The global smart glasses market should reach about $20.0 billion by 2022 from $340.4 million in 2017 at a compound annual growth rate (CAGR) of 125.8%, from 2017 to 2022.
Albany, NY -- (SBWIRE) -- 02/15/2018 -- The global smart glasses for augmented reality technologies market is projected to grow at a staggering CAGR of over 125% during the period 2017-2022. Advancement in technology and broader advances in augmented reality are likely to provide an impetus to market growth during the assessment period. These insights are according to "Smart Glasses for Augmented Reality Technologies: Global Markets to 2022" that has been added to the vast database of Market Research Hub (MRH).
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According to the report, a combination of broad and specific factors will drive market growth during the assessment period 2017-2022. 'Bring your own wearable' is steadily gaining traction in organizations, and further growth is expected during the forecast period. Use of augmented reality in media and entertainment is also growing, and widespread adoption can provide a plethora of opportunities to smart glass manufacturers. Although the outlook on the market is overly positive, high cost can lead to slight weakness in overall sales. However, on account of demand from a range of end-use industries, the smart glasses for augmented reality market is likely to witness robust growth. The report offers in-depth information on the key drivers, restraints, opportunities, and threats that are likely to impact the market during the assessment period. A detailed value chain analysis, along with marketing and sales strategies of the leading players has also been included in the report.
The report has segmented the global smart glasses for augmented reality market on the basis of form factor into monocular smart glasses and binocular smart glasses. Of these two, monocular smart glasses are likely to remain sought-after among end-users as these increase employee efficiency, especially in the logistics sector. By operating system, the report offers market forecast and analysis on Android, Windows, and 'Others'. Among these, smart glasses that are based on Android account for a leading share of the market. By display technology, the key segments include wave-guide based display technique, polarized waveguide, diffractive waveguide, reflective waveguide, and holographic waveguide. The leading application systems profiled in the report is broadly categorized into consumer electronics. According to the report, privacy concerns are impeding widespread adoption in consumer electronics landscape, whereas lack of fashion quotient is another key factor that is restraining adoption, especially among millennials.
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The report has analyzed the market in key regions of North America, Europe, Asia Pacific, and Rest of the World (RoW). A detailed analysis of the competitive landscape has been offered to readers. Some of the players profiled in the report include Atheer, Inc., Alphabet Inc., Daqri LLC, Seiko Epson Corp., Meta Company, Microsoft Corp., Sony Corp., Osterhaut Design Group Inc., Glassup Srl, Vuzix Corp., Kopin Corp., Magic Leap, Inc., and Recon Instruments, Inc., and Optinvent S.A.
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