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.
New York, NY -- (SBWIRE) -- 06/13/2019 -- 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 study methodologies used to examine the Smart Glove Market for the forecast period, 2017-2023 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.
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Scope of the Report:
The researcher assessing the Smart Glove Market dive deep to unearth intangible facts related to the key restraints, opportunities, and threats expected to shape the progress of the industry during the forecast period, 2017 - 2023. Significant evaluation of other factors such as demand and supply status, import and export, distribution channel, consumption volume, and production capability play a vital role in offering business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. All important data are presented in self-explanatory charts, tables and graphic images that can be incorporated into any business presentation.
Market Segment by Manufacturers, this report covers:
- Apple Inc.
- Flint Rehab
- Maze Exclusive
- Vandrico Solutions Inc. (Oxstren)
- Workaround GmbH (ProGlove)
- Samsung Electronics Co. Ltd.
- Seekas Technology Co. Ltd.
Market Segment by Type, covers:
- Fitness Tracker
- Specific Health Issue Monitoring Device
- Media & Connected Device
Market Segment by Applications, can be divided into:
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The study explores in details about the recent trend fast gaining momentum in the Smart Glove industry due to factors including but not limited to growing customer preference and a sudden rise in their spending capacity. Aspects attributed to the gross margin, profit, supply chain management and product value and their considerable impact on the development of the Smart Glove Market during the forecast period, 2017-2023 is carefully scrutinized during the research.
Estimating the potential size of the Smart Glove industry:
Industry experts conducting the study further estimate the potential of the Smart Glove industry. Such information is important for firms looking to launch an innovative service or product on the market. Industry experts have measured the total volume of the given market. Researchers have calculated the industry in terms of sales by the competitors and end-user – customers. Data on the entire size of the Smart Glove Market for a particular product or a service for the forecast period, 2017 to 2023 covered in the report makes it valuable. This information reveals the upper limit of the Smart Glove industry for a specific product or service.
Exploring growth rate over a period:
Business owners looking to scale up their business can refer this report that contains data regarding the rise in sales within a given consumer base for the forecast period, 2017 to 2023. Product owners can use this information along with the driving factors such as demographics and revenue generated from other products discussed in the report to get a better analysis of their products and services. Besides, the research analysts have compared the market growth rate with the product sales to enable business owners to determine the success or failure of a specific product or service.
The research provides answers to the following key questions:
- What is the estimated size of the Smart Glove Market for the forecast period, 2017 - 2023? What will be the growth rate of the industry during the estimated period?
- What are the prominent driving forces likely to impact the progress of the industry across different regions?
- Who are the major market players occupying a strong foothold in the Smart Glove market? What are the winning strategies adopted by them to stay ahead in the competition?
- What are the potential opportunities for the Smart Glove Market for the forecast period, 2017 - 2023?
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Table of Contents
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
184.108.40.206. Top winning strategies, by year, 2015-2017*
220.127.116.11. Top winning strategies, by development, 2015-2017* (%)
18.104.22.168. 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)
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