Product Code: r7280
“AR And VR Smart Glasses Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ar and vr smart glasses market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for ar and vr smart glasses ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ar and vr smart glasses market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Device Type: Binocular; Monocular
- 2) By Product: Mobile Phone Smart Glasses; Integrated Smart Glasses; External Smart Glasses
- 3) By Type: Optical See Through; Video See Through
- 4) By End Use: Gaming Industry; Healthcare; Education; Military And Defense; Other End Users
- Companies Mentioned: Seiko Epson Corporation; Samsung Group; Optinvent; Ricoh Company Ltd.; Microsoft Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the are and very smart glasses market are Seiko Epson Corporation, Samsung Group, Optinvent, Ricoh Company Ltd., Microsoft Corporation, Avegant Corp., Everysight Ltd., Kopin Corporation, HTC Corporation, Sony Interactive Entertainment LLC, Vuzix Corporation, Royole Corporation, Lumus Ltd., RealWear Inc., Google Inc., and Atheer Inc.
The global AR and VR smart glasses market is expected to grow from $13.65 billion in 2022 to $15.93 billion in 2023 at a compound annual growth rate (CAGR) of 16.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The AR and VR smart glasses market is expected to reach $29.30 billion in 2027 at a CAGR of 16.4%.
The AR And VR smart glasses market consists of sales of heads up displays and holographic displays. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Augmented reality (AR) smart glasses are wearable computer-capable eyewear that adds more information ideally 3D visuals and information like animations and videos to the user's real-world settings by superimposing the computer-generated or digital information on their surroundings. Virtual reality glasses or goggles are one type of eyewear that also doubles as a display. They enable the wearer to browse through a gallery of digital images that they can then manipulate.
North America was the largest region in the AR And VR smart glasses market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in he AR And VR smart glasses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of AR and VR smart glass devices are binocular and monocular and are used in various products, such as mobile phone smart glasses, integrated smart glasses, and external smart glasses. Binoculars refer to a portable device for viewing distant objects that consists of two telescopes, a focusing mechanism, and typically prisms. The main types included are optical see-through and video see-through, which are used by several end-users, such as the gaming industry, healthcare, education, military and defense, and others.
An increasing number of gamers is expected to propel the growth of the AR and VR smart glasses market going forward. Gaming is the term used to describe the activity of playing video games online, on a dedicated gaming console, computer, or smartphone, and gamers are individuals who play video games. Smart glass is utilized as a head-up display to simulate a giant screen for gaming. For instance, in March 2023, according to a blog shared by Cybercrew UK, a UK-based online audio and video media company, the number of gamers in the UK had grown by 63% since the 2021 lockdown. Consumers who play video games spent $5.2 billion on them in 2020. It is the first time video game sales in the UK have surpassed $5 billion. By 2025, revenue might reach $7.6 million. Furthermore, according to Invest India, an India-based national investment promotion and felicitation agency, online gaming revenue increased by 28% in 2021 to $1.2 billion, and it is anticipated to reach $1.9 billion by 2024. Therefore, an increasing number of gamers is driving the growth of the AR and VR smart glasses market.
Technological advancements are the key trends gaining popularity in the AR and VR smart glasses market. Major companies operating in the AR and VR smart glasses market are focused on developing innovative technological solutions to strengthen their position in the market. For instance, in October 2022, Seiko Epson Corporation, a Japan-based electronics company, launched the Moverio BT-45C and BT-45CS devices, the newest generation of Moverio augmented reality (AR) smart glasses. The latest Moverio models offer immersive, hands-free cooperation between on-site workers and remote specialists and are specifically designed for mission-critical operations such as troubleshooting, maintenance, inspection, and training. This helps to increase efficiency, improve safety, and decrease downtime. The Moverio BT-45C and BT-45CS are equipped with brand-new Si-OLED (organic light emitting diode) technology, a proprietary optical engine, and a binocular see-through Full HD display with a 34° field-of-view (FoV) to seamlessly integrate digital content with the outside world. They are also compatible with a wide range of collaboration and remote assistance software.
In December 2022, Meta Inc., a US-based technology conglomerate, acquired Luxexcel for an undisclosed amount. With the help of Luxexcel's technology, Meta is now able to incorporate the necessary components for an augmented reality experience, such as holographic film and projectors, inside a prescription lens. Luxexcel Holding B.V. is a Netherlands-based producer of 3D smart glass with AR capabilities.
The countries covered in the AR And VR smart glasses market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The AR and VR smart glasses market research report is one of a series of new reports from The Business Research Company that provides AR and VR smart glasses market statistics, including AR and VR smart glasses industry global market size, regional shares, competitors with a AR and VR smart glasses market share, detailed AR and VR smart glasses market segments, market trends and opportunities, and any further data you may need to thrive in the AR and VR smart glasses industry. This AR and VR smart glasses market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. AR And VR Smart Glasses Market Characteristics
3. AR And VR Smart Glasses Market Trends And Strategies
4. AR And VR Smart Glasses Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On AR And VR Smart Glasses Market
- 4.2. Ukraine-Russia War Impact On AR And VR Smart Glasses Market
- 4.3. Impact Of High Inflation On AR And VR Smart Glasses Market
5. AR And VR Smart Glasses Market Size And Growth
- 5.1. Global AR And VR Smart Glasses Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global AR And VR Smart Glasses Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. AR And VR Smart Glasses Market Segmentation
- 6.1. Global AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Binocular
- Monocular
- 6.2. Global AR And VR Smart Glasses Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Mobile Phone Smart Glasses
- Integrated Smart Glasses
- External Smart Glasses
- 6.3. Global AR And VR Smart Glasses Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Optical See Through
- Video See Through
- 6.4. Global AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Gaming Industry
- Healthcare
- Education
- Military And Defense
- Other End Users
7. AR And VR Smart Glasses Market Regional And Country Analysis
- 7.1. Global AR And VR Smart Glasses Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global AR And VR Smart Glasses Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific AR And VR Smart Glasses Market
- 8.1. Asia-Pacific AR And VR Smart Glasses Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China AR And VR Smart Glasses Market
- 9.1. China AR And VR Smart Glasses Market Overview
- 9.2. China AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India AR And VR Smart Glasses Market
- 10.1. India AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan AR And VR Smart Glasses Market
- 11.1. Japan AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia AR And VR Smart Glasses Market
- 12.1. Australia AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia AR And VR Smart Glasses Market
- 13.1. Indonesia AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea AR And VR Smart Glasses Market
- 14.1. South Korea AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe AR And VR Smart Glasses Market
- 15.1. Western Europe AR And VR Smart Glasses Market Overview
- 15.2. Western Europe AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK AR And VR Smart Glasses Market
- 16.1. UK AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany AR And VR Smart Glasses Market
- 17.1. Germany AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France AR And VR Smart Glasses Market
- 18.1. France AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe AR And VR Smart Glasses Market
- 19.1. Eastern Europe AR And VR Smart Glasses Market Overview
- 19.2. Eastern Europe AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia AR And VR Smart Glasses Market
- 20.1. Russia AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America AR And VR Smart Glasses Market
- 21.1. North America AR And VR Smart Glasses Market Overview
- 21.2. North America AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA AR And VR Smart Glasses Market
- 22.1. USA AR And VR Smart Glasses Market Overview
- 22.2. USA AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America AR And VR Smart Glasses Market
- 23.1. South America AR And VR Smart Glasses Market Overview
- 23.2. South America AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil AR And VR Smart Glasses Market
- 24.1. Brazil AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East AR And VR Smart Glasses Market
- 25.1. Middle East AR And VR Smart Glasses Market Overview
- 25.2. Middle East AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa AR And VR Smart Glasses Market
- 26.1. Africa AR And VR Smart Glasses Market Overview
- 26.2. Africa AR And VR Smart Glasses Market, Segmentation By Device Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa AR And VR Smart Glasses Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. AR And VR Smart Glasses Market Competitive Landscape And Company Profiles
- 27.1. AR And VR Smart Glasses Market Competitive Landscape
- 27.2. AR And VR Smart Glasses Market Company Profiles
- 27.2.1. Seiko Epson Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Samsung Group
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Optinvent
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Ricoh Company Ltd.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Microsoft Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The AR And VR Smart Glasses Market
29. AR And VR Smart Glasses Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer