What is AR Smart Glasses Market Scope?
Over the last two decades, AR technology has been employed to allow users to see the actual world while projecting digital information onto it. AR smart glasses are based on HUD (Heads-up Display) technology. AR (Augmented Reality) Smart Glasses are wearable Electronic Augmented Reality (AR) devices that are worn in front of the eyes like regular glasses that combine virtual and real worlds.The technology has progressed quickly, and today's AR smart glasses use AI and IoT technologies, as well as picture restructuring technology. For example, the National Center for Biotechnology Information (NCBI) stated in November 2018 that augmented reality is the future of surgery, citing the usage of AR Smart glasses for hands-free neurosurgical navigation as an example.
The AR Smart Glasses market study is being classified by Type (MONOCULAR, BINOCULAR and Others (AUDIO AR GLASSES)), by Application (Enterprise, Retail, Healthcare, Media and entertainment, Education and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergy. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global AR Smart Glasses market throughout the predicted period.
Samsung Electronics (South Korea), Google (United States), Microsoft (United States), Sony (Japan), Epson (Japan), Qualcomm Technologies, Inc. (United States), Wikitude (Austria), DAQRI (United States), CastAR (United States) and Six15 Technologies (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Upskill (United States), Zugara (United States), Blippar (Uited Kingdom), Magic Leap (United States) and Osterhout Design Group (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global AR Smart Glasses market by Type, Application and Region.
On the basis of geography, the market of AR Smart Glasses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In September 2019 An Article Published By Consumer News And Business Channel (CNBC) Facebook Has Partnered With Luxottica For Developing Augmented Reality Ray-Ban Glasses The Code-Named As “Orion”. The Glasses Will Replace By This Orion Codenamed Which Replace Smartphones And According To the Company Information Glasses Will Be Ready To Use for Consumer between 2023 And 2025.
For Instance, January 2020 BOSCH Sensor Tec Debuted New World’s First the Light Drive System for Smart Glasses. It Overcomes The Issue Related To Present Smart Glass Such As, Battery Life, And Issues Of Masses With Its Light Drive System. This AR Smart Glass Claims to Be World’s First All Day Transparency Smart Glasses Solution with the Lightest on the Market under 10 Gram, Capable of Offering High Quality of Images, and It Is All in One Technology Stacks.
Influencing Market Trend
- The Trend for Advance Technologies Including IoT, AI and Others Has Increased
Market Drivers
- Increasing Demand from the Sectors Such As Sports, Film Industries (3D), Education And So On Has Boosted the Demand for the AR Smart Glasses in the Market
- Rapid Growth in AR Technology
Opportunities
- The Use of Augmented Reality Technology Is Opening Up New Opportunities in the Healthcare Industry
- Lively AR Applications for Smartphones and Tablets Are Increasing Awareness and Acceptance of the Technology among Users
Restraints
- Adverse Effect of Smart Glasses on the Eye and the Body
- Expensive Price of AR Smart Glasses
- Issues Related To Battery Life
Challenges
- Availability of Substitute with Technical Advancement of AR Smart Glasses
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.