Dublin–(business wire) – “AR Glasses Market – Global Industry Analysis (2017 – 2020) – Growth Trends and Market Forecast (2021 – 2025)” report has been added to of ResearchAndMarkets.com Presentation.
The global AR glasses market will be valued at $883.4 million by 2025 from $143.8 million in 2017. During the forecast period of 2021 and 2025, the global market for AR glasses will register a CAGR of 17.8%.
mention of companies
Jorjin Technologies Inc.
ThirdEye General, Inc.
The global augmented reality (AR) glasses market is set to revolutionize the way we perceive things. The publisher tracks its trajectory by tracing the innovation steps taken by the major players operating in the global market. The COVID-19 pandemic has highlighted the need for sophisticated technology that can bridge the gap in teleconsultation between medical professionals and patients. This created a remarkable opportunity for the global market. The report suggests that the global AR Glasses market will see opportunities in sectors such as logistics, healthcare, manufacturing and government.
Key insights into the global AR glasses market:
The enterprise AR glasses type segment is leading the global AR glasses market in 2020. However, the consumer AR glasses type segment is expected to register the highest growth in the forecast period as big companies like Apple, Reliance, Facebook and Snap show interest. in investment.
The healthcare industry is the fastest growing end user of AR glasses in terms of value at a CAGR of 19.6% between 2021 and 2025. Healthcare professionals are expected to deploy this technology by training physicians and surgeons, educating and supporting medical professionals and students. Telehealth Services.
The US was the highest revenue-generating country for AR glasses in 2020 as enterprises adopted them to improve operational efficiency, safety and quality.
The Asia Pacific AR glasses market is also expected to register the highest growth in the forecast period due to increasing investment by Chinese companies in augmented reality technology.
Companies operating in the AR Glasses market are focusing on integrating emerging technologies such as 5G, Artificial Intelligence (AI), edge computing, cyber security, conversational platforms and machine vision.
Manufacturing and healthcare industries emerge as major end users of AR glasses
The report estimates that the manufacturing industry will play a key role for the global AR glasses. Similarly, its adoption in the healthcare industry is expected to boost sales in the coming years. Over the years, AR glasses will be necessary to train doctors, surgeons, and ensure smooth teleconsultation.
For example, surgeons are using Google Glass during training sessions and procedures. It has the full potential to access relevant surgical information within line of sight, while Vuzix’s M400 AR glasses are defining telehealth services.
North America leading, Asia Pacific to be fastest growing market
As of 2020, North America accounted for 38.5% of the global AR glasses market. The sector is dominated by enterprises adopting this technology and gadgets to increase operational efficiency. In addition, the presence of Google, ThirdEye, Apple, Vuzix, Snap Inc. has given the regional market an edge over others. The popularity of wearable devices is also projected to give an impetus to the AR glasses market in North America.
Meanwhile, Asia Pacific is also projected to show steady growth in the market as China continues to be a manufacturing giant for technology products. India will also make a significant contribution as the country is witnessing rising disposable income among the younger demographic.
Major topics covered:
1. Executive Summary
1.1. Global AR Glasses Market Snapshot
1.2. Global AR Glasses Market Analysis
2. Market Overview
2.1. market dynamics
2.2. COVID-19 impact
2.2.1. Impact of COVID-19 on Enterprise AR Glasses
2.2.2. COVID-19 impact on consumer AR glasses
2.3. eco-system analysis
2.4. AR Glasses Vendor Landscape
2.5. Porter’s Five Forces
2.6. AR Glasses Timeline
2.7. AR Glasses End User Analysis
2.8. Major use cases by industry
2.9. market trends
2.10. Microeconomic Outlook
3. Shipment Analysis, 2016 – 2025
3.1. Global AR Glasses Shipment Analysis (1000 Units), 2016 – 2025
3.2. AR Glasses Shipment Analysis (1000 Units) Type, 2016 – 2025 . By
4. Price Trend Analysis, 2016 – 2025
4.1. Enterprise AR Glasses Pricing Analysis, 2017-2025
4.2. Consumer AR Glasses Pricing Analysis, 2017-2025
4.3. AR Glasses Average Selling Price (US$), 2017-2020
5. Global AR Glasses Market Outlook, 2017-2025
6. North America AR Glasses Market Outlook, 2017-2025
7. Europe AR Glasses Market Outlook, 2017-2025
8. Asia Pacific AR Glasses Market Outlook, 2017-2025
9. Latin America AR Glasses Market Outlook, 2017-2025
10. Middle East & Africa AR Glasses Market Outlook, 2017-2025
11. Competitive Landscape
For more information about this report, visit https://www.researchandmarkets.com/r/msmwye