Global Virtual Reality Glove Market 2016-2020

Overview of the VR glove market

The VR glove market is anticipated to grow rapidly and will post a CAGR of more than 82% during the forecast period. The increasing preference for enhanced consumer experience will drive the growth prospects for the VR glove market during the forecast period. The use of VR gloves offers a large number of benefits for the users. One of the major factors that fuel the growth prospects for the market is the portability feature of the virtual reality gloves and the incredible experience it offers such as the controlled VR environment from any place. Another factor that drives the market’s growth is the hands-on experience it provides the users in the virtual world, which becomes the closest thing available for real-life simulation. Also, the users get to experience themes like nature, the universe, different countries, and underwater flora without spending a lot of money. Furthermore, these gloves are extensively used in medical institutions and the military and aviation sectors to allow students and trainees to learn more by experiencing virtual objects. Moreover, since the VR gloves are considered to be one of the latest and most innovative technology, they are increasingly gaining traction in the market. Also, with the increasing consumer awareness of the product, the demand for virtual reality gloves is growing in the market.

The growing emergence of smartphone-integrated VR headsets will propel the growth prospects for the market in the coming years. Since headsets can be used as stand-alone devices, they offer benefits such as the portability, untethered characteristic, and ease of use. Also, the increasing growth of the global smartphone market will increase the adoption of smartphones and tablets to bring about an immersive experience in VR gaming.

Competitive landscape and key vendors