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Product Innovations in Virtual Reality Gloves to Unlock Exciting Market Avenues

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Published on : May 22, 2017

Albany, New York, May 22, 2017: The report offers comprehensive insights into the current market dynamics, emerging trends and opportunities, and competitive landscape. The research provides an in-depth analysis of the offerings of key players, brand positioning strategies, and technological advancements in virtual and augmented reality. The major product segments covered are wired and wireless virtual reality gloves. 

The study takes a closer look at the emerging applications of virtual reality and the crucial factors affecting their sale volumes among key end-use industries. The report zeroes in on the recent innovative products launched by prominent companies and estimates their sale volumes in the coming years. Recent investment initiatives by leading technology companies to augment their capabilities in virtual realities (VR) are highlighted in the study. In addition, it assesses the impact of these developmental activities on the demand for virtual reality gloves. The major regions covered in the report are North America, Europe, and Asia Pacific, with a focus on Taiwan, China, Japan, and Korea. 

The market for virtual reality gloves market is mainly driven by the growing demand for enhanced digital experience among people in various industries such as entertainment, education, and medical. The increasing fascination of people to get a hands-on experience in augmented and virtual reality of physical objects and environment has boosted the uptake of these gloves. Technological advancements in sensors used and the advances in the area of optics have led to some interesting development in major markets. Improvements in wireless technologies and upgrade in the equipment used to manufacture VR gloves are anticipated to unlock exciting opportunities for several market players. 

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Virtual reality gloves are gaining popularity in online gaming as they offer improved graphics and advanced lenses. In addition, they are capable of bringing down latency and creating incredible visual world for the wearer. The substantial demand for virtual reality for console gaming is anticipated to provide lucrative avenues in the coming years. The use of VR gloves in simulated surgeries is gaining traction as these gloves are used for training. The soaring adoption of VR gloves by the militaries of advanced nations for training and treating post-traumatic stress disorders in soldiers is expected to open up exciting opportunities for developers and vendors. 

Prominent players are investing substantial capital in research activities on developing virtual and augmented reality capabilities. For instance, the recent development efforts by Oculus in making VR gloves was reiterated by Facebook, Inc. in its global developer conference, Facebook F8, held in April, 2017. Relentless efforts by the researchers in the Oculus Research lab in Washington are expanding the capability of virtual and augmented reality. These developments bode well for the virtual reality gloves market. 

Major players vying for a sustained share in the virtual reality gloves market include Yost Labs, Inc., Dexmo, Sony, NeuroDigital Technologies S.L., Manus VR, and Cyber Glove Systems. 

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