LAMEA Smart Glove Market Size, Share & Industry Trends Analysis Report By Usage (Specific Health Monitoring Device, Fitness Tracker, & Others), By Industry Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Smart Glove Market would witness Market growth of 13.2% CAGR during the forecast period (2022-2028).
Smart gloves are electronic gadgets with microcontrollers that can be worn on the hands as a fashion accessory or a health accessory or simply a communication gadget. There are both utilitarian and ornamental features in this design. These smart devices can be worn as a fashion statement, used as a fitness tracker, used as a specific health condition monitoring device, used as a media device, or linked to other smart devices. Furthermore, with camera control, built-in speakers, network connectivity, and sensors, it is a next-generation technology with great growth potential.
Furthermore, due to the capacity to give interactive experiences with the real and virtual worlds through a range of virtual and augmented reality systems, PPE gloves technology is undergoing a revolution across healthcare technologies, assistive technologies, smart homes, and robots. In addition, the use of virtual reality-based smart glove technology in fitness and gaming solutions is likely to fuel the smart glove Market growth.
As a consequence of the introduction of smaller competitors, the smart glove Market is likely to become more competitive and the innovation is likely to accelerate throughout the forecast timeframe. Additionally, advancements in research and technology related to smart gloves contribute considerably to the Market 's growth.
The Middle Eastern region and Africa's wearables Market is undergoing a tremendous shift. Fitness bands are giving way to smart wearables such as watches on the Market . South Africa is likely to be the next significant Market for smartwatches. As the technology becomes more widely available and affordable, the usage of smart gloves in South Africa and other African countries is estimated to increase in the upcoming years. Smartwatches and other wearables may soon transition from consumer devices to valuable enterprise tools, according to Samsung Enterprise Mobility, and South African CIOs are getting ready to handle and secure the wave of new enterprise technologies, which is expected to provide major opportunities for vendors in the forecast timeframe.
The Brazil Market dominated the LAMEA Smart Glove Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $67.7 Million by 2028. The Argentina Market is estimated to grow at a CAGR of 13.8% during (2022 - 2028). Additionally, The UAE Market would display a CAGR of 12.9% during (2022 - 2028).
Based on Usage, the Market is segmented into Specific Health Monitoring Device, Fitness Tracker, Media & Connected Device, and Others. Based on Industry Vertical, the Market is segmented into Healthcare, Industrial, Fitness, and Others. Based on countries, the Market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Glove Market is Predict to reach $3.9 Billion by 2028, at a CAGR of 10%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Flint Rehabilitation Devices, LLC, Neofect, HaptX, Inc., Samsung Electronics Co. Ltd., Workaround GmbH (ProGlove), Shenzhen Seekas Technology Co., Ltd., Saebo, Inc., Dexta Robotics, and Vandrico Solutions, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Specific Health Monitoring Device
- Fitness Tracker
- Media & Connected Device
By Industry Vertical
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Flint Rehabilitation Devices, LLC
- HaptX, Inc.
- Samsung Electronics Co. Ltd.
- Workaround GmbH (ProGlove)
- Shenzhen Seekas Technology Co., Ltd.
- Saebo, Inc.
- Dexta Robotics
- Vandrico Solutions, Inc.
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