Smart Wearable Gloves Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2870
Smart Wearable Gloves Market size is driven majorly by the increased demand for integrated technology used in gesture recognition and translation of sign language. These gloves allow wireless translation of sign language into text and control objects used in virtual reality gaming applications. The growing usage of smart gloves by hearing-impaired and speech-disabled people around the world owing to their gesture recognition abilities is creating opportunities for smart wearable gloves market growth. These wearables aid in converting sign language and gestures into speech by using the motion tracking technology.
The increasing use of these wearables in industrial applications is driving the smart wearable gloves market growth. This enables the manufacturing and logistics staff to work in a fast, safe and more efficient manner due to an instant feedback provided to the user. These wearables perform several activities in industries such as hands-free goods scanning, monitoring and training the workflow sequences, and documentation of goods and processes. For instance, ProGlove developed a smart glove that finds applications in industries embedded with sensors and scanners that allow the workers to scan barcodes directly using hand movements.
The high cost of these products is a major factor hindering the smart wearable gloves market growth. The price involved in manufacturing these gloves is high due to the incorporation of expensive sensors, scanning, and recognition components. High manufacturing and supply costs eventually increase the product price, making it unaffordable to customers with less investments. Unawareness about the benefits provided by these wearables in the industrial and manufacturing applications is also restraining the industry demand.
Technical errors occurring in the devices at critical times, such as failure in medical emergencies, are hindering the popularity of the smart wearable gloves market. These problems can be solved by manufacturing efficient wearables capable of supporting human functions along with providing security and safety. The smart wearable gloves market faces challenges such as the inability of people to handle these devices for performing recognition and translation functions to aid the visually and hearing-impaired people.
An emerging trend in the smart wearable gloves market is the data glove, an IoT-enabled intelligent gadget. This device is capable of performing tasks such as temperature monitoring, ambient light detection, and gesture recognition & control. These devices are integrated with various sensors and microcontrollers for capturing the sensed data. The implementation of wireless technologies, such as Bluetooth, is a trend propelling the development of smart glove market These gloves are incorporated with microcontrollers that translate hand gestures with 26 letters of sign language into a digital text. The data can further be exchanged with electronic devices via wireless Bluetooth links. The devices are being used in VR and robotics technology. The incorporation of a sense of touch in the devices allows a better control over virtual and robotic hands by sending the tactile sensations back to the user. The smart wearable gloves market growth is driven by the increasing use in gaming applications such as augmented reality games and non-VR games.
The smart wearable gloves market, which is segmented based on its components has witnessed sensors as the rapidly-growing segment in the recent years. Sensors in these devices are used to sense the finger movements to translate data and receive commands for performing actions. The sensors provide benefits such as the detection of movements, efficient digital translation, and save time to interpret the data by manual applications. Microcontrollers segment in the smart wearable gloves market is expected to grow steadily over the forecast years due to activity-control and signal-detection benefits. These components act as processors for the systems to transmit data and obtain accurate results.
Healthcare applications in the smart wearable gloves market are witnessing the highest growth and revenue shares. This growth is attributed to the provision of aiding chronic pains and severe strokes. These devices manage chronic diseases with at-home rehabilitation possibilities and reduce pain caused by applying electrical stimulation therapy to the patients. These wearables are increasingly used in stroke rehabilitation for patients with serious conditions and long-term disabilities. In the smart wearable gloves market, the education application segment is expected to witness significant growth opportunities. The high demand of this segment is due to the increasing focus on educating people with hearing and speaking disabilities. These devices aid in translating the actions and gestures into digital language providing students with the means to learn in an easy and effective manner.
The U.S. smart wearable gloves market has witnessed the highest revenue and growth shares owing to the early advancements in the industrial sector and high investment capabilities of manufacturers to incorporate such devices. High labor costs and increasing logistics activities in all industry segments are fueling the industry demand. India, China, and South Korea are expected to cover large profit shares due to growing digitization, a rapid increase in the use of smartphones and wireless connectivity. Government mandates related to automation and robotics in the industrial sector are driving factors for the smart wearable gloves market.
Players operating in the smart wearable gloves market include NEOFECT, ProGlove, Blue Infusion Technology, Apple Inc., Samsung Electronics Co., Ltd., Maze Exclusive, Seekas Technology Co., Ltd., Vandrico Solutions, Inc., Motorola, Lab Brothers LLC, and Huawei. Some strategies adopted by these players in the smart wearable gloves market are new product developments or innovations, mergers, acquisitions, partnerships, and collaborations to provide technically-advanced products and enhance the customer experience. For instance, in January 2017, NEOFECT announced the launch of its Rapael’s smart glove that is used for rehabilitation sessions for stroke patients. The product is a Bluetooth glove packed with sensors to measure finger and wrist movements.
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