Smart Wearables for Nuclear Energy Market: Introduction
- Introduction of the Industry 4.0 revolution has led to an increase in the usage of automation, and IoT and AI-based system in various industries. This emerging technology is enabling nuclear power plants to improve efficiency of operations.
- The nuclear energy industry follows high standards of safety and security; hence, companies are involved in R&D activities to develop the smart wearables
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Key Drivers and Restraints of Smart Wearables for Nuclear Energy Market
- Implementation of stringent government rules and regulations about health and safety is a key driver of the smart wearables for nuclear energy market. Working in nuclear power plant can be dangerous for employees. In order to prevent major accidents, governments across the globe are enforcing stringent rules and regulations regarding health and safety of workers and environment. Smart wearables help employees working in nuclear power plants to be safe, as these device can detect and predict minute errors.
- High cost of smart wearables is a major restraint of the smart wearables for nuclear energy market. Smart wearable devices are also delicate. Thus, high cost and delicateness are major factors hampering the global smart wearables for nuclear energy market.
Global Smart Wearables for Nuclear Energy Market Segmentation
- The global smart wearables for nuclear energy market can be segmented based on device type and component
- In terms of device type, the smart wearables for nuclear energy market can be classified into smart eyewear, virtual reality headset, smart helmet, sensor embedded in clothing, smart watch, and others. Demand for smart watches is high in the nuclear power industry. These smart watches can monitor employee’s health as well as the environment around them. Furthermore, these watches can continuously send data to the connected server, which can predict the errors and prevent accidents.
- Based on component, the market can be bifurcated into hardware and software. The hardware segment dominated the market in 2019. The software segment is expected to expand at a fast pace in the near future due to the increase in adoption of IoT and AI-based systems.
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Global Smart Wearables for Nuclear Energy Market: Regional Segmentation
- Based on region, the global smart wearables for nuclear energy market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
- North America dominated the global smart wearables for nuclear energy market in 2019. The market in the region is expected to expand at a significant pace during the forecast period, as demand for smart wearable is high in the nuclear energy industry in the U.S. and Canada. The U.S. is the leading country in the world in terms of number of nuclear plants. It is the leading country to use and implement AI and IoT-based systems.
- Asia Pacific is projected to account for vital share of the global smart wearables for nuclear energy market in the near future. China, Japan, and India are major hubs of smart wearable companies. This is likely to boost the market in the region in the near future.
- The market in Europe is projected to expand at a steady pace during the forecast period. Led by stringent rules and regulations enacted by governments of countries in the region, nuclear plants are using smart wearable devices for health and safety of employees.
Key Developments
- In November 2019, Ansell Ltd, a global leader in safety solutions, announced it had entered into a partnership with ProGlove, a leading provider of industrial wearables, to develop hand protection solutions utilizing IoT or AI technology to ensure the right personal protective equipment compliance in the workplace. This allows Ansell PPE to use industrial Internet of Things (IIoT) innovation in order to create a safer work environment.
Key Players Operating in Smart Wearables for Nuclear Energy Market
- TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
- 3M
- ANSELL LTD.
- Eigen
- Apple Inc.
- SAMSUNG ELECTRONICS CO., LTD.
- Wearable Technologies Limited
- Alphabet Inc
- VUZIX
- FUJITSU
Global Smart Wearables for Nuclear Energy Market: Research Scope
Global Smart Wearables for Nuclear Energy Market, by Device Type
- Smart Eyewear
- Virtual Reality Headset
- Smart Helmet
- Sensors Embedded in Clothing
- Smart Watch
- Others
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Global Smart Wearables for Nuclear Energy Market, by Component
- Hardware
- Software
Global Smart Wearables for Nuclear Energy Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- South Korea
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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