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Smart Wearable Gloves - Market Segmentation and Forecasts by Technavio


 Tags:   News: SatNav                This was published: 30 Aug 2017 - 04:26 pm         Print article: Printer friendly page
          

Smart Wearable Gloves - Market Segmentation and Forecasts by Technavio - on DefenceBriefing.net

The global smart wearable gloves market is expected to grow at a CAGR of more than 15% during the forecast period, according to Technavio’s latest market research.



This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170830005117/en/

Technavio has published a new report on the global smart wearable gloves market from 2017-2021. (Gra ...

Technavio has published a new report on the global smart wearable gloves market from 2017-2021. (Graphic: Business Wire)

In this market research report, Technavio covers the market outlook and growth prospects of the global smart wearable gloves market for 2017-2021. The market is further categorized into three end-user segments, including healthcare, industrial, and fitness, of which the healthcare segment dominated the market with close to 35% of the overall market share in 2016.

“The market reflects an innovation-driven growth curve with rapid growth expected during the forecast period. Manufacturers of smart wearable gloves are focusing on a specific segment for product development. The continuous development in technology will give rise to new products in this industry with new vendors venturing into the market during the forecast period,” says Neelesh Prakash Singh, a lead analyst at Technavio.

Technavio’s research analysts segment the global smart wearable gloves market into the following regions:

  • Americas
  • APAC
  • EMEA

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Smart wearable gloves market in the Americas

In the Americas, the smart wearable gloves market is majorly driven by the healthcare sector. For instance, in the US, lakhs of people suffer from stroke attacks every year, leading to paralysis of limbs. Due to this, the need for smart rehabilitation gloves has witnessed increased application.

“The adoption of advanced wearable technology is increasing in the US with increasing demand for health and fitness monitoring applications. The Americas provides an ideal environment for making innovations and facilitating advancements in wearable technology,” says Neelesh.

Peregrine gloves, in Canada, are advanced smart wearable gloves designed for gaming experiences that empower an individual to control the game with the touch of gloves' fingers. The presence of such manufacturers in the region has enhanced the demand for consumer electronics such as gaming consoles and wearable devices that offer virtual experiences to users.

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Smart wearable gloves market in APAC

India, China, and Indonesia are the major countries in APAC that are expected to drive the smart wearable gloves market during the forecast period. Other economies showing active participation in wearable technology developments are South Korea, Taiwan, and Malaysia.

The arrival of smartphones and Internet has enabled access to digital devices. The growth of Internet, mobile applications, and related technologies has opened ways for people to gain access to information in real time. The consumer market in APAC gets bifurcated into lifestyle, fitness, healthcare, and industrial sectors. This can easily give smart wearable gloves a potential market in China and India.

Smart wearable gloves market in EMEA

The market will witness growth due to advances in research and development, resulting in increased innovation in the smart wearable industry. Smart wearable gloves in EMEA find applications in healthcare, fitness, sports, clothing, and technical textile sectors. Germany, Poland, and the UK are the major countries in EMEA that are expected to contribute to the huge demand for smart wearable gloves.

The growth in the industrial sector is stable in Germany and is expected to remain steady, whereas, in the UK, the healthcare sector is experiencing good growth owing to the growing population. On the other hand, the Middle East is spending heavily on infrastructure, healthcare, and industrial sectors and is expected to obtain a significant market share during the forecast period.

The top vendors in the global smart wearable gloves market as highlighted in this market research analysis are:

  • Blue Infusion Technology
  • NEOFECT
  • ProGlove

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Article source - Business Wire, all right reserved. Copyright 2017
Trademarks, logos, pictures and other items may be copyright of firms mentioned in this article.



 


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