Global Smart Wearable Gloves Market 2017-2021

Overview of the global smart wearable gloves market

Smart wearable gloves are low-cost wired interactive gloves that can be used as a translator by hearing and speech impaired people. When these gloves are interfaced with MATLAB, they serve a high degree of accuracy for gesture recognition. Research analysis on the global smart wearable gloves market identifies that the integration of gesture recognition will be one of the major factors that will have a positive impact on the growth of the market. Bend sensors, hall effect sensors, and accelerometers are embedded inside smart wearable gloves to map the orientation of hand and fingers. Consequently, the healthcare sector is extensively adopting and suggesting gesture-recognizing smart wearable gloves for differently abled people in the society. These gloves help them convert sign language into a more human understandable textual message. Technavio's market research analysts predict that this market will grow at a CAGR of more than 15% by 2021.

The adoption of microencapsulation and nanotechnology is one of the key trends that will gain traction in the smart wearable gloves market during the estimated period. Microencapsulation and nanotechnology enable manufacturers to develop systems with advanced suitability and high accessibility features. The incorporation of these technologies into smart wearable gloves creates virtual sensations, which enable the brain to sense textures and temperatures virtually.

Competitive landscape and key vendors

The smart wearable gloves market is characterized by the presence of many vendors. There is an increasing focus of the new entrants such as Saebo and Flint Rehab towards offering smart wearable gloves. With all vendors competing to increase their revenue shares, the competitive environment of this market is intense.

Key vendors in this market are -

• Blue Infusion Technology
• NEOFECT
• ProGlove

Other prominent vendors in the market include Flint Rehab, Saebo, and WerbeCafé.

Segmentation by end-user and analysis of the smart wearable gloves market

• Healthcare
• Industrial
• Fitness

The smart wearable gloves are extensively used in the healthcare sector due to its core benefits including high-accuracy, enhanced care, treatment cost reduction, and timely intervention. The adoption of smart wearable gloves will continue to increase in this sector since they enable patients to transfer health-related information to doctors from home.

Segmentation by geography and analysis of the smart wearable gloves market

• Americas
• APAC
• EMEA

The demand for smart wearable gloves is high in the Americas due to the rising demand for health and fitness monitoring applications in the region. The market will continue to grow in the region because smart industrial gloves are highly preferred to scan barcodes with perfection and assemble all the data in the database system of an organization.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global smart wearable gloves market?
• What are the key market trends impacting the growth of the global smart wearable gloves market?
• What are the challenges to market growth?
• Who are the key vendors in the global smart wearable gloves market?
• What are the market opportunities and threats faced by the vendors in the global smart wearable gloves market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global smart wearable gloves market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the energy industry follow a meticulous procedure of data collection methodology and present an analysis of fast growing market subdivisions like power. This upcoming industry research report on the global smart wearable gloves market offers insights into the latest trends and evolving drivers inducing the growth of the power industry.

Growth in IT spending, rising smartphone penetration, and adoption of advanced technologies in the healthcare sector may influence the demand for smart wearable gloves in the coming years as predicted by our market specialists. Additionally, geographies like the Americas, APAC, and EMEA are covered by this report on the global smart wearable gloves market to offer clients the scope to identify potential market opportunities and expand in niche markets.

Vendors like SensoGlove, FlintRehab, Oxstren, ProGlove, and NEOFECT are covered under this upcoming industry research report on the global smart wearable gloves market. This industry research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop effective growth strategies and keep pace with the frequently changing market landscape.

This upcoming market research report on the global smart wearable gloves market also offers insights into the challenge faced by this industry like healthcare management with the ever increasing global population. Technavio also provides insights into the sectors such as oil and gas and energy storage. Furthermore, this report also presents visions into the varying competitive landscape and gives clients a realistic picture of the future direction of the industry.

Our market research methodology for the smart wearable gloves market

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