Emergen Research has published its latest report titled “Smart Gloves Market, By Usage (Media and Connected Devices, Fitness Trackers, Specific Health Issue Monitoring Devices, Others), By End-use (Healthcare, Industrial, Fitness, Others), and By Region Forecast to 2028”
Steady revenue growth of the global smart gloves market is attributed to factors such as growing awareness of health & fitness, rapid adoption of connected and IoT-based devices, rising awareness about the compatibility and convenience of wearable devices, and increasing demand for the product among speech-impaired, deaf, and visually-challenged people.
Smart gloves are electronic devices that are equipped with microcontrollers and have advanced circuit designs and wireless connectivity. These are equipped with advanced sensors such as gesture sensors, bend sensors, and hall-effect sensors, and they are primarily used as fitness trackers or real-time health monitoring devices. Moreover, these devices can help individuals with speech impairment to communicate effectively by converting hand gestures into speech. Other key functions of smart gloves include tracking the body’s hydration levels, real-time heartbeat monitoring, and motion tracking.
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The global smart gloves market revenue growth is further driven by factors such as rapid adoption of tactile sensor and motion tracking technologies, increasing applications in the fields of augmented reality (AR), virtual reality (VR), and robotics, and growing use of the technology in the sports & fitness and gaming sectors.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Fitness Trackers Segment Accounted for Largest Revenue Share in 2020:
Based on usage, the global smart gloves market is segmented into Media and Connected Devices, Fitness Trackers, Specific Health Issue Monitoring Devices, and Others. The fitness trackers segment accounted for the largest revenue share in the global market in 2020. Growing penetration of the smartphones and tablets, increasing adoption of wearable electronic devices, rising awareness of health & fitness – especially among the working population – and rising disposable incomes of consumers are major factors driving the revenue growth of this segment.
Fitness Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global smart gloves market is segmented into Healthcare, Industrial, Fitness, and Others. The fitness segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Key factors contributing to revenue growth of this segment are rising awareness of health & wellness, growing inclination towards unhealthy lifestyles and eating habits, rising prevalence of chronic diseases such as obesity, diabetes, and high blood pressure, and increasing number of gyms and fitness clubs.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America smart gloves market was the most dominant in terms of largest revenue share in the global market in 2020. Rising awareness of health & fitness, increasing demand for IoT-based smart wearable devices, growing demand for smart gloves among deaf, mute, and visually-impaired people, and thriving gaming and sports & fitness industries are among the key factors boosting the North America market revenue growth.
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Major Companies in the Global Smart Gloves Market Include:
- Apple Inc.
- Flint Rehab
- HaptX Inc.
- Lab Brother LLC
- Maze Exclusive
- Samsung Electronics Co. Ltd.
- Seekas Technology Co., Ltd.
- Vandrico Solution Inc.
- Workaround Gmbh
For the purpose of this report, Emergen Research has segmented the global smart gloves market based on usage, end-use, and region:
Usage Outlook (Revenue, USD Billion; 2018-2028)
- Media and Connected Devices
- Fitness Trackers
- Specific Health Issue Monitoring Devices
End-use Outlook (Revenue, USD Billion; 2018-2028)
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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