The global smart glove market size was US$ 2.3 billion in 2021. The global smart glove market size is forecast to reach US$ 5.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.2% during the forecast period from 2022 to 2030. 

The smart glove is an improved wearable gadget that allows users to interact with virtual items in a more natural and direct manner. Furthermore, the smart wearable gloves imitate sensitive inputs that may feel by the user's hands, such as kinesthetic and tactile feedback that simulates touching and handling goods. Smart gadgets can also use as a fashion statement, a fitness tracker, a specific health problem monitoring device, a media device, or to connect to other digital devices.

Factors Influencing Market Growth

• Among the factors driving the global smart glove market include the rising research and technology advancement associated with smart gloves paired with the rise in the use of wearable technologies. 
• The high price of production delays the early adoption, which may slow down the overall market growth.
• A surge in flexibility in wearable technology and a rising smaller market component is forecast to offer potential growth opportunities for the smart glove market during the forecast period.

Impact Analysis of COVID-19

Due to the temporary shutdowns of factories and industries, demand for smart gloves in the industrial sector stayed low during the COVID-19 pandemic. At the same time, there was a significant demand for the smart glove in the healthcare business to safeguard healthcare employees, waste management workers, and frontline workers from the COVID-19 virus. However, the COVID-19 pandemic breakout has severely impacted the product supply chain. This has also had an impact on the smart glove's manufacture. As a result, the COVID-19 pandemic had a minimal impact on the global smart glove market.

Regional Insights

North America had the largest market share in 2021. The presence of major players who are constantly investing resources in developing VR solutions. The introduction of next-generation smart wearable devices across key industries has bolstered the region's smart glove industry. Furthermore, the smart glove market is likely to develop due to an increase in demand for fitness solutions.

The Asia Pacific is forecast to have lucrative growth during the forecast period. Early acceptance of IoT, large-scale execution of a wide range of ubiquitous systems, such as wearable computing and sensor technologies across multiple business sectors, and rising consumer interest in fitness wearable gadgets. Furthermore, major research investments propel soft and flexible electronics design advancements, giving smart wearable solutions a competitive advantage.

Leading Competitors

The leading prominent companies profiled in the global smart glove market are:

• HaptX, Incorporated
• Neofect
• Vandrico Solutions Incorporated. (Oxstren)
• Workaround GmbH (ProGlove)
• Samsung Electronics Co. Limited
• Shenzhen Seekas Technology Co. Limited
• Saebo, Incorporated
• Blue Infusion Technologies
• Dexta Robotics
• Other Prominent Players

Scope of the Report

The global smart glove market segmentation focuses on Usage, Industry Vertical, and Region.

Segmentation based on Usage

• Fitness Tracker
• Specific Health Monitoring Device
• Media And Connected Device
• Others

Segmentation based on Industry Vertical

• Healthcare
• Industrial
• Fitness
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America