Market Research Future (MRFR), studied the impact of novel coronavirus outbreak on the AR and VR world smart glasses market 2020 is discussed in detail. The world market of AR and VR world smart glasses is expected to rise at 13% CAGR across the evaluation period 2017-2023, reveals MRFR study. And MRFR analysis reveals that the AR and VR world smart glasses market value is likely to rise at USD 31 Billon across the evaluation period. There are different factors that are observed to influence the market severely. Detailed analysis of the impact of SARS-CoV-2 pandemic on the market is mentioned in vividly in the report. The AR and VR smart glasses market can rise at a high pace in the analysis period.
The growing adoption of cloud based technologies is expected to underpin the expansion of the AR and VR smart glasses market across the assessment period. The emergence of next generation giant computing platforms can bolster the rise of the AR and VR world smart glasses market in the near future. The high demand for AR and VR smart glasses in the field of healthcare, and manufacturing, along with IT & telecommunications can fuel the rise of the AR and VR smart glasses global market in years to come.
Market Segmentation
As per MRFR segment study, the AR and VR smart glasses global market is studied by product, application, and device type.
The application segments are military, gaming, industrial, education, and commercial. The commercial segment can gain high traction and generate highest revenue in the years for the market in the years to come. The expansion of the AR and VR smart glasses market can be largely contributed to the growing demand for augmented and virtual reality applications across the booming e-commerce sector.
The product based sector of the AR and VR smart glasses reality market are Integrated Smartglasses, Mobile Phone Smartglasses, and PC Eternal Smartglasses. The wide range of application of Integrated AR and VR Smart glasses can support the rise of the market through the analysis period.
The type based, AR and VR smart glasses reality market segments are Binocular and Monocular. The increase in utility of binocular smart glasses due to their high efficacy can improve the expansion of the market in the years to come.
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Key Players
Jenax (South Korea), Microsoft Corporation (U.S.), Seiko Epson Corporation (Japan), Samsung Group (South Korea), Royole Corporation (U.S.), Osterhout Design Group (U.S.), Optinvent (France), Ricoh (Japan), Kopin Corporation (U.S.), MicroOLED (France), FlexEl, LLC. (U.S.), Imprint Energy, Inc. (U.S.), Sony Corporation (Japan), Razer Inc. (U.S.), HTC Corporation (Taiwan), Avegant (U.S.), Oculus VR (U.S.), Vuzix (U.S.), Google Inc. (U.S.), and Atheer (U.S.)
Regional Study
The AR and VR smart glasses market in the North America region, the rise of the market can be attributed to the increase in the utility of AR and VR smart glasses solution in the booming gaming sector. The high investment made for advancements in AV and VR technologies can impel the expansion of the regional market across the study period. In Europe, the high rate of adoption of AR and VR smart glasses market the flourishing entertainment sector can impel the rise of the regional market.
In addition, the expansion of EU AR and VR smart glasses market can also be credited to the rise in its adoption by the retail sector. In APAC, the booming e-commerce business can contribute largely to the expansion of the market across the assessment period. Rapid technological advancements and high need for augmented reality development platforms in different industries can promote the expansion of the regional market in years to come.
TABLE OF CONTENTS:
- MARKET INTRODUCTION
- RESEARCH METHODOLOGY
- MARKET DYNAMICS
- EXECUTIVE SUMMARY
- MARKET FACTOR ANALYSIS
- LINEAR MOTORS MARKET, BY SEGMENTS
- COMPETITIVE ANALYSIS
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Various factors are propelling the global AR and VR smart glasses market share.
According to the recent MRFR report, such factors include growing demand for augmented reality devices in medical training and education, inpatient care management, and the growing interest of top tech giants.
Key PlayersKey contenders in the global AR and VR smart glasses market report include the Atheer (U.S.), Jenax (South Korea), Vuzix (U.S.), Oculus VR (U.S.), Google Inc. (U.S.), Avegant (U.S.), Razer Inc. (U.S.), HTC Corporation (Taiwan), Sony Corporation (Japan), FlexEl, LLC.
(U.S.), Imprint Energy, Inc. (U.S.), Kopin Corporation (U.S.), Ricoh (Japan), MicroOLED (France), Optinvent (France), Royole Corporation (U.S.), Samsung Group (South Korea), Osterhout Design Group (U.S.), Microsoft Corporation (U.S.), and Seiko Epson Corporation (Japan).
AR and VR Smart Glasses Market@ https://www.openpr.com/news/2207700/ar-and-vr-smart-glasses-market-expected-to-reach-at-high-pace Market SegmentationThe MRFR report highlights an inclusive segmental analysis of the global AR and VR smart glasses market based on application, product, and device type.
Of these, the external smart glasses segment will lead the market over the forecast period for its growing use in gaming as well as other applications and growing use of cloud-based technologies.
Market HighlightsThe global AR and VR smart glasses market is projected to witness a rapid growth during the forecast period.
Increasing emergence of cloud-based technologies is a major factor driving the growth of the market.
Moreover, increasing demand for AR and VR smart glasses across various industry verticals such as BFSI, healthcare, manufacturing, retail and IT & telecommunications is fueling the growth of the global market.The global AR and VR Smart Glasses Market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.
U.S and Canada are anticipated to drive the growth of the North American AR and VR smart glasses market owing to the presence of a large number of established key players such as Microsoft Corporation, Osterhout Design Group, Royole Corporation, Kopin Corporation, Imprint Energy, Inc., FlexEl, LLC, Razer Inc., Avegant, Google Inc., Oculus VR, Vuzix and Atheer in this region.
Due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of mobile applications in the region, the market is likely to show immense growth in the coming future.
Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity.
Market ScopeMarket Research Future (MRFR) reveals in its new research study that the AR and VR smart glasses market 2020 can procure an approximate growth rate of 13% between 2020 and 2027 (appraisal period).
While the countries are rushing to achieve a covid-19 breakthrough, this demand is only going to increase, boosting the growth prospects of the AR and VR smart glasses.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4837Top Boosters and Main DeterrentsIn May 2020, Vuzix Corporation, a well-known supplier of AR smart glasses, received approval for its orthopedic navigation system called Knee+ for complete knee arthroplasty.
Knee+ makes use of M400 smart glasses to accurately track the implants and instruments during surgeries.
This convergence between the technologies helps provide a highly immersive and interactive user experience.Emerging conceptualization in almost all the entertainment-related aspects is touted to be an attractive opportunity for the AR and VR smart glasses industry.
For instance, Magic Leap, an AR company has built a technology known as Dynamic Digitized Lightfield Signal, which shines on the user’s retina, allowing interaction between the real world and the fictional characters.
The mounting demand for AR devices in medical training and education, inpatient care management, along with the rising focus of tech giants in AR and VR leading to higher investments, benefit the global market.
