Smart Wearable Gloves Market to witness a high growth by 2024

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Smart Wearable Gloves Market to witness a high
growth by 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Smart Wearable Gloves
Market

• The U.S. smart wearable gloves market has
  witnessed the highest revenue and growth shares
  owing to the early advancements in the industrial
  sector and high investment capabilities of
  manufacturers to incorporate such devices. High
  labor costs and increasing logistics activities
  in all industry segments are fueling the industry
  demand.
• India, China, and South Korea are expected to
  cover large profit shares due to growing
  digitization, a rapid increase in the use of
  smartphones and wireless connectivity. Government
  mandates related to automation and robotics in
  the industrial sector are driving factors for the
  smart wearable gloves market.

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• Application Analysis of Smart Wearable Gloves
  Market
• The smart wearable gloves market, which is
  segmented based on its components has witnessed
  sensors as the rapidly-growing segment in the
  recent years. Sensors in these devices are used
  to sense the finger movements to translate data
  and receive commands for performing actions. The
  sensors provide benefits such as the detection of
  movements, efficient digital translation, and
  save time to interpret the data by manual
  applications. Microcontrollers segment in the
  smart wearable gloves market is expected to grow
  steadily over the forecast years due to
  activity-control and signal-detection benefits.
  These components act as processors for the
  systems to transmit data and obtain accurate
  results.
• Healthcare applications in the smart wearable
  gloves market are witnessing the highest growth
  and revenue shares. This growth is attributed to
  the provision of aiding chronic pains and severe
  strokes. These devices manage chronic diseases
  with at-home rehabilitation possibilities and
  reduce pain caused by applying electrical
  stimulation therapy to the patients. These
  wearables are increasingly used in stroke
  rehabilitation for patients with serious
  conditions and long-term disabilities. In the
  smart wearable gloves market, the education
  application segment is expected to witness
  significant growth opportunities.

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Competitive Market Share of Smart Wearable
Gloves Market

• Players operating in the smart wearable gloves
  market include NEOFECT, ProGlove, Blue Infusion
  Technology, Apple Inc., Samsung Electronics Co.,
  Ltd., Maze Exclusive, Seekas Technology Co.,
  Ltd., Vandrico Solutions, Inc., Motorola, Lab
  Brothers LLC, and Huawei. Some strategies adopted
  by these players in the smart wearable gloves
  market are new product developments or
  innovations, mergers, acquisitions, partnerships,
  and collaborations to provide technically-advanced
  products and enhance the customer experience.
  For instance, in January 2017, NEOFECT announced
  the launch of its Rapaels smart glove that is
  used for rehabilitation sessions for stroke
  patients. The product is a Bluetooth glove packed
  with sensors to measure finger and wrist
  movements.

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