Global Smart PPE Market, 2019

Global Smart PPE Market - Growth Opportunities, Analysis, Forecast, Global,2019

Connected Worker Ecosystems will Transform the Role of PPE , personal protective equipment market , ppe market , ppe in industry

RELEASE DATE
28-Feb-2020
REGION
Global
Research Code: MF41-01-00-00-00
SKU: PP00194-GL-MR_24007
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Description

In the universe of safety and protection, the concept of smart personal protective equipment (PPE) is an exciting opportunity that has the potential, in time, to reshape the future of PPE. However, companies have struggled to gain traction in the market. PPE is, often, thought of as a low-cost investment, and buyers struggle to understand the benefits of a smart product that costs many times more.

For that reason, there has been a divergence in recent years, with smart technology being sold to end users as a separate entity, rather than something integrated within PPE. In 2018, Frost & Sullivan saw a major upturn in interest in smart PPE, from a number of perspectives. External factors that are enabling an improved outlook for smart PPE include:
•     Wider digital transformation trends, such as Industry 4.0 in the end markets for PPE, increasing each industries’ awareness of the potential benefits of data
•     Interest from the insurance industry, which is beginning to see workplace safety as an area to replicate the successes being achieved in integrating smart technology into vehicle insurance and home insurance

This presentation incorporates Frost & Sullivan’s latest thinking on smart PPE, based on multiple pieces of research through 2018 and 2019.
There are a number of potential definitions of what ‘smart’ PPE encompasses, depending on the combination of 3 factors. These 3 factors combine to create 6 distinct areas of opportunities.

Much of the added safety benefits provided by smart technology will likely come from distinct devices, rather than technology that has been integrated into a traditional piece of PPE. Nevertheless, they might be attached to a jacket, for instance.
Several products marketed as smart PPE have little ‘safety’ functionality, such as glasses with augmented reality (AR) that are used primarily for job productivity (as opposed to safety) benefits.

Companies are still uncertain about whether it is better to integrate smart functionality into the PPE, or to have a distinct gadget for it.
Smart PPE exists at the point where safety, wearability, and smart technology converge. In this context, ‘wearable’ literally means something one wears. Some industry participants use the word to mean ‘wearable technology’.

The Smart PPE market could more formally differentiate into 2 themes:
•     Smart = reacting to the environment, intervening without the worker having to. (This is a developed concept that uses smart technology to enhance the safety performance of PPE. Several ‘intelligent’ safety solutions exist that do not rely on electronics.)
•     Smart = associated with IoT/digital workplaces, data, or communication. (Not as well developed, this concept is broader in scope, as it takes PPE into the realm of the ‘connected’ working”. There is a long road to travel in terms of data privacy and data security. There are challenges, and companies are working hard to find solutions.)

Author: Brian Balmer

Table of Contents

Overview

Research Scope and Definitions

Research Scope and Definitions (continued)

Factors Driving Demand for Smart PPE

Product Push

Product Push (continued)

Trends by PPE Product Type

Case Study—Intellinium

Safety

1. Smart Communication

2. Preventing Accidents

3. Ensuring Compliance

4. Monitoring

5. Detecting EOL

New Uses of PPE

Smart PPE Creating New Uses for PPE

Smart PPE Creating New Uses for PPE (continued)

Reducing Insurance Liability

Reducing Insurance Liability (continued)

Reducing Insurance Liability—Case Studies

Reducing Insurance Liability—Case Studies (continued)

Market Pull

Market Pull—Oil & Gas

Market Pull—Chemicals

Market Pull—Manufacturing

Growth Opportunity—Data Monetisation

Strategic Imperatives for Success and Growth

Summary

Market Challenges

Market Challenges (continued)

Conclusions

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

Three Tiers of Smart Functionality

Smart PPE—Product Push

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

In the universe of safety and protection, the concept of smart personal protective equipment (PPE) is an exciting opportunity that has the potential, in time, to reshape the future of PPE. However, companies have struggled to gain traction in the market. PPE is, often, thought of as a low-cost investment, and buyers struggle to understand the benefits of a smart product that costs many times more. For that reason, there has been a divergence in recent years, with smart technology being sold to end users as a separate entity, rather than something integrated within PPE. In 2018, Frost & Sullivan saw a major upturn in interest in smart PPE, from a number of perspectives. External factors that are enabling an improved outlook for smart PPE include: • Wider digital transformation trends, such as Industry 4.0 in the end markets for PPE, increasing each industries’ awareness of the potential benefits of data • Interest from the insurance industry, which is beginning to see workplace safety as an area to replicate the successes being achieved in integrating smart technology into vehicle insurance and home insurance This presentation incorporates Frost & Sullivan’s latest thinking on smart PPE, based on multiple pieces of research through 2018 and 2019. There are a number of potential definitions of what ‘smart’ PPE encompasses, depending on the combination of 3 factors. These 3 factors combine to create 6 distinct areas of opportunities. Much of the added safety benefits provided by smart technology will likely come from distinct devices, rather than technology that has been integrated into a traditional piece of PPE. Nevertheless, they might be attached to a jacket, for instance. Several products marketed as smart PPE have little ‘safety’ functionality, such as glasses with augmented reality (AR) that are used primarily for job productivity (as opposed to safety) benefits. Companies are still uncertain about whether it is better to integrate smart functionality into the PPE, or to have a distinct gadget for it. Smart PPE exists at the point where safety, wearability, and smart technology converge. In this context, ‘wearable’ literally means something one wears. Some industry participants use the word to mean ‘wearable technology’. The Smart PPE market could more formally differentiate into 2 themes: • Smart = reacting to the environment, intervening without the worker having to. (This is a developed concept that uses smart technology to enhance the safety performance of PPE. Several ‘intelligent’ safety solutions exist that do not rely on electronics.) • Smart = associated with IoT/digital workplaces, data, or communication. (Not as well developed, this concept is broader in scope, as it takes PPE into the realm of the ‘connected’ working”. There is a long road to travel in terms of data privacy and data security. There are challenges, and companies are working hard to find solutions.) Author: Brian Balmer
More Information
New Title Global Smart PPE Market - Growth Opportunities, Analysis, Forecast, Global,2019
New Subtitle Connected Worker Ecosystems will Transform the Role of PPE , personal protective equipment market , ppe market , ppe in industry
No Index No
Podcast No
Author Brian Balmer
Industries Personal Protective Equipment
WIP Number MF41-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9310,9595