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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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SOURCE Technavio

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Travelport Releases Second Annual State of Modern Retailing Report: ‘Travel’s Tipping Point’

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January 15, 2025

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New proprietary research from Travelport, combined with cross-industry insights, highlights key trends that will transform the travel industry in 2025

LANGLEY, United Kingdom, Jan. 15, 2025 /PRNewswire/ — Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel agencies and suppliers worldwide, today unveiled its 2025 State of Modern Retailing Report. This report, combining new proprietary research and cross-industry insights, outlines critical trends reshaping the travel industry in 2025, including heightened demand for transparency, the emergence of new subscription models, and AI-driven advancements in the travel retail experience.

“Consumers are clear about what they want from the travel industry: simplicity, transparency, and trust,” said Jen Catto, Chief Marketing and Product Officer at Travelport. “Our latest research shows that travel has reached a tipping point. Modern retailers who embrace radical transparency, adopt AI responsibly, and deliver streamlined experiences will thrive in this evolving landscape.”

Five Key Trends to Watch in 2025:

Consumer-washing ends; Radical transparency begins
Travel companies face growing criticism for “consumer washing,” a practice where businesses advertise deceptively low prices, hiding fees or conditions until checkout. Nearly half (44%) of surveyed consumers ranked airlines, hotels, and travel companies as major offenders, second only to credit card companies (45%).

Modern retailing requires honesty at every stage of the customer journey. Brands that eliminate hidden fees and agencies that present clear, comparable options across suppliers will earn customer loyalty. Radical transparency is not just a necessity—it’s a competitive advantage.

Disruptors Delivering Simplicity Will Outpace the Laggards
Fintech disruptors have reshaped banking, with 47% of consumers agreeing they’ve made personal finances easier to manage. However, the travel industry lags behind. Over half of consumers (56%) report that airline offers have become more confusing over the past decade.

To match fintech’s success, travel brands must embrace agile, API-led technology that enables seamless integration of new content, data, and features. Those who simplify the shopping experience will stand out in a crowded market.

Distribution Partnerships Drive Consumer Growth
The overwhelming number of content options across industries has led to choice overload. In streaming services, for example, 56% of consumers feel overwhelmed by the amount of content available on traditional and streaming channels, and 75% would prefer one bundled subscription.

Travel is no different. Forward-thinking companies are forming unconventional partnerships to meet consumers where they shop. For example, low-cost carriers (LCCs) are opening up their content to travel retailers, recognizing that a multi-channel approach simplifies the consumer experience while driving loyalty.

Travel Subscriptions Gain Traction
Travelers are increasingly turning to subscriptions. Online travel agencies (OTAs) like eDreams ODIGEO have demonstrated the potential of this approach, boasting more than 6.5 million Prime subscribers. Its subscription model is currently the company’s largest contributor of revenues and margins.

1 in 3 consumers (35%) surveyed said that they would consider a travel subscription in 2025, highlighting that this business model is primed for growth. Benefits such as convenience, cost savings, and exclusive perks make subscriptions a compelling alternative to traditional loyalty programs.

AI Raises the Bar for Travel Retailing
AI adoption is accelerating, with 58% of people using AI in their personal or professional lives. Travel ranks in top three industries for AI trust, with 42% of consumers trusting travel brands to use AI responsibly. In fact, 80% of frequent travelers already feel comfortable using AI for trip planning.

AI-driven tools will revolutionize travel retailing in 2025, from predicting travel behavior to curating personalized offers. For agencies, AI will simplify managing multi-source content and enable more effective customer service and upselling.

To read the full report or to learn more about Travelport, please visit Travelport.com/Trends-2025.

About Travelport
Travelport is a global technology company that powers bookings for hundreds of thousands of travel suppliers worldwide. Buyers and sellers of travel are connected by the company’s next generation marketplace, Travelport+, which simplifies how brands connect, upgrades how travel is sold, and enables modern digital retailing. Headquartered in the United Kingdom and operating in more than 165 countries around the world, Travelport is focused on driving innovation that simplifies the complex travel ecosystem.

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HONGQI Showcases Flagship Electric Vehicles at the Brussels Motor Show 2025

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January 15, 2025

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BRUSSELS, Jan. 15, 2025 /PRNewswire/ — HONGQI, the benchmark of China’s luxury automotive industry, proudly unveils its flagship electric vehicle lineup at the Brussels Motor Show 2025, held from January 10 to 19 at the Brussels Expo. The event gathers leading automotive brands from around the globe, offering a platform to showcase cutting-edge technologies and sustainable innovation. HONGQI’s E-HS9, EH7, and EHS7 take centre stage, highlighting the brand’s excellence in design, performance, and forward-looking technology.

The E-HS9, a full-size smart electric SUV, embodies spaciousness and refinement. Its dual-motor all-wheel-drive system and high-performance battery deliver exceptional power and stability. The cabin, designed with premium materials, ensures both comfort and elegance, making it a perfect choice for executives and families alike.

The EH7 is designed to meet the expectations of discerning customers in the premium upper mid-sized electric sedan. With a WLTP range of 655 km, it excels in delivering long-distance comfort. Its powerful drivetrain, producing 455 kW and 756 Nm of torque, enables acceleration from 0 to 100 km/h in just 3.5 seconds, offering an exhilarating driving experience while maintaining efficiency. For those who value a combination of high performance and extended range, the EH7 is an irresistible choice.

The EHS7 is a premium upper mid-sized electric SUV that offers powerful driving performance and smooth handling. Its advanced braking system achieves a stopping distance of just 36 meters from 100 km/h, ensuring precise control and safety. As the only vehicle in its class equipped with rear-wheel steering, the EHS7 delivers exceptional agility and handling. Equipped with IPX8 waterproof battery safety features, it guarantees stable performance across various environments. With ultra-fast charging capabilities and outstanding manoeuvrability, the EHS7 is the ideal choice for drivers who prioritise practicality and superior driving dynamics.

In 2024, HONGQI captivated audiences with appearances at the Goodwood Festival of Speed, Automechanika Frankfurt, and the Paris Motor Show. Each event highlighted the unique features of the E-HS9, EH7, and EHS7, demonstrating HONGQI’s global commitment to luxury EV innovation.

The HONGQI booth at the Brussels Motor Show 2025 offers visitors a unique opportunity to experience the flagship models E-HS9, EH7, and EHS7 up close. Attendees can explore these models firsthand, discovering HONGQI’s dedication to luxury design, new energy innovation, and cutting-edge technology. The exhibit highlights the HONGQI’s continuous efforts to advance electric mobility and enhance premium driving experiences on a global scale.

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Start the New Year Right: Corra Group Highlights the Importance of Background Checks as Businesses Start the New Year Strong

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January 15, 2025

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Background Checks Are Essential for Organizations Seeking to Build Trusted Teams and Create Safe Work Environments.

EL SEGUNDO, Calif., Jan. 15, 2025 /PRNewswire/ — The start of the new year is peak season for hiring, and businesses are gearing up to tackle early-year demands for a thriving 2025. Corra Group, a nationwide provider of background checks and drug testing, highlights the critical role of background screening at the start of the new year.

“January and February are typically active months for hiring, as companies bring on new employees to drive business growth and address early-year needs,” said Nick Gustavson, Corra Group Cofounder. “Background checks not only protect a company’s reputation and provide a safe work environment, but also foster a culture of safety, compliance, and reliability for teams and customers.”

According to the U.S. Bureau of Labor, the U.S. economy added over 350,000 jobs last January, significantly surpassing forecasts. Failing to perform comprehensive background checks can lead to increased risk and turnover, costing companies time and resources. Corra Group’s streamlined background check services help companies hire with confidence, starting the year with safe, dependable, and qualified teams.

Background checks are especially important for New Year hiring, particularly after the holiday season. It is easy to move too quickly as the new year ramps up, and the post-holiday season is a great opportunity for employers to utilize background checks to reduce turnover costs, transition temporary holiday hires into permanent roles, and stay safe while expanding.

“January also typically brings the launch of hiring initiatives, restructuring, and expansion,” adds Gustavson. “This results in increased hiring and a need for integrity, professionalism, culture fit, and alignment with company values in new or expanded roles.”

2025 is also seeing many companies implementing stricter full-time Return To Office (RTO) mandates, a trend already underway at major organizations like Amazon, JPMorgan, Disney, Google, Boeing, and Apple. With employees transitioning from remote work to working full-time side by side in physical office spaces, businesses need to prioritize safety, trust, and a secure work environment. Corra Group offers a number of background check services including Criminal Checks, Nationwide Registered Sex Offender Search, Drug Testing & Alcohol Screening, Motor Vehicle Records, Employment Verification and Social Media Background Screening.

“We hope everyone starts the new year right,” said Gustavson. “Stay safe and compliant, and we wish everyone a Happy New Year!”

About Corra Group:

Corra Group is a full-service background screening company that provides background checks and employment screening to clients throughout the United States and around the world. With over 20 years of experience, Corra Group’s goal is to help clients make informed decisions and provide a first-class candidate experience during the hiring process. It is also one of the few companies that will answer the phone. Corra Group is headquartered in El Segundo, California. To learn more, visit CorraGroup.com

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SOURCE Corra Group

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