Augmented Reality Glasses Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


Future Market Insights

$ 5000

The increased adoption of virtual reality and augmented reality across various application led to increase the demand for augmented reality in variety devices. Its recent implementation is observed in glasses with the introduction of augmented reality glasses. Augmented reality glasses enables information about the user’s environment displayed in front of his/her eyes on his/her glasses. In addition to this, augmented reality glasses effectively superimposes the virtual objects on to the real world. Smart augmented reality glasses enables efficient interactions with holographic objects, as well, because of the presence of sensors and position trackers. Innovations in augmented reality glasses has led to the introduction of mixed reality glasses comprising of enhanced functions.

Augmented reality glasses are still in its development stage as new innovations and implementations are done on the same with the advancements in technology and availability of resources. In spite of this, augmented reality glasses have found its applications in industries such as healthcare, military, retail, real estate etc. 

Augmented Reality Glasses Market: Drivers and Restraints

The primary driver for augmented reality glasses is the increasing adoption and implementation of augmented reality and virtual reality causing transition towards digitalization. Additionally, increasing adoption of smart phones & tablets and increasing penetration of internet also drives the market of augmented reality glasses. The decline in the average price of augmented reality glasses is also a factor contributing towards the growth of augmented reality glasses. Factors such as rising demand in healthcare & military, location based search and gaming applications, furthermore, drive the augmented reality market.

As augmented reality glasses are still in its development stage, henceforth, the major factor restraining the growth of augmented reality glasses market is its lack of awareness. In addition to this, augmented reality glass’s high cost, in spite of the decline in prices, also impedes its growth and adoption rate.

Global Augmented Reality Glasses Market: Market Segmentation

Global Augmented Reality Glasses Market can be divided into the following segment: by applications

Segmentation on basis of Applications for Augmented Reality Glasses Market:

The major segments of Augmented Reality Glasses market on basis of applications include:

  • Industrial
  • Heath care
  • Military
  • Retail
  • Media, Games and Entertainment
  • Sports
  • Others

Global Augmented Reality Glasses Market Technology Trends

The recent trend governing the growth of augmented reality glasses market is its transition into mixed reality glasses with new technological implementations such as position tracking and presence of depth sensors.

Global Augmented Reality Glasses Market Regional Overview

North America is the most dominant region in the global augmented reality glasses market. North America is followed by Europe as there is an increase observed in awareness amongst users, about augmented reality glasses.

APAC is expected to grow at the fastest rate with the penetration of internet, increased awareness and increasing adoption of smart phones and tablets.

Global Augmented Reality Glasses Competitive Landscape

In February 2017, Toshiba Corporation partnered with Vuzix Corporatin. The partnership aimed at the development of a smart augmented reality glasses, enabling augmented reality to its users. 

Some of the major global augmented reality glasses market players include Microsoft Corporation, Google, SEIKO EPSON CORP., Laster Technologies, Penny, Sony Mobile Communications Inc., Recon Instruments, LUMUS.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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