Smart Worker Market - Forecast(2024 - 2030)

Report Code: ESR 88874 Report Format: PDF + Excel

Smart Worker Market Overview

Smart Worker Market size was valued at US$ 2.15 billion in 2020 and is projected to reach US$ 7.12 billion by 2026 growing at a CAGR 17.89% during the forecast period 2021-2026. Increasing penetration of industrial IoTs facilitating the implementation of industry 4.0, smart cities or smart ports ensuring energy efficiency, resource optimization and reduction of operational costs while improving workers’ safety is set to drive the Smart Worker Market during 2021-2026. Rising government policies for ensuring occupational health and safety regulations in workplaces to mitigate the risks associated with workers’ safety are contributing to the growth of the market. Increasing adoption of smart personal protective equipment (PPE) such as smart hearing protection devices, smart headgear, smart glasses in connected factories utilizing Bluetooth low energy, LPWAN or wireless FAN network connectivity for high-speed data transfer providing a real-time alert in emergency situations in hazardous industrial environments is significantly triggering the growth of the market. Furthermore, the rising deployment of 5G infrastructure leveraging enterprise mobility management is also analyzed to accelerate the growth of the Smart Worker Market from 2021 to 2026.

Report Coverage

The report: “Smart Worker Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Smart Worker Market.
By offering: Hardware (smart hearing protection Devices, smart headgear, smart glasses, smart shoes, others) Software, Services (Professional, Managed)
By Connectivity: Cellular, Wi-fi, Zigbee, Bluetooth Low Energy/ Bluetooth, Low Power Wide Area Network (Long-range Wide Area Network, Narrowband IoT, Sigfox), Wireless Field Area Network, Others
By Industry Vertical: Automotive, Defense, Healthcare, Food & beverages, Chemical, Power, Retail & e-commerce, Utilities, Logistics & Transportation, Oil & Gas, Others
By Geography: North America(the U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia,Rest of Europe); APAC (China, Japan, South Korea, India, Australia,Rest of APAC); South America(Brazil, Argentina, Rest of Americas);  RoW (Middle East & Africa)

Key Takeaways

  • Utility sector is anticipated to witness the highest growth between 2021 and 2026 owing to the rising adoption of smart utility initiatives.
  • North America is estimated to dominate the market during 2021-2026 owing to high investments towards up-gradation of advanced technologies and stringent government regulations for workers’ safety.
  • Increasing adoption of smart factories, smart utility, and rising government policies for mitigating occupational risks and health hazards are augmenting the market.
  • High capital investment during deployment is one of the challenges impeding the growth of the market. 

Global Smart Worker Market Value ($B) by year (2020-2026)

Smart Worker Market

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Smart Worker Market Segment Analysis- By Connectivity

By Connectivity, Smart Worker Market has been segmented under Cellular, Wi-fi, Zigbee, Bluetooth Low Energy/ Bluetooth, Low Power Wide Area Network and Wireless Field Area Network. LPWAN dominated the market in 2020 acquiring a smart worker market share of 19% and is estimated to hold the major share during 2021-2026 due to rising demand for low power IoT networks enabling long-range connectivity to provide unison through the strategic network among all associated systems and devices in various industry verticals. With the increasing penetration of IIoT sensors, smart wearable leveraging computer vision, artificial intelligence, augmented reality the demand for smart worker solution to control work-related hazards has gained huge traction. For instance, in February 2021, Blackline Safety Corp. completed the acquisition of UK based wearable Technologies Ltd. to enhance worker’s safety and productivity of organizations leveraging wearable safety technology and such acquisitions are analyzed to drive the market during 2021-2026.

Smart Worker Market Segment Analysis- By Industry Vertical

By industry vertical, Smart Worker Market has been segmented under Automotive, Defense, Healthcare, Food & beverages, Chemical, Power, Retail & e-commerce, Utilities, Logistics & transportation, Oil & Gas. Utility sector dominated the market in 2020 acquiring a market share of 16% owing to the rising deployment of connected devices for smart utility initiatives. Deployment of smart worker solutions in the utility sector accelerate energy-saving enhancing safety and reducing maintenance costs and such advanced benefits are set to drive the market. With the increasing penetration of biometric and gas sensors or smart wearable devices, emergency response teams in utility industries continuously monitor health and safety conditions of the workers in the industrial environment to protect against emergency situations such as high temperature exposure during a fire, low oxygen and toxic gas environment and thus accelerating the growth of the market. For instance, in October 2020 Siemens Energy announced the partnership with Librestream for its connected worker solution leveraging augmented reality platform and such partnerships are anticipated to propel the growth of the market from 2021 to 2026.

Smart Worker Market Segment Analysis- By Geography

By Geography, Smart Worker Market has been segmented under North America, Europe, APAC, South America, and RoW. North America dominated the Smart Worker Market in 2020 acquiring a share of 35% and is estimated to hold the major share with a CAGR of 12.78% during 2021-2026 owing to high investments towards up-gradation of latest technologies and stringent government regulations about workers’ safety. For instance, in September 2019, Braskem Idesa’s petrochemical plant in Mexico adopted Honeywell’s intelligent wearable to gain better operational productivity and employee safety and such developments are augmenting the market in this region. APAC is estimated to be the fastest-growing market with a CAGR of 16.56% during the forecast period owing to heavy industrialization, a massive transition towards digitalization and rising awareness among industries about a safe industrial environment. APAC is estimated to be a hot zone for establishing manufacturing hubs during the forecast period 2021-2026 and thus analyzed to contribute to the growth of the market.

Smart Worker Market Drivers

Increasing adoption of smart factories are contributing towards smart worker market growth

Increasing adoption of industrial IoTs for bridging IT and OT to optimize real-time applications across various industry verticals are driving the market. Massive and quick adoption of connected factories enabling wireless communication among smart connected devices to streamline process, flows is boosting the market. Increasing investments towards digitalization in business organizations to monitor and control real-time information to optimize production yield, efficiency, quality, and safety have resulted in the growth of the market. Moreover, the transition from wired communication to wireless technology to reduce overall operational costs and simply network deployment has resulted into the growth of the market. Increasing investments towards smart utility harnessing the latest technology to improve infrastructure and services establishing a connected system has also contributed to the growth of the market. For instance, in November 2020, GuardHat launched a new smart glass-based solution in a partnership with Vuzix Corporation leveraging industrial IoT a platform for ensuring the safety of industrial front-line workers and such innovations are anticipated to steering the market growth between 2021 and 2026.

Increasing government regulations for ensuring workers’ safety is stimulating the market

Increasing stringent government regulations to control and reduce workplace hazards is stimulating the growth of the market. With an alarming growth in the number of occupational injuries, diseases and deaths, Government authorities are implementing rules and policies globally to establish a safe and healthy working environment. Most of the countries in South-east Asia with heavy industrialization and robust economic growth are prioritizing industrial and occupational safety highly and the industry leaders are investing heavily towards stronger worker safety while optimizing production efficiency. In July 2021, IndustriALL Global Union and its Indian affiliates highlighted increasing industrial accidents and workers’ deaths and addressed safety crisis to improve occupational health and safety. They have estimated 116 industrial accidents in the mining and chemical industry across India since the resumption of industrial activity after covid-19 lockdown. Such global union federation initiatives are significantly triggering the growth of the smart worker market.

Smart Worker Market Challenges

High Capital investment is analyzed to hamper the smart worker market growth

According to International Labour Organization, every year more than 1.1 million people die from occupational accidents or work-related diseases in Asia Pacific region. The least protected, least informed and least trained are the most affected. The adoption of smart worker solutions are rising drastically, high deployment cost due to its robust infrastructure and the high running costs associated with stringent security policies are being analyzed to hamper the market growth. Moreover, many small and medium enterprises are still reluctant to invest a large amount for safe industrial environment purposes and such limited budget allocation are hampering the market growth.

Smart Worker Market Landscape

Production Innovation, Acquisitions, Collaboration and R&D activities are key strategies adopted by players in the Smart Worker Market. In 2020, the market of Smart Worker industry outlook has been fragmented by several companies.   Smart Worker top 10 companies include

  • Honeywell International, Inc.
  • Accenture PLC
  • Fujitsu Ltd.
  • Intel Corporation
  •  Oracle Corporation
  • Wearable Technologies Ltd.
  • Parsable, Inc.
  • 3M Company
  • Softweb Solutions Inc.
  • Zebra Technologies Corporation

Acquisitions/Production Innovation

  • In September 2020, Nymi, Inc. released a smart wristband for workplaces ensuring the health, safety and security of the connected workers.
  • In July 2020, Honeywell launched a modular software solution to comply with industrial health and safety regulations.

Relevant Report Title:

Smart Personal Safety and Security Device Market
Report Code: ITR 0078

AR/VR and Wearable Devices Space Market
Report Code: ITR 0228

For more Electronics related reports, please click here

1. Smart Worker Market Overview
    1.1 Definitions and Scope
2. Smart Worker Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Service Type
    2.3 Key trends segmented by Geography
3. Smart Worker Market
    3.1 Comparative Analysis
        3.1.1 Product/Service Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Smart Worker Market– By Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital Funding
5. Smart Worker Market– By Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework
    5.2 Customer Analysis
    5.3 Case Studies
    5.4 Ease of Doing Business Index
6. Smart Worker Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model 
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Network of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Network of substitutes
7. Smart Worker Market– By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Smart Worker Market– By Offering
    8.1 Hardware
        8.1.1 Smart hearing protection devices
        8.1.2 Smart glasses
        8.1.3 Smart headgears
        8.1.4 Smart shoes
        8.1.5 Others
    8.2 Software
    8.3 Services
    8.3.1 Professional
    8.3.2 Managed
9. Smart Worker Market– By Connectivity
    9.1 Cellular
    9.2 Zigbee
    9.3 Wi-fi
    9.4 Bluetooth Lower Energy/ Bluetooth
    9.5 Low power wide area network
        9.5.1 Long-range wide area network
        9.5.2 Narrowband IoT
        9.5.3 Sigfox
    9.6 Wireless Field Area Network
    9.7 Others
10. Smart Worker Market– By Industry Vertical
    10.1 Automotive
    10.2 Military & Defense
    10.3 Transportation & logistics
    10.4 Healthcare
    10.5 Power
    10.6 Utility
    10.7 Oil & gas
    10.8 Food & Beverage
    10.9 Chemical
    10.10 Others
11. Smart Worker Market– By Region
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada 
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Rest of South America
    11.3 Europe
        11.3.1 Germany
        11.3.2 France
        11.3.3 UK
        11.3.4 Italy
        11.3.5 Spain
        11.3.6 Russia
        11.3.7 Rest of Europe
    11.4 APAC
        11.4.1 China
        11.4.2 Japan
        11.4.3 South Korea
        11.4.4 India
        11.4.5 Australia
        11.4.6 Rest of APAC
    11.5 RoW
        11.5.1 Middle East
        11.5.2 Africa
12. Smart Worker Market- Industry Landscape Analysis (Premium)
    12.1 Market Share by Region
    12.2 Market Share by Industry
    12.3 Market Share by Type
13. Smart Worker Market- Key Companies by Country (Premium)
14. Smart Worker Market Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Smart Worker Market- Company Analysis
    15.1 Honeywell International Inc.
    15.2 Accenture PLC
    15.3 Intel Corporation
    15.4 Oracle Corporation
    15.5 Fujitsu Ltd.
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10

LIST OF TABLES

1.Global Smart Worker Market By Connectivity Technology Market 2019-2024 ($M)
1.1 Cellular Market 2019-2024 ($M) - Global Industry Research
1.2 Wi-Fi Market 2019-2024 ($M) - Global Industry Research
1.3 Zigbee Market 2019-2024 ($M) - Global Industry Research
1.4 Ble/Bluetooth Market 2019-2024 ($M) - Global Industry Research
1.5 Low-Power Wide-Area Network Market 2019-2024 ($M) - Global Industry Research
1.5.1 Narrowband Iot Market 2019-2024 ($M)
1.5.2 Long-Range Wide Area Network Market 2019-2024 ($M)
1.5.3 Sigfox Market 2019-2024 ($M)
1.6 Wireless Field Area Network Market 2019-2024 ($M) - Global Industry Research
1.6.1 Wireless Highway Addressable Remote Transducer Protocol Market 2019-2024 ($M)
1.6.2 Isa100 Market 2019-2024 ($M)
2.Global Smart Worker Market By Industry Market 2019-2024 ($M)
2.1 Manufacturing Market 2019-2024 ($M) - Global Industry Research
2.2 Oil & Gas Market 2019-2024 ($M) - Global Industry Research
2.3 Power & Utilities Market 2019-2024 ($M) - Global Industry Research
2.4 Construction Market 2019-2024 ($M) - Global Industry Research
2.5 Mining Market 2019-2024 ($M) - Global Industry Research
3.Global Smart Worker Market By Connectivity Technology Market 2019-2024 (Volume/Units)
3.1 Cellular Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Wi-Fi Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Zigbee Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Ble/Bluetooth Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Low-Power Wide-Area Network Market 2019-2024 (Volume/Units) - Global Industry Research
3.5.1 Narrowband Iot Market 2019-2024 (Volume/Units)
3.5.2 Long-Range Wide Area Network Market 2019-2024 (Volume/Units)
3.5.3 Sigfox Market 2019-2024 (Volume/Units)
3.6 Wireless Field Area Network Market 2019-2024 (Volume/Units) - Global Industry Research
3.6.1 Wireless Highway Addressable Remote Transducer Protocol Market 2019-2024 (Volume/Units)
3.6.2 Isa100 Market 2019-2024 (Volume/Units)
4.Global Smart Worker Market By Industry Market 2019-2024 (Volume/Units)
4.1 Manufacturing Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Oil & Gas Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Power & Utilities Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Construction Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Mining Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Smart Worker Market By Connectivity Technology Market 2019-2024 ($M)
5.1 Cellular Market 2019-2024 ($M) - Regional Industry Research
5.2 Wi-Fi Market 2019-2024 ($M) - Regional Industry Research
5.3 Zigbee Market 2019-2024 ($M) - Regional Industry Research
5.4 Ble/Bluetooth Market 2019-2024 ($M) - Regional Industry Research
5.5 Low-Power Wide-Area Network Market 2019-2024 ($M) - Regional Industry Research
5.5.1 Narrowband Iot Market 2019-2024 ($M)
5.5.2 Long-Range Wide Area Network Market 2019-2024 ($M)
5.5.3 Sigfox Market 2019-2024 ($M)
5.6 Wireless Field Area Network Market 2019-2024 ($M) - Regional Industry Research
5.6.1 Wireless Highway Addressable Remote Transducer Protocol Market 2019-2024 ($M)
5.6.2 Isa100 Market 2019-2024 ($M)
6.North America Smart Worker Market By Industry Market 2019-2024 ($M)
6.1 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
6.2 Oil & Gas Market 2019-2024 ($M) - Regional Industry Research
6.3 Power & Utilities Market 2019-2024 ($M) - Regional Industry Research
6.4 Construction Market 2019-2024 ($M) - Regional Industry Research
6.5 Mining Market 2019-2024 ($M) - Regional Industry Research
7.South America Smart Worker Market By Connectivity Technology Market 2019-2024 ($M)
7.1 Cellular Market 2019-2024 ($M) - Regional Industry Research
7.2 Wi-Fi Market 2019-2024 ($M) - Regional Industry Research
7.3 Zigbee Market 2019-2024 ($M) - Regional Industry Research
7.4 Ble/Bluetooth Market 2019-2024 ($M) - Regional Industry Research
7.5 Low-Power Wide-Area Network Market 2019-2024 ($M) - Regional Industry Research
7.5.1 Narrowband Iot Market 2019-2024 ($M)
7.5.2 Long-Range Wide Area Network Market 2019-2024 ($M)
7.5.3 Sigfox Market 2019-2024 ($M)
7.6 Wireless Field Area Network Market 2019-2024 ($M) - Regional Industry Research
7.6.1 Wireless Highway Addressable Remote Transducer Protocol Market 2019-2024 ($M)
7.6.2 Isa100 Market 2019-2024 ($M)
8.South America Smart Worker Market By Industry Market 2019-2024 ($M)
8.1 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
8.2 Oil & Gas Market 2019-2024 ($M) - Regional Industry Research
8.3 Power & Utilities Market 2019-2024 ($M) - Regional Industry Research
8.4 Construction Market 2019-2024 ($M) - Regional Industry Research
8.5 Mining Market 2019-2024 ($M) - Regional Industry Research
9.Europe Smart Worker Market By Connectivity Technology Market 2019-2024 ($M)
9.1 Cellular Market 2019-2024 ($M) - Regional Industry Research
9.2 Wi-Fi Market 2019-2024 ($M) - Regional Industry Research
9.3 Zigbee Market 2019-2024 ($M) - Regional Industry Research
9.4 Ble/Bluetooth Market 2019-2024 ($M) - Regional Industry Research
9.5 Low-Power Wide-Area Network Market 2019-2024 ($M) - Regional Industry Research
9.5.1 Narrowband Iot Market 2019-2024 ($M)
9.5.2 Long-Range Wide Area Network Market 2019-2024 ($M)
9.5.3 Sigfox Market 2019-2024 ($M)
9.6 Wireless Field Area Network Market 2019-2024 ($M) - Regional Industry Research
9.6.1 Wireless Highway Addressable Remote Transducer Protocol Market 2019-2024 ($M)
9.6.2 Isa100 Market 2019-2024 ($M)
10.Europe Smart Worker Market By Industry Market 2019-2024 ($M)
10.1 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
10.2 Oil & Gas Market 2019-2024 ($M) - Regional Industry Research
10.3 Power & Utilities Market 2019-2024 ($M) - Regional Industry Research
10.4 Construction Market 2019-2024 ($M) - Regional Industry Research
10.5 Mining Market 2019-2024 ($M) - Regional Industry Research
11.APAC Smart Worker Market By Connectivity Technology Market 2019-2024 ($M)
11.1 Cellular Market 2019-2024 ($M) - Regional Industry Research
11.2 Wi-Fi Market 2019-2024 ($M) - Regional Industry Research
11.3 Zigbee Market 2019-2024 ($M) - Regional Industry Research
11.4 Ble/Bluetooth Market 2019-2024 ($M) - Regional Industry Research
11.5 Low-Power Wide-Area Network Market 2019-2024 ($M) - Regional Industry Research
11.5.1 Narrowband Iot Market 2019-2024 ($M)
11.5.2 Long-Range Wide Area Network Market 2019-2024 ($M)
11.5.3 Sigfox Market 2019-2024 ($M)
11.6 Wireless Field Area Network Market 2019-2024 ($M) - Regional Industry Research
11.6.1 Wireless Highway Addressable Remote Transducer Protocol Market 2019-2024 ($M)
11.6.2 Isa100 Market 2019-2024 ($M)
12.APAC Smart Worker Market By Industry Market 2019-2024 ($M)
12.1 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
12.2 Oil & Gas Market 2019-2024 ($M) - Regional Industry Research
12.3 Power & Utilities Market 2019-2024 ($M) - Regional Industry Research
12.4 Construction Market 2019-2024 ($M) - Regional Industry Research
12.5 Mining Market 2019-2024 ($M) - Regional Industry Research
13.MENA Smart Worker Market By Connectivity Technology Market 2019-2024 ($M)
13.1 Cellular Market 2019-2024 ($M) - Regional Industry Research
13.2 Wi-Fi Market 2019-2024 ($M) - Regional Industry Research
13.3 Zigbee Market 2019-2024 ($M) - Regional Industry Research
13.4 Ble/Bluetooth Market 2019-2024 ($M) - Regional Industry Research
13.5 Low-Power Wide-Area Network Market 2019-2024 ($M) - Regional Industry Research
13.5.1 Narrowband Iot Market 2019-2024 ($M)
13.5.2 Long-Range Wide Area Network Market 2019-2024 ($M)
13.5.3 Sigfox Market 2019-2024 ($M)
13.6 Wireless Field Area Network Market 2019-2024 ($M) - Regional Industry Research
13.6.1 Wireless Highway Addressable Remote Transducer Protocol Market 2019-2024 ($M)
13.6.2 Isa100 Market 2019-2024 ($M)
14.MENA Smart Worker Market By Industry Market 2019-2024 ($M)
14.1 Manufacturing Market 2019-2024 ($M) - Regional Industry Research
14.2 Oil & Gas Market 2019-2024 ($M) - Regional Industry Research
14.3 Power & Utilities Market 2019-2024 ($M) - Regional Industry Research
14.4 Construction Market 2019-2024 ($M) - Regional Industry Research
14.5 Mining Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Smart Worker Market Revenue, 2019-2024 ($M)
2.Canada Smart Worker Market Revenue, 2019-2024 ($M)
3.Mexico Smart Worker Market Revenue, 2019-2024 ($M)
4.Brazil Smart Worker Market Revenue, 2019-2024 ($M)
5.Argentina Smart Worker Market Revenue, 2019-2024 ($M)
6.Peru Smart Worker Market Revenue, 2019-2024 ($M)
7.Colombia Smart Worker Market Revenue, 2019-2024 ($M)
8.Chile Smart Worker Market Revenue, 2019-2024 ($M)
9.Rest of South America Smart Worker Market Revenue, 2019-2024 ($M)
10.UK Smart Worker Market Revenue, 2019-2024 ($M)
11.Germany Smart Worker Market Revenue, 2019-2024 ($M)
12.France Smart Worker Market Revenue, 2019-2024 ($M)
13.Italy Smart Worker Market Revenue, 2019-2024 ($M)
14.Spain Smart Worker Market Revenue, 2019-2024 ($M)
15.Rest of Europe Smart Worker Market Revenue, 2019-2024 ($M)
16.China Smart Worker Market Revenue, 2019-2024 ($M)
17.India Smart Worker Market Revenue, 2019-2024 ($M)
18.Japan Smart Worker Market Revenue, 2019-2024 ($M)
19.South Korea Smart Worker Market Revenue, 2019-2024 ($M)
20.South Africa Smart Worker Market Revenue, 2019-2024 ($M)
21.North America Smart Worker By Application
22.South America Smart Worker By Application
23.Europe Smart Worker By Application
24.APAC Smart Worker By Application
25.MENA Smart Worker By Application
26.Key Players, Sales /Revenue, 2015-2018 ($Mn/$Bn)