AR VR Smart Glasses Market Size to Grow by USD 6.21 Billion|33% of the market growth to originate from North America | 17,000+ Technavio Reports

NEW YORK, April 11, 2022 /PRNewswire/ -- The AR VR smart glasses market potential growth difference will reach USD 6.21 billion between 2021 and 2026, as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 13.37%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The increasing adoption of AR VR smart glasses is notably driving the AR VR smart glasses market growth, although factors such as privacy concerns over AR VR smart glasses may impede market growth.

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AR VR Smart Glasses Market Vendor Landscape

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The AR VR smart glasses market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Some of the top AR VR Smart Glasses Market Players Include: 

• Alphabet Inc.: The company offers Focals 1.0 under the brand of North which is AR smart glass with direct retinal projection and prescription compatibility.
• Atheer Inc.: The company offers Atheer AiR Glasses which allows customer to rapidly digitize and augment existing work instructions, procedures, step-by-step guides, inspections, surveys, checklists, etc.
• Avegant Corp.: The company offers AG-30L 30 and AG-50L 50 LED light engines which is AR glasses that offers unique optical and illumination technologies to deliver high performance.
• Everysight Ltd: The company offers Raptor AR smartglasses which is designed for cycling which comes with a controller and data storage option.
• HTC Corp.: The company offers HTC Vive headset which is powered by SteamVR which allows customer to experience sights and sounds vivid and lifelike enough to transport customers to another place, another time whole new reality with limitless possibilities.
• Microsoft Corp.: The company offers Hololen2 which is an ergonomic, untethered self-contained holographic device with enterprise-ready applications to increase user accuracy and output.
• Samsung Electronics Co. Ltd.: The company offers AR glasses under the brand of Samsung which could project a giant virtual screen in front of a users eyes so that they can watch movies and play games.
• Seiko Epson Corp.: The company offers Moverio AR smart glasses which offer to bring the power of augmented reality to a variety of industries and applications with a focus on image quality, comfort and durability.
• Sony Group Corp.: The company offers AR glasses system which is a wearable optical see-through head-mounted display that projects three-dimensional images.
• Vuzix Corp.: The company offers Vuzix Blade smart glasses which are self-contained Augmented Reality smart glasses featuring advanced waveguide optics for hands-free mobile computing and connectivity.

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AR VR Smart Glasses Market Segmentation Highlights

• Type
• Optical See Through
  The optical see through type segment held the largest AR VR smart glasses market share in 2021. The segment will continue to account for the largest share throughout the forecast period as these optical see-through glasses have various applications across various end-use industries. Due to the growing applications and demand for optical see-through glasses, vendors in the market have been taking initiatives that will propel the market in focus during the forecast period.
• Video See Through
• Geography
• North America
  33% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for AR VR smart glasses in North America. Market growth in this region will be faster than the growth of the market in South America. The increased awareness of the potential benefits of using smart glasses will fuel the AR VR smart glasses market growth in North America over the forecast period.
• APAC
• Europe
• South America
• MEA

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AR VR Smart Glasses Market Scope

The report also covers the following areas:

• AR VR Smart Glasses Market size
• AR VR Smart Glasses Market trends
• AR VR Smart Glasses Market industry analysis

AR VR Smart Glasses Market Takeaways

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist AR VR smart glasses market growth during the next five years
• Estimation of the AR VR smart glasses market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the AR VR smart glasses market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of AR VR smart glasses market vendors

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Table of Content

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Optical see through - Market size and forecast 2021-2026
• Video see through - Market size and forecast 2021-2026
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2021-2026
• APAC - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alphabet Inc.
• Atheer Inc.
• Avegant Corp.
• Everysight Ltd
• HTC Corp.
• Microsoft Corp.
• Samsung Electronics Co. Ltd.
• Seiko Epson Corp.
• Sony Group Corp.
• Vuzix Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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