Smart Worker Market by Offering (Hardware, Software, Service), Connectivity Type (BLE/Bluetooth, LPWAN, WFAN), Industry (Manufacturing, Oil & Gas, Construction, Power & Utilities, Mining), and Geography - Global Forecast to 2023
[126 Pages Report] The smart worker market is expected to reach USD 4.40 Billion by 2023 from USD 1.62 Billion in 2017, at a CAGR of 18.69% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. The objective of the report is to provide a detailed analysis of the market based on offering, connectivity technology, industry, and geography. The report also provides information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges), along with the detailed value chain. In addition, the key players in the smart worker market have been strategically profiled, and their market ranking and core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as product launches and developments, acquisitions, partnerships, collaborations, contracts, and expansions adopted by them to grow in the market.
This research study involves an extensive use of secondary sources, directories, and databases (such as annual reports, press releases, journals, U.S. Bureau of Labor Statistics, Health and Safety Executive, UK, OSHA, Institute of Electrical and Electronics Engineers (IEEE), company websites, and other paid databases) to identify and collect information useful for this study. The entire procedure includes the study of the financial reports of top market players. After arriving at the overall market size, the total market has been split into several segments and subsegments, and this data has been confirmed with the key industry experts, such as CEOs, VPs, directors, and marketing executives. The figure provided below shows the breakdown of primaries based on company type, designation, and region conducted during the research study.
To know about the assumptions considered for the study, download the pdf brochure
Honeywell (US), DAQRI (US), Fujitsu (Japan), Accenture (Republic of Ireland), Vandrico (Canada), Intellinium (France), Avnet (US), 3M (US), Oracle (US), Zebra Technologies (US), Parsable (US), Rice Electronics (US), Softweb Solutions (US), Recon Instruments (Canada), Wearable Technologies Limited (UK), Corvex Connected Safety (US), ProGlove (Germany), Smart Track (Italy), hIOTron (India), and Solution Analysts (India) are some major players in the smart worker market.
Target Audience:
- End users of smart worker solutions
- Smart worker solution providers
- Smart worker solution distributors
- Research organizations and consulting companies pertaining to smart worker solutions
- Associations, organizations, forums, and alliances related to smart worker solutions
- Venture capitalists, private equity firms, and start-up companies
The market, in this report, has been segmented as follows:
- By Offering:
- Hardware
- Software
- Services
- By Connectivity Technology:
- Bluetooth/Bluetooth Low Energy (BLE)
- Wi-Fi
- Zigbee
- Cellular
- Low-Power Wide-Area Network (LPWAN)
- NBIoT
- LoRaWAN
- SIGFOX
- Wireless Field Area Network (WFAN)
- WirelessHART
- ISA100
- By Industry:
- Manufacturing
- Oil & Gas
- Mining
- Construction
- Power & Utilities
- Others (Agriculture and Firefighting)
- By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of Europe [Scandinavian, Baltic, and other Eastern and Southern European Countries; Israel; and Commonwealth of Independent States (CIS)]
- Asia Pacific (APAC)
- China
- Japan
- South Korea
- Rest of APAC [Indian Subcontinent, Southeast Asia, and Australia]
- Rest of the World (RoW)
- South America
- Middle East and Africa
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the smart worker market report:
Company Information
- Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain
Vertical Analysis
- Further analysis on one of the upcoming industry, firefighting
Connectivity Technology Analysis
- Further breakdown of the connectivity technology segment, by country
The smart worker market is expected to be valued at USD 1.87 Billion in 2018 and is likely to reach USD 4.40 Billion by 2023, at a CAGR of 18.69% between 2018 and 2023. The growing adoption of industrial IoT and the increasing focus of manufacturing companies on energy efficiency, resource optimization, and reduction in production and operating costs are driving the growth of the market for smart worker solutions. Further, the growing stringency in occupational health and safety regulations across the world is also contributing to the market growth.
The demand for smart worker solutions across various applications in the oil & gas industry is expected to grow significantly over the next 5 years. The manufacturing industry accounted for the largest market share in 2017. The oil & gas industry is at the forefront of adopting smart worker solutions. The use of IoT-enabled smart worker solutions help the oil & gas industry to monitor workers health and improve their safety in hazardous environments.
The market for software used in smart worker solutions is expected to grow at the highest CAGR between 2018 and 2023. This can be due to its capability to enable supervisors to track time, safety, wellness, productivity, location, and working environment of workers, among many others, and to analyze the situation accurately.
North America held the largest share of the smart worker market in 2017 and is expected to witness significant growth during the forecast period owing to the presence of large manufacturing and oil and gas companies operating in this region. The region, along with Europe, is one of the pioneers in adopting new technologies, which is also one of the key factors for the high CAGR in this region.
The need for huge capital investment for the deployment of smart worker solutions is anticipated to restrict the market growth primarily in SMEs. Further, the lack of technological awareness among blue-collar workers is expected to pose challenges to the market players.
Some key players in the smart worker market are Honeywell (US), DAQRI (US), Fujitsu (Japan), Accenture (Republic of Ireland), Vandrico (Canada), Intellinium (France), Avnet (US), 3M (US), Oracle (US), Zebra Technologies (US), Parsable (US), Rice Electronics (US), Softweb Solutions (US), Recon Instruments (Canada), Wearable Technologies Limited (UK), Corvex Connected Safety (US), ProGlove (Germany), Smart Track (Italy), hIOTron (India), and Solution Analysts (India). These players adopted strategies such as product launches and developments, acquisitions, partnerships, expansions, funding, and contracts to grow in the market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities for Smart Worker Market
4.2 Market, By Offering
4.3 Market, By Industry
4.4 Market in North America, By Country and Industry
4.5 Market, By Country
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Focus of Manufacturing Companies on Energy Efficiency, Resource Optimization, and Reduction in Production and Operating Costs
5.2.1.2 Stringent Occupational Health and Safety Regulations Across the World
5.2.1.3 High Adoption of the Iiot Platform
5.2.2 Restraints
5.2.2.1 Requirement of Huge Capital Investment for Deployment of Smart Worker Solutions
5.2.3 Opportunities
5.2.3.1 Adoption of Ar/Vr in Diverse Industrial Applications
5.2.3.2 Significant Potential for Enhancing Safety and Effectiveness of Fire Services
5.2.4 Challenges
5.2.4.1 Technological Awareness Among Workers
5.3 Value Chain Analysis
6 Smart Worker Market, By Offering (Page No. - 40)
6.1 Introduction
6.2 Hardware
6.2.1 Smart Protective Textile Products
6.2.2 Smart Head Protection Tools
6.2.3 Smart Eyewear
6.2.4 Smart Hearing Protection Devices
6.2.5 Other Smart Safety Equipment
6.3 Software
6.4 Services
7 Smart Worker Market, By Connectivity Technology (Page No. - 47)
7.1 Introduction
7.2 Cellular
7.3 Wi-Fi
7.4 Zigbee
7.5 Ble/Bluetooth
7.6 Low-Power Wide-Area Network (Lpwan)
7.6.1 Narrowband Iot (Nb-Iot)
7.6.2 Long-Range Wide Area Network (Lorawan)
7.6.3 Sigfox
7.7 Wireless Field Area Network (Wfan)
7.7.1 Wireless Highway Addressable Remote Transducer Protocol (Wireless Hart)
7.7.2 Isa100
8 Smart Worker Market, By Industry (Page No. - 54)
8.1 Introduction
8.2 Manufacturing
8.3 Oil & Gas
8.4 Power & Utilities
8.5 Construction
8.6 Mining
8.7 Others
9 Geographic Analysis (Page No. - 61)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.4 Asia Pacific (APAC)
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.5 Rest of the World (RoW)
9.5.1 Middle East & Africa
9.5.2 South America
10 Competitive Landscape (Page No. - 87)
10.1 Overview
10.2 Ranking Analysis
10.3 Competitive Scenario
10.3.1 Product Launches and Developments, and Demonstrations
10.3.2 Mergers and Acquisitions
10.3.3 Partnerships, Collaborations, and Strategic Alliances
10.3.4 Contracts and Agreements
10.3.5 Expansions
11 Company Profiles (Page No. - 93)
11.1 Key Players
11.1.1 Honeywell
11.1.2 Daqri
11.1.3 Fujitsu
11.1.4 Accenture
11.1.5 Vandrico
11.1.6 Intellinium
11.1.7 Avnet
11.1.8 3M
11.1.9 Oracle
11.1.10 Zebra Technologies (ZIH Corp.)
11.2 Other Companies
11.2.1 Parsable
11.2.2 Rice Electronics
11.2.3 Softweb Solutions (Iot Connect)
11.2.4 Recon Instruments (An Intel Company)
11.2.5 Wearable Technologies Limited
11.2.6 Corvex Connected Safety
11.2.7 Proglove
11.2.8 Smart Track S.R.L
11.2.9 Hiotron
11.2.10 Solution Analysts
12 Appendix (Page No. - 117)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (73 Tables)
Table 1 Smart Worker Market, By Offering, 20152023 (USD Million)
Table 2 Market for Hardware, By Safety Equipment, 20152023 (USD Million)
Table 3 Market for Hardware, By Region, 20152023 (USD Million)
Table 4 Market for Smart Protective Textiles Products, By Region, 20152023 (USD Million)
Table 5 Market for Smart Head Protection Tools, By Region, 20152023 (USD Million)
Table 6 Market for Smart Eyewear, By Region, 20152023 (USD Million)
Table 7 Market for Smart Hearing Protection Devices, By Region, 20152023 (USD Million)
Table 8 Smart Worker Market for Other Smart Safety Equipment, By Region, 20152023 (USD Million)
Table 9 Market for Software, By Region, 20152023 (USD Million)
Table 10 Market for Services, By Region, 20152023 (USD Million)
Table 11 Market, By Connectivity Technology, 20152023 (USD Million)
Table 12 Market for Cellular Technology, By Region, 20152023 (USD Million)
Table 13 Market for Wi-Fi Technology, By Region, 20152023 (USD Million)
Table 14 Market for Zigbee Technology, By Region, 20152023 (USD Million)
Table 15 Market for Ble/Bluetooth Technology, By Region, 20152023 (USD Million)
Table 16 Market for Lpwan Technologies, By Region, 20152023 (USD Million)
Table 17 Market for Wfan Technologies, By Region, 20152023 (USD Million)
Table 18 Market, By Industry, 20152023 (USD Million)
Table 19 Market for Manufacturing Industry, By Region, 20152023 (USD Million)
Table 20 Smart Worker Market for Oil & Gas Industry, By Region, 20152023 (USD Million)
Table 21 Market for Power & Utilities Industry, By Region, 20152023 (USD Million)
Table 22 Market for Construction Industry, By Region, 20152023 (USD Million)
Table 23 Market for Mining Industry, By Region, 20152023 (USD Million)
Table 24 Market for Other Industries, By Region,20152023 (USD Million)
Table 25 Market, By Region, 20152023 (USD Million)
Table 26 Market in North America, By Country, 20152023 (USD Million)
Table 27 Market in North America, By Offering, 20152023 (USD Million)
Table 28 Market for Hardware in North America, By Safety Equipment, 20152023 (USD Million)
Table 29 Market in North America, By Connectivity Technology, 20152023 (USD Million)
Table 30 Market in North America, By Industry, 20152023 (USD Million)
Table 31 Market in Us, By Offering, 20152023 (USD Million)
Table 32 Market in Us, By Industry, 20152023 (USD Million)
Table 33 Market in Canada, By Offering, 20152023 (USD Million)
Table 34 Market in Canada, By Industry, 20152023 (USD Million)
Table 35 Market in Mexico, By Offering, 20152023 (USD Million)
Table 36 Market in Mexico, By Industry, 20152023 (USD Million)
Table 37 Market in Europe, By Country, 20152023 (USD Million)
Table 38 Market in Europe, By Offering, 20152023 (USD Million)
Table 39 Market for Hardware in Europe, By Safety Equipment, 20152023 (USD Million)
Table 40 Market in Europe, By Connectivity Technology, 20152023 (USD Million)
Table 41 Market in Europe, By Industry, 20152023 (USD Million)
Table 42 Market in Germany, By Offering, 20152023 (USD Million)
Table 43 Market in Germany, By Industry, 20152023 (USD Million)
Table 44 Market in UK, By Offering, 20152023 (USD Million)
Table 45 Market in UK, By Industry, 20152023 (USD Million)
Table 46 Market in France, By Offering, 20152023 (USD Million)
Table 47 Market in France, By Industry, 20152023 (USD Million)
Table 48 Smart Worker Market in Asia Pacific, By Country, 20152023 (USD Million)
Table 49 Market in APAC, By Offering, 20152023 (USD Million)
Table 50 Smart Worker Hardware Market in APAC, By Safety Equipment, 20152023 (USD Million)
Table 51 Market in APAC, By Connectivity Technology, 20152023 (USD Million)
Table 52 Market in APAC, By Industry, 20152023 (USD Million)
Table 53 Market in China, By Offering, 20152023 (USD Million)
Table 54 Market in China, By Industry, 20152023 (USD Million)
Table 55 Market in Japan, By Offering, 20152023 (USD Million)
Table 56 Market in Japan, By Industry, 20152023 (USD Million)
Table 57 Market in South Korea, By Offering, 20152023 (USD Million)
Table 58 Market in South Korea, By Industry, 20152023 (USD Million)
Table 59 Market in RoW, By Region, 20152023 (USD Million)
Table 60 Market in RoW, By Offering, 20152023 (USD Million)
Table 61 Smart Worker Hardware Market in RoW, By Safety Equipment, 20152023 (USD Million)
Table 62 Market in RoW, By Connectivity Technology, 20152023 (USD Million)
Table 63 Market in RoW, By Industry, 20152023 (USD Million)
Table 64 Market in Middle East & Africa, By Offering,20152023 (USD Million)
Table 65 Market in Middle East & Africa, By Industry, 20152023 (USD Million)
Table 66 Market in South America, By Offering, 20152023 (USD Million)
Table 67 Market in South America, By Industry, 20152023 (USD Million)
Table 68 Rank of Smart Worker Market Players, 2017
Table 69 10 Most Recent Product Launches, Demonstrations, and Developments in Market
Table 70 Mergers and Acquisitions, and Funding in Market
Table 71 Partnerships, Collaborations, and Strategic Alliances in Market
Table 72 Contracts in Smart Worker Market
Table 73 Expansions in Market
List of Figures (37 Figures)
Figure 1 Smart Worker Market Segmentation
Figure 2 Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at Market Size
Figure 5 Data Triangulation
Figure 6 Market, 20152023 (USD Billion)
Figure 7 Market, By Offering, 2018 vs. 2023 (USD Million)
Figure 8 Market, By Connectivity Technology, 20152023 (USD Million)
Figure 9 Market, By Industry (2016, 2018, and 2023)
Figure 10 Smart Worker Market, By Region (2017)
Figure 11 Stringent Regulatory Compliances in Terms of Worker Safety Drive Market Growth
Figure 12 Software to Account for Larger Share of Market Based on Offerings By 2023
Figure 13 Manufacturing Industry to Hold Largest Size of Market By 2023
Figure 14 US Held Largest Share of North American Market in 2017
Figure 15 China to Exhibit Significant Growth in Market During 20182023
Figure 16 Smart Worker Market Dynamics
Figure 17 Fatal Occupational Injuries in Us, By Industry, 2016
Figure 18 Fatal Injuries Due to Accidents at Work in UK: Headline Results 2016/17
Figure 19 Firefighting Fatalities in Us, 20062016
Figure 20 Value Chain Analysis
Figure 21 Smart Worker Market for Software to Grow at Highest Cagr During Forecast Period
Figure 22 Cellular Technology-Based Smart Worker Solutions to Lead Market During Forecast Period
Figure 23 Oil & Gas Industry to Exhibit Highest Cagr in Market During Forecast Period
Figure 24 Mining Fatalities in US Coal Mines, 20082017
Figure 25 Geographic Snapshot of Smart Worker Market
Figure 26 Market Snapshot in North America
Figure 27 Market Snapshot in Europe
Figure 28 Market Snapshot in APAC
Figure 29 Market Snapshot in RoW
Figure 30 Key Developments Adopted By Leading Players in Market Between January 2015 and January 2018
Figure 31 Honeywell: Company Snapshot (2016)
Figure 32 Fujitsu: Company Snapshot
Figure 33 Accenture: Company Snapshot
Figure 34 Avnet: Company Snapshot
Figure 35 3M: Company Snapshot
Figure 36 Oracle: Company Snapshot
Figure 37 Zebra Technologies (ZIH Corp.): Company Snapshot
Growth opportunities and latent adjacency in Smart Worker Market