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Smart Glove Market By Usage, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 208 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640345
Description Jump to:
The smart glove market was valued at $2.1 billion in 2020 and is projected to reach $5.1 billion by 2030, registering a CAGR of 9.6% from 2021 to 2030. Smart gloves are next-generation AI-powered devices intended to enable users to manipulate virtual matters in a more instinctive and direct way.
The growth of the smart glove market is majorly driven by the advancement in research and technology associated with smart gloves coupled with the entry of smaller players. Furthermore, growth in the usage of wearable technologies is anticipated to drive market growth. However, high production cost acts as a prime restraint of the market. On the contrary, a high growth rate in smaller market segments paired with rising flexibility in wearable technology is anticipated to provide lucrative opportunities for the expansion of the smart glove market during the forecast period.

The smart glove market is segmented by usage, industry vertical, and region. On the basis of usage, the market is divided into fitness trackers, specific health issue monitoring devices, media & connected device, and others. On the basis of industry vertical, the market is bifurcated into healthcare, industrial, fitness, and others. Region-wise, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the rest of Europe), Asia-Pacific (China, India, Japan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players operating in the market include HaptX, Flint Rehab, Maze Exclusive, NEOFECT, Vandrico Solutions Inc. (Oxstren), Workaround GmbH (ProGlove), Samsung Electronics Co. Ltd., Shenzhen Seekas Technology Co. Ltd., Saebo, Blue Infusion Technologies, and Dexta Robotics.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart glove market analysis from 2020 to 2030 to identify the prevailing smart glove market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the smart glove market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global smart glove market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Usage

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

By Industry Vertical

  • Healthcare
  • Industrial
  • Fitness
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • HaptX
  • Flint Rehab
  • Neofect
  • Vandrico Solutions Inc. (Oxstren)
  • Workaround GmbH (ProGlove)
  • Samsung Electronics Co. Ltd.
  • Shenzhen Seekas Technology Co. Ltd.
  • saebo, inc.
  • Blue Infusion Technologies
  • Dexta Robotics

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Patent Landscape
CHAPTER 4: SMART GLOVE MARKET, BY USAGE
4.1 Overview
4.1.1 Market size and forecast
4.2 Fitness Tracker
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Specific Health Monitoring Device
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Media And Connected Device
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: SMART GLOVE MARKET, BY INDUSTRY VERTICAL
5.1 Overview
5.1.1 Market size and forecast
5.2 Healthcare
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Industrial
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Fitness
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: SMART GLOVE MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Usage
6.2.3 North America Market size and forecast, by Industry Vertical
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Usage
6.2.4.1.2 Market size and forecast, by Industry Vertical
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Usage
6.2.4.2.2 Market size and forecast, by Industry Vertical
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Usage
6.2.4.3.2 Market size and forecast, by Industry Vertical
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Usage
6.3.3 Europe Market size and forecast, by Industry Vertical
6.3.4 Europe Market size and forecast, by country
6.3.4.1 United Kingdom
6.3.4.1.1 Market size and forecast, by Usage
6.3.4.1.2 Market size and forecast, by Industry Vertical
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Usage
6.3.4.2.2 Market size and forecast, by Industry Vertical
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Usage
6.3.4.3.2 Market size and forecast, by Industry Vertical
6.3.4.4 Rest of Europe
6.3.4.4.1 Market size and forecast, by Usage
6.3.4.4.2 Market size and forecast, by Industry Vertical
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Usage
6.4.3 Asia-Pacific Market size and forecast, by Industry Vertical
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Usage
6.4.4.1.2 Market size and forecast, by Industry Vertical
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Usage
6.4.4.2.2 Market size and forecast, by Industry Vertical
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Usage
6.4.4.3.2 Market size and forecast, by Industry Vertical
6.4.4.4 Rest Of Asia Pacific
6.4.4.4.1 Market size and forecast, by Usage
6.4.4.4.2 Market size and forecast, by Industry Vertical
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Usage
6.5.3 LAMEA Market size and forecast, by Industry Vertical
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Usage
6.5.4.1.2 Market size and forecast, by Industry Vertical
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Usage
6.5.4.2.2 Market size and forecast, by Industry Vertical
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Usage
6.5.4.3.2 Market size and forecast, by Industry Vertical
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 HaptX
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Flint Rehab
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Neofect
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Vandrico Solutions Inc. (Oxstren)
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Workaround GmbH (ProGlove)
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Samsung Electronics Co. Ltd.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Shenzhen Seekas Technology Co. Ltd.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 saebo, inc.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Blue Infusion Technologies
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Dexta Robotics
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 2. Smart Glove Market Size, for Fitness Tracker, by Region, 2020-2030 ($Million)
Table 3. Smart Glove Market for Fitness Tracker, by Country, 2020-2030 ($Million)
Table 4. Smart Glove Market Size, for Specific Health Monitoring Device, by Region, 2020-2030 ($Million)
Table 5. Smart Glove Market for Specific Health Monitoring Device, by Country, 2020-2030 ($Million)
Table 6. Smart Glove Market Size, for Media and Connected Device, by Region, 2020-2030 ($Million)
Table 7. Smart Glove Market for Media and Connected Device, by Country, 2020-2030 ($Million)
Table 8. Smart Glove Market Size, for Others, by Region, 2020-2030 ($Million)
Table 9. Smart Glove Market for Others, by Country, 2020-2030 ($Million)
Table 10. Global Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 11. Smart Glove Market Size, for Healthcare, by Region, 2020-2030 ($Million)
Table 12. Smart Glove Market for Healthcare, by Country, 2020-2030 ($Million)
Table 13. Smart Glove Market Size, for Industrial, by Region, 2020-2030 ($Million)
Table 14. Smart Glove Market for Industrial, by Country, 2020-2030 ($Million)
Table 15. Smart Glove Market Size, for Fitness, by Region, 2020-2030 ($Million)
Table 16. Smart Glove Market for Fitness, by Country, 2020-2030 ($Million)
Table 17. Smart Glove Market Size, for Others, by Region, 2020-2030 ($Million)
Table 18. Smart Glove Market for Others, by Country, 2020-2030 ($Million)
Table 19. Smart Glove Market, by Region, 2020-2030 ($Million)
Table 20. North America Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 21. North America Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 22. North America Smart Glove Market, by Country, 2020-2030 ($Million)
Table 23. U.S. Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 24. U.S. Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 25. Canada Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 26. Canada Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 27. Mexico Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 28. Mexico Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 29. Europe Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 30. Europe Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 31. Europe Smart Glove Market, by Country, 2020-2030 ($Million)
Table 32. United Kingdom Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 33. United Kingdom Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 34. Germany Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 35. Germany Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 36. France Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 37. France Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 38. Rest of Europe Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 39. Rest of Europe Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 40. Asia-Pacific Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 41. Asia-Pacific Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 42. Asia-Pacific Smart Glove Market, by Country, 2020-2030 ($Million)
Table 43. China Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 44. China Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 45. Japan Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 46. Japan Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 47. India Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 48. India Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 49. Rest of Asia-Pacific Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 50. Rest of Asia-Pacific Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 51. LAMEA Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 52. LAMEA Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 53. LAMEA Smart Glove Market, by Country, 2020-2030 ($Million)
Table 54. Latin America Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 55. Latin America Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 56. Middle East Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 57. Middle East Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 58. Africa Smart Glove Market, by Usage, 2020-2030 ($Million)
Table 59. Africa Smart Glove Market, by Industry Vertical, 2020-2030 ($Million)
Table 60. Haptx: Company Snapshot
Table 61. Haptx: Operating Segments
Table 62. Haptx: Product Portfolio
Table 63. Haptx: Net Sales
Table 64. Haptx: Key Stratergies
Table 65. Flint Rehab: Company Snapshot
Table 66. Flint Rehab: Operating Segments
Table 67. Flint Rehab: Product Portfolio
Table 68. Flint Rehab: Net Sales
Table 69. Flint Rehab: Key Stratergies
Table 70. Neofect: Company Snapshot
Table 71. Neofect: Operating Segments
Table 72. Neofect: Product Portfolio
Table 73. Neofect: Net Sales
Table 74. Neofect: Key Stratergies
Table 75. Vandrico Solutions Inc. (Oxstren): Company Snapshot
Table 76. Vandrico Solutions Inc. (Oxstren): Operating Segments
Table 77. Vandrico Solutions Inc. (Oxstren): Product Portfolio
Table 78. Vandrico Solutions Inc. (Oxstren): Net Sales
Table 79. Vandrico Solutions Inc. (Oxstren): Key Stratergies
Table 80. Workaround GmbH (Proglove): Company Snapshot
Table 81. Workaround GmbH (Proglove): Operating Segments
Table 82. Workaround GmbH (Proglove): Product Portfolio
Table 83. Workaround GmbH (Proglove): Net Sales
Table 84. Workaround GmbH (Proglove): Key Stratergies
Table 85. Samsung Electronics Co. Ltd.: Company Snapshot
Table 86. Samsung Electronics Co. Ltd.: Operating Segments
Table 87. Samsung Electronics Co. Ltd.: Product Portfolio
Table 88. Samsung Electronics Co. Ltd.: Net Sales
Table 89. Samsung Electronics Co. Ltd.: Key Stratergies
Table 90. Shenzhen Seekas Technology Co. Ltd.: Company Snapshot
Table 91. Shenzhen Seekas Technology Co. Ltd.: Operating Segments
Table 92. Shenzhen Seekas Technology Co. Ltd.: Product Portfolio
Table 93. Shenzhen Seekas Technology Co. Ltd.: Net Sales
Table 94. Shenzhen Seekas Technology Co. Ltd.: Key Stratergies
Table 95. Saebo, Inc.: Company Snapshot
Table 96. Saebo, Inc.: Operating Segments
Table 97. Saebo, Inc.: Product Portfolio
Table 98. Saebo, Inc.: Net Sales
Table 99. Saebo, Inc.: Key Stratergies
Table 100. Blue Infusion Technologies: Company Snapshot
Table 101. Blue Infusion Technologies: Operating Segments
Table 102. Blue Infusion Technologies: Product Portfolio
Table 103. Blue Infusion Technologies: Net Sales
Table 104. Blue Infusion Technologies: Key Stratergies
Table 105. Dexta Robotics: Company Snapshot
Table 106. Dexta Robotics: Operating Segments
Table 107. Dexta Robotics: Product Portfolio
Table 108. Dexta Robotics: Net Sales
Table 109. Dexta Robotics: Key Stratergies
LIST OF FIGURES
Figure 1. Smart Glove Market Segmentation
Figure 2. Smart Glove Market, 2020-2030
Figure 3. Smart Glove Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Smart Glove Market:Drivers, Restraints and Opportunities
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Smart Glove Market, by Usage, 2020 (%)
Figure 15. Comparative Share Analysis of Fitness Tracker Smart Glove Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Specific Health Monitoring Device Smart Glove Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Media and Connected Device Smart Glove Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Others Smart Glove Market, 2020-2030 (%)
Figure 19. Smart Glove Market, by Industry Vertical, 2020 (%)
Figure 20. Comparative Share Analysis of Healthcare Smart Glove Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Industrial Smart Glove Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Fitness Smart Glove Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Others Smart Glove Market, 2020-2030 (%)
Figure 24. Smart Glove Market by Region, 2020
Figure 25. U.S. Smart Glove Market, 2020-2030 ($Million)
Figure 26. Canada Smart Glove Market, 2020-2030 ($Million)
Figure 27. Mexico Smart Glove Market, 2020-2030 ($Million)
Figure 28. United Kingdom Smart Glove Market, 2020-2030 ($Million)
Figure 29. Germany Smart Glove Market, 2020-2030 ($Million)
Figure 30. France Smart Glove Market, 2020-2030 ($Million)
Figure 31. Rest of Europe Smart Glove Market, 2020-2030 ($Million)
Figure 32. China Smart Glove Market, 2020-2030 ($Million)
Figure 33. Japan Smart Glove Market, 2020-2030 ($Million)
Figure 34. India Smart Glove Market, 2020-2030 ($Million)
Figure 35. Rest of Asia-Pacific Smart Glove Market, 2020-2030 ($Million)
Figure 36. Latin America Smart Glove Market, 2020-2030 ($Million)
Figure 37. Middle East Smart Glove Market, 2020-2030 ($Million)
Figure 38. Africa Smart Glove Market, 2020-2030 ($Million)
Figure 39. Top Winning Strategies, by Year
Figure 40. Top Winning Strategies, by Development
Figure 41. Top Winning Strategies, by Company
Figure 42. Product Mapping of Top 10 Players
Figure 43. Competitive Dashboard
Figure 44. Competitive Heatmap of Top 10 Key Players
Figure 45. Haptx.: Net Sales, ($Million)
Figure 46. Flint Rehab.: Net Sales, ($Million)
Figure 47. Neofect.: Net Sales, ($Million)
Figure 48. Vandrico Solutions Inc. (Oxstren).: Net Sales, ($Million)
Figure 49. Workaround GmbH (Proglove).: Net Sales, ($Million)
Figure 50. Samsung Electronics Co. Ltd. Net Sales, ($Million)
Figure 51. Shenzhen Seekas Technology Co. Ltd. Net Sales, ($Million)
Figure 52. Saebo, Inc. Net Sales, ($Million)
Figure 53. Blue Infusion Technologies.: Net Sales, ($Million)
Figure 54. Dexta Robotics.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Smart Glove Market,' the smart glove market was valued at $2.1 billion in 2020 and is estimated to reach $5.1 billion by 2030, growing at a CAGR of 9.6% from 2021 to 2030.

Smart gloves are electronic devices containing microcontrollers that are worn as an accessory on the hands. This design contains both, functional and decorative elements. These smart gadgets can be used as a fashion statement, a fitness tracker, a specialized health condition monitoring device, a media device, or can be linked to other smart devices. In addition, it is a next-generation technology having enormous growth potential with camera control, built-in speakers, network connectivity, and sensors.

The growth of the smart glove market is majorly driven by the advancement in research and technology associated with smart gloves coupled with the entry of smaller players. Furthermore, growth in the usage of wearable technologies is anticipated to drive market growth during the forecast period. However, high production costs act as a prime restraint of the market. On the contrary, a high growth rate in smaller market segments paired with rising flexibility in wearable technology is anticipated to provide lucrative opportunities for the expansion of the smart glove market size during the forecast period.

The outbreak of COVID-19 has significantly impacted the growth of the smart glove market, owing to a significant impact on prime market players. Conversely, the rise in demand for the cheapest PPE gloves and Internet of Things-based smart applications, such as augmented reality applications escalated the demand for smart glove solutions during the pandemic. However, the lack of availability of a professional workforce due to partial and complete lockdown implemented by governments restrained the growth of the smart glove market. On the contrary, the emerging economies significantly witness the need for a smart infrastructure solution that is expected to boost the smart glove market share post-pandemic.

The smart glove market is segmented by usage, industry vertical, and region. On the basis of usage, the market is divided into a fitness tracker, specific health issue monitoring devices, media & connected devices, and others. On the basis of industry vertical, the market is bifurcated into healthcare, industrial, fitness, and others. Region-wise, the market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the rest of Europe), Asia-Pacific (China, India, Japan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

According to smart glove market analysis, the specific health issue monitoring device segment was the highest contributor in 2020, due to a surge in the adoption of virtual reality and augmented reality applications. The healthcare and fitness segments collectively accounted for around 50.7% market share in 2020. The surge in adoption of next-generation virtual reality and Internet of Things solutions has led to the growth of smart glove solutions across the healthcare and fitness segment; thereby, enhancing the smart glove industry growth.

Country-wise, the U.S. holds a significant share in the global smart glove market, owing to the presence of prime players that are continuously putting resources into action to develop VR solutions. The adoption of next-generation smart wearable devices across prime sectors has strengthened the growth of the smart glove market in the region. Moreover, the surge in demand for fitness solutions is anticipated to drive the smart glove market growth.

Key findings of the Study

  • In 2020, the specific health issue monitoring device segment accounted for maximum revenue and is projected to grow at a notable CAGR of 9.2% during the forecast period.
  • The healthcare and fitness segments together accounted for around 50.7% of the smart glove market trends in 2020.
  • The fitness segment is projected to grow at a CAGR of 9.9% during the forecast period.
  • North America contributed for the major share in the smart glove market, accounting for more than 38.2% share in 2020.
The key players profiled in the report include HaptX, Flint Rehab, Maze Exclusive, NEOFECT, Vandrico Solutions Inc. (Oxstren), Workaround GmbH (ProGlove), Samsung Electronics Co. Ltd., Shenzhen Seekas Technology Co. Ltd., Saebo, Blue Infusion Technologies, and Dexta Robotics. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the smart glove market.

Companies Mentioned

  • HaptX
  • Flint Rehab
  • Neofect
  • Vandrico Solutions Inc. (Oxstren)
  • Workaround GmbH (ProGlove)
  • Samsung Electronics Co. Ltd.
  • Shenzhen Seekas Technology Co. Ltd.
  • saebo, inc.
  • Blue Infusion Technologies
  • Dexta Robotics

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages208
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 2.1 billion
Forecasted Market Value ( USD ) by 2030 $ 5.1 billion
Compound Annual Growth Rate9.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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