Augmented Reality Smart Glasses Market Scope
Augmented reality smart glasses are also known as wearable augmented reality devices and this is an emerging new wearable technology that integrates virtual information in a user’s view-field. Smart glasses can analyze and ‘understand’ a user’s physical environment by Using various sensors, including GPS, microphones, and cameras. Moreover, Mobile internet technologies can then provide additional virtual information and integrate them into a user’s perception of the real world, this is the major driver for the growth of the global augmented reality smart glasses market.
The Augmented Reality Smart Glasses market study is segmented by Type (Monocular Augmented Reality Smart Glasses, Binocular Augmented Reality Smart Glasses, Audio Augmented Reality Glasses, Immersive or Mixed Augmented Reality Smart Glasses and Others), by Application (Documentation, Productivity, Universal Remote Control, Medical, Education, Entertainment, Commerce and Sports) and major geographies with country level break-up.
The Players having a strong hold in the market are Google, Microsoft, Sony, and Samsung Electronics. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Augmented Reality Smart Glasses market throughout the predicted period.
Google (United States), Microsoft (United States), Sony (Japan), Samsung Electronics (South Korea), Epson (Japan), Qualcomm Technologies, Inc. (United States), CastAR (United States), Lumus (Israel), Six15 Technologies (United States) and Vuzix (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Wikitude (Austria), DAQRI (United States), Zugara (United States), Blippar (Uited Kingdom), Magic Leap (United States), Osterhout Design Group (United States) and Upskill (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Augmented Reality Smart Glasses market by Type, Application and Region.
On the basis of geography, the market of Augmented Reality 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).
On 8th October 2019, Vuzix Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products has announced the availability of the Zoi Meet real-time transcription app on the Vuzix Blade Smart Glasses, enabling users to receive instant transcription of everything that is being said in one of the 12 languages offered.
Market Trend
- Growing Demand for Augmented Reality HMDs and Gesture Control
Market Drivers
- Increased utilization of smart glass technology & computer software to meet the needs of disabling populations with cognitive impairments. For e.g. different researchers are working on projects that seek to aid autists with tasks that are notoriously difficult for them such as recognizing emotions from facial expressions.
Opportunities
- Increasing Smart Glass Technology is advancing in Hands-on Industries
- Rising Demand to Portray Digital Information Using Augmented Reality Smart Glasses in Architecture
Restraints
- High-Cost Associated with Augmented Reality Smart Glasses
Challenges
- Overcoming Social Challenges to Increase the Adoption Rate
Key Target Audience
Augmented Reality Smart Glasses Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other