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Smart Glove Market by Usage (Fitness tracker, Specific Health Issue Monitoring Device, Media & Connected Device, and others) and by Industry Vertical (Healthcare, Industrial, Fitness, and Others): Global Opportunities Analysis and Industry Forecast, 2017-2023

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Pages: 135
Feb 2018 | 1297 Views
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Author's : Seapee Bajaj
Tables: 67
Charts: 17
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Smart Glove Market Overview:

Smart Glove Market was valued at $ 1,740 million in 2016, and is projected to reach at $3,373 million by 2023, growing at a CAGR of 9.5% from 2017 to 2023. The Smart Glove Market encompasses smart technology based devices worn for an extended time with the user experience significantly enhanced by having advanced circuitry, wireless connectivity, and independent processing capability. These smart devices is used as a fashion statement, fitness tracker, specific health issue monitoring device, media device, or is connected to other smart devices.

The growth of the smart glove market is driven witth the use of flex sensors, accelerometer, microcontroller and Bluetooth chip. Smart glove focuses on the translation of gestures into alphabets. Comparing with other corresponding approaches, smart gloves uses principle component analysis to classify the real-time input data for feature extraction. The main drawback of smart gloves is that the accuracy of analog values reading from flex sensor is low.

The key players profiled in the study are Apple Inc., HaptX, Flint Rehab, Maze Exclusive, NEOFECT, Vandrico Solutions Inc. (Oxstren), Workaround GmbH (ProGlove), Samsung Electronics Co. Ltd., Seekas Technology Co. Ltd., and Lab Brothers LLC. The report presents analysis on the key strategies adopted by these players and outlines the current trends, upcoming opportunities, and restraints of the smart glove market.

Segment Overview

The smart glove market is segmented based on by usage, by industry vertical and geography. On the basis of usage, the market is classified into fitness tracker, specific health issue monitoring device, media & connected device and others. by industry vertical, it is divided into healthcare, industrial, fitness and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Growth in increased investment, advances in research and development in India and China, and rise in usage of internet and smartphone are anticipated to boost the growth of smart gloves market from 2017 to 2023.

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Top Impacting Factors

Advancement in Research and Technology

Influx of technological reforms in smart glove segment has driven the growth of the market. Features, such as tactile sensing and fine-motion control in robotics, increasing demand for health and fitness monitoring application make it a potential market for the prospective customers and users.

Growth in Usage of Wearable Technology

Rise in number of multifunctional features in smart gloves, such as a scanner, health tracker, conversion of sign language gesture into vocalized speech, assist in aid in sales for the market. In addition, the growth in convenience and compatibility in the wearable technology, is fuelling the market growth.

High Cost of Manufacturing

The initial cost of a smart glove is high, which involves regular investment on maintenance and frequent software upgradation which restricts the adoption of smart gloves, thereby hampering the market growth.

Key Benefits

  • This report provides an extensive analysis of the current and emerging market trends and dynamics in the smart glove market.
  • In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global smart glove market.

Smart Glove Market Key Segments:

By Usage

  • Fitness Tracker
  • Specific Health Issue Monitoring Device
  • Media & Connected Device
  • Others

By Industry Vertical

  • Healthcare
  • Industrial
  • Fitness
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

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

3.2.3.1. Top winning strategies, by year, 2015-2017*
3.2.3.2. Top winning strategies, by development, 2015-2017* (%)
3.2.3.3. Top winning strategies, by company, 2015-2017*

3.3. PORTER’S 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)
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Advancement in research and technology
3.5.1.2. Entry of smaller players
3.5.1.3. Growth in the usage of wearable technologies

3.5.2. Restraint

3.5.2.1. Design roadblock
3.5.2.2. High cost of manufacturing

3.5.3. Opportunities

3.5.3.1. High growth rate in smaller market segment
3.5.3.2. Increasing flexibility in wearable technology

Chapter: 4: SMART GLOVES MARKET, BY USAGE

4.1. OVERVIEW
4.2. FITNESS TRACKER

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. SPECIFIC HEALTH MONITORING DEVICE

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. MEDIA & CONNECTED DEVICE

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

4.5. OTHERS

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country

Chapter: 5: SMART GLOVES MARKET, BY INDUSTRY VERTICAL

5.1. OVERVIEW
5.2. HEALTHCARE

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. INDUSTRIAL

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. FITNESS

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

5.5. OTHERS

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

Chapter: 6: SMART GLOVES MARKET, BY REGION

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends and opportunities
6.2.2. Market size and forecast by usage
6.2.3. Market size and forecast, by industry vertical
6.2.4. Market analysis by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by usage
6.2.4.1.2. Market size and forecast, by industry vertical

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by usage
6.2.4.2.2. Market size and forecast, by industry vertical

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by usage
6.2.4.3.2. Market size and forecast, by industry vertical

6.3. EUROPE

6.3.1. Key market trends and opportunities
6.3.2. Market size and forecast by usage
6.3.3. Market size and forecast, by industry vertical
6.3.4. Market analysis by country

6.3.4.1. UK

6.3.4.1.1. Market size and forecast, by usage
6.3.4.1.2. Market size and forecast, by industry vertical

6.3.4.2. Germany

6.3.4.2.1. Market size and forecast, by usage
6.3.4.2.2. Market size and forecast, by industry vertical

6.3.4.3. France

6.3.4.3.1. Market size and forecast, by usage
6.3.4.3.2. Market size and forecast, by industry vertical

6.3.4.4. Rest of Europe

6.3.4.4.1. Market size and forecast, by usage
6.3.4.4.2. Market size and forecast, by industry vertical

6.4. ASIA-PACIFIC

6.4.1. Key market trends and opportunities
6.4.2. Market size and forecast by usage
6.4.3. Market size and forecast, by industry vertical
6.4.4. Market analysis by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by usage
6.4.4.1.2. Market size and forecast, by industry vertical

6.4.4.2. India

6.4.4.2.1. Market size and forecast, by usage
6.4.4.2.2. Market size and forecast, by industry vertical

6.4.4.3. Japan

6.4.4.3.1. Market size and forecast, by usage
6.4.4.3.2. Market size and forecast, by industry vertical

6.4.4.4. Rest of Asia-Pacific

6.4.4.4.1. Market size and forecast, by usage
6.4.4.4.2. Market size and forecast, by industry vertical

6.5. LAMEA

6.5.1. Key market trends and opportunities
6.5.2. Market size and forecast by usage
6.5.3. Market size and forecast, by industry vertical
6.5.4. Market analysis by sub-region

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by usage
6.5.4.1.2. Market size and forecast, by industry vertical

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by usage
6.5.4.2.2. Market size and forecast, by industry vertical

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by usage
6.5.4.3.2. Market size and forecast, by industry vertical

Chapter: 7: COMPANY PROFILES

7.1. APPLE INC.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance

7.2. HAPTX

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Key strategic moves and developments

7.3. FLINT REHAB

7.3.1. Company overview
7.3.2. Company snapshot

7.4. MAZE EXCLUSIVE

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments

7.5. NEOFECT

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Key strategic moves and developments

7.6. VANDRICO SOLUTIONS INC.(OXSTREN)

7.6.1. Company overview
7.6.2. Company snapshot

7.7. WORKAROUND GMBH (PROGLOVE)

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Key strategic moves and developments

7.8. SAMSUNG ELECTRONICS CO. LTD.

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments

7.9. SEEKAS TECHNOLOGY CO., LTD

7.9.1. Company overview
7.9.2. Company snapshot

7.10. LAB BROTHERS LLC

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 02. SMART GLOVES MARKET REVENUE FOR FITNESS TRACKER, BY REGION, 2016-2023 ($MILLION)
TABLE 03. SMART GLOVES MARKET REVENUE FOR SPECIFIC HEALTH MONITORING DEVICE, BY REGION, 2016-2023 ($MILLION)
TABLE 04. SMART GLOVES MARKET REVENUE FOR MEDIA & CONNECTED DEVICE, BY REGION, 2016-2023 ($MILLION)
TABLE 05. SMART GLOVES MARKET REVENUE FOR OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 06. GLOBAL SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 07. SMART GLOVES MARKET REVENUE FOR HEALTHCARE INDUSTRY VERTICAL, BY REGION, 2016-2023 ($MILLION)
TABLE 08. SMART GLOVES MARKET REVENUE FOR INDUSTRIAL INDUSTRY VERTICAL, BY REGION, 2016-2023 ($MILLION)
TABLE 09. SMART GLOVES MARKET REVENUE FOR FITNESS INDUSTRY VERTICAL, BY REGION, 2016-2023 ($MILLION)
TABLE 10. SMART GLOVES MARKET REVENUE FOR OTHER INDUSTRY VERTICALS, BY REGION, 2016-2023 ($MILLION)
TABLE 11. SMART GLOVES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 13. NORTH AMERICA SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICA SMART GLOVES MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 15. U.S. SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 16. U.S. SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 17. CANADA SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 18. CANADA SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 19. MEXICO SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 20. MEXICO SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 21. EUROPE SMART GLOVES MARKET REVENUE FOR USAGE, 2016-2023 ($MILLION)
TABLE 22. EUROPE SMART GLOVES MARKET REVENUE FOR INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 23. EUROPE SMART GLOVES MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 24. UK SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 25. UK SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 26. GERMANY SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 27. GERMANY SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 28. FRANCE SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 29. FRANCE SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 30. REST OF EUROPE SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 31. REST OF EUROPE SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC SMART GLOVES MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 35. CHINA SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 36. CHINA SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 37. INDIA SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 38. INDIA SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 39. JAPAN SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 40. JAPAN SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 41. REST OF ASIA-PACIFIC SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 42. REST OF ASIA-PACIFIC SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 43. LAMEA SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 44. LAMEA SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 45. LAMEA SMART GLOVES MARKET REVENUE, BY SUB-REGION, 2016-2023 ($MILLION)
TABLE 46. LATIN AMERICA SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 47. LATIN AMERICA SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 48. MIDDLE EAST SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 49. MIDDLE EAST SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 50. AFRICA SMART GLOVES MARKET REVENUE, BY USAGE, 2016-2023 ($MILLION)
TABLE 51. AFRICA SMART GLOVES MARKET REVENUE, BY INDUSTRY VERTICAL, 2016-2023 ($MILLION)
TABLE 52. APPLE INC.: COMPANY SNAPSHOT
TABLE 53. APPLE INC.: OPERATING SEGMENTS
TABLE 54. HAPTX INC.: COMPANY SNAPSHOT
TABLE 55. HAPTX INC.: PRODUCT CATEGORY
TABLE 56. FLINT REHAB: COMPANY SNAPSHOT
TABLE 57. MAZE EXCLUSIVE: COMPANY SNAPSHOT
TABLE 58. MAZE EXCLUSIVE: PRODUCT CATEGORIES
TABLE 59. NEOFECT: COMPANY SNAPSHOT
TABLE 60. NEOFECT: OPERATING SEGMENTS
TABLE 61. VANDRICO SOLUTIONS INC. (OXSTREN): COMPANY SNAPSHOT
TABLE 62. WORKAROUND GMBH (PROGLOVE): COMPANY SNAPSHOT
TABLE 63. PROGLOVE: PRODUCT CATEGORIES
TABLE 64. SAMSUNG: COMPANY SNAPSHOT
TABLE 65. SAMSUNG: OPERATING SEGMENTS
TABLE 66. SEEKAS TECHNOLOGY CO., LTD: COMPANY SNAPSHOT
TABLE 67. LAB BROTHERS LLC: COMPANY SNAPSHOT

LIST OF FIGURES

FIGURE 01. EXECUTIVE SUMMARY
FIGURE 02. TOP INVESTMENT POCKETS
FIGURE 03. KEY PLAYER POSITIONING
FIGURE 04. COMPARATIVE SHARE ANALYSIS OF FITNESS TRACKER MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 05. COMPARATIVE SHARE ANALYSIS OF SPECIFIC HEALTH MONITORING DEVICE MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 06. COMPARATIVE SHARE ANALYSIS OF MEDIA & CONNECTED DEVICE MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 07. COMPARATIVE SHARE ANALYSIS OF CONNECTIVITY MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 08. COMPARATIVE SHARE ANALYSIS OF SMART GLOVES MARKET FOR HEALTHCARE INDUSTRY VERTICAL, BY COUNTRY, 2016 & 2023 (%)
FIGURE 09. COMPARATIVE SHARE ANALYSIS OF SMART GLOVES MARKET FOR INDUSTRIAL INDUSTRY VERTICAL, BY COUNTRY, 2016 & 2023 (%)
FIGURE 10. COMPARATIVE SHARE ANALYSIS OF FITNESS MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF SMART GLOVES MARKET FOR OTHER INDUSTRY VERTICALS, BY COUNTRY, 2016 & 2023 (%)
FIGURE 12. APPLE INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 13. APPLE INC.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 14. APPLE INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 15. SAMSUNG: NET SALES, 2014-2016 ($MILLION)
FIGURE 16. SAMSUNG: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 17. SAMSUNG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Smart gloves uses wireless technology that control objects in virtual reality, track motions, integrates gesture recognition and translate sign language into text or vocalized speeches. The smart glove market is expected denote a notable growth, owing to rise in demand for digitization and increase in spending and investment in technological advancement.

The adoption of nanotechnology and microencapsulation is one of the key trends, which help smart glove to gain positive traction in the market.

In 2016, North America was the highest contributor in terms of revenue. In addition, specific health monitoring device has contributed significant revenue to the market, majorly in the U.S.

Key market players have adopted various strategies, such as new product launch, business expansion, technologically advanced features and strategic alliances to increase awareness about smart gloves across various countries.

 

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