Global Smart Glove Market Size study & Forecast, by Usage (Fitness Tracker, Specific Health Monitoring Device, Media and Connected Device, Others), by Industry Vertical (Healthcare, Industrial, Fitness, Others) and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Smart Glove market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Glove market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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Global Smart Glove Market is valued approximately at USD 2.4 billion in 2022 and is anticipated to grow with a growth rate of more than 9.6 % over the forecast period 2023-2030. A smart glove is a type of wearable technology that is designed to mimic human hand movements and detect force and pressure. It is typically equipped with sensors that are linked to a computer and can be used to control virtual objects, or to interact with physical objects in a virtual environment. Furthermore, Smart gloves can also be used in medical applications, such as to monitor hand movements and detect changes in physical conditions. The Smart Glove market is expanding because of factors such as development in consumer electronics and healthcare. However, its importance has progressively increased during the last few decades.
According to the Statista the worldwide consumer electronics market was expected to generate 125.5 billion US dollars more in revenue between 2023 and 2028 (+12.21%). In 2028, the income is anticipated to reach 1.2 trillion USD. According to the Statista, in 2022 the global market for artificial intelligence (AI) in healthcare was estimated to be valued about 11 billion dollars. According to predictions, the worldwide healthcare AI industry would be worth almost 188 billion US dollars by 2030, growing at a rate of 37% CAGR between 2022 and 2030. In addition, rising flexibility in wearable technology and a high growth rate in smaller market segments are expected to provide lucrative opportunities for the market growth during the forecast period. However, the high cost of smart gloves and Lack of technological awareness stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Smart Glove Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market with largest market share in the Smart Glove Market during the forecast period due to rising demand for health monitoring applications and integration of technologies such as IoT and artificial intelligence in the fitness, industrial, and healthcare sectors, According to Statista, Health expenditure in the U.S. have been increasing over time and are projected to keep increasing. As of 2021, the U.S. spent a total of USD 4.2 trillion on healthcare. Asia-Pacific is expected to be the fastest region in the Smart Glove Market due to rapid technological advancements and increased disposable income.
Major market players included in this report are:
- Apple Inc.
- HaptX, Flint Rehab
- Neofect
- Vandrico Solutions Inc. (Oxstren)
- Workaround GmbH (ProGlove)
- Samsung Electronics Co. Ltd.
- Shenzhen Seekas Technology Co. Ltd.
- saebo, inc.
- Blue Infusion Technologies
- Dexta Robotics
Recent Developments in the Market:
In Jan 2021: HaptX launched HaptX Gloves DK2, improved haptic feedback gloves featuring “true-contact” haptic technology. These gloves offered its users the sensation of touch when they interacted with something in a VR game or app. The technology allowed them to feel the texture, size, weight, and impact of objects in a virtual environment.
In June 2021: Dexta Robotics lauched Dexmo Enterprise Edition, the world’s premier wireless force feedback gloves. These smart gloves empower its users to perform real-life actions with their full-hand dexterity in the virtual world. The advanced sensors equipped in the gloves enable users to feel the shape, texture, size, and stiffness of virtual objects.
In Jan-2020: Samsung Electronics America collaborates with ProGlove, a leading company involved in developing wearables. The collaboration announced a combined product solution to meet the rising need for wearable scanners in industries ranging from transportation, retail, manufacturing, and logistics. The combined solution is composed of ProGlove’s MARK product family of wearable barcode scanners and Samsung’s most advanced ruggedized smartphone for business – the Galaxy XCover Pro – offering enterprise users a smooth, secure flow of information.
Global Smart Glove Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Usage, Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Usage:
- Fitness Tracker
- Specific Health Monitoring Device
- Media and Connected Device
- Others
By Industry:
- Healthcare
- Industrial
- Fitness
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
What our report offers:
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- Conclusion: Summarizes the key points discussed in the report and reinforces the main findings.
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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Key Points Covered in Smart Glove Market Report:
Table of Contents
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Smart Glove Market, by region, 2020-2030 (USD Billion)
1.2.2. Smart Glove Market, by Usage , 2020-2030 (USD Billion)
1.2.3. Smart Glove Market, by Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Glove Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Glove Market Dynamics
3.1. Smart Glove Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Consumer electronics
3.1.1.2. Rising in healthcare
3.1.2. Market Challenges
3.1.2.1. High Cost of Smart Glove
3.1.2.2. Lack of technological awareness
3.1.3. Market Opportunities
3.1.3.1. Rise in flexibility in wearable technology
3.1.3.2. High growth rate in smaller market segments
Chapter 4. Global Smart Glove Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
……..and view more in complete table of Contents
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