Market Highlights
The global AR and VR smart glasses market is projected to witness a rapid growth during the forecast period. Increasing emergence of cloud-based technologies is a major factor driving the growth of the market. AR and VR are considered to be the next big computing platforms. Moreover, increasing demand for AR and VR smart glasses across various industry verticals such as BFSI, healthcare, manufacturing, retail and IT & telecommunications is fueling the growth of the global market.
The global AR and VR Smart Glasses Market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the AR and VR smart glasses market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the North American AR and VR smart glasses market owing to the presence of a large number of established key players such as Microsoft Corporation, Osterhout Design Group, Royole Corporation, Kopin Corporation, Imprint Energy, Inc., FlexEl, LLC, Razer Inc., Avegant, Google Inc., Oculus VR, Vuzix and Atheer in this region. Due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of mobile applications in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Increasing need for innovations and advancements in the technology are other major factors responsible for the growth of the global AR and VR smart glasses market.
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In the global AR and VR smart glasses market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the increasing investments in the augmented reality and virtual reality market across different countries in the region.
The global AR and VR smart glasses market is projected to reach USD 31 billion at a CAGR of over 13% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “AR and VR Smart glasses Market Research Report-Forecast to 2023”.
Segmental Analysis
The global AR and VR smart glasses market is segmented by device type, product, and application. Based on the device type, the market is segmented into binocular and monocular. Based on the product, the market is segmented into mobile phone smart glasses, integrated smart glasses, and external smart glasses. Whereas, based on the application, the market is segmented into gaming, education, military, industrial, and commercial.
Key Players
Some of the prominent players in the global AR and VR smart glasses market are Seiko Epson Corporation (Japan), Microsoft Corporation (U.S.), Osterhout Design Group (U.S.), Samsung Group (South Korea), Royole Corporation (U.S.), Optinvent (France), MicroOLED (France), Ricoh (Japan), Kopin Corporation (U.S.), Imprint Energy, Inc. (U.S.), FlexEl, LLC. (U.S.), Sony Corporation (Japan), HTC Corporation (Taiwan), Razer Inc. (U.S.), Avegant (U.S.), Google Inc. (U.S.), Oculus VR (U.S.), Vuzix (U.S.), Jenax (South Korea), and Atheer (U.S.).
Detailed Regional Analysis
The global AR and VR smart glasses market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Europe is projected to grow at the fastest rate during the forecast period. The North American market growth is attributed to technological advancements and increased adoption of cloud-based technologies across various industry verticals.
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Intended Audience
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- Retailers
- Hospitality Sector
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These technologies are compatible with devices such as smart glasses, head-up displays, head mounted displays and hand held devices among others.Modern day head mounted displays utilize technologies such as optical wave guides, liquid crystal displays, digital micro mirrors, and organic light emitting diodes for micro displays.
These devices are equipped with GPS tracking systems, activity tracking systems, connectivity solutions such as Bluetooth, WI-Fi, and mobile operating systems.
Some of the advanced smart glasses have the ability to communicate by voice commands, while others support touch buttons, external controllers and gesture controls, as well as are capable enough to run dedicated mobile apps.Read Report Overview: https://bisresearch.com/industry-report/global-augmented-virtual-reality-market-report-forecast.htmlAmong the device type of VR, Head Mounted Display (HMD) holds the highest share of the market in 2016.
Head mounted display in virtual reality is somewhat different from HMDs used in augmented reality as these devices completely blocks the interaction from the real world while allowing users to interact with the virtual environment or computer simulated reality.
It is used in fully immersive virtual reality purposes.The commercial sector is utilizing AR technology on a wider level especially when it comes to hand held devices platform.
AR applications are being used by retail companies to provide detailed information of the product on its packaging using smart-phones or tablet computers.
Various factors are propelling the global AR and VR smart glasses market share.
According to the recent MRFR report, such factors include growing demand for augmented reality devices in medical training and education, inpatient care management, and the growing interest of top tech giants.
Key PlayersKey contenders in the global AR and VR smart glasses market report include the Atheer (U.S.), Jenax (South Korea), Vuzix (U.S.), Oculus VR (U.S.), Google Inc. (U.S.), Avegant (U.S.), Razer Inc. (U.S.), HTC Corporation (Taiwan), Sony Corporation (Japan), FlexEl, LLC.
(U.S.), Imprint Energy, Inc. (U.S.), Kopin Corporation (U.S.), Ricoh (Japan), MicroOLED (France), Optinvent (France), Royole Corporation (U.S.), Samsung Group (South Korea), Osterhout Design Group (U.S.), Microsoft Corporation (U.S.), and Seiko Epson Corporation (Japan).
AR and VR Smart Glasses Market@ https://www.openpr.com/news/2207700/ar-and-vr-smart-glasses-market-expected-to-reach-at-high-pace Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global AR and VR smart glasses market based on application, product, and device type.
Of these, the external smart glasses segment will lead the market over the forecast period for its growing use in gaming as well as other applications and growing use of cloud-based technologies.
