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Construction Wearable Technology Market Share

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

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Construction Wearable Technology Market Share

Trimble Inc. and Honeywell International hold a market share of over 5% in the construction wearable technology industry in 2023. Trimble Inc. actively pursues partnerships with technology providers, construction companies, and other stakeholders to enhance its wearable technology offerings. By using the expertise and technologies of its partners, the company expands its product capabilities and market reach, positioning itself as a major player in the market.

Honeywell International is focused on innovating wearable technology that enhances worker safety on construction sites. The company develops smart helmets, vests, and other wearables integrated with sensors that monitor environmental conditions, worker vitals, and potential hazards. By leveraging its expertise in industrial safety, Honeywell creates wearables that provide real-time alerts and data analytics to prevent accidents and improve on-site safety.

Construction Wearable Technology Market Companies

Major companies operating in the construction wearable technology industry are:

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

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.