Smart Glove Market by Usage and by Industry Vertical : Global Opportunities Analysis and Industry Forecast, 2017-2023

  • ID: 4580608
  • Report
  • Region: Global
  • 135 pages
  • Allied Analytics LLP
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The global 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.

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

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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Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.2.3.1. Top winning strategies, by year, 2015-2017*
3.2.3.2. Top winning strategies, by development, 2015-2017* (%)
3.2.3.3. Top winning strategies, by company, 2015-2017*
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Low-to-moderate threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. KEY PLAYER POSITIONING (2016)
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Advancement in research and technology
3.5.1.2. Entry of smaller players
3.5.1.3. Growth in the usage of wearable technologies
3.5.2. Restraint
3.5.2.1. Design roadblock
3.5.2.2. High cost of manufacturing
3.5.3. Opportunities
3.5.3.1. High growth rate in smaller market segment
3.5.3.2. Increasing flexibility in wearable technology

CHAPTER 4: SMART GLOVES MARKET, BY USAGE
4.1. OVERVIEW
4.2. FITNESS TRACKER
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. SPECIFIC HEALTH MONITORING DEVICE
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. MEDIA & CONNECTED DEVICE
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. OTHERS
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country

CHAPTER 5: SMART GLOVES MARKET, BY INDUSTRY VERTICAL
5.1. OVERVIEW
5.2. HEALTHCARE
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. INDUSTRIAL
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. FITNESS
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. OTHERS
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

CHAPTER 6: SMART GLOVES MARKET, BY REGION
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by usage
6.2.3. Market size and forecast, by industry vertical
6.2.4. Market analysis by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by usage
6.2.4.1.2. Market size and forecast, by industry vertical
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by usage
6.2.4.2.2. Market size and forecast, by industry vertical
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by usage
6.2.4.3.2. Market size and forecast, by industry vertical
6.3. EUROPE
6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by usage
6.3.3. Market size and forecast, by industry vertical
6.3.4. Market analysis by country
6.3.4.1. UK
6.3.4.1.1. Market size and forecast, by usage
6.3.4.1.2. Market size and forecast, by industry vertical
6.3.4.2. Germany
6.3.4.2.1. Market size and forecast, by usage
6.3.4.2.2. Market size and forecast, by industry vertical
6.3.4.3. France
6.3.4.3.1. Market size and forecast, by usage
6.3.4.3.2. Market size and forecast, by industry vertical
6.3.4.4. Rest of Europe
6.3.4.4.1. Market size and forecast, by usage
6.3.4.4.2. Market size and forecast, by industry vertical
6.4. ASIA-PACIFIC
6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by usage
6.4.3. Market size and forecast, by industry vertical
6.4.4. Market analysis by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by usage
6.4.4.1.2. Market size and forecast, by industry vertical
6.4.4.2. India
6.4.4.2.1. Market size and forecast, by usage
6.4.4.2.2. Market size and forecast, by industry vertical
6.4.4.3. Japan
6.4.4.3.1. Market size and forecast, by usage
6.4.4.3.2. Market size and forecast, by industry vertical
6.4.4.4. Rest of Asia-Pacific
6.4.4.4.1. Market size and forecast, by usage
6.4.4.4.2. Market size and forecast, by industry vertical
6.5. LAMEA
6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by usage
6.5.3. Market size and forecast, by industry vertical
6.5.4. Market analysis by sub-region
6.5.4.1. Latin America
6.5.4.1.1. Market size and forecast, by usage
6.5.4.1.2. Market size and forecast, by industry vertical
6.5.4.2. Middle East
6.5.4.2.1. Market size and forecast, by usage
6.5.4.2.2. Market size and forecast, by industry vertical
6.5.4.3. Africa
6.5.4.3.1. Market size and forecast, by usage
6.5.4.3.2. Market size and forecast, by industry vertical

CHAPTER 7: COMPANY PROFILES
7.1. APPLE INC.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.2. HAPTX
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Key strategic moves and developments
7.3. FLINT REHAB
7.3.1. Company overview
7.3.2. Company snapshot
7.4. MAZE EXCLUSIVE
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.5. NEOFECT
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Key strategic moves and developments
7.6. VANDRICO SOLUTIONS INC.(OXSTREN)
7.6.1. Company overview
7.6.2. Company snapshot
7.7. WORKAROUND GMBH (PROGLOVE)
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Key strategic moves and developments
7.8. SAMSUNG ELECTRONICS CO. LTD.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments
7.9. SEEKAS TECHNOLOGY CO., LTD
7.9.1. Company overview
7.9.2. Company snapshot
7.10. LAB BROTHERS LLC
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to a new report Smart Glove Market by Usage and by Industrial Vertical: Global Opportunities Analysis and Industry Forecast, 2017-2023, the global smart glove market was valued at $ 1,740 million in 2016, and is projected to reach at $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. These smart devices are used as a fashion statement, fitness tracker, specific health issue monitoring device, media device, or connected to other smart devices. Furthermore, camera control, built-in speakers, network connectivity and sensors makes it a next generation technology with huge growth prospects.

In 2016, specific health monitoring device segment dominated the market, in terms of revenue, due to increase in investment in technological advancement.

North America was the highest revenue contributor to the smart glove market in 2016, accounting for around 40% share, owing to surge in demand for advanced circuitry, wireless connectivity, and independent processing capability.

According to Seapee Bajaj, Research Analyst, Semiconductor & Electronics at Allied Market Research, The features of smart gloves such as integration of gesture recognition, hall effect sensors, conversion of gestures into vocalized speeches, and real-time data input amongst others have a positive impact on the growth of the market.

The report features a competitive scenario of the smart glove market and provides a comprehensive analysis of key growth strategies adopted by major players. 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. These players have adopted competitive strategies, such as innovation, new product development, and market expansion, to drive the market.

Key findings of the Smart Glove Market:

The specific health issue monitoring segment accounted for the highest share in 2016.
The specific health monitoring smart glove market segment generated the highest revenue
North America is expected to dominate the market, in terms of market share, during the forecast period.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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