AR and VR Smart Glasses Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

AR and VR Smart Glasses Market
Global AR and VR Smart Glasses Market: by Device Type (Binocular, Monocular), Product (Mobile phone smart glasses, Integrated Smart glasses, External Smart glasses), Application (Education, Gaming, Industrial, Military) –Forecast to 2023

AR and VR Smart Glasses Market Overview:

Globally, the AR and VR Smart Glasses market is presumed to have a significant growth over the forecast period. The major driving factors for the growth of AR and VR Smart Glasses include due to rising demand for mobile applications, emergence of cloud-based technologies and growing popularity of e-commerce and online shopping.

On the other hand, lack of technical expertise for developing deep learning and neural networks and huge data set are expected to hinder the growth of the AR and VR Smart Glasses Market over the forecast period. However, the increasing investments from advanced economies are is expected to be a better prospects for the growth of augmented reality and virtual reality market across different countries in the region.

Major Key Players:

Some of the major players in Global AR and VR Smart Glasses Market include 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.) among others, are profiled in MRFR Analysis and are at the forefront of competition in the global AR and VR Smart Glasses market.

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Industry News:

January 2018, Kopin Corporation SOLOS, one of the business unit of Kopin Corporation, and one of the leading market player of smart glasses has revealed a new generation of SOLOS® Smart Glasses. The advanced product has been developed on the original features for cyclists by to improve the support for runners. SOLOS also facilitates with the most advanced Pupil™ display optics, which offers a  greater experience with heads-up feature with a larger eye box, offering athletes to access  the real-time data. The smart glasses are also acquainted with new audio features including listening to music, phone calls, voice control, and group chat communication.

April 2017, Osterhout Design Group, (ODG) one of the leading smartglasses and extended reality technology provider had launched new augmented reality smartglasses that are compatible and certified for hazardous locations. The product named R-7HL, had been developed to fulfil the increasing need of customers who work in adverse and extreme conditions.

October 2017, Epson is one of the leading company which focussed on connecting people, things and information with their original efficient, compact and precision technologies had declared their product Epson Moverio BT-300 smartglasses has been implemented at London’s National Theatre. Moverio BT-300 has been developed with silicon-based OLED (organic light emitting diode) digital display technology, which facilitates transparent mobile augmented reality (AR) experiences for consumers, government and business.

AR and VR Smart Glasses Market Segmentation:

Segmentation by Product: Mobile Phone Smart Glasses, Integrated Smart Glasses, and External Smart Glasses.

Segmentation by Device Type: Binocular & Monocular.

Segmentation by Application: Gaming, Education, Military, Industrial, &Commercial.

Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World

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AR and VR Smart Glasses Market Regional Analysis:

Geographically, the AR and VR Smart Glasses market are categorized into four regions namely North America, Europe, Asia Pacific, and Rest of the World. sNorth America is expected to dominate the global AR and VR Smart Glasses market with the largest market share in the region. The U.S and Canada are the leading countries are leading countries in the region. The market growth is due to large number of companies increasing the research and development expenditure to enhance computing technologies.

Asia Pacific is considered to be the fastest growing region in the AR and VR Smart Glasses market. China, Taiwan, South Korea, Japan, India are presumed as manufacturing hub for semiconductor and electronics sector owing to inexpensive labour cost and components for development of the smart glasses.

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