Intelligent CISO Issue 92 | Page 43

T technology market size is witnessing substantial growth. It is projected to expand from US $ 4.15 billion in 2024 to US $ 4.6 billion in 2025, exhibiting a compound annual growth rate( CAGR) of 10.8 %. This growth is primarily driven by heightened jobsite safety concerns, increased integration of Internet of Things( IoT) technologies, the pursuit of improved productivity, innovation in wearable tech and a strong emphasis on worker health monitoring.
INDUSTRY BUILD. TECH

Construction wearable technology market valued at US $ 4.6 billion in 2025

he construction wearable

T technology market size is witnessing substantial growth. It is projected to expand from US $ 4.15 billion in 2024 to US $ 4.6 billion in 2025, exhibiting a compound annual growth rate( CAGR) of 10.8 %. This growth is primarily driven by heightened jobsite safety concerns, increased integration of Internet of Things( IoT) technologies, the pursuit of improved productivity, innovation in wearable tech and a strong emphasis on worker health monitoring.

Looking ahead, the market is expected to reach US $ 6.85 billion by 2029, maintaining a
CAGR of 10.5 %. Factors such as the escalating need for remote monitoring, investments in smart personal protective equipment( PPE), digitisation of construction sites and innovative solutions to labour shortages will fuel this growth. Notable trends include advancements in AI-powered safety sensors, self-charging wearable systems, ergonomic exoskeleton designs, real-time health monitoring and augmented reality interfaces.
The spike in workplace accidents also underscores the significance of these technologies. Poor safety training is a leading contributor, leaving workers vulnerable to site hazards. Construction wearables mitigate such risks by enabling real-time health and safety monitoring and improving job site efficiency through data insights and immediate alerts. For example, the Bureau of Labor Statistics noted a 5.7 % increase in fatal work-related injuries in the US from 2021 to 2022, emphasising the urgency for technology-driven safety measures.
Companies are pushing the envelope with innovative products like AI-powered exoskeletons, which enhance efficiency and reduce physical strain. In May 2025, German Bionic introduced Exia, an AI-driven exoskeleton that provides intelligent motion sensing and real-time analytics, optimising support based on user movements. This innovation highlights the growing trend toward AI integration in construction wearables aimed at improving worker wellbeing and efficiency. Collaborations are enhancing market capabilities. In May 2022, Kwant. ai partnered with Actility SA to develop smarter job sites using LoRaWAN tracking devices and real-time analytics for monitoring. This synergy aims to boost productivity and safety globally, showcasing the market’ s commitment to leveraging connected intelligence.
Prominent players in the market include 3M Company, Trimble., Magic Leap, RealWear and German Bionic GmbH, among others. North America leads the market, while key regions such as Asia-Pacific, Western Europe and others offer significant opportunities.
Global trade relations and tariffs significantly affect this market. Recent US tariffs impact material procurement and project costs, urging the sector to focus on local sourcing, modular construction and supply chain diversification.
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