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AR and VR Smart Glass Trends and Forecast
The future of the global AR and VR smart glass market looks promising with opportunities in the education, gaming, industrial, and military markets. The global AR and VR smart glass market is expected to reach an estimated $22.8 billion by 2030 with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are growing adoption of AR/VR technology in the gaming industry, rising trend of industry 4.0, and decreasing prices of AR and VR smart glasses.
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AR and VR Smart Glass by Segment
The study includes a forecast for the global AR and VR smart glass by product, device type, application, and region.
AR and VR Smart Glass Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Mobile Phone Smart Glasses
• Integrated Smart Glasses
• External Smart Glasses
AR and VR Smart Glass Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:
• Binocular
• Monocular
AR and VR Smart Glass Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Education
• Gaming
• Industrial
• Military
• Others
AR and VR Smart Glass Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AR and VR Smart Glass Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AR and VR smart glass companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AR and VR smart glass companies profiled in this report include-
• Optinvent
• Kopin
• Epson
• Royole
• Vuzix
• Lumus
• Everysight
AR and VR Smart Glass Market Insights
Lucintel forecasts that external smart glass will remain the largest segment over the forecast period due to the increased use of gaming as well as applications.
Within this market, gaming will remain the largest segment due to rising number of gamers who use technology of AR and VR smart glasses to determine safety and security, in order to enhance operational efficiency.
APAC is expected to witness highest growth over the forecast period due to the growing use of smart glasses in industries like manufacturing and industry sectors.
Features of the Global AR and VR Smart Glass Market
Market Size Estimates: Ar and vr smart glass market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ar and vr smart glass market size by product, device type, application, and region in terms of value ($B).
Regional Analysis: Ar and vr smart glass market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, device types, applications, and regions for the AR and VR smart glass market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AR and VR smart glass market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the AR and VR smart glass market size?
Answer: The global AR and VR smart glass market is expected to reach an estimated $22.8 billion by 2030.
Q2. What is the growth forecast for AR and VR smart glass market?
Answer: The global AR and VR smart glass market is expected to grow with a CAGR of 15.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the AR and VR smart glass market?
Answer: The major drivers for this market are growing adoption of AR/VR technology in the gaming industry, rising trend of industry 4.0, and decreasing prices of AR and VR smart glasses.
Q4. What are the major segments for AR and VR smart glass market?
Answer: The future of the AR and VR smart glass market looks promising with opportunities in the education, gaming, industrial, and military markets.
Q5. Who are the key AR and VR smart glass market companies?
Answer: Some of the key AR and VR smart glass companies are as follows:
• Optinvent
• Kopin
• Epson
• Royole
• Vuzix
• Lumus
• Everysight
Q6. Which AR and VR smart glass market segment will be the largest in future?
Answer: Lucintel forecasts that external smart glass will remain the largest segment over the forecast period due to the increased use of gaming as well as applications.
Q7. In AR and VR smart glass market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the growing use of smart glasses in industries like manufacturing and industry sectors.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AR and VR smart glass market by product (mobile phone smart glasses, integrated smart glasses, and external smart glasses), device type (binocular and monocular), application (education, gaming, industrial, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Ar And Vr Smart Glass Market, Ar And Vr Smart Glass Market Size, Ar And Vr Smart Glass Market Growth, Ar And Vr Smart Glass Market Analysis, Ar And Vr Smart Glass Market Report, Ar And Vr Smart Glass Market Share, Ar And Vr Smart Glass Market Trends, Ar And Vr Smart Glass Market Forecast, Ar And Vr Smart Glass Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global AR and VR Smart Glass Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global AR and VR Smart Glass Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global AR and VR Smart Glass Market by Product
3.3.1: Mobile Phone Smart Glasses
3.3.2: Integrated Smart Glasses
3.3.3: External Smart Glasses
3.4: Global AR and VR Smart Glass Market by Device Type
3.4.1: Binocular
3.4.2: Monocular
3.5: Global AR and VR Smart Glass Market by Application
3.5.1: Education
3.5.2: Gaming
3.5.3: Industrial
3.5.4: Military
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global AR and VR Smart Glass Market by Region
4.2: North American AR and VR Smart Glass Market
4.2.2: North American AR and VR Smart Glass Market by Application: Education, Gaming, Industrial, Military, and Others
4.3: European AR and VR Smart Glass Market
4.3.1: European AR and VR Smart Glass Market by Product: Mobile Phone Smart Glasses, Integrated Smart Glasses, and External Smart Glasses
4.3.2: European AR and VR Smart Glass Market by Application: Education, Gaming, Industrial, Military, and Others
4.4: APAC AR and VR Smart Glass Market
4.4.1: APAC AR and VR Smart Glass Market by Product: Mobile Phone Smart Glasses, Integrated Smart Glasses, and External Smart Glasses
4.4.2: APAC AR and VR Smart Glass Market by Application: Education, Gaming, Industrial, Military, and Others
4.5: ROW AR and VR Smart Glass Market
4.5.1: ROW AR and VR Smart Glass Market by Product: Mobile Phone Smart Glasses, Integrated Smart Glasses, and External Smart Glasses
4.5.2: ROW AR and VR Smart Glass Market by Application: Education, Gaming, Industrial, Military, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global AR and VR Smart Glass Market by Product
6.1.2: Growth Opportunities for the Global AR and VR Smart Glass Market by Device Type
6.1.3: Growth Opportunities for the Global AR and VR Smart Glass Market by Application
6.1.4: Growth Opportunities for the Global AR and VR Smart Glass Market by Region
6.2: Emerging Trends in the Global AR and VR Smart Glass Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global AR and VR Smart Glass Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global AR and VR Smart Glass Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Optinvent
7.2: Kopin
7.3: Epson
7.4: Royole
7.5: Vuzix
7.6: Lumus
7.7: Everysight
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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