LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global smart glasses market since 2016, and the market is poised to grow by USD 8.07 billion during 2019-2023, progressing at a CAGR of over 167% during the forecast period. Request Free Sample Pages
Read the 143-page research report with TOC on "Smart Glasses Market Analysis Report by product (developer and commercial), by end-users (enterprise and individual customer), OS (Android, Windows, and others), by geography (Americas, APAC, and EMEA), and segment forecasts, 2019 - 2023".
The market is driven by the growth of AR gaming. Also, the emergence of SLAM technology is anticipated to boost the growth of the smart glasses market.
The rising awareness about AR gaming is driving the demand for AR devices such as smart glasses. Various companies such as Sony, Microsoft, and Vuzix are developing smart glasses using cutting-edge 3D technologies for the gaming sector. Such developments are improving individual customer interest and increasing the adoption of AR gaming. Thus, the growing adoption of AR gaming by individuals is expected to drive market growth during the forecast period.
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Major Five Smart Glasses Market Companies:
Kopin Corp. owns and operates businesses under segments named industrial and Kopin. The company offers SOLOS smart glasses. These smart glasses are designed and developed for cyclists, runners, and triathletes.
Microsoft Corp. manufactures and offers products through several business units: productivity and business processes, intelligent cloud, and more personal computing. The company provides HoloLens2 and immersive mixed reality smart glasses.
Optinvent offers ORA-2 smart glasses. This product is the upgraded version of ORA-1 smart glasses. ORA-2 smart glasses enable hands-free mobile computing and AR applications such as remote maintenance and remote training.
Seiko Epson Corp.
Seiko Epson Corp. owns and operates businesses under various segments such as printing solutions, visual communications, and wearable and industrial products. The company offers Moverio BT-300FPV smart glasses.
Vuzix Corp. offers Vuzix M100 smart glasses. They are Android-based wearables that have a monocular display and an onboard processor. They are designed for a wide variety of enterprise applications.
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Smart Glasses End-users Outlook (Revenue, USD Million, 2019 - 2023)
- Individual customer
Smart Glasses Regional Outlook (Revenue, USD Million, 2019 - 2023)
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