Market Trends of Smart Personal Protective Equipment Industry
This section covers the major market trends shaping the Smart Personal Protective Equipment Market according to our research experts:
The usage of Smart PPE in construction to witness a significant growth
- On an average in the United States two construction workers die of work-related injuries every day and one in five workplace fatalities are related to construction. The major causes for the accidents of the construction-related injuries are falls, struck-by an object and getting caught between objects. To prevent this the construction companies are trying to increase the saftey of workers by adopting Smart PPE's.
- Companies which are unrelated to Personal Protective Equipment have realized the market opportunity and the augmented reality company Daqri's developed a product which is a smart construction helmet that increases efficiency of the user through connectivity with the control room and data about their environment and actions they perform.
- Companies such as HazardEx are developing smart helmets thatuse meta sensors to evaluate situations, providing information and significantly enhancing their protective function. The chip or sensor can be programmed such that it can do almost anything to make the wearer safe. For instance, it could provide a GPS tracking system for lone workers in environments which include big construction sites.
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North America is Expected to Hold Significant Share
- North America is expected to hold a potentially significant share, thereby creating an impact in the Smart PPE Market. The region has substantial dominance with sustainable and well-established economies, empowering them to invest in R&D activities actively in IoT technology which forms the basis for Smart PPE and even in various connectivity technologies that are involved.
- According to the 2019 US Bureau of Labor Statistics, during every 7 seconds a worker is injured on the job which translates to almost 4.6 million a year. The numbers are staggering, where each injury is preventable and taking preventative action can prevent workers needless pain and suffering. This is one of thr driving factors for the development of Smart PPE in this region which gives substantial edge over traditional PPE.
- There are many startup's growing in the region who engage in development of Smart PPE's. The global insurance company, American International Group (AIG), has already invested in a smart PPE startup where the company utilizes technologies such as artificial intelligence and cloud computing to monitor worker safety and health.
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