AR and VR Smart Glasses Market Is Set for a Rapid Growth and Expected to Reach at High Pace with CAGR of 13% by 2023

 

This report has published stating that the global AR and VR Smart Glasses Market is anticipated to expand significantly at a CAGR of 13% during the forecast period. This research report also combines industry-wide statistically relevant quantitative data and relevant and insightful qualitative analysis. The report offers an in-depth analysis of the market following the coronavirus disease outbreak. This report provides a historical synopsis of the AR and VR Smart Glasses market trends, growth, revenue, capacity, cost structure, and key driver’s analysis.

Emerging conceptualization in almost all the entertainment-related aspects is touted to be an attractive opportunity for the AR and VR smart glasses industry. The impact analysis on covid-19 by MRFR suggests that augmented reality (AR) and virtual reality (VR) solutions can significantly contribute while bracing for the impact of the pandemic, in addition to addressing the emerging challenges. Furthermore, video gaming has emerged as the fastest-expanding entertainment industry in the region, which is another reason for the high demand for AR and VR smart glasses. 

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Notable Vendors:                                                                 

Google Inc. (U.S.), Avegant (U.S.), Atheer (U.S.), Oculus VR (U.S.), Seiko Epson Corporation (Japan), Optinvent (France), MicroOLED (France), Osterhout Design Group (U.S.), Samsung Group (South Korea), Royole Corporation (U.S.), Razer Inc. (U.S.), Sony Corporation (Japan), Ricoh (Japan), Microsoft Corporation (U.S.), Kopin Corporation (U.S.), HTC Corporation (Taiwan), Vuzix (U.S.), Jenax (South Korea), Imprint Energy, Inc. (U.S.), FlexEl, LLC. (U.S.), are the notable vendors in the AR and VR smart glasses market.

Market Segmentation:

The AR and VR smart glasses industry has been considered for device type, product, and application.

Segmentation by device types:

·         Binocular

·         Monocular

 

Segmentation by products:

·         integrated smart glasses

·         external smart glasses

·         mobile phone smart glasses

 

Segmentation by application:

·         Education

·         Industrial

·         Gaming

·         Commercial

·         Military

 

Regional Study:

The regional study of the AR and VR smart glasses comprises APAC or Asia Pacific, North America, Europe, and RoW and Rest of the World. The escalating demand for VR and AR in architecture could be a lucrative opportunity, ensuring North America’s dominance in the global market during the appraisal period.

 

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