The market for smart PPE technology was worth USD 2.74 billion in 2020. The market is anticipated to increase at a CAGR of 16.4% between 2021 and 2028, rising from USD 3.13 billion in 2021 to USD 9.05 billion in 2028. The COVID-19 pandemic has had a staggering and unprecedented global impact, and smart PPE solutions have seen a rise in demand across all geographies as a result. According to our analysis, the global market experienced a significant increase of 13.6% in 2020 compared to year-over-year growth between 2017 and 2019. The market's demand and expansion, which will resume to pre-pandemic levels once the pandemic is over, are what account for the steady increase in CAGR.
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Information about the report:
- Forecast Timeframe: 2021-2028
- The starting year is 2020
- Market Size in 2020: USD 2.74 billion
- The market size in 2028 will be USD 9.05 billion
- CAGR: 16.4%
- Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
The Smart PPE Technology Market is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The size of the smart PPE Technology market is the total amount of money service providers make when selling their products to customers. Smart PPE Technology Market share is the percentage of the market that is under the control of one or more providers. The term Smart PPE Technology Market Segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the various sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Smart PPE Technology Market are conducted across regions, end-user industries, and material types. The study thoroughly examines segments and their sub-segments with the aid of tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
By Product Type Analysis,
The world market has been divided into smart safety gloves, smart shoes, smart eyewear, smart protective clothing, smart earmuffs/plugs, smart respirators, and others based on product type.
Throughout the forecast period, the smart glove is anticipated to dominate the market. This market segment includes smart gloves provided by various players in the industry, such as DuPont Kevlar smart gloves by MCR Safety, Tychem Gloves NT420, NT430, NT470, and NT480 by DuPont de Nemours Inc., and ProFlex 9003 Certified Lightweight Anti-Vibration Gloves by Ergodyne, among others. Smart gloves are primarily used as personal protective equipment in a variety of industries, including manufacturing, chemical, and pharmaceutical. The demand for the smart industrial glove is anticipated to increase as safety regulations and compliances become more stringent.
By Application Analysis,
The market is divided into categories based on application, including healthcare medical, fitness wellness, infotainment, industrial, military, and others.
During the forecast period, smart PPE technology adoption is anticipated to be dominated by the industrial sector. The adoption of this technology for reducing accidental cases is driven by the expanding employee safety regulations and rules, such as Occupational Health and Safety (OHS). In order to analyze and minimize future accidents, industries are using the data gathered from smart technology. For instance, DAQRI's smart construction helmet sends all user information to the control panel, including information about the environment, users' current locations, and their activities. This helps to keep the workplace safe and keeps track of each worker's movement.
By Analysis,
To combat the rising viral and highly contagious diseases, the healthcare and medical sectors are quickly adopting smart equipment. The industry's need for sophisticated personal protective equipment has been greatly increased by the coronavirus pandemic. Governments all over the world are also constantly focusing on providing soldiers with life-saving equipment while they are on a combat mission. The industry should benefit from improved security, monitoring, and communication capabilities as a result of the adoption of smart PPE technology. Similar to how consumer demand for technology is steadily increasing in infotainment and fitness wellness applications, this is due to increased safety precautions. The market is anticipated to grow as a result.
By Technical Analysis,
Smart PPE technology offers protection from accidents, insecure activity, and safety. Therefore, in order to continuously monitor changes in real time, a proper connection is required. Any error or delay in alerting the user or the environment can have serious consequences. Therefore, when working in a harsh environment, it is essential to have properly tested and verified products. Additionally, because this equipment is interconnected, there is a very high likelihood that private and sensitive professional data will be compromised. As a result, the unsecure connection and low-quality device could hinder market expansion. But in order to fully utilize the technology, the user can benefit from implementing tried-and-true products in addition to sound network security planning.
List of Key Companies Profiled:
The market's major players, including Uvex Group, Ansell Ltd., DuPont de Nemours Inc., Intellinium, MCR Safety, Vuzix Corporation, Seebo Interactive Ltd., Dragerwerk AG Co. KGaA, Corvex Connected Worker, and Ergodyne Corporation, among others, are concentrating on creating and providing various PPE solutions through a variety of growth strategies in order to maximize market share.
List of Key Companies Proposed:
“uvex Group (Fürth, Germany), Ansell Ltd. (Richmond, Australia), DuPont de Nemours Inc. (Delaware, U.S.), Intellinium (d'Azur, France), MCR Safety (Fürth, Germany), Vuzix Corporation (New York, U.S.), Seebo Interactive LTD. (California, United States), Dragerwerk AG Co. KGaA (Lübeck, Germany), Corvex Connected Worker (Minnesota, U.S.), Ergodyne Corporation (Minnesota, U.S.)”
By Region,
The market is divided geographically into five main areas: North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
North America is anticipated to dominate the smart PPE technology market during the forecast period. The increasing concern for workplace safety among both employers and employees is fueling the market in the area. The market is anticipated to benefit from the quick uptake of technologies like IoT, industrial IoT, connected and wearable devices, and smart sensors, among others. Additionally, in the US, insurance companies have begun to penalize worker claims in an effort to decrease the number of fictitious claims by taking into account the data provided by smart personal protective equipment. Canada in North America is anticipated to experience a rapid CAGR during the forecast period. 951 fatalities related to workplace accidents were reported in Canada overall in 2017, according to the Association of Workers' Compensation Boards of Canada (AWCBC). The demand for smart PPE technology is anticipated to increase in light of the rising accident rate.
The study report provides a thorough analysis of the size of the “Smart PPE Technology Market” globally, including regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers. The paper also discusses the principal risks and challenges that will be encountered over the projected period. The Smart PPE Technology Market is divided into two categories: type and application. Players, stakeholders, and other participants in the global Smart PPE Technology Market industry will be able to gain the upper hand by using the study as a valuable resource.
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