Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Smart Glove Market size is expected to reach $3.9 million by 2028, rising at a Market growth of 10.0% CAGR during the forecast period.
The Specific Health Monitoring Device segment acquired maximum revenue share in the Global Smart Glove Market by Usage in 2021, thereby, achieving a Market value of $1.6 billion by 2028. Due to a surge in the use of virtual reality and augmented reality applications, the specialized health issue monitoring device sector experienced high demand. Blood pressure cuffs, glucometers, and pulse oximeters are some of the devices which are used for tracking specific health points. They are used extensively on patients and chronically ill individuals.
The Industrial segment is showcasing a CAGR of 10.7% during (2022 - 2028). Due to the proclivity for cutting-edge technologies and extensive expenditure to pursue radical evolutions in commercial applications, smart gloves are seeing increasing adoption in the industrial sector. Customizable smart gloves with built-in scanners have been launched to answer the growing need of numerous end-users throughout the automotive, oil & gas, manufacturing, and logistics industries for more efficient operations. Since the user receives immediate input, the manufacturing and logistical personnel can work more quickly, safely, and efficiently. Hands-free product scanning, monitoring, training workflow sequences, and recording of items and processes are just a few of the tasks that these wearables do in the workplace.
The North America Market dominated the Global Smart Glove Market by Region in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $1.4 billion by 2028. The Europe Market is estimated to witness a CAGR of 9.5% during (2022 - 2028). Additionally, The Asia Pacific Market would exhibit a CAGR of 10.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smart-glove-market/
The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of 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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