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Smart Personal Protective Equipment (PPE) Market 2020-2024 | Risks of Physical Injuries in Labor-intensive Industries to Boost Market Growth | Technavio

The smart personal protective equipment (PPE) market is expected to grow by USD 1.85 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.

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Technavio has announced its latest market research report titled Global Smart Personal Protective Equipment (PPE) Market 2020-2024 (Graphic: Business Wire)

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Market estimates include pre- and post-COVID-19 impact on the smart personal protective equipment (PPE) market - Request a free sample report

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Labor-intensive industries such as automotive, manufacturing, construction, chemicals, and food processing are usually associated with injuries to the hands, such as cuts and chemical burns. These injuries might result in lacerations or amputations. They also increase the need for emergency room visits and can result in costly workers’ compensation claims. The increasing incidence of impact-related hand injuries in industrial activities is forcing employers to mandate the use of protective hand equipment for their employees. These factors have significantly increased the demand for smart PPE, which is driving the growth of the market.

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As per Technavio, new product launches will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Smart Personal Protective Equipment (PPE) Market: New Product Launches

Many global and local players in the smart PPE market are focusing on expanding their market share by launching new and innovative products. For instance, in May 2018, Honeywell launched its handsfree, wearable Honeywell Connected Plant technology. The new Skills Insight Intelligent Wearables range of the company features head-mounted visual display that responds to voice and brings live data, documents, work procedures, as well as health and safety information into view. It allows the workers to send and receive messages without the need for smartphones. Such successful product launches are fueling the growth of the global smart PPE market.

"High demand from the firefighting industry and the launch of new products with integrated IoT solutions will further boost market growth during the forecast period", says a senior analyst at Technavio.

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Smart Personal Protective Equipment (PPE) Market: Segmentation Analysis

This market research report segments the smart personal protective equipment (PPE) market by End-user (Firefighting industry, Manufacturing industry, Construction industry, Oil and gas industry, and Mining Industry) and Geography (North America, Europe, APAC, South America, and MEA).

The North America region led the smart personal protective equipment (PPE) market in 2019, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to provide significant growth opportunities for market players.

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200626005373/en/

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