Dublin, Jan. 13, 2020 (GLOBE NEWSWIRE) — The “Wearable Tech in Construction – Thematic Research” report has been added to ResearchAndMarkets.com's offering.
This thematic research report explores wearable technology and its use cases in old and new contexts as well in construction.
Wearables have the potential to transform the construction industry through the ability to improve safety and efficiency for workers. Safety is being spearheaded by innovations such as gyroscopes, emergency alerts, and tracking devices, while GPS-enabled wearables and Artificial Intelligence (AI) technology are leading improvement in efficiency on construction sites.
The wearable tech industry was worth nearly $23bn in 2018 and will grow at a compound annual growth rate (CAGR) of 19% to reach $54bn by 2023.
Growth in the wearable tech industry will be driven by the utilization of many countries' aging workforces in remote support roles for a younger generation of workers through AI and smart glasses technology, as well as wearable exoskeletons as an aid for workers' physical support during strenuous tasks where there is risk of injury.
Safety and efficiency are two primary …
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