The North America Smart Glove Market would witness Market growth of 9.4% CAGR during the forecast period (2022-2028).
Increased focus on product innovation in the face of rapidly growing demand across a wide range of applications, including healthcare, entertainment, and sports, among others, is helping to drive Market growth. The growing demand for smart wearable gloves in the healthcare, gaming, industrial, and other sectors has led manufacturers to prioritize technological advancement. Recent research has centered on expanding and improving the capabilities of smart wearable gloves in order to broaden their scope of application and enable better integration of these devices with advanced technologies such as virtual reality (VR), augmented reality (AR), the internet of things (IoT), and machine learning.
Meanwhile, the increasing affordability of smart wearable gloves is likely to promote product adoption across a wide range of end-use verticals. For example, in June 2020, MIT researchers developed the "MemGlove," a low-cost, fiber-based smart glove manufactured with off-the-shelf components that are suitable for mass production. Gloves are becoming more versatile as a result of increased research focus on the usage of various sensors. Finger movements can be used by sensors to accomplish actions, which is important in a variety of operations.
There is a greater awareness of health issues, as well as an increase in chronic diseases. The Market for fitness monitoring goods is expected to rise due to rising technology usage, increased acceptability of smart gadgets, and many benefits of fitness monitoring equipment. As a result, there are several opportunities in the region for fitness tracking gadgets.
The regional Market growth is attributed to increased focus on producing new goods with the latest technologies in branded companies and rising device popularity through digital Market ing. Due to growing health awareness and higher adoption of fitness trackers in the United States, the United States provides a substantial portion. Rising occurrences of health conditions linked to sedentary lifestyles, an increase in disposable incomes, the development of fresh products by prominent industry players, and the expanding use of smartphones and the internet in the United States are all projected to boost the Market .
The US Market dominated the North America Smart Glove Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $1,070.1 Million by 2028. The Canada Market is experiencing a CAGR of 11.9% during (2022 - 2028). Additionally, The Mexico Market would exhibit a CAGR of 11% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Glove Market is Estimated 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.
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