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What’s driving the smart wearable gloves market share? | by key vendors Maze Exclusive, Seekas Technology Co., Ltd., Vandrico Solutions, Inc., Motorola, Lab Brothers LLC, Huawei

06-19-2019 01:18 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

What’s driving the smart wearable gloves market share? | by key

The Smart Wearable Gloves Market report offers detailed competitive landscape of the global industry. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the market based on product, technology, end user and region.

Request for an in-depth table of contents for this report @
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The U.S. smart wearable gloves market has witnessed the highest revenue and growth shares owing to the early advancements in the industrial sector and high investment capabilities of manufacturers to incorporate such devices. High labor costs and increasing logistics activities in all industry segments are fueling the industry demand. India, China, and South Korea are expected to cover large profit shares due to growing digitization, a rapid increase in the use of smartphones and wireless connectivity. Government mandates related to automation and robotics in the industrial sector are driving factors for the smart wearable gloves industry.

The smart wearable gloves market, which is segmented based on its components has witnessed sensors as the rapidly-growing segment in the recent years. Sensors in these devices are used to sense the finger movements to translate data and receive commands for performing actions. The sensors provide benefits such as the detection of movements, efficient digital translation, and save time to interpret the data by manual applications. Microcontrollers segment in the smart wearable gloves industry is expected to grow steadily over the forecast years due to activity-control and signal-detection benefits. These components act as processors for the systems to transmit data and obtain accurate results.

The high cost of these products is a major factor hindering the smart wearable gloves market growth. The price involved in manufacturing these gloves is high due to the incorporation of expensive sensors, scanning, and recognition components. High manufacturing and supply costs eventually increase the product price, making it unaffordable to customers with less investments. Unawareness about the benefits provided by these wearables in the industrial and manufacturing applications is also restraining the industry demand.

Technical errors occurring in the devices at critical times, such as failure in medical emergencies, are hindering the popularity of the smart wearable gloves industry. These problems can be solved by manufacturing efficient wearables capable of supporting human functions along with providing security and safety. The smart wearable gloves market faces challenges such as the inability of people to handle these devices for performing recognition and translation functions to aid the visually and hearing-impaired people.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2870

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• NEOFECT
• ProGlove
• Blue Infusion Technology
• Apple
• Samsung Electronics
• Maze Exclusive
• Seekas Technology Co., Ltd.
• Vandrico Solutions, Inc.
• Motorola
• Lab Brothers LLC
• Huawei

Browse Full Report @ https://www.gminsights.com/industry-analysis/smart-wearable-gloves-market

Players operating in the smart wearable gloves market include NEOFECT, ProGlove, Blue Infusion Technology, Apple Inc., Samsung Electronics Co., Ltd., Maze Exclusive, Seekas Technology Co., Ltd., Vandrico Solutions, Inc., Motorola, Lab Brothers LLC, and Huawei. Some strategies adopted by these players in the smart wearable gloves industry are new product developments or innovations, mergers, acquisitions, partnerships, and collaborations to provide technically-advanced products and enhance the customer experience. For instance, in January 2017, NEOFECT announced the launch of its Rapael’s smart glove that is used for rehabilitation sessions for stroke patients. The product is a Bluetooth glove packed with sensors to measure finger and wrist movements.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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