Smart Glove Market Scope and Size by 2031
The smart gloves are electronic devices with microcontrollers designed to fit on hands as an accessory and simultaneously serve specific functions. These functions include accurate health monitoring, fitness tracking, aiding visually challenged or speech impaired to communicate, and other industrial purposes. Smart gloves are often incorporated with integrated gesture sensors such as bend sensors and hall effect sensors to map the orientation of fingers and hands and enhance processing speed, quality, and efficiency of the task.
MARKET SCOPE
The "Global Smart Glove Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the smart glove market with detailed market segmentation by application, end user, and geography. The report provides key statistics on the market status of the leading smart glove market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on application, the global smart glove market is segmented into specific health monitoring devices, fitness trackers, media and connected devices, , and others.
- On the basis of end user, the market is segmented into consumer, healthcare, industrial, and others.
MARKET DYNAMICS
Drivers:
- The smart glove market is anticipated to grow in the forecast period owing to driving factors such as the technological developments and innovations in different fields such as industrial, fitness, healthcare, and other sectors.
- Moreover, approval from the healthcare sector for gesture recognition, real-time tracking of heartbeats, hydration level coupled with rising consumer trend for fitness accessories further boosts the growth of the smart glove market.
- The advent of microencapsulation and nanotechnology offer lucrative opportunities for the key players operating in the smart glove market during the forecast period.
Restraints:
- The high manufacturing costs of the product may hinder the growth of the smart glove market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart glove market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart glove market in these regions.
IMPACT OF COVID-19 ON SMART GLOVE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart glove market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart glove market in these regions.
IMPACT OF COVID-19 ON SMART GLOVE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the smart glove market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from smart glove market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart glove market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Flint Rehab
- HaptX Inc.
- Lab Brothers LLC
- Maze Exclusive
- Nuada
- Neofect
- Shenzhen Seekas Technology Co., Ltd.
- Samsung Electronics Co., Ltd.
- Soka Gakkai
- Workaround GmbH (ProGlove)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Glove Market - By Device Type
1.3.2 Smart Glove Market - By End User
1.3.3 Smart Glove Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART GLOVE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMART GLOVE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SMART GLOVE MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART GLOVE - GLOBAL MARKET OVERVIEW
6.2. SMART GLOVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART GLOVE MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
7.1. OVERVIEW
7.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. SPECIFIC HEALTH MONITORING DEVICES
7.3.1. Overview
7.3.2. Specific Health Monitoring Devices Market Forecast and Analysis
7.4. FITNESS TRACKERS
7.4.1. Overview
7.4.2. Fitness Trackers Market Forecast and Analysis
7.5. MEDIA AND CONNECTED DEVICES
7.5.1. Overview
7.5.2. Media and Connected Devices Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SMART GLOVE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. CONSUMER
8.3.1. Overview
8.3.2. Consumer Market Forecast and Analysis
8.4. HEALTHCARE
8.4.1. Overview
8.4.2. Healthcare Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SMART GLOVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Smart Glove Market Overview
9.1.2 North America Smart Glove Market Forecasts and Analysis
9.1.3 North America Smart Glove Market Forecasts and Analysis - By Device Type
9.1.4 North America Smart Glove Market Forecasts and Analysis - By End User
9.1.5 North America Smart Glove Market Forecasts and Analysis - By Countries
9.1.5.1 United States Smart Glove Market
9.1.5.1.1 United States Smart Glove Market by Device Type
9.1.5.1.2 United States Smart Glove Market by End User
9.1.5.2 Canada Smart Glove Market
9.1.5.2.1 Canada Smart Glove Market by Device Type
9.1.5.2.2 Canada Smart Glove Market by End User
9.1.5.3 Mexico Smart Glove Market
9.1.5.3.1 Mexico Smart Glove Market by Device Type
9.1.5.3.2 Mexico Smart Glove Market by End User
9.2. EUROPE
9.2.1 Europe Smart Glove Market Overview
9.2.2 Europe Smart Glove Market Forecasts and Analysis
9.2.3 Europe Smart Glove Market Forecasts and Analysis - By Device Type
9.2.4 Europe Smart Glove Market Forecasts and Analysis - By End User
9.2.5 Europe Smart Glove Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Smart Glove Market
9.2.5.1.1 Germany Smart Glove Market by Device Type
9.2.5.1.2 Germany Smart Glove Market by End User
9.2.5.2 France Smart Glove Market
9.2.5.2.1 France Smart Glove Market by Device Type
9.2.5.2.2 France Smart Glove Market by End User
9.2.5.3 Italy Smart Glove Market
9.2.5.3.1 Italy Smart Glove Market by Device Type
9.2.5.3.2 Italy Smart Glove Market by End User
9.2.5.4 United Kingdom Smart Glove Market
9.2.5.4.1 United Kingdom Smart Glove Market by Device Type
9.2.5.4.2 United Kingdom Smart Glove Market by End User
9.2.5.5 Russia Smart Glove Market
9.2.5.5.1 Russia Smart Glove Market by Device Type
9.2.5.5.2 Russia Smart Glove Market by End User
9.2.5.6 Rest of Europe Smart Glove Market
9.2.5.6.1 Rest of Europe Smart Glove Market by Device Type
9.2.5.6.2 Rest of Europe Smart Glove Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Smart Glove Market Overview
9.3.2 Asia-Pacific Smart Glove Market Forecasts and Analysis
9.3.3 Asia-Pacific Smart Glove Market Forecasts and Analysis - By Device Type
9.3.4 Asia-Pacific Smart Glove Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Smart Glove Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Smart Glove Market
9.3.5.1.1 Australia Smart Glove Market by Device Type
9.3.5.1.2 Australia Smart Glove Market by End User
9.3.5.2 China Smart Glove Market
9.3.5.2.1 China Smart Glove Market by Device Type
9.3.5.2.2 China Smart Glove Market by End User
9.3.5.3 India Smart Glove Market
9.3.5.3.1 India Smart Glove Market by Device Type
9.3.5.3.2 India Smart Glove Market by End User
9.3.5.4 Japan Smart Glove Market
9.3.5.4.1 Japan Smart Glove Market by Device Type
9.3.5.4.2 Japan Smart Glove Market by End User
9.3.5.5 South Korea Smart Glove Market
9.3.5.5.1 South Korea Smart Glove Market by Device Type
9.3.5.5.2 South Korea Smart Glove Market by End User
9.3.5.6 Rest of Asia-Pacific Smart Glove Market
9.3.5.6.1 Rest of Asia-Pacific Smart Glove Market by Device Type
9.3.5.6.2 Rest of Asia-Pacific Smart Glove Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Smart Glove Market Overview
9.4.2 Middle East and Africa Smart Glove Market Forecasts and Analysis
9.4.3 Middle East and Africa Smart Glove Market Forecasts and Analysis - By Device Type
9.4.4 Middle East and Africa Smart Glove Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Smart Glove Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Smart Glove Market
9.4.5.1.1 South Africa Smart Glove Market by Device Type
9.4.5.1.2 South Africa Smart Glove Market by End User
9.4.5.2 Saudi Arabia Smart Glove Market
9.4.5.2.1 Saudi Arabia Smart Glove Market by Device Type
9.4.5.2.2 Saudi Arabia Smart Glove Market by End User
9.4.5.3 U.A.E Smart Glove Market
9.4.5.3.1 U.A.E Smart Glove Market by Device Type
9.4.5.3.2 U.A.E Smart Glove Market by End User
9.4.5.4 Rest of Middle East and Africa Smart Glove Market
9.4.5.4.1 Rest of Middle East and Africa Smart Glove Market by Device Type
9.4.5.4.2 Rest of Middle East and Africa Smart Glove Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Smart Glove Market Overview
9.5.2 South and Central America Smart Glove Market Forecasts and Analysis
9.5.3 South and Central America Smart Glove Market Forecasts and Analysis - By Device Type
9.5.4 South and Central America Smart Glove Market Forecasts and Analysis - By End User
9.5.5 South and Central America Smart Glove Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Smart Glove Market
9.5.5.1.1 Brazil Smart Glove Market by Device Type
9.5.5.1.2 Brazil Smart Glove Market by End User
9.5.5.2 Argentina Smart Glove Market
9.5.5.2.1 Argentina Smart Glove Market by Device Type
9.5.5.2.2 Argentina Smart Glove Market by End User
9.5.5.3 Rest of South and Central America Smart Glove Market
9.5.5.3.1 Rest of South and Central America Smart Glove Market by Device Type
9.5.5.3.2 Rest of South and Central America Smart Glove Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SMART GLOVE MARKET, KEY COMPANY PROFILES
11.1. FLINT REHAB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HAPTX INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. LAB BROTHERS LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MAZE EXCLUSIVE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NUADA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NEOFECT
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHENZHEN SEEKAS TECHNOLOGY CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SAMSUNG ELECTRONICS CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOKA GAKKAI
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WORKAROUND GMBH (PROGLOVE)
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Flint Rehab
2.HaptX Inc.
3.Lab Brothers LLC
4.Maze Exclusive
5.Nuada
6.Neofect
7.Shenzhen Seekas Technology Co., Ltd.
8.Samsung Electronics Co., Ltd.
9.Soka Gakkai
10.Workaround GmbH (ProGlove)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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