AR and VR Smart Glasses Market Price, Size, Top Companies, Demand 2023-2028

The latest research study by IMARC Group, "AR and VR Smart Glasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" offers a comprehensive analysis of the industry, which comprises insights on global AR and VR smart glasses price. The market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.5% during 2023-2028.

AR (augmented reality) and VR (virtual reality) glasses represent smart glasses that bridge the gap between the physical and digital world. They enable wearers to record still videos, images, and audio remotely, share their point of view in real-time, access information hands-free, exchange data, etc. AR smart glasses assist users with everyday tasks and allow them to express themselves more effectively. On the other hand, VR glasses provide an immersive virtual experience. In line with this, they allow individuals to analyze information relevant to their surroundings. Consequently, AR and VR smart glasses can enhance and even replace existing technology solutions within enterprise supply chains, thereby improving workplace efficiency, productivity, compliance, etc.

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AR and VR Smart Glasses Market Trends and Drivers:

Numerous advancements in Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) are primarily driving the AR and VR smart glasses market. Additionally, the escalating demand for augmented and virtual reality games and the growing number of gamers are further catalyzing the market growth. Besides this, the widespread adoption of AR and VR technology in several industries, including healthcare, military and defense, e-commerce, education, etc., is acting as another significant growth-inducing factor. Moreover, the inflating digitization and the rising penetration of high-speed 5G internet are positively influencing the global market. Apart from this, extensive R&D activities by key market players are also propelling the market growth. Furthermore, continuous product innovations, such as the increasing integration of 3D interactive content with 360-degree video, enhanced object and face tracking, and better speech recognition, are expected to fuel the AR and VR smart glasses market over the forecasted period.

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AR and VR Smart Glasses Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Avegant Corp., Everysight Ltd. (Elbit Systems Ltd.), HTC Corporation, Kopin Corporation, Microsoft Corporation, Optinvent, Seiko Epson Corporation, Sony Interactive Entertainment LLC (Sony Group Corporation) and Vuzix.

The report has segmented the market on the basis of type and end use.

Breakup by Type:

• Optical See Through
• Video See Through

Breakup by End Use:

• Gaming Industry
• Healthcare
• Education
• Military and Defense
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance 
• Market Outlook 
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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