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Construction Wearable Technology Market Trends

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

Construction Wearable Technology Market Trends

Rapid technological advancement, particularly in areas such as the IoT, Augmented Reality (AR), and AI, are driving the development of sophisticated wearable devices tailored for construction. Construction companies are testing wearable systems at their construction sites to improve safety. The system uses proximity sensors in vests, helmets and other devices that are connected to the on-site machinery. When a hazard is detected, the system triggers a triple alert physical, visual and acoustic to prevent accidents. This initiative aims to reduce injuries caused by heavy machinery, a major issue on construction sites.
 

The construction industry is going through a digital transformation known as Industry 4.0. Integrating digital technologies including wearables is becoming essential to stay competitive. Wearables help create connected construction sites by continuously collecting and sharing data, which improves decision-making and project management. Furthermore, the move towards smart construction and digital tools in construction management is driving the adoption of wearables as part of a broader strategy to digitize construction processes.

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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