Construction Smart Wearable Market

Global Construction Smart Wearable Market Size, Trends & Analysis - Forecasts to 2026 By Product (Watch, Boot, Helmet, AR Glasses, Body Wear/Vest, Exoskeleton), By Application (Residential, Commercial, Industrial, Infrastructure), By End-Use (Site Monitoring, Worker Safety, Training), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Category Trending Technology

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Construction Smart Wearable Market Insights

The rising need to reduce fatalities on the construction site along with the increasing trend to use technologically advanced products will drive the construction smart wearable market growth. Strict regulatory guidelines by OSHA and other organizations related to worker safety have resulted in the investment of advanced safety solutions.

The global construction smart wearable market is likely to foresee more than 17.5% CAGR from 2021 to 2026, with APAC observing the fastest growth. Artificial intelligence has taken over most industries, and the infrastructure industry is no exception. This new technology and its sub-products have positively elevated the industry standards. Starting from detecting falls, location, and health activity, the technology has also improvised site accuracy in terms of measurement, material quality, and production estimates.

However, premium pricing of some products along with a lack of product standardization in the international market may hinder the industry growth. Joint ventures with industrial safety authorities along with price concession in developing countries may result in high product deployment in the coming years.

global construction smart wearable market

Construction Smart Wearable Market: By Product

Watch, Boot, Helmet, AR Glasses, Bodywear/Vest, and Exoskeletons are major products used in the industry. Civil engineering companies are spending huge amounts of capital on advanced gadgets and products to increase their project efficiency and accuracy. AR glasses and helmets are key dominating products in the industry. Improved results pertaining to site monitoring, quality checks, measurements, and scrutinizing defaults were the major factors to induce demand in this segment.

Other major products which are gaining high popularity are the body wear/Vest and exoskeleton. The major consumption of these products is witnessed from industrial applications.

Construction Smart Wearable Market: By Application

By application, the industry is divided into residential, commercial, industrial, and infrastructure. Commercial building will lead the application segment and is expected to account for more than 35% of the revenue share by 2026. Large-scale structural activities along with high budgeting will allow civil engineering companies to invest more in technologically advanced gadgets. Commercial building expansion due to rapid industrialization is another factor to induce demand in this segment.

Industrial applications will observe the fastest gains from 2021 to 2026. Improved working conditions, better results, and long-term profitability are major causes to enhance growth in this segment.

Construction Smart Wearable Market: By End-Use

By end-use, the industry is segregated into site monitoring, worker safety, and training programs. Site monitoring and worker safety are among the major end-use in the industry. The introduction of AR glasses and smart helmets for measure and quality purposes were the prime factors to drive the deployment of these end-uses.

Another important end-use is the training purpose that is projected to foresee notable growth from 2021 to 2026. Visual aids, simulation, and active communication are the key features of the training program.

asia pacific construction smart wearable market

Construction Smart Wearable Market: By Region

North America led the regional segment and held over 30% of the revenue share in 2020. Increasing safety norms to prevent accidents along with rising technological advancement to attain better site projections and measurements has positively induced the regional demand. Also, large product availability and skilled labor to implement and use these technologically advanced products is another factor to fuel product penetration in the region.

The Asia Pacific Market will foresee more than 17.9% CAGR from 2021 to 2026. Large-scale structural activities accompanied by rising penetration of technologically advanced products will fuel the regional demand. China, South Korea, India, and Singapore will be the key revenue-generating countries in the coming years. Another major factor is the availability of locally made products such as helmets, AR glasses, and vests that will support the market expansion in this region.

The European market will witness significant growth owing to the rapid changes in the construction industry norms related to equipment and industrial safety products for workers. Strict regulatory compliances towards site and worker safety will induce regional demand. Germany, France, the UK, and Italy will lead the regional demand.

The Middle East & Africa is likely to witness notable gains in the coming years. The large scope of industrial activities along with high investment in worker’s safety products will drive the regional demand.

Construction Smart Wearable Company Market Share and Competitor Analysis

Global Industry Revenue Share is at its nascent stage due to its innovative product variety. Currently, very few companies are offering certified & regulatory-approved products in the market. Most of the providers are focusing on standardizing the products to target a large number of consumers. There is a high scope and potential for new entrants due to the presence of larger white space which makes it easier for companies to target customers.

Key notable industry players in the market are RealWear, Eleksen, Retenua, Qoowear, Behr Tech, GuardHat, Kenzen, Kinetic, Theatro, Strong Arm Technologies, Reactec, Modjoul, SolePower, Intellinium, Babaali, DAQRI, Forcite Helmet Systems, Vuzix, Levitate Technologies, Inc, and Consigli.

Please note: This is not an exhaustive list of companies profiled in the report.

Collaboration with the civil engineering companies and safety equipment providers are the prime strategies adopted by the companies.

Chapter 1 Methodology

1.1 Market scope & definitions

1.2 Estimates & forecast calculation

1.3 Historical data overview and validation

1.4 Data sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Construction Smart Wearable industry overview, 2019-2026

2.1.1 Industry overview

2.1.2 Product overview

2.1.3 End-Use overview

2.1.4 Application overview

2.1.5 Regional overview

Chapter 3 Construction Smart Wearable Market Trends

3.1 Market segmentation

3.2 Industry background, 2019-2026

3.3 Market key trends

3.3.1 Positive trends

3.3.2 Industry challenges

3.4 Prospective growth scenario

3.5 COVID-19 influence over industry growth

3.6 Porter’s analysis

3.7 PESTEL analysis

3.8 Value chain & supply chain analysis

3.9 Regulatory framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology overview

3.11 Market share analysis, 2020

3.11.1 Company positioning overview, 2020

Chapter 4 Construction Smart Wearable Market, By Product

4.1 Product Outlook

4.2 Watch

4.2.1 Market size, by region, 2019-2026 (USD Million)

4.3 Boot

4.3.1 Market size, by region, 2019-2026 (USD Million)

4.4 Helmet

4.4.1 Market size, by region, 2019-2026 (USD Million)

4.5 AR Glasses

4.5.1 Market size, by region, 2019-2026 (USD Million)

4.6 Exoskeleton

4.6.1 Market size, by region, 2019-2026 (USD Million)

4.7 Body Wear/vest

4.7.1 Market size, by region, 2019-2026 (USD Million)

4.8 Others

4.8.1 Market size, by region, 2019-2026 (USD Million)

Chapter 5 Construction Smart Wearable Market, By End-Use

5.1 End-Use Outlook

5.2 Site monitoring

5.2.1 Market size, by region, 2019-2026 (USD Million)

5.3 Worker safety

5.3.1 Market size, by region, 2019-2026 (USD Million)

5.4 Training

5.4.1 Market size, by region, 2019-2026 (USD Million)

5.5 Others

5.5.1 Market size, by region, 2019-2026 (USD Million)

Chapter 6 Construction Smart Wearable Market, By Application

6.1 Application Outlook

6.2 Residential

6.2.1 Market size, by region, 2019-2026 (USD Million)

6.3 Commercial

6.3.1 Market size, by region, 2019-2026 (USD Million)

6.4 Industrial

6.4.1 Market size, by region, 2019-2026 (USD Million)

6.5 Infrastructure

6.5.1 Market size, by region, 2019-2026 (USD Million)

6.6 Others

6.6.1 Market size, by region, 2019-2026 (USD Million)

Chapter 7 Construction Smart Wearable Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market size, by country 2019-2026 (USD Million)

7.2.2 Market size, by product, 2019-2026 (USD Million)

7.2.3 Market size, by end-Use, 2019-2026 (USD Million)

7.2.4 Market size, by application, 2019-2026 (USD Million)

7.2.5 U.S.

7.2.5.1 Market size, by product, 2019-2026 (USD Million)

7.2.5.2 Market size, by end-Use, 2019-2026 (USD Million)

7.2.5.3 Market size, by application, 2019-2026 (USD Million)

7.2.6 Canada

7.2.6.1 Market size, by product, 2019-2026 (USD Million)

7.2.6.2 Market size, by end-Use, 2019-2026 (USD Million)

7.2.6.3 Market size, by application, 2019-2026 (USD Million)

7.2.7 Mexico

7.2.7.1 Market size, by product, 2019-2026 (USD Million)

7.2.7.2 Market size, by end-Use, 2019-2026 (USD Million)

7.2.7.3 Market size, by application, 2019-2026 (USD Million)

7.3 Europe

7.3.1 Market size, by country 2019-2026 (USD Million)

7.3.2 Market size, by product, 2019-2026 (USD Million)

7.3.3 Market size, by end-Use, 2019-2026 (USD Million)

7.3.4 Market size, by application, 2019-2026 (USD Million)

7.3.5 Germany

7.2.5.1 Market size, by product, 2019-2026 (USD Million)

7.2.5.2 Market size, by end-Use, 2019-2026 (USD Million)

7.2.5.3 Market size, by application, 2019-2026 (USD Million)

7.3.6 Spain

7.3.6.1 Market size, by product, 2019-2026 (USD Million)

7.3.6.2 Market size, by end-Use, 2019-2026 (USD Million)

7.3.6.3 Market size, by application, 2019-2026 (USD Million)

7.3.7 France

7.3.7.1 Market size, by product, 2019-2026 (USD Million)

7.3.7.2 Market size, by end-Use, 2019-2026 (USD Million)

7.3.7.3 Market size, by application, 2019-2026 (USD Million)

7.3.8 Italy

7.3.8.1 Market size, by product, 2019-2026 (USD Million)

7.3.8.2 Market size, by end-Use, 2019-2026 (USD Million)

7.3.8.3 Market size, by application, 2019-2026 (USD Million)

7.4 Asia Pacific

7.4.1 Market size, by country 2019-2026 (USD Million)

7.4.2 Market size, by product, 2019-2026 (USD Million)

7.4.3 Market size, by end-Use, 2019-2026 (USD Million)

7.4.4 Market size, by application, 2019-2026 (USD Million)

7.4.5 China

7.4.5.1 Market size, by product, 2019-2026 (USD Million)

7.4.5.2 Market size, by end-Use, 2019-2026 (USD Million)

7.4.5.3 Market size, by application, 2019-2026 (USD Million)

7.4.6 India

7.4.6.1 Market size, by product, 2019-2026 (USD Million)

7.4.6.2 Market size, by end-Use, 2019-2026 (USD Million)

7.4.6.3 Market size, by application, 2019-2026 (USD Million)

7.4.7 Malaysia

7.4.7.1 Market size, by product, 2019-2026 (USD Million)

7.4.7.2 Market size, by end-Use, 2019-2026 (USD Million)

7.4.7.3 Market size, by application, 2019-2026 (USD Million)

7.4.8 Australia

7.4.8.1 Market size, by product, 2019-2026 (USD Million)

7.4.8.2 Market size, by end-Use, 2019-2026 (USD Million)

7.4.8.3 Market size, by application, 2019-2026 (USD Million)

7.4.9 South Korea

7.4.9.1 Market size, by product, 2019-2026 (USD Million)

7.4.9.2 Market size, by end-Use, 2019-2026 (USD Million)

7.4.9.3 Market size, by application, 2019-2026 (USD Million)

7.5 Central & South America

7.5.1 Market size, by country 2019-2026 (USD Million)

7.5.2 Market size, by product, 2019-2026 (USD Million)

7.5.3 Market size, by end-Use, 2019-2026 (USD Million)

7.5.4 Market size, by application, 2019-2026 (USD Million)

7.5.5 Brazil

7.5.5.1 Market size, by product, 2019-2026 (USD Million)

7.5.5.2 Market size, by end-Use, 2019-2026 (USD Million)

7.5.5.3 Market size, by application, 2019-2026 (USD Million)

7.5.6 Argentina

7.5.6.1 Market size, by product, 2019-2026 (USD Million)

7.5.6.2 Market size, by end-Use, 2019-2026 (USD Million)

7.5.6.3 Market size, by application, 2019-2026 (USD Million)

7.6 MEA

7.6.1 Market size, by country 2019-2026 (USD Million)

7.6.2 Market size, by product, 2019-2026 (USD Million)

7.6.3 Market size, by end-Use, 2019-2026 (USD Million)

7.6.4 Market size, by application, 2019-2026 (USD Million)

7.6.5 Saudi Arabia

7.6.5.1 Market size, by product, 2019-2026 (USD Million)

7.6.5.2 Market size, by end-Use, 2019-2026 (USD Million)

7.6.5.3 Market size, by application, 2019-2026 (USD Million)

7.6.6 UAE

7.6.6.1 Market size, by product, 2019-2026 (USD Million)

7.6.6.2 Market size, by end-Use, 2019-2026 (USD Million)

7.6.6.3 Market size, by application, 2019-2026 (USD Million)

7.6.7 South Africa

7.6.7.1 Market size, by product, 2019-2026 (USD Million)

7.6.7.2 Market size, by end-Use, 2019-2026 (USD Million)

7.6.7.3 Market size, by application, 2019-2026 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive analysis, 2020

8.2 RealWear

8.2.1 Company overview

8.2.2 Financial analysis

8.2.3 Strategic positioning

8.2.4 Info graphic analysis

8.3 Eleksen

8.3.1 Company overview

8.3.2 Financial analysis

8.3.3 Strategic positioning

8.3.4 Info graphic analysis

8.4 Retenua

8.4.1 Company overview

8.4.2 Financial analysis

8.4.3 Strategic positioning

8.4.4 Info graphic analysis

8.5 Qoowear

8.5.1 Company overview

8.5.2 Financial analysis

8.5.3 Strategic positioning

8.5.4 Info graphic analysis

8.6 Behr Tech

8.6.1 Company overview

8.6.2 Financial analysis

8.6.3 Strategic positioning

8.6.4 Info graphic analysis

8.7 GuardHat

8.7.1 Company overview

8.7.2 Financial analysis

8.7.3 Strategic positioning

8.7.4 Info graphic analysis

8.8 Kenzen

8.8.1 Company overview

8.8.2 Financial analysis

8.8.3 Strategic positioning

8.8.4 Info graphic analysis

8.9 Kinetic

8.9.1 Company overview

8.9.2 Financial analysis

8.9.3 Strategic positioning

8.9.4 Info graphic analysis

8.10 Theatro

8.10.1 Company overview

8.10.2 Financial analysis

8.10.3 Strategic positioning

8.10.4 Info graphic analysis

8.11 Strong Arm Technologies

8.11.1 Company overview

8.11.2 Financial analysis

8.11.3 Strategic positioning

8.11.4 Info graphic analysis

8.12 Reactec

8.12.1 Company overview

8.12.2 Financial analysis

8.12.3 Strategic positioning

8.12.4 Info graphic analysis

8.13 Modjoul

8.13.1 Company overview

8.13.2 Financial analysis

8.13.3 Strategic positioning

8.13.4 Info graphic analysis

8.14 SolePower

8.14.1 Company overview

8.14.2 Financial analysis

8.14.3 Strategic positioning

8.14.4 Info graphic analysis

8.15 Intellinium

8.15.1 Company overview

8.15.2 Financial analysis

8.15.3 Strategic positioning

8.15.4 Info graphic analysis

8.16 Babaali

8.16.1 Company overview

8.16.2 Financial analysis

8.16.3 Strategic positioning

8.16.4 Info graphic analysis

8.17 DAQRI

8.17.1 Company overview

8.17.2 Financial analysis

8.17.3 Strategic positioning

8.17.4 Info graphic analysis

8.18 Forcite Helmet Systems

8.18.1 Company overview

8.18.2 Financial analysis

8.18.3 Strategic positioning

8.18.4 Info graphic analysis

8.19 Vuzix

8.19.1 Company overview

8.19.2 Financial analysis

8.19.3 Strategic positioning

8.19.4 Info graphic analysis

8.19 Levitate Technologies, Inc

8.19.1 Company overview

8.19.2 Financial analysis

8.19.3 Strategic positioning

8.19.4 Info graphic analysis

8.19 Consigli

8.19.1 Company overview

8.19.2 Financial analysis

8.19.3 Strategic positioning

8.19.4 Info graphic analysis

The Global Construction Smart Wearable Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Construction Smart Wearable Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global construction smart wearable market?

The global construction smart wearable market is projected to witness over 17.5% CAGR from 2021 to 2026, with APAC leading the demand.

Who are the major vendors in the construction smart wearable market?

Which region has the highest market share in the Construction smart wearable market?

The North America Market dominated the global consumption and accounted for more than 30% of the revenue share in 2020.

What is the Covid-19 impact on future construction smart wearable manufacturers?

The overall construction industry faced set back during the initial stage of the covid-19 pandemic. Now the industry is getting back to its normal pace and is likely to grow at a significant pace. This growth will provide lucrative opportunities to the existing and new entrants

What are the major drivers in the construction smart wearable market?

Rising need to reduce fatalities on the construction site along with the increasing trend to use technologically advanced products will drive the Construction Smart Wearable Market Growth.