The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Smart PPE market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Smart PPE
The report offers actionable and valuable market insights of Smart PPE. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Smart PPE Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Smart PPE, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Smart PPE Market.
The global smart personal protective equipment (PPE) market was valued at US$ ~2.9 Bn in 2019 and is projected to grow at a value CAGR of more than 15% during the forecast period 2019-2029. The smart PPE manufacturers are focusing on integrating digital technologies into the personal protective devices by installing smart sensors, using nanotechnology and intelligent materials to enhance the safety function in order to ensure people’s protection and physical comfort.
Owing to the emergence of innovative, high quality and cost-effective products, manufacturers are constantly focusing on research and development activities to develop new products that can be used in multiple end-use industries. On the back of these factors, manufacturers are adopting innovative strategies to increase their customer base which is driving the growth of smart PPE market. Owing to the multiple advantages of smart PPE devices, coupled with rapid digital advancements is foreseen to auger well over the forecast period, reveals Fact.MR.
Key Takeaways of Smart PPE Market
- The global smart protective equipment market is estimated to create an absolute $ opportunity of US$ ~8.9 Bn and is anticipated to expand 4X from 2019 through 2029
- North America will remain the most prominent region across the projection period, accounting for more than 35% share of the global market during the forecast period 2019-2029
- Multifunctional protective clothing is projected to exhibit market dominance with nearly 40% of the total market share
- Firefighting Industry is anticipated to create maximum demand for smart personal protective equipment as manufacturers are integrating ICT services with smart PPE to prevent accidents
“The global smart personal protective equipment market is primarily driven by government initiatives about safety at the workplace. With stiff competition, the leading players are paving the way for product innovation to retain their position in the market.” says a Fact.MR analyst.
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Product Innovation to Remain Key Strategy in Smart PPE Market
The smart PPE market is moderately fragmented with several players occupying market share. Some of the prominent players in smart PPE market are 3M Co., Baker Hughes, a GE Co. LLC, Honeywell International Inc., MSA Safety, uvex Group, Vuzix Corp., Dragerwerk AG, DAQRI, Human Condition Safety, Intellinium, Seebo, among others. Smart PPE market is highly competitive and leading industry players are introducing new products to gain a competitive edge over other players in the market. For instance,
- In 2019, uvex launched its 2 trend safety shoe range which can be used in assembly hall and production line and is suitable for medium applications such as metal works, maintenance and logistics
- In 2018, 3M introduced Peltor X Series Ear Muffs. The product is designed to meet the needs of industrial applications by providing moderate to high level of attenuation
Key Segments of Smart PPE Market
Fact.MR’s study on the smart PPE market offers information divided into three key segments-product types, end-use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
- Protective Clothing
- Head, Eye, and Face Protection
- Protective Footwear
- Hearing Protection
- Respiratory Protection
- Hand Protection
- Oil and Gas
- Healthcare Facilities
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
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Key Question answered in the survey of Smart PPE market report:
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- Growth of Smart PPE Market
- Market Analysis of Smart PPE
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- Key Drivers Impacting the Smart PPE market
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- Restraints Shaping Market Growth
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More Valuable Insights on Smart PPE Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Smart PPE, Sales and Demand of Smart PPE, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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