The global smart glove market was valued at $1,740 million in 2016, and is estimated to reach $3,373 million by 2023, growing at a compound annual growth rate of f 9.5% from 2017 to 2023, according to the ReportBuyer research group (www.reportbuyer.com).
Smart wearable gloves are electronic devices with microcontrollers worn on hands as an accessory. This design incorporates practical functions as well as features. The healthcare, industrial, fitness and other sectors have progressively deployed such products.
The healthcare sector has approved the use of smart gloves for real-time tracking of heartbeats, body hydration level, and converting hand gestures into speeches. The smart glove market is expected to witness significant growth in the future, owing to rising in purchasing power and strengthening economy across the globe, according to ReportBuyer. Interestingly, the research group lists Apple as among the “key players” in the industry, even though the tech giant has announced no smart glove plans.