Smart Glove Market By Usage (Fitness Tracker, Specific Health Monitoring Device, Media And Connected Device, Others), By Industry Vertical (Healthcare, Industrial, Fitness, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The smart glove market was valued at $2.1 billion in 2020 and is projected to reach $5.1 billion by 2030, registering a CAGR of 9.6% from 2021 to 2030. Smart gloves are next-generation AI-powered devices intended to enable users to manipulate virtual matters in a more instinctive and direct way.
The growth of the smart glove market is majorly driven by the advancement in research and technology associated with smart gloves coupled with the entry of smaller players. Furthermore, growth in the usage of wearable technologies is anticipated to drive market growth. However, high production cost acts as a prime restraint of the market. On the contrary, a high growth rate in smaller market segments paired with rising flexibility in wearable technology is anticipated to provide lucrative opportunities for the expansion of the smart glove market during the forecast period.
The smart glove market is segmented by usage, industry vertical, and region. On the basis of usage, the market is divided into fitness trackers, specific health issue monitoring devices, media & connected device, and others. On the basis of industry vertical, the market is bifurcated into healthcare, industrial, fitness, and others. Region-wise, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the rest of Europe), Asia-Pacific (China, India, Japan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include HaptX, Flint Rehab, Maze Exclusive, NEOFECT, Vandrico Solutions Inc. (Oxstren), Workaround GmbH (ProGlove), Samsung Electronics Co. Ltd., Shenzhen Seekas Technology Co. Ltd., Saebo, Blue Infusion Technologies, and Dexta Robotics.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart glove market analysis from 2020 to 2030 to identify the prevailing smart glove market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the smart glove market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global smart glove market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Usage
Fitness Tracker
Specific Health Monitoring Device
Media And Connected Device
Others
By Industry Vertical
Healthcare
Industrial
Fitness
Others
By Region
North America
U.S.
Canada
Mexico
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
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
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook