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AI is Redefining the Landscape of the Internet of Things Enabled Industrial Wearables Market, Projected to Grow by USD 20.56 Billion from 2024 to 2028

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NEW YORK, Oct. 14, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global internet of things enabled industrial wearables market size is estimated to grow by USD 20563.1 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 57.2%  during the forecast period. Rise in digitalization and automation within industries is driving market growth, with a trend towards rising focus on increasing battery life. However, high cost of wearable devices and technology  poses a challenge. Key market players include ASUSTeK Computer Inc., EUROTECH Spa, Fujitsu General Ltd., Generalscan, Hitachi Ltd., Honeywell International Inc., Intellinium, Iristick NV, Magic Leap Inc., Microsoft Corp., Optinvent, RealWear Inc., Samsung Electronics Co. Ltd., SAP SE, Seiko Epson Corp., ThirdEye Gen Inc., Vuzix Corp., WESTUNITIS Co. Ltd., Workaround GmbH, and WORKERBASE GmbH.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Internet Of Things Enabled Industrial Wearables Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 57.2%

Market growth 2024-2028

USD 20563.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

39.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key countries

US, China, Germany, UK, and Japan

Key companies profiled

ASUSTeK Computer Inc., EUROTECH Spa, Fujitsu General Ltd., Generalscan, Hitachi Ltd., Honeywell International Inc., Intellinium, Iristick NV, Magic Leap Inc., Microsoft Corp., Optinvent, RealWear Inc., Samsung Electronics Co. Ltd., SAP SE, Seiko Epson Corp., ThirdEye Gen Inc., Vuzix Corp., WESTUNITIS Co. Ltd., Workaround GmbH, and WORKERBASE GmbH

Market Driver

In the IoT enabled industrial wearables market, battery life has emerged as a significant challenge. The integration of heavy equipment in wearables reduces battery quality due to the considerable space batteries occupy. This issue is particularly pressing in industries that collect large amounts of data and require extended operating periods. To address this concern, vendors are focusing on low-power consumption technologies like Bluetooth 5.0 and innovative system-level and circuit-level designs to minimize power consumption. Additionally, some vendors are developing battery-free IoT wearables, such as those using flexible, printable batteries. For instance, researchers at the University of Manchester have created textile-based batteries using a simple screen-printing technique. Advancements in power harvesting technologies are also helping to resolve battery limitations in resource-intensive sectors like mining and petroleum. These benefits are driving the adoption of IoT wearables across manufacturing industries, contributing to revenue growth in the global market.

The Industrial Wearables market is witnessing significant growth due to the integration of Internet of Things (IoT) technology. Key trends include battery life and power harvesting for extended usage, network connectivity for real-time data transfer, and high cost due to advanced sensors and technology. Staff shortages drive the need for these solutions, especially in industries like Healthcare, Construction, and Manufacturing, which are embracing Industry 4.0 and Predictive maintenance solutions. Wearables like smart glasses, helmets, and biometric sensors, including RFID tags, are transforming logistics and automation. Technology firms, wearable device manufacturers, and industrial solution providers collaborate to develop wireless communication protocols and cloud computing infrastructure for performance optimization. Biometric feedback devices, body-worn sensors, and smart eyewear are revolutionizing industries, with hand-worn wearables and portable wearables also gaining popularity. The Energy Industry is also adopting these technologies for monitoring and optimization. Cases and frames, connectivity components, touchpads and sensors, cameras, and Bluetooth 5 are essential components of these advanced wearables.

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Market Challenges

The cost remains a significant barrier to the adoption of IoT-enabled industrial wearables due to their inherent complexity and the need for additional infrastructure. Industrial wearables are more complex than consumer devices, leading to higher costs for software development and networking solutions. Complexity accounts for 70-80% of the total production cost of industrial wearable software. Furthermore, the use of advanced technologies like AR or VR adds to the expense. While consumer wearable prices have decreased, the high cost of IoT industrial wearables may limit their adoption among budget-conscious end-users throughout the forecast period.The Industrial Wearables market, driven by IoT technology, is experiencing significant growth in industries like Healthcare, Construction, and Manufacturing. However, challenges persist. Battery life and power harvesting are key concerns, requiring advancements in technology. Network connectivity and high cost are also obstacles. Staff shortages push for solutions that are easy to use and maintain. Sensors, data analytics, and predictive maintenance solutions are essential. Logistics and healthcare industries benefit from biometric sensors and RFID tags. Technology firms, wearable device manufacturers, and industrial solution providers collaborate to address these challenges. Wireless communication protocols like Bluetooth 5 and cloud computing infrastructure optimize performance. Cases and frames, connectivity components, touchpads, sensors, cameras, and biometric feedback devices are crucial components. Hand-worn, head-mounted, and portable wearables, including smart glasses, helmets, and biometric sensors, are transforming industries through automation and digitization.

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Segment Overview 

This internet of things enabled industrial wearables market report extensively covers market segmentation by

Product 1.1 Hand-worn wearables1.2 Head-mounted wearables1.3 Smart eyewearEnd-user 2.1 Automotive2.2 Manufacturing2.3 Aerospace2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Hand-worn wearables-  The Internet of Things (IoT) enabled industrial wearables market is experiencing significant growth. Companies are integrating IoT technology into workwear to enhance productivity and safety. Wearables like smart helmets, gloves, and vests provide real-time data on worker health, equipment performance, and environmental conditions. This data enables predictive maintenance, improves efficiency, and ensures regulatory compliance. The market is expected to continue expanding as more industries adopt IoT technology.

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Research Analysis

The Internet of Things (IoT) enabled industrial wearables market is experiencing significant growth due to the integration of advanced technology in traditional workwear. These wearables, including smart eyewear, head-mounted wearables, hand-worn wearables, and portable wearables, are revolutionizing industries such as the Medical, Manufacturing, Energy, and Construction sectors. Equipped with sensors, connectivity components, touchpads, and cameras, these wearables enable real-time data collection and analysis, enhancing productivity and safety. In the Medical Industry, IoT wearables are used for remote patient monitoring and telemedicine. In Manufacturing and Energy Industries, predictive maintenance solutions are employed for equipment monitoring and maintenance scheduling. Cases and frames protect these wearables from damage, while connectivity and data analytics enable seamless integration with industrial systems. The Logistics Industry benefits from real-time tracking and inventory management, while Healthcare professionals use these wearables for hands-free access to patient information. Industry 4.0’s focus on smart factories and digital transformation is further fueling the demand for IoT industrial wearables. With continued innovation and technological advancements, the future of industrial wearables looks promising.

Market Research Overview

The Internet of Things (IoT) enabled Industrial Wearables market is experiencing significant growth due to the increasing demand for automation, digitization, and data analytics in various industries such as the Medical, Manufacturing, Energy, and Construction sectors. Industrial wearables include Smart Eyewear like smart glasses and helmets, Hand-worn Wearables, Portable Wearables, and Head-mounted Wearables. These devices incorporate advanced features like touchpads and sensors, camera, Bluetooth 5, and RFID tags. Industrial wearables are being adopted in the Medical Industry for remote patient monitoring, in the Manufacturing Industry for predictive maintenance solutions, and in the Energy Industry for monitoring and optimizing energy usage. Cases and frames, connectivity components, and battery life are critical factors influencing the market’s growth. Power harvesting and network connectivity are essential for extending battery life and ensuring seamless communication. However, high costs, limited battery life, and staff shortages are challenges hindering the market’s growth. Technology firms, wearable device manufacturers, and industrial solution providers are collaborating to develop advanced wearables with biometric feedback devices and body-worn sensors. Wireless communication protocols, cloud computing infrastructure, and performance optimization are essential for ensuring seamless data transfer and analysis. Industry 4.0 and the adoption of IoT technologies are driving the demand for industrial wearables in logistics, healthcare, and other industries. Predictive maintenance solutions, smart glasses, smart helmets, and biometric sensors are revolutionizing the way industries operate and are expected to continue driving the growth of the Industrial Wearables market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductHand-worn WearablesHead-mounted WearablesSmart EyewearEnd-userAutomotiveManufacturingAerospaceOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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VOLTME Wins 2024-2025 Global Emerging Brand Shines at CES 2025

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LAS VEGAS, Jan. 14, 2025 /PRNewswire/ — VOLTME, the flagship brand of Voltnex Innovations and a global leader in power solutions, has been honored with the 2024-2025 Global Emerging Brand Award for its revolutionary products – the VOLTME Revo 240 PD3.1 GaN Desktop Charger and the Hako Series Portable Power Station – during the CES 2025. These prestigious accolades underscore VOLTME’s excellence in innovation, design, and technology and its growing influence in the global consumer electronics industry.

Innovation Driving Industry Leadership

As a trailblazer in advanced power solutions, VOLTME has earned widespread recognition for its cutting-edge products and global impact. Winning the Global Emerging Brand Award affirms VOLTME’s dedication to advancing consumer electronics. Its diverse portfolio, which spans from ultrathin power banks to high-powered GaN chargers, caters to the modern demand for convenience and efficiency in charging. VOLTME’s relentless innovation has firmly established it as a leader in power management solutions.

“We are deeply honored to receive the Global Emerging Brand Award during the CES 2025,” said Tommy Tse, COO of VOLTME. “This recognition reflects our unwavering commitment to delivering cutting-edge technology and exceptional user experiences.”

Breakthrough Innovations in Mobile Charging

VOLTME Revo 240 PD3.1 GaN Desktop Charger
Harnessing advanced Gallium Nitride (GaN) technology, the Revo 240 delivers up to 240W of power and supports PD3.1 and QC fast-charging protocols. Its compact design and superior energy efficiency make it ideal for safely and quickly powering laptops, tablets, and smartphones. A reliable choice for frequent travelers and high-demand users, the Revo 240 exemplifies robust and portable charging excellence.VOLTME Hako Series Portable Power Station
The Hako Series combines high-capacity battery performance with intelligent power management, offering multiple AC and USB ports to meet diverse power needs. Whether for outdoor adventures, travel, or emergencies, this portable power station supports simultaneous device charging while ensuring stability and efficiency. Designed for versatility, the Hako Series empowers modern consumers with dependable energy on the go.

Global Growth Through Innovation

VOLTME’s strategic global expansion has driven its success, with its innovative products now available in over 150 countries, serving more than 25 million households. By understanding consumer needs and introducing tailored solutions, VOLTME continues to lead the evolution of mobile power technologies.

The company has strengthened its international presence by establishing offices in key regions, including the United States, Russia, and Japan. As VOLTME scales its global operations, it remains steadfast in its mission to deliver high-quality, high- performance power solutions for diverse consumer needs.

Looking Ahead

Guided by its philosophy of “innovation-driven growth,” VOLTME is committed to advancing power technology and creating smarter, more efficient charging solutions for users worldwide. The company aims to redefine modern living with products that prioritize performance, reliability, and sustainability.

About Voltnex Innovations

Voltnex Innovations is a pioneering technology company specializing in cutting-edge consumer electronics and power solutions. The driving force behind the globally acclaimed VOLTME brand, Voltnex develops advanced charging devices, portable power stations, and innovative accessories designed to enhance modern lifestyles. With a focus on innovation, quality, and global partnerships, Voltnex Innovations delivers products that meet the evolving demands of consumers and businesses worldwide.

About Global Top Brands

The Global Top Brands Awards(GTB for short), established in 2006 by International Data Group (IDG), the GTB is a world-class selection event organized by Asia Digital Group and Europe Digital Group, supported by TWICE and International Data Corporation(IDC for short), an authoritative market research and analysis firm. This annual ceremony at CES highlights top global consumer electronics brands, promoting their prominence and fostering industry growth.

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PR Newswire Connects Companies and Media with Strategic APAC Network Expansion in 2024

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Bolsters press release distribution capabilities, facilitates productive and insightful sharing between PR professionals and the media

77% increase in media pickups with newly launched APAC English Premium circuit25% increase in average media pickups in Greater ChinaStrategic content partnerships with major news agencies and news aggregators in South Korea, Japan, Hong Kong and Taiwan

HONG KONG, Jan. 15, 2025 /PRNewswire/ — PR Newswire expanded its extensive APAC network in 2024, onboarding 280 new content partners, bringing the total network to 2,300. These efforts further strengthen PR Newswire’s position as the most extensive and reliable press release distribution network in APAC, enabling businesses to communicate effectively across diverse markets.

“We are committed to delivering high-quality and highly relevant media coverage in target markets,” said Lynn Liu, VP, Audience Development and Distribution Services, APAC, at PR Newswire. “Our expanded network ensures broad distribution across key channels, while fostering productive relationships between communications teams and the media.”

Key Market Highlights: 

APAC English Markets: Launched APAC English Premium Circuit 77% increase in media pick-ups compared to standard APAC English circuit260 English-language outlets placements

Mainland China: Launched Xinhua Bizwire CircuitPress release distribution to China’s most influential news platforms, including Tencent, Sina Finance, and the Financial Times (Chinese Edition)1,300 industry-specific media outlets in finance, technology, healthcare, travel, retail, and B2B sectors210,000 new social media followers in 2024, bringing total to 2.8 million500 million impressions and views of PRN content across major Chinese platforms such as Weibo, WeChat, and Baidu

Hong Kong and Taiwan: Key additions to Greater China DistributionTop-tier news portals such as MSN Chinese, Yahoo Taiwan, and China Times, garnering a combined 814 million monthly visitorsAM730, Bastille Post, ULifestyle, Economic Daily News, Investing.com, Yahoo Hong Kong, and Line Today, which all host around three to 46 million visitors monthly25% increase in average media pick-ups, growing to 300 from 240

South Korea and Japan: New strategic partnerships across key networksExclusive partnerships with leading private South Korean news agencies such as Newsis, News1, and ZDNet Korea, which see around 3.8 to 19 million visitors monthlyAgreements with major Japanese news aggregators for distribution through leading mobile news apps such as Gunosy, Newspass, and AU Service Today, which attract 6 to 46 million visitors monthly

Bridging Business & Media  

To foster a deeper understanding of the media landscape, media tours were conducted in Hong Kong, Malaysia and mainland China. Such experiences are unique and highly valuable among PR Newswire’s clients and staff as they allow attendees to gain firsthand insights and processes in leading media outlets.

Aside from tours, media gatherings, seminars, and panel discussions were also held in mainland China, Hong Kong, Indonesia, Japan, Singapore, Taiwan, and Vietnam. These events facilitate productive and insightful sharing between PR professionals and the media.

Growing Connections with Journalists and Influencers

In 2024, PR Newswire welcomed over 7,000 new journalists and media newsrooms in APAC to their ecosystem. 

“Currently, over 82,000 journalists, bloggers, and influencers in the APAC region rely on PR Newswire press releases as a key source of news. In 2025, we aim to deepen our partnerships with mainstream and industry-leading media outlets. While driving quality content and traffic to media websites, we will also explore more mutually beneficial collaborations to deliver superior value,” said Lynn Liu.

With 16 offices across 9 markets in APAC and a dedicated team of over 250 experienced professionals, PR Newswire has cultivated a strong, unmatched media distribution network. Leveraging unique partnerships with official national news agencies and their networks, including Xinhua News Agency, Yonhap News Agency in Korea, Kyodo News in Japan, Australian Associated Press, Press Trust of India, Antara News in Indonesia, Bernama News in Malaysia, and Vietnam News Agency, ensures that PR Newswire’s distribution network continues to lead in delivering impactful results for their clients.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

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Infosys and Tennis Australia Create New Generative AI Innovations at the Australian Open 2025

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Launch of ‘Beyond Tennis’: A new generative AI tennis league with AI players and data-driven tournaments

MELBOURNE, Australia, Jan. 14, 2025 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, in partnership with Tennis Australia, has unveiled its latest suite of AI-driven features and platforms for Australian Open (AO) 2025, marking another milestone in the seven-year partnership between the two organizations. It further advances their joint vision of creating a more immersive experience of tennis through AI-driven technology innovations.

To know more about Infosys’ AI innovations at AO 2025, click here.

These innovations, powered by Infosys Topaz, an AI-first suite of offerings using generative AI technologies, will redefine fan engagement, empower players and coaches, and expand the boundaries of digital interactivity in tennis.

‘Beyond Tennis’ (World’s First Gen AI league in tennis): A unique breakthrough is ‘Beyond Tennis‘ powered by Infosys, the world’s first generative AI-powered tennis league. This fan-driven digital experience will provide year-round interactivity, allowing users to connect with virtual tennis players, train their teams, and compete in AI-generated tournaments. Fans will interact with 16 AI-crafted virtual players spread across eight teams. Envisioned as “The Slam That Never Stops,” the league will enhance the sport’s affinity among younger Gen Z audiences while ensuring their safety in digital environments, enabled by responsible AI framework.Agentic AI to drive fan engagement with AI Commentary: Australian Open 2025 will feature AI Commentary in the Infosys Match Centre on AO digital properties, on the website and the app. Using out of the box large language models AI Commentary will provide byte-sized insights at every match moment.VR AI Stadium: The Infosys Fan Zone at Melbourne Park steps into the future, introducing a new VR AI Stadium where fans can create stunning virtual courts. Using a new generative AI speech-to-image feature, fans can step onto a galaxy- or nature-inspired court, or even a 1970s themed court, and play a game of tennis.

Infosys is helping the Australian Open with AI, video analytics, and machine learning tools. Using AI Videos, players and coaches continue to get access to post-match reviews and pre-game advance video analysis. The AI Shot of the Day feature helps AO’s media team meet growing digital content demands, enabling rapid creation and sharing of social media-ready clips to feature captivating moments on court.

The Infosys Fan Zone at Melbourne Park remains climate active, with its carbon footprint fully offset and structures fully recyclable. Infosys and Tennis Australia are also advancing the Future Leaders Program powered by Infosys Springboard, the company’s digital learning and collaboration platform for the community, that provides participants with the opportunity to learn transferrable skills in areas such as inclusion, leadership, technology, and design thinking. The participants will also get a glimpse of a generative AI future by visiting the Infosys Fan Zone at Melbourne Park.

Andrew Groth, Executive Vice President – Asia Pacific, Infosys, said, “Each year at the Australian Open, we have pushed the boundaries of technology to fuel fan engagement and player performance. Infosys is proud to bring the latest generative AI innovations to court, from the fan-driven Beyond Tennis league to AI-amplified VR experiences, leveraging our industry leading AI-suite of offerings Infosys Topaz. Through this collaboration with Tennis Australia, we are enabling truly innovative platforms for fans, players, coaches, and media to engage with the sport.” 

Craig Tiley, CEO of Tennis Australia, and Australian Open Tournament Director, said, “For the past seven years, Infosys has helped Tennis Australia to raise the bar and serve up new experiences for fans using digital technologies. We’re excited to see the leaps being made with AI at AO 2025. AI is enabling new dimensions of interactivity for fans and insight for players, not to mention the speed and scale it brings to our content delivery. It’s an exciting leap forward that showcases how technology and AI is transforming tennis.”

Follow all the action from the tournament on AusOpen.com and discover more about the partnership at Infosys.com/AusOpen.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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