Smart Gloves Market Emerging Player Outperforming With North Face, HaptX, Dexta Robotics

According to HTF Market Intelligence, the global Smart Gloves market is estimated to grow at a CAGR of 11% from 2024 to 2030.

PUNE, MAHARASHTRA, INDIA, July 13, 2024 /EINPresswire.com/ -- The Latest Market Research Study on “Global Smart Gloves Market” is now released to provide a detailed overview of hidden gems performance analysis in recent years. The study covers an in-depth overview of market dynamics, segmentation, product portfolio, business plans, and the latest developments in the industry. Staying on top of market trends & drivers always remains crucial for decision-makers and marketers to keep a hold of developing opportunities.

Some of the major players such as Dexta Robotics (China), Electrosal (India), Frost & Sullivan (United Staes), Fujitsu (Japan), HaptX (United Staes), Huawei (China), Microsoft (United Staes), Neofect (South Korea), North Face (United Staes), ProGlove (Germany), Rokoko (Denmark), Samsung (South Korea), SMART GLOVE CORPORATION SDN BHD (Malaysia)

According to HTF Market Intelligence, the global Smart Gloves market is valued at USD Billion in 2023 and estimated to reach a revenue of USD Billion by 2030, with a CAGR of 11% from 2023 to 2030.
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Smart Gloves Market Overview
Gloves embedded with sensors and other electronic components that enable advanced functionalities. These can include monitoring health metrics, improving grip in industrial settings, or allowing for gesture-based controls in virtual or augmented reality environments.
Smart Gloves Market Competitive Landscape & Company Profiles

The Company's Coverage aims to innovate to increase efficiency and product life. The long-term growth opportunities available in the sector are captured by ensuring constant process improvements and economic flexibility to spend in the optimal schemes. Company profile section of players such as Dexta Robotics (China), Electrosal (India), Frost & Sullivan (United Staes), Fujitsu (Japan), HaptX (United Staes), Huawei (China), Microsoft (United Staes), Neofect (South Korea), North Face (United Staes), ProGlove (Germany), Rokoko (Denmark), Samsung (South Korea), SMART GLOVE CORPORATION SDN BHD (Malaysia) includes its basic information like company legal name, website, headquarters, subsidiaries, market position, history, and 5 closest competitors by Market capitalization/revenue along with contact information.

Market Trends:
Smart Gloves allow users to control devices that are connected with simple gestures, making them an increasingly common feature in Internet of Things (IoT) and smart home environments. Convenience and energy efficiency are increased by this integration, which makes possible to do activities including control appliances, change lighting, and operate security systems with natural movements. Furthermore, advances in gesture recognition technologies increase usability by ensuring accurate and responsive interactions. In addition, these advancements show the potential of Smart Gloves to significantly influence the direction of Internet of Things applications and smart home automation.

Market Drivers:
The market for smart gloves is growing rapidly due to wearable technology enhancements and rising healthcare demand. These gloves are becoming important in the medical field for remote patient monitoring, rehabilitation, and vital sign monitoring. Furthermore, they also incorporate sensors to improve patient outcomes. Meanwhile, the gloves' utility and appeal are growing across a range of applications due to technology developments including sensor restructuring, better battery life, and improved networking possibilities. These elements highlight the growing impact of smart gloves on the worldwide wearable technology and healthcare delivery sectors. As a result, advancements in wearable technology is a major driving factor fueling the market growth and demand.

Market Opportunities:
Smart gloves play an increasingly important role in military and defense and also in industrial applications. They improve communication, situational awareness, and operational efficiency through sensors and real-time data feedback in military settings. Moreover, in industrial sectors, smart gloves are beneficial for tasks requiring precision, remote operation, and data collection, thus optimizing workflows in manufacturing, logistics, and healthcare. The popularity of these gloves reflects a growing interest in advanced wearable technologies that enhance performance, safety, and operational effectiveness in various professional environments. Thus, demand in military and defense sector is a substantial opportunity for market growth. In May 2021, Apple Inc. secured a patent for the segmented force sensors for smart wearable gloves. The tech giant aims to utilize force-sensing gloves to convert a user’s movement into input The Federal Communications Commission (FCC) in the US is one recognized agency that establishes regulations. Electromagnetic compatibility (EMC) and radio frequency use are regulated by the FCC for products including smart gloves that use wireless technology or operate in specific frequency bands. Compliance to FCC regulations ensures that these gadgets function securely within predetermined limits and do not interact with other electronic devices.

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Smart Gloves Market: Segmentation
The Smart Gloves Market is Segmented by Global Smart Gloves Market Breakdown by Application (Healthcare and Rehabilitation, Industrial and Manufacturing, Gaming and Entertainment, Others) by Component (Software, Hardware) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

Smart Gloves Market - Geographical Outlook
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Key Questions Answered with this Study
1) What makes Global Smart Gloves Market feasible for long-term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see a steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for products/services?
5) What opportunity emerging territory would offer to established and new entrants in Global Smart Gloves market?
6) Risk side analysis connected with service providers?
7) How influencing are factors driving the demand of Global Smart Gloves in the next few years?
8) What is the impact analysis of various factors in the Global Smart Gloves market growth?
9) What strategies of big players help them acquire a share in a mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Global Smart Gloves Market?

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Nidhi Bhawsar
HTF Market Intelligence Consulting Private Limited
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