The increasing cases of the covid-19 pandemic, greater awareness of risk, and imposition of protective measures are driving the global social distancing market.
Covid-19 Impact & Market Status
In the aftermath of the COVID-19 epidemic, the paper evaluates the elements that will create a multibillion-dollar market for social distancing solutions. As the capacity to monitor and trace grows more prevalent, the publishers see this market potential developing in a post-vaccine era to limit the spread of disease beyond those most at risk to include nearly everyone. The research offers market predictions for social distancing solutions from 2021 through 2026 and examines supplier strategies and capacities to supply answers. According to our findings, these similar solutions will have significant relevance in a post-vaccine environment with various use cases.
The post-pandemic period adequately explains ongoing citizen identification and location and social contact surveillance and tracing. All critical technologies used are assessed throughout this report, including radio transmissions with devices, visual assessment via video and still images, and even advanced biometrics such as different physiological signatures and presence, which can be discovered by ubiquitous sensors and analyzed using AI-enabled analytics.
In identifying, tracking, and tracing human behaviors, several of the technology used for computer processing and assessment, such as computer vision for autonomous cars, will be upgraded to be used in the social distancing solutions market.
This global social distancing market report study investigates the current state and financial performance of global social distancing market. The objective is to identify the problems and suggest solutions for market fortification. The report studies the market in detail such as financial dynamics, risk, opportunities, and issues that need to be addressed. In summary, this research report on global social distancing market will be beneficial to market players and aspirants.
Protective Wear Segment Accounted For Highest Market Share
The global social distancing market is classified into top wear, bottom wear, overall protective wear, and accessories on the basis of type. Among these, the protective wear segment accounted for the highest market share in the global social distancing market owing to key factors such as growing awareness about protective measures against covid-19, strict social distancing rules imposed by the government, and a growing population wearing protective products to stay safe against covid-19.
UWB Wearables Witnessed Strong Progress
The global social distancing market is classified into mobile applications, Bluetooth, wifi analytics, video analytics, and UWB wearables on the basis of Technology Type. Among these, the UWB wearables witnessed strong progress in the global social distancing market. The key benefits of UWB wearables such as high data transfer rates, accuracy, power saving, easy implementation, and immunity to multipath effect are increasing its demand furthering its development in the global social distancing market.
Individual Segment Accounted For Maximum Market Share
The global social distancing market is classified into healthcare and individual on the basis of Applications. Among these, the individual segment accounted for maximum market share and is anticipated to grow with the highest CAGR in the forecast years 2021-2028.
North America Is Poised For Rapid Growth
North America is the most mature market in the global social distancing market owing to key factors like accelerated growth of the healthcare industry. Furthermore, because of major investments in developing economies such as the United States and Canada, commercial and industrial structures are rapidly expanding.
According to the Centers for Medicare and Medicaid Services, healthcare spending in the United States increased by 4.6 percent to US$ 3.8 trillion in 2019, or US$ 11,582 per person, accounting for 17.7% of GDP. In addition, the federal government contributed 29.0 percent of overall health expenditures, with families accounting for the rest (28.4 percent ). State and municipal governments contributed 16.1% of overall healthcare spending, with other private income accounting for the remaining 7.5 percent.
Following suit, the Asia Pacific area is gaining ground. Due to the rapidly rising adoption of social distancing technology and covid-19 rise across the country, China is leading the global social distancing market. China's growing industrial activities are projected to boost the country's social distancing market industry, as the country strives to surpass the United States as an economic giant. India also possesses a leading position in the global social distancing market. As a result, of growing cases of covid-19, the market share is predicted to rise sporadically.
The need to develop technologies that will help is containing the covid-19 spread and protect people is improving the reliance on social distancing technologies furthering the global social distancing market.
The factors such as governments and private firms imposing social distancing measures to protect the health of people from getting compromised, health experts arguing to adopt precautionary measures as states reopen, coronavirus cases spiking again is encouraging the manufacturers for implementing innovative ideas to develop devices that ensure safety. This is boosting the global social distancing market.
The advantages such as increased safety, real-time localization, real-time warning, data analysis, quick identification of potential cases, precise tracing of infection chains, safety, and efficiency encourage further adoption of social distancing technology.
Social distancing technology is a collection of gear, software, and accessories that use sophisticated algorithms to detect and track people's movements. The primary goal is to establish social segregation norms and laws. The technology strengthens IoT-connected devices, camera tracking, wearable gadgets, Intelligence analytics, computer vision solutions, and other current breakthroughs. COVID-19 contact tracing is aided by social distancing technology, which is helpful for any future infectious illnesses.
The market for social distancing is divided into four categories: technology, gear, application, and region. Social distancing technologies enable individuals to participate in social distancing in various ways, including establishing physical space between people to regulate people flow, monitoring room occupancy, tracking infectious persons and notifying, and many more.
These technologies inform workers in the workplace when they use short-range communication to approach each other, allowing them to maintain safe working distances. The device also aids government officials in tracking infected individuals and face shields to guarantee that social distancing requirements are followed in public spaces.
However, lack of data security, complexities, and threats to work arising from automation, artificial intelligence, robotics, globalization, and security concerns is limiting the use of social distancing technologies thereby hampering the social distancing technology market. Also, the lack of awareness in people about the advantages of using social distancing technologies, and higher costs are other crucial factors hampering the social distancing technology market. Furthermore, governments and private firms imposing social distancing measures to protect the health of people from getting compromised, health experts arguing to adopt precautionary measures as states reopen, coronavirus cases spiking again is encouraging the manufacturers for implementing innovative ideas to develop devices that ensure safety is anticipated to be growth opportunity to the global social distancing market.
The major players in the global social distancing market are Siemens, Apple, Microsoft, Nvidia, Samsung, Broadcom, Cisco, Adobe, Kinexon Industries, and ProGlove among others.
Latest Innovations in Global Social Distancing Technology Market:
Recently Qualcomm launched a new processor QCS7230 suited for smart camera applications.
Social Distancing Technology Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||Type, Application, Technology Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Siemens, Apple, Microsoft, Nvidia, Samsung, Broadcom, Cisco, Adobe, Kinexon Industries, and ProGlove.|
Key Segments of the Global Social Distancing Technology Market
Type Overview, 2018-2028 (USD Billion)
- Top Wear
- Bottom Wear
- Overall Protective Wear
Application Overview, 2018-2028 (USD Billion)
Technology Type Overview, 2018-2028 (USD Billion)
- Mobile applications
- Wifi analytics
- Video analytics
- UWB wearables
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa