AI-enabled Smart Glove: How Technology Changing the World? Market Scope and Opportunity Analysis to 2023

Smart wearable gloves are electronic devices with microcontrollers worn on hands as an accessory. Smart gloves uses wireless technology that control objects in virtual reality, track motions, integrates gesture recognition and translate sign language into text or vocalized speeches. The smart glove market is expected denote a notable growth, owing to rise in demand for digitization and increase in spending and investment in technological advancement.

The adoption of nanotechnology and microencapsulation is one of the key trends, which help smart glove to gain positive traction in the market.

According to a new report by Allied Market Research, titled, 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.

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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.

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.

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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

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