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Global Smart Augmented Reality (AR) Glasses Business Analysis Report 2024: Market to Grow at a CAGR of 53% During 2023-2030, Driven by Increased Applications in Medicine, Defense, VX, & the Metaverse – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The

The global market for Smart Augmented Reality (AR) Glasses was estimated at 678.6 Thousand Units in 2023 and is projected to reach 13 Million Units by 2030, growing at a CAGR of 53.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the smart AR glasses market is driven by several factors, including rapid advancements in AR technology, increasing investment in wearable tech, and the expanding applications of AR across industries. Technological advancements have significantly improved the display quality, battery life, and overall performance of AR glasses, making them more practical for everyday use. Companies are investing heavily in developing more affordable and versatile AR solutions, targeting both enterprise and consumer markets. The expanding use of AR glasses in various industries, such as healthcare, manufacturing, and retail, highlights their potential to enhance productivity and customer engagement.

Additionally, the rise of remote work and the need for virtual collaboration tools have accelerated the adoption of AR glasses, providing new ways for teams to interact and collaborate in real-time. As these factors converge, the market for smart AR glasses is poised for substantial growth, driven by continuous innovation and the increasing recognition of AR’s transformative potential in both professional and personal contexts.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Simple Assisted Reality Glasses segment, which is expected to reach 5 Million Units by 2030 with a CAGR of a 50.3%. The MR Holographic Displays segment is also set to grow at 58.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at 432.3 Thousand Units in 2023, and China, forecasted to grow at an impressive 62.5% CAGR to reach 613.3 Thousand Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

  • How is the Global Smart Augmented Reality (AR) Glasses Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Atheer, Inc., Avegant Corp., C Wear Technologies AB, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report Attribute Details
No. of Pages 376
Forecast Period 2023 – 2030
Estimated Market Value in 2023 678.6 Thousand Units
Forecasted Market Value by 2030 13000 Thousand Units
Compound Annual Growth Rate 53.0%
Regions Covered Global

MARKET OVERVIEW

  • Augmented Reality (AR): Enriching the Real World through Convergence with Digital Information and Media
  • Growing Technology & Commercialization Activity Surrounding AR to Benefit Development of Smart AR Glasses
  • Smart Augmented Reality (AR) Glasses: Making Science Fiction a Reality
  • AR Glasses: Insights into Functionality
  • AR Vs VR Glasses
  • Types of AR Glasses
  • Major Applications of AI-Based Smart Glasses
  • Despite Early Failures, Long-term Remains Promising for Smart Augmented Reality (AR) Glasses
  • Global Market Outlook
  • Intriguing Real-World & Potential Applications of Smart Glasses
  • Competition
  • Smart Augmented Reality (AR) Glasses – Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Google Glass Failure & the Lessons Learnt
  • Google Glass Enterprise Edition: Focus on Industrial Applications
  • Google Focuses on AR Headset
  • Microsoft’s HoloLens: Wearable Holographic Computing
  • Products Stirring Smart Glasses Market with Innovative Functionality
  • Companies Betting Big on Next-Generation Smart AR Glass Technology
  • Major Trends in AR Hardware Development Landscape
  • Players Focus on AR Hardware Space
  • Influencer Market Insights
  • Recent Market Activity

MARKET TRENDS & DRIVERS

  • Why AR Smart Glasses Are Emerging as Prudent Choice for Various Industry Verticals
  • AR Smart Glasses: Turning Heads & Shaping Future of Diverse Industry Verticals
  • Promising Applications of Smart AR Glass
  • Newer Capabilities of AR Spur Customer Interest in Smart AR Glasses
  • Select Innovations in Smart AR Glasses Market
  • Smart Glasses Reappear with Edge for Enterprise and Industrial Users
  • Smart AR Glasses to Shape Virtual Experiences in the Metaverse
  • AR To Transform the Fashion Industry
  • A Overview of Select Metaverse Glasses
  • Smart AR Glasses to Benefit from the Rising Focus on Remote Assistance
  • Smart AR Glasses Emerge as Enticing Options to Improve Business Flows and Efficiency
  • Increasing Investments in Smart Workforce Mobility & Productivity to Benefit Adoption of AR in Enterprise Sector
  • BYOD Trend Brings Greater Opportunity for Smart Glasses in the Enterprise Sector
  • Burgeoning Sales of Smartphones to Benefit Smartphone-Dependent AR Glasses
  • Potential to Improve Productivity & Efficiency to Fuel Adoption of Smart AR Glasses in Industrial & Manufacturing Sector
  • Industry 4.0 Trend Presents Opportunities for AR Smart Glasses
  • Select Industrial-Grade Smart AR Glasses: A Review
  • Amazing Applications of AR Glasses Taking Gaming, Medicine & Art by Storm
  • Growing Prominence of AR/VR Technology in Gaming Industry to Boost Market Prospects
  • Gaming Platforms Attracting Developer Interest
  • 5G Network Technology and Digitization: Potential for AR/VR Smart Glasses Market
  • Breakdown of Network Latency (in Milliseconds) by Network Type
  • 5G to Link MR Smart Glasses and Smartphones
  • Generative AI to Become an Integral Part of AR Glasses in the Future
  • Increasing Adoption of AR/VR in Social Network Platforms to Fuel Popularity of AR Smart Glasses
  • Snapchat Spectacles AR Appears Poised to Step Up Smart AR Glasses Game
  • Augmented Reality Contact Lens: A Pathbreaking Development
  • Smart AR Glasses to Revolutionize Retail & Shopping Sector
  • Surge in Online Shopping Activity and Burgeoning eCommerce Market Drives Focus onto the Role of Smart AR Glasses
  • Warehouses & Logistics Turn to Smart AR Glasses for “Hands-Free Order Picking” Tasks
  • AR Vision Picking Gains Popularity as Mobile Technologies Evolve
  • Smart AR Glasses to Enable Hands-Free Inspection, Maintenance and Repair of Production Floor Machinery
  • AR Complements CRM to Transform Sales and Service Processes in Enterprises
  • Use of Smart AR Glasses for 3D/CAD Modelling in Design Firms
  • Increasing Significance of AR in Healthcare, Spurring Opportunities for AR Smart Glasses
  • Smart AR Glasses Aiding the Healthcare Industry in Several Ways
  • Rise of Remote Monitoring & Telemedicine to Present Opportunities for Smart AR Glass Market
  • Augmented Reality Smart Glasses Poised to Transform the Sports World
  • Rising Prominence of AR, VR and MR Goggles for Military Use
  • App Ecosystem, the Most Vital Ingredient in Making Augmented Reality Enterprise Ready
  • AR Smart Glass & AI: Providing Transformative Experience in Insurance Industry
  • Laser Beam Scanning as Key Enabler of Smart Future of AR Glass Technology
  • Major Challenges Confronting Smart AR Glasses Market

FOCUS ON SELECT PLAYERS (Total 69 Featured)

  • Atheer, Inc.
  • Avegant Corp.
  • C Wear Technologies AB
  • Epson America, Inc.
  • Everysight Ltd.
  • Google Inc.
  • Lumus Ltd.
  • Magic Leap, Inc.
  • Microsoft Corporation
  • NVIS, Inc.
  • Optinvent SA
  • Ricoh Company, Ltd.
  • Samsung Group
  • Tobii AB
  • Vuzix Corporation

For more information about this report visit https://www.researchandmarkets.com/r/xvhd32

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