DUBLIN–(BUSINESS WIRE)–The “Smart Gloves Market by Usage, Industry Vertical, and Region 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global smart gloves market size reached US$ 2.61 Billion in 2022 and is forecast to reach US$ 4.55 Billion by 2028, exhibiting a growth rate (CAGR) of 9.12% during 2023-2028. The accelerating demand for wearable technology, the rising popularity of virtual reality (VR) and augmented reality (AR) applications, and continual technological advancements represent some of the key factors driving the market.
The global market is primarily driven by the accelerating demand for wearable technology among the masses. This can be attributed to the rising popularity of VR and AR applications and the augmenting need for a more immersive experience. In line with this, the rising demand for gesture control technology, particularly in the gaming industry, is providing an impetus to the market. Also, a considerable rise in industrial automation is resulting in rapid product utilization to improve worker safety and productivity in industrial settings. Moreover, continual technological advancements, such as improved sensor technology, conductive fabrics and flexible electronics, are fueling the market.
Additionally, the growing usage of smart gloves in the medical sector to monitor vital signs and track patient health as well as accurately track hand movements in surgical applications is creating a positive outlook for the market. The market is further driven by the growing demand for fitness and sports performance tracking purposes. Apart from this, the rising military expenditure by multiple countries resulting in a higher uptake of smart gloves for communication, navigation, and data collection is also acting as a significant growth-inducing factor.
Some of the other factors contributing to the market include rapid urbanization, the advent of Industry 4.0, rising healthcare expenditure, inflating disposable income levels and extensive research and development (R&D) activities.
The report provides an analysis of the key trends in each segment of the global smart gloves market, along with forecasts at the global, regional, and country levels from 2023-2028. The report has categorized the market based on usage and industry vertical.
Usage Insights:
- Specific Health Monitoring Device
- Fitness Tracker
- Media and Connected Device
The report has provided a detailed breakup and analysis of the smart gloves market based on the usage. This includes specific health monitoring device, fitness tracker, media and connected device, others. According to the report, specific health monitoring device represented the largest segment.
Industry Vertical Insights:
- Healthcare
- Industrial
- Fitness
- Others
A detailed breakup and analysis of the smart gloves market based on the industry vertical has also been provided in the report. This includes healthcare, industrial, fitness, and others. According to the report, healthcare accounted for the largest market share.
The report has also provided a comprehensive analysis of the competitive landscape in the global smart gloves market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of the following companies has been provided:
- Dexta Robotics
- Flint Rehabilitation Devices LLC
- HaptX Inc.
- NEOFECT Co. Ltd.
- ProGlove
- Saebo Inc
- Vandrico Solutions Inc.
Key Questions Answered in This Report:
- How has the global smart gloves market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global smart gloves market?
- What is the impact of each driver, restraint, and opportunity on the global smart gloves market?
- What are the key regional markets?
- Which countries represent the most attractive smart gloves market?
- What is the breakup of the market based on the usage?
- Which is the most attractive usage in the smart gloves market?
- What is the breakup of the market based on the industry vertical?
- Which is the most attractive industry vertical in the smart gloves market?
- What is the competitive structure of the global smart gloves market?
- Who are the key players/companies in the global smart gloves market?
Key Attributes:
Report Attribute | Details |
No. of Pages | 144 |
Forecast Period | 2022 – 2028 |
Estimated Market Value (USD) in 2022 | $2.61 Billion |
Forecasted Market Value (USD) by 2028 | $4.55 Billion |
Compound Annual Growth Rate | 9.7% |
Regions Covered | Global
|
For more information about this report visit https://www.researchandmarkets.com/r/ovl21t
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