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AR VR Smart Glasses Market Size to Grow by USD 6.21 Billion: By Type (optical see-through and video see-through) and Region- Forecast till 2026 – KPVI News 6

Smart glasses

NEW YORK, Jan. 13, 2022 /PRNewswire/ — The “AR VR Smart Glasses Market by Type (optical see-through and video see-through) and Geography (North America, APAC, Europe, South America, and MEA) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The AR VR Smart Glasses market value is set to grow by USD 6.212 billion, progressing at a CAGR of 13.37% from 2021 to 2026, as per the latest report by Technavio

To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Segment

AR VR smart glasses are computer glasses that add contextual information to what the wearer views. AR VR is primarily experienced via a wearable glass device, HUDs, or smartphone application. The objective of smart glasses is to blend the user’s vision with the virtual world effortlessly. Smart glasses work through an amalgamation of the display, sensors, and accelerometers, coupled with smart software and internet connectivity. AR VR smart glasses, therefore, enhance a user’s experience in the real world rather than replacing it. Smart glasses can be equipped with AR VR smart technology for day-to-day domestic and professional uses. This will boost the demand for AR VR smart glasses. The launch of various products such as Google Glass Enterprise Edition 2, an optical HUD, and Microsoft HoloLens 2, a pair of MR smart glasses with high-definition 3D optical HUDs and spatial sound, will drive the global AR VR smart glasses market during the forecast period. Thus, the growing adoption of AR VR smart glasses will positively impact the market in focus during the forecast period. 

The AR VR smart glasses market share growth by the optical see-through segment will be significant during the forecast period. The optical see-through glasses display the visual perception of the physical world with computer-generated elements that appear to coexist spatially. 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.

To learn about additional key drivers, trends, challenges, and segments available with Technavio. Read our FREE Sample Report right now!

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 facilitate the AR VR smart glasses market growth in North America over the forecast period. 

View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.

Some Companies Mentioned with their Offerings      

    • Alphabet Inc.
    • Atheer Inc.
    • Avegant Corp.
    • Everysight Ltd
    • HTC Corp.
    • Microsoft Corp.
    • Samsung Electronics Co. Ltd.
    • Seiko Epson Corp.
    • Sony Group Corp.
    • Vuzix Corp.

To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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AR VR Smart Glasses Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.37%

Market growth 2022-2026

$ 6.21 billion

Market structure

Fragmented

YoY growth (%)

12.21

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, China, Germany, Canada, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Atheer Inc., Avegant Corp., Everysight Ltd, HTC Corp., Microsoft Corp., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sony Group Corp., and Vuzix Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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 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.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website: www.technavio.com/

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SOURCE Technavio

Source: https://www.kpvi.com/news/national_news/ar-vr-smart-glasses-market-size-to-grow-by-usd-6-21-billion-by-type/article_d1f6234b-f94c-5fbd-94d7-1a3404953dba.html

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