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Construction Wearable Technology Market Analysis

  • Report ID: GMI11317
  • Published Date: Sep 2024
  • Report Format: PDF

Construction Wearable Technology Market Analysis

Based on application, the worker safety segment held over 40% of the market share in 2023 and is expected to cross USD 3.4 billion by 2032. Governments and regulatory bodies across the globe are focusing on workplace safety, particularly in high-risk industries such as construction. Regulations such as OSHA in the U.S. and similar bodies in Europe and Asia enforce strict safety standards on construction sites. This regulatory pressure drives the adoption of wearable technology that can monitor workers' health, detect dangers, and send real-time alerts to prevent accidents. Companies are investing more in wearables to comply with these regulations, avoid fines, and protect their workers from injuries.
 

North America Construction Wearable Technology Market Size, 2022 -2032, (USD Billion)

Based on product, the smart helmet segment held around 30% share of the market in 2023. These helmets are equipped with a variety of sensors and technologies, such as impact detection, real-time hazard alerts, and environmental monitoring. These features protect workers by preventing accidents and injuries. This ability of smart helmets to proactively manage safety risks on construction sites is a major driver of their adoption. Companies are increasingly turning to smart helmets to ensure compliance with safety regulations and to protect their workforce from potential hazards.
 

Construction Wearable Technology Market Share, By Product, 2023

North America region held around 39% share of the construction wearable technology market in 2023 and is expected to expand significantly through 2032. The region is known for adopting advanced technologies across industries, including construction. The region's construction sector is increasingly integrating wearable technology with other digital tools like Building Information Modeling (BIM) and IoT to improve efficiency, safety, and project management. This trend towards digital transformation in construction is driving the market for wearables as companies aim to enhance their technological capabilities and stay competitive.
 

Europe construction wearable technology market is leading in sustainable construction, focusing on smart practices that reduce environmental impact and increase efficiency. Wearable technology plays a key role in these initiatives by improving resource management and worker productivity. The push for sustainable and smart construction is driving the adoption of wearables as they contribute to both efficiency and safety, which are critical for meeting environmental and operational goals.
 

In the Asia Pacific, there is growing awareness of workplace safety, driven by government initiatives and rising corporate responsibility. As the construction industry expands, there is a greater focus on reducing accidents and ensuring worker well-being through advanced safety technologies like wearables.
 

The MEA region, particularly the Gulf Cooperation Council (GCC) countries, is seeing a rise in large-scale construction projects, including mega-cities, infrastructure, and energy projects. These projects require high levels of safety and efficiency. The need to manage safety on large and complex construction sites is encouraging the use of wearables that monitor workers in real-time, improving both safety and productivity.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of construction wearable technology was worth over USD 4.1 billion in 2023 and is anticipated to register over 10% CAGR between 2024 and 2032, owing to the increasing focus on worker safety.

The worker safety segment in the construction wearable technology market is expected to cross USD 3.4 billion by 2032, driven by stringent regulations and increased investment in wearable technology.

North America construction wearable technology market accounted 39% revenue share in 2023 due to its advanced technology adoption and integration of wearables with BIM and IoT for enhanced construction efficiency and safety.

ARM Limited, Ekso Bionics, Garmin, German Bionic Systems GmbH, Honeywell International Inc., Kenzen, Panasonic, RealWear Inc., Siemens, Trimble Inc., and XREAL, Inc.

Construction Wearable Technology Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 250
  • Countries covered: 23
  • Pages: 300
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