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Industrial grade gloves and medical grade gloves, and thus, contribute to the Smart Glove market growth.

HYDERABAD, TELANGANA, INDIA, December 22, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts that the Smart Glove Market is expected to reach US$4.67 billion after growing at an estimated CAGR of 9.6% during 2021-2026. Smart Glove is considered as a wide range of Sensor technology gloves for advanced and customized solutions, such as hand protection, high-tech rehab device and other assistive device services. The Smart Gloves are designed electronic devices with microcontrollers to offer avant-garde opportunities for various kinds of application suitable to the business requirements, including industrial grade gloves and medical grade gloves, and thus, contribute to the Smart Glove market growth. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

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https://www.industryarc.com/pdfdownload.php?id=505747

Key Takeaways:

This IndustryARC report on the Smart Glove Market highlights the following areas –

• The growing demand of wearable medical devices owing to the increasing awareness on fitness and a healthy lifestyle along with prominence of connected devices in Healthcare, contribute to the growth.

• Asia Pacific is estimated to hold the highest share of 40% in 2020, followed by North America, owing to the significant adoption of IoT, large scale implementation of a wide range of ubiquitous systems, such as wearable computing and sensor technology across the several business verticals.

• The advancements in consumer electronics with a wide range of technical advantages, including touch sensitive features and miniature designs, resulted into the market growth.

Segmental Analysis:

• By Industry Verticals - The Smart Glove Market is segmented into Pharmaceuticals & Healthcare, Food & Beverages, Enterprise and Industrial, Consumer Electronics and others. The Enterprise and Industrial segment held the major share of 37% in 2020, owing to the propensity for cutting-edge products and significant investment to pursue radical evolutions in commercial applications. In order to address the growing requirement of several end users across automotive, oil & gas, manufacturing and logistics, customizable smart gloves with built-in scanners are introduced for more effective operations.

• By Geography - Asia Pacific is estimated to hold the highest share of 40% in 2020, followed by North America in Smart Glove Market. The early adoption of IoT, large scale implementation of a wide range of ubiquitous systems, such as wearable computing and sensor technology across the several business verticals, along with the growing interest of consumers towards ‘sensorized’ fitness wearable devices are estimated to drive the market in these regions.

Click on the following link to buy the Smart Glove Market Report:
https://www.industryarc.com/reports/request-quote?id=505747

Competitive Landscape:

The top 5 players in the Smart Glove Industry are -

1. Apple Inc
2. Flint Rehab
3. Haptx
4. Lab Brother Llc
5. Maze Exclusive

Click here to browse the complete report summary:
https://www.industryarc.com/Research/Smart-Glove-Market-Research-505747

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Related Reports:

A. Wrist Wearable Devices Market:

https://www.industryarc.com/Report/167/wrist-wearable-devices-market-analysis-and-forecast.html

B. Wearable Medical Devices Market:

https://www.industryarc.com/Report/205/Wearable-medical-devices-Market-Analysis-Report.html

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