SOURCE RESEARCH
Smart Power Tools: Market Evolution and the Role of Connectivity
Report | 3Q 2022 | AN-5634
Get The ReportThis forecast includes both retrofitted devices, such as adding a connectivity tag to a power tool, which is currently the solution seeing the most traction, and those with built-in connectivity, which is something that is currently rarer in the market, based on the fact that it is better suited to higher-value tools. Though growth is expected, we will not see significantly large numbers of smart power tools shipped because the market is in a very immature stage of growth, and it is early on in the era of the smart power tool. Though there is no increasing correlation between cordless power tools and smart power tools, the growth of cordless power tools will push the growth of smart power tools.
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