Global AR and VR Smart Glasses Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “AR and VR Smart Glasses Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the AR and VR Smart Glasses Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the AR and VR Smart Glasses Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Smart Glasses is a wearable computer adding information to what the wearer observes. It helps in creating a platform for taking photos and video clips, therefore aims to provide life monitoring services . Virtual Reality (VR) is a computer generated simulation of real life situation or environment. Augmented Reality (AR) is a technology that floors the computer generated enhancements to make it much more meaningful to interact with it. AR and VR are inverse reflections of each other. They are the medium to deliver the entertainment, and help us to change the way we visualize the data.
Growing demand for mobile applications and increasing popularity of e-commerce and online shopping are the major factors driving the growth of the market. Therefore, rising awareness regarding various cloud computing platforms is boosting the growth of the market. High adoption of cloud-based technology is one of the major factors driving the growth of the market.
As per the segmentation the market is classified into number of segments including device type, product, application, and region. The device type segment is categorized into binocular and monocular. On the basis of product segment the market is bifurcated into integrated smart glasses, mobile phone smart glasses, and external smart glasses.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global AR and VR Smart Glasses market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Google Inc., HTC Corporation, Kopin Corporation, MicroOLED, Microsoft Corporation, Oculus VR, Optinvent, Osterhout Design Group, Royole Corporation, Samsung Group, Seiko Epson Corporation, and others.
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