Modjoul (U.S.) • SolePower (U.S.) • Strong Arm Technologies (U.S.) • Intellinium (France) • DAQRI (U.S.) • Babaali (China) • Forcite Helmet Systems (Australia) • Levitate Technologies, Inc. (U.S.) • Consigli (U.K.) • Vuzix (U.S.) Frequently Asked Questions: 1. What is the forecast period considered for the Construction Smart Wearable market report? Ans. The forecast period for the Construction Smart Wearable market is 2022-2027. 2. What segments are covered in the Construction Smart Wearable Market Report? Ans. The Construction Smart Wearable Market is segmented by Product, Application, End-Use and Regions. 3. What is the compound annual growth rate (CAGR) of the Construction Smart Wearable market for the forecast period? Ans. The Construction Smart Wearables Market is expected to grow at a CAGR of 17.5%. 4. Which is the dominating segment by Product in the Construction Smart Wearable market? Ans. AR Glasses and Helmets are dominating the market. 5. Which country is expected to hold the largest share in Construction Smart Wearable market? Ans. U.S. is expected to dominate the Construction Smart Wearable Market.
1. Construction Smart Wearable Market: Research Methodology 2. Construction Smart Wearable Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Construction Smart Wearable Market 2.1.2. Summary 2.1.3. Key Findings 2.1.4. Recommendations for Investors 2.1.5. Recommendations for Market Leaders 2.1.6. Recommendations for New Market Entry 3. Construction Smart Wearable Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.3. M&A by region 3.4. Key Developments by Companies 3.5. Market Drivers 3.6. Market Restraints 3.7. Market Opportunities 3.8. Market Challenges 3.9. Market Dynamics 3.10. PORTERS Five Forces Analysis 3.11. PESTLE 3.12. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.13. COVID-19 Impact 4. Construction Smart Wearable Market Segmentation 4.1. Construction Smart Wearable Market, by Product (2022-2027) • Watches • Boots • Helmet • AR Glasses • Bodywear/Vest • Others 4.2. Construction Smart Wearable Market, by Application (2022-2027) • Residential • Commercial • Industrial • Infrastructure 4.3. Construction Smart Wearable Market, by End-Use (2022-2027) • Site Monitoring • Worker Safety • Training Programs 5. North America Construction Smart Wearable Market (2022-2027) 5.1. North America Construction Smart Wearable Market, by Product (2022-2027) • Watches • Boots • Helmet • AR Glasses • Bodywear/Vest • Others 5.2. North America Construction Smart Wearable Market, by Application (2022-2027) • Residential • Commercial • Industrial • Infrastructure 5.3. North America Construction Smart Wearable Market, by End-Use (2022-2027) • Site Monitoring • Worker Safety • Training Programs 5.4. North America Construction Smart Wearable Market, by Country (2022-2027) • US • Canada • Mexico 6. European Construction Smart Wearable Market (2022-2027) 6.1. European Construction Smart Wearable Market, by Product (2022-2027) 6.2. European Construction Smart Wearable Market, by Application (2022-2027) 6.3. European Construction Smart Wearable Market, by End-Use (2022-2027) 6.4. European Construction Smart Wearable Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Construction Smart Wearable Market (2022-2027) 7.1. Asia Pacific Construction Smart Wearable Market, by Product (2022-2027) 7.2. Asia Pacific Construction Smart Wearable Market, by Application (2022-2027) 7.3. Asia Pacific Construction Smart Wearable Market, by End-Use (2022-2027) 7.4. Asia Pacific Construction Smart Wearable Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Construction Smart Wearable Market (2022-2027) 8.1. Middle East and Africa Construction Smart Wearable Market, by Product (2022-2027) 8.2. Middle East and Africa Construction Smart Wearable Market, by Application (2022-2027) 8.3. Middle East and Africa Construction Smart Wearable Market, by End-Use (2022-2027) 8.4. Middle East and Africa Construction Smart Wearable Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Construction Smart Wearable Market (2022-2027) 9.1. South America Construction Smart Wearable Market, by Product (2022-2027) 9.2. South America Construction Smart Wearable Market, by Application (2022-2027) 9.3. South America Construction Smart Wearable Market, by End-Use (2022-2027) 9.4. South America Construction Smart Wearable Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Eleksen (U.K.) 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. RealWear (U.S.) 10.3. Retenua (Sweden) 10.4. Behr Tech (Canada) 10.5. Qoowear (Italy) 10.6. GuardHat (U.S.) 10.7. Kinetic (U.S.) 10.8. Kenzen (U.S.) 10.9. Theatro (India) 10.10. Reactec (U.K.) 10.11. Modjoul (U.S.) 10.12. SolePower (U.S.) 10.13. Strong Arm Technologies (U.S.) 10.14. Intellinium (France) 10.15. DAQRI (U.S.) 10.16. Babaali (China) 10.17. Forcite Helmet Systems (Australia) 10.18. Levitate Technologies, Inc. (U.S.) 10.19. Consigli (U.K.) 10.20. Vuzix (U.S.)

About This Report

Report ID 148665
Category Consumer Goods & Services
Published Date May 2022
Updated Date
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