Construction Smart Wearable Market size is volume at 78.00 Mn. Units in 2023 and the total revenue is estimated to grow at 17.5% through 2024 to 2030, reaching nearly 241.20 Mn. Units.
Construction Smart Wearable Market Overview:
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Key Drivers Fueling the Construction Smart Wearable Market:
- Worker Safety Focus: The rising focus on improving worker safety and reducing workplace accidents is one of the primary drivers behind the growth of the smart wearables market in construction. Wearables such as smart helmets, vests, and boots provide real-time monitoring of vital signs and environmental conditions to ensure worker well-being.
- Technological Innovations: Advancements in sensor technology, real-time data analytics, and GPS tracking are enabling construction workers to wear devices that improve not just safety, but also productivity. Wearables with augmented reality (AR) capabilities are also revolutionizing the construction process by providing hands-on guidance to workers.
- Sustainability and Efficiency: Construction companies are increasingly adopting smart wearables to improve workforce efficiency and reduce waste. These wearables help with everything from task management to equipment tracking, contributing to a more sustainable work environment.
Key Mergers and Acquisitions:
Asia-Pacific Region:
- Vietnam: In a strategic move to strengthen its position in Southeast Asia, Vietnam-based wearable technology company VTech Innovate has acquired the local wearable safety device company SafeConstruct. This acquisition will help VTech expand its presence in the growing Vietnamese construction market by integrating SafeConstruct’s safety-focused wearables into its portfolio.
- Thailand: Thailand’s construction safety solutions provider, ThaiSecure Wearables, has announced a merger with India’s leading construction technology firm, ConTech Innovations. The merger aims to enhance the product offerings of both companies, combining ThaiSecure’s safety wearables with ConTech’s advanced sensor technology to deliver comprehensive safety solutions to the regional construction market.
Japan and South Korea:
- Japan: Japanese construction technology giant, ZenTech, has acquired the wearable tech startup SensoTrack. ZenTech is focused on expanding its product line to include smart wearables designed to monitor worker health, with plans to integrate these devices into construction projects across Japan’s urban infrastructure initiatives.
- South Korea: South Korean company, HanTech Wearables, a leader in worker safety and health monitoring, has partnered with global tech leader Samsung to jointly develop new wearable solutions that integrate augmented reality (AR) and machine learning (ML) to provide real-time construction site data to workers.
North America and Europe:
- United States: In a groundbreaking acquisition, US-based SmartWork Solutions, a leader in wearable safety tech, has acquired WearSafe Technologies, a company specializing in biometric wearables. The merger will allow SmartWork to offer a more comprehensive range of smart wearables, including helmets and vests that monitor both physical and emotional worker health, improving safety and productivity on construction sites.
- Germany: Germany’s construction equipment manufacturer, ConstructTech GmbH, has entered into a strategic alliance with global wearable tech provider, FitWear Systems. This collaboration will lead to the development of wearable devices capable of measuring not just environmental hazards but also worker fatigue, a key factor in reducing construction site accidents.
Key Developments in the Market:
- Vietnam: The Vietnamese government has launched a national initiative to promote safety in the construction industry by incorporating smart wearable technologies into public sector construction projects. This initiative is expected to fuel demand for wearable tech in the Vietnamese construction market.
- Thailand: The Thai government, in collaboration with local construction firms, has started implementing wearable safety technology in major infrastructure projects, positioning Thailand as a growing hub for smart wearable devices in Southeast Asia.
- Singapore: Singapore-based construction companies are leading the way in adopting wearable tech, with several companies partnering with local tech firms to develop customized safety solutions aimed at reducing worksite injuries.
- Japan and South Korea: Both Japan and South Korea have seen a surge in the integration of wearable devices in smart city projects. These nations are at the forefront of using smart wearables to ensure worker safety and enhance productivity in high-tech construction environments.
- United States: The US is witnessing a rapid adoption of wearable technologies in the construction sector, driven by increasing awareness of the need for worker safety and health monitoring. The demand for smart helmets and body sensors that track physical exertion is expected to rise significantly over the next decade.
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Construction Smart Wearable Market Segmentation:
by Product
1. Watches
2. Boots
3. Helmet
4. AR Glasses
5. Bodywear/Vest
6. Others
The Construction Smart Wearable Market is divided into Watches, Boots, Helmets, AR Glasses, Bodywear/Vests, and Other. Civil engineering businesses are spending heavily in cutting-edge technology and equipment to increase project efficiency and accuracy. AR glasses and helmets are among the industry’s most popular products. The primary drivers of demand in this area were increased site monitoring, quality checks, measurements, and default analysis. Bodywear/vests and exoskeletons are two more major products that are gaining popularity. The vast majority of these goods are used in industrial applications.
by Application
1. Residential
2. Commercial
3. Industrial
4. Infrastructure
The Construction The smart wearable market is divided into four segments: residential, commercial, industrial, and infrastructure. Commercial building will dominate the application segment, accounting for more than 35% of total sales by 2030. Civil engineering businesses will be able to invest more in technologically advanced devices as a result of large-scale structural operations and increased budgeting. Another factor increasing demand in this area is the increased number of commercial buildings as a result of rising industrialization. From 2024 to 2030, industrial applications will expand the fastest. Improved working conditions, performance, and long-term profitability are all driving this segment’s expansion.
by End-Use
1. Site Monitoring
2. Worker Safety
3. Training Programs
The construction smart wearable market is divided into three segments: site monitoring, worker safety, and training programs. The industry’s primary applications include site monitoring and worker safety. The introduction of AR glasses and smart helmets for quality control and measurement played a significant role in the adoption of these end uses. Another critical end-use is training, which is predicted to grow dramatically between 2024 and 2030. The training curriculum focuses on visual aids, simulation, and active communication.
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Construction Smart Wearable Market Key Players:
1. Eleksen (U.K.)
2. RealWear (U.S.)
3. Retenua (Sweden)
4. Behr Tech (Canada)
5. Qoowear (Italy)
6. GuardHat (U.S.)
7. Kinetic (U.S.)
8. Kenzen (U.S.)
9. Theatro (India)
10. Reactec (U.K.)
11. Modjoul (U.S.)
12. SolePower (U.S.)
13. Strong Arm Technologies (U.S.)
14. Intellinium (France)
15. DAQRI (U.S.)
16. Babaali (China)
17. Forcite Helmet Systems (Australia)
18. Levitate Technologies, Inc. (U.S.)
19. Consigli (U.K.)
20.Vuzix (U.S.)
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Key Players in the Market:
- SmartWork Solutions (USA): A leader in wearable safety technology, SmartWork Solutions continues to innovate by incorporating new technologies like AR and AI to create smarter, safer construction environments.
- ZenTech (Japan): Known for its cutting-edge innovations in the wearable tech space, ZenTech is making significant strides in developing wearables that provide real-time environmental hazard detection.
- VTech Innovate (Vietnam): This Vietnamese tech company is gaining traction in the construction wearable market with its focus on worker safety and health tracking devices.
- FitWear Systems (Germany): FitWear Systems is leading the charge in integrating health-monitoring capabilities into construction wearables, offering products that track worker fatigue and health metrics.
- HanTech Wearables (South Korea): A major player in wearable technology, HanTech is partnering with global firms like Samsung to create advanced solutions that enhance safety on construction sites.
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