Portland, OR -- (SBWire) -- 06/28/2018 --smart glove market was valued at $1,740 million in 2016, and is estimated to reach $3,373 million by 2023, growing at a CAGR of 9.5% from 2017 to 2023. Smart wearable gloves are electronic devices with microcontrollers worn on hands as an accessory. This design incorporates practical functions as well as features. Smart Gloves reinvents and modernize the classic use of the human hand. The report comprises the study of world Smart Glove Market that focuses on its various end users. The healthcare, industrial, fitness and other sectors have progressively deployed smart gloves. The healthcare sector has approved the use of smart gloves for real-time tracking of heartbeats, body hydration level, and converting hand gestures into speeches. The smart glove market is expected to witness significant growth in the future, owing to rising in purchasing power and strengthening economy across the globe.
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The Asia-Pacific market is expected to register the highest CAGR during the forecast period, due to the growth in technological developments and rise in purchasing power among people.
The global smart glove market is segmented based on usage, industry vertical, and geography. On the basis of usage, the market is classified into fitness tracker, specific health issue monitoring device, media & connected device and others. By industry vertical, it is divided into healthcare, industrial, fitness and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the study are Apple Inc., HaptX, Flint Rehab, Maze Exclusive, NEOFECT, Vandrico Solutions Inc. (Oxstren), Workaround GmbH (ProGlove), Samsung Electronics Co. Ltd., Seekas Technology Co. Ltd., and Lab Brothers LLC. The report analyzes the key strategies adopted by these players and the detailed analysis of the current trends, upcoming opportunities, and restraints of the smart glove market.
KEY BENEFITS FOR STAKEHOLDERS
In-depth analysis and dynamics of the smart glove market is provided to understand the market scenario.
Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing market opportunities.
Porter's five forces analysis examines the competitive structure, and provides a clear understanding of the factors that influence market entry and expansion.
A detailed analysis of the geographical segments enables the identification of profitable segments for market players.
Comprehensive analysis of the trends, subsegments, and key revenue pockets of the market is provided.
KEY MARKET SEGMENTS
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By Usage
Fitness Tracker
Specific Health Issue Monitoring Device
Media & Connected Device
Others
By Industry Vertical
Healthcare
Industrial
Fitness
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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Smart Glove Market- Global Opportunities Analysis and Industry Forecast, 2017-2023
A brief overview of Global Smart Glove Market is provided in the report based on product scope and market status & outlook.