The Global Thermal Conductive Gloves Market is growing due to rising demand for mobile devices such as smartphones and tablets.
Market Dynamics
The global thermal conductive gloves market is growing due to rising demand for mobile devices such as smartphones and tablets. Tablet and smartphone device usage is on the rise in the United States, according to the US General Services Administration. In 2015, the United States had 378 million tablet and smartphone users. Furthermore, according to the Consumer Technology Association (CTA), smartphone unit volume shipped in the United States is predicted to rise by 2% to 189 million in 2018, while revenue is expected to rise by 3% to US$ 62.9 billion in 2018.
Thermal conductive gloves provide advantages such as dexterity, ease of grip, warmth, durability, ease of use, lightweight, breathability, and ease of donning and doffing, which are moving the worldwide conductive gloves market forward. Furthermore, the market is being fueled by the availability of a wide range of thermal conductive gloves in various colours, materials, styles, and thicknesses.
Due to technical advancements and an increase in the use of touch screen technology in various devices such as portable media players, digital cameras, media extenders, remote controls, laptops, and desktops, the global thermal conductive gloves market is increasing. This market's growth is being aided by rising consumer electronics demand. According to the Consumer Technology Association (CTA), a trade association for the consumer electronics industry in the United States, retail revenue for consumer electronics in the United States is predicted to reach US$ 351 billion in 2018, up 3.9 percent from 2017.
Market Outlook
- During the projected period, the Asia Pacific thermal conductive gloves market is expected to rise at a rapid pace. This is due to the increasing use of smartphones in the region. According to the Australian Communications and Media Authority, the number of smartphone owners in Australia increased by 104 percent from the previous year to 8.67 million in May 2012. Furthermore, according to the Central Intelligence Agency, a U.S. federal government intelligence service agency, China had the biggest number of mobile phone users, including smart phone users, in 2016, followed by India.
- The thermal conductive gloves market in Asia Pacific is growing due to the large number of mobile phone users.
- In the global market for thermal conductive gloves, North America represented a sizable market share. The market for thermal conductive gloves in this region is growing due to the increasing use of smartphones and tablets. According to the US General Services Administration, in December 2015, smartphones and tablets accounted for 36% of total internet traffic, up to 43% in December 2016.
- Furthermore, as touch screen panels are adopted in many electronic appliances, rising demand for electronics and appliances is fueling growth of the thermal conductive gloves market in this area. Total retail sales of electronics and appliances in the United States were US$ 28,158 million in 2014, according to the US Census Bureau, and climbed to US$ 30,016 million in 2015. In addition, the growing use of touchscreen technology in laptops and car electronics is boosting the demand for thermal conductive gloves in this region.
- According to the Consumer Technology Association (CTA), revenue from factory-installed car electronics, which includes entertainment systems with touch screens and other products, is expected to rise 5.9% in 2018 compared to 2017.
- Because of the high demand for electronic goods in Germany, the United Kingdom, and France, Europe is likely to be the most lucrative market for thermal conductive gloves. The electrical and electronics sector in Europe was valued at US$ 797.93 billion in 2015, according to the German Electrical and Electronic Manufacturers Association, making it the world's third-largest market.
- Furthermore, the electrical and electronics industry is anticipated to rise by 2% in Germany, 1% in the United Kingdom, and 1% in France in 2018 compared to 2017. Because thermal conductive gloves are utilised to control numerous touch screen electronic gadgets such as smartphones, laptops, and other consumer electronics, this expansion is driving up demand for them.
Comments
Post a Comment