Smart Glove Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

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.

Smart Glove Market Report Analysis

Smart Glove Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Flint Rehab
• HaptX Inc.
• Lab Brothers LLC
• Maze Exclusive
• Nuada
• Neofect
• Shenzhen Seekas Technology Co., Ltd.
• Samsung Electronics Co., Ltd.
• Soka Gakkai

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Device Type

• Specific Health Monitoring Devices
• Fitness Trackers
• Media and Connected Devices

By End User

• Consumer
• Healthcare
• Industrial

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)
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Glove Market Report Scope