AR and VR Smart Glasses Market Research Report- Global Forecast till 2027

AR and VR Smart Glasses Market: by Device Type (Binocular, Monocular), Product (Mobile phone smart glasses, Integrated Smart glasses, External Smart glasses), Application (Education, Gaming, Industrial, Military) – Forecast till 2027

ID: MRFR/SEM/3410-HCR | February 2021 | Region: Global | 100 pages

AR and VR Smart Glasses Market overview 


Virtual reality and augmented reality are two platforms that enable to make better computer-generated interactions. Both these platforms are deployed in smart glasses that are similar to regular glasses. However, these wearable Augmented Reality Smart Glasses and VR glasses come with plenty of high-end features. These glasses can merge the user’s physical information with virtual information.


Also, some of the AR and VR glasses can be mounted in spectacles. The user can view everything through the see-through glass that also has the inbuilt camera to capture things. The way of data visualization is advancing through AR and VR glasses. The AR and VR Smart Glasses Market is witnessing plenty of demand in the forecast period. Several immense technology companies are adopting AR/VR technology. Due to this, AR and VR Smart Glasses Market Size will grow at 13% CAGR during the forecast period. With the faster implementation of technology, the AR and VR Smart Glasses Market Demand will be massive in 2023. 


Covid analysis 


The outbreak of covid 19 has caused unexpected changes in global markets. The AR and the VR market are experiencing several market difficulties in this tough period. The production has slowed down due to less demand. Further, the supply chain disruptions are immense due to global restrictions. However, the market activities are resuming rapidly. As per the AR and VR Smart Glasses Market Analysis, the post covid 19 trends of the AR and VR Smart Glasses Market look promising.


Further, the AR and VR market is receiving demand from different sectors. The medical sector is requiring AR and VR smart glasses for research purposes. Also, the technology is used in patient care management and medical training in recent times. These new opportunities will help the market to recover from losses. The rise in demand and increase in production will ultimately have a positive effect on the market. The decline in the market during the pandemic is temporary. Further, there are plenty of strategies implanted by the key players to enhance the overall market growth.


AR and VR Smart Glasses Market Dynamics 



  • Crucial market drivers 


The massive requirement of AR and VR in the social network platform is the crucial drivers of the market. The big social platforms such as Facebook are key end-user of the product. Also, the concept of virtual networking in social network drives exceptional demand during the forecast period. Virtual reality in social platforms will provide an intuitive experience for the users. Due to these reasons, AR and VR smart glasses are gaining more popularity in the fields.


 The surge in the eCommerce market is another crucial demand driving factor of this market. Due to online shopping, the number of purchases on new technologies is continuously increasing. It ultimately provides more product awareness and demand for the AR and VR Smart Glasses Market. The surging demand for mobile application is another AR and VR market driver. The increasing awareness about virtual reality through mobile applications drives the customer presence towards Global AR and VR Smart Glasses Market. 



  • Market growth opportunities 


The investment in AR and VR Smart Glasses Industry is continuously surging. The high investments in the market are enabling more awareness of the technology. The prevalence of wearable AR and VR glasses will be significant in the upcoming years. The increasing interest of giant tech companies in AR and VR glasses is another factor that offers plenty of growth opportunities. The future demand for VR and AR glasses in the medical sector is a great market growth opportunity. The demand from the medical sector will substantially increase in the future. The requirement of the augmented reality and virtual reality glasses is massive in medical training and intuitions. These requirements will fuel more growth possibilities in the forecast period. Further, the demand from the education sector is another AR and VR Smart Glasses Market Growth factor.



  • The market restraints 


The AR and VR wearable smart glass is high-end technology. There is a wide range of applications available for AR and VR. However, in some regions, the poor application of AR and VR is a restraint to the AR and VR Smart Glasses Market. The poor operations result in less demand for the market. Further, the giant tech companies require exceptional AR and VR smart glasses. The failure to meet these requirements affects the profitability of the market. The lack of research is a crucial reason for poor applications. The investments in AR and VR research and development are less in several regions. 



  • The market challenges 


The AR and VR smart glasses have a high requirement in the medical field. However, most AR and VR glasses perform poorly. It is a significant challenge that can affect the demand in the market. The low-resolution feature of the AR and VR glasses in the medical field is a growth restricting factors in the forecast period. These AR and VR Smart Glasses Market challenges can slow down the expansion and adoption rate of the product. The use of AR and VR glass requires technical expertise in the medical sector. However, the lack of technical skills to use the technology is another restraint in tithe use of AR and VR glass requires technical expertise in the medical sector. However, the lack of technical skills to use the technology is another restraint in the challenge. 



  • Cumulative growth analysis 


The growth trends of the AR and VR market looks promising. There are three main segments in this AR and VR Smart Glasses Market. The device, application and services are the three segments that provide demand and revenue for the market. The growth rate in all these segments looks impressive in the forests period. The external smart VR and AR glasses market is witnessing high demand in recent years.


These developments in the AR and VR Smart Glasses Market will continue in the forecast period. There are plenty of drivers that fuel the overall market growth. The demand from tech giants is a crucial driver for the market. Also, the prevalence of mobile applications and online shopping are other demand driving factors. However, the poor performance of tee device and less efficiency can restrict the market demand. The key players of the market are initiatives to fix the technical difficulties in the product. All these factors show that the growth rate of the market will remain positive in the upcoming years. 



  • Value chain analysis 


North America holds the highest AR and VR Smart Glasses Market Share. We are the key player in the region. The technological advancement in these regions is happening at an exponential pace. These factors contribute to the high demand in this region. Also, the rise in GPRS integrated cloud platform is providing more demand for the AR and VR smart glasses market. North America will record the highest revenue rate in the forecast period. Also, this market has plenty of growth prospects from giant tech companies. Further, there is going to be plenty of enhancements in the market by key players. Due to all these factors, the demand and profitability will increase in North America during the forecast period.


Global AR and VR Smart Glasses Market


   AR and VR Smart Glasses Market


Source: MRFR Analysis


AR and VR Smart Glasses Market Segment Overview 


By AR and VR device type 



  • Monocular 

  • Binocular 


By AR and VR by product 



  • External smart glasses 

  • Mobile phone smart glasses 

  • Integrated smart glasses 


By AR and VR applications 



  • Gaming 

  • Military 

  • Industrial 

  • Education 


By AR and VR market end-users 



  • Hospitality sector 

  • Technology investors 

  • Consultancy firm 

  • Retailers 

  • Government sector 


By region 



  • North America 

  • Asia pacific 

  • Europe 


AR and VR Smart Glasses Market Regional Analysis 


The AR and VR smart glasses market is segmented into Europe, Asia Pacific and North America. as per the AR and VR Smart Glasses Market Report , North America will dominate the other smart glasses market. The high development in technology is the reason for high growth in the region. Also, the key players of the market have plenty of strategies for the market. The AR and VR smart glasses have high demand from tech companies.


Also, North America will increase its production to meet the market demand. All these factors will lead to the VR and AR smart glasses. Europe is the next highest shareholder of the market. The use of AR and VR smart glasses is high in government sectors and fields. Europe will record the highest remand rate in the forecast period. Further, Asia pacific will have high demand due to the use of VR and VR smart glasses in the medical sector. 


The key players of the AR and VR smart glasses market are 



  • Google Inc

  • Seiko Epson Corporation

  • Samsung Group

  • HTC Corporation 

  • FlexEl, LLC.

  • Microsoft Corporation

  • Sony Corporation 


Recent developments 



  • The key players of the AR and VR Smart Glasses Market are launching the new version of smart glasses for the medical sector. 

  • The medical institutions in use are adapting to the smart glasses at an exponential pace. Also, it is used for medical training and other medical procedures. 


AR and VR Smart Glasses Market Report Overview 



  • Market overview highlights 

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments



Frequently Asked Questions (FAQ) :


The worldwide market of AR and VR smart glasses, between 2017 and 2023, can stand at a valuation of USD 31 Bn at 13% CAGR.

Royole Corporation (U.S.), MicroOLED (France), Optinvent (France), and Ricoh (Japan) are some major providers of smart glasses.

Mobile phone smart glasses, external smart glasses, and integrated smart glasses are AR and VR smart glasses product types.

The large-scale utility of AR and VR smart glasses in the gaming industry is expected to bolster its market expansion.

The rapid expansion of game industry in North America can drive the growth of the regional AR and VR smart glasses market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global AR and VR Smartglasses Market

5 Industry Overview of Global AR and VR Smartglasses Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global AR and VR Smartglasses Market by Device Type

7.1 Introduction

7.2 Binocular

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Monocular

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8. Global AR and VR Smartglasses Market by Product

8.1 Introduction

8.2 Mobile Phone Smartglasses

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Integrated Smartglasses

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 PC Eternal Smartglasses

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

9. Global AR and VR Smartglasses Market by Application

9.1 Introduction

9.2 Gaming

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Education

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Military

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Industrial

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Commercial

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

10. Global AR and VR Smartglasses Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Device Type, 2020-2027

10.2.3 Market Estimates & Forecast by Product, 2020-2027

10.2.4 Market Estimates & Forecast by Application, 2020-2027

10.2.5 U.S.A

10.2.5.1 Market Estimates & Forecast, 2020-2027

10.2.5.2 Market Estimates & Forecast by Device Type, 2020-2027

10.2.5.3 Market Estimates & Forecast by Product, 2020-2027

10.2.5.4 Market Estimates & Forecast by Application, 2020-2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, 2016-2027

10.2.6.2 Market Estimates & Forecast by Device Type, 2016-2027

10.2.6.3 Market Estimates & Forecast by Product, 2016-2027

10.2.6.4 Market Estimates & Forecast by Application, 2016-2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, 2020-2027

10.2.7.2 Market Estimates & Forecast by Device Type, 2020-2027

10.2.7.3 Market Estimates & Forecast by Product, 2020-2027

10.2.7.4 Market Estimates & Forecast by Application, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Device Type, 2020-2027

10.3.3 Market Estimates & Forecast by Product, 2020-2027

10.3.4 Market Estimates & Forecast by Application, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020-2027

10.3.5.2 Market Estimates & Forecast by Device Type, 2020-2027

10.3.5.3 Market Estimates & Forecast by Product, 2020-2027

10.3.5.4 Market Estimates & Forecast by End-Users, 2020-2027

10.3.6. France

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast by Device Type, 2020-2027

10.3.6.3 Market Estimates & Forecast by Product, 2020-2027

10.3.6.4 Market Estimates & Forecast by Application, 2020-2027

10.3.7 UK

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast by Device Type, 2020-2027

10.3.7.3 Market Estimates & Forecast by Product, 2020-2027

10.3.7.4 Market Estimates & Forecast by Application, 2020-2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Device Type, 2020-2027

10.4.3 Market Estimates & Forecast by Product, 2020-2027

10.4.4 Market Estimates & Forecast by Application, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020-2027

10.4.5.2 Market Estimates & Forecast by Device Type, 2020-2027

10.4.5.3 Market Estimates & Forecast by Product, 2020-2027

10.4.5.4 Market Estimates & Forecast by Application, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast by Device Type, 2020-2027

10.4.6.3 Market Estimates & Forecast by Product, 2020-2027

10.4.6.3 Market Estimates & Forecast by Application, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast by Device Type, 2020-2027

10.4.7.3 Market Estimates & Forecast by Product, 2020-2027

10.4.7.4 Market Estimates & Forecast by Application, 2020-2027

10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast by Device Type, 2020-2027

10.4.8.3 Market Estimates & Forecast by Product, 2020-2027

10.4.8.4 Market Estimates & Forecast by Application, 2020-2027

10.4.8.5 Market Estimates & Forecast by End-Users, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Device Type, 2020-2027

10.5.3 Market Estimates & Forecast by Product, 2020-2027

10.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, 2020-2027

10.5.5.2 Market Estimates & Forecast by Device Type, 2020-2027

10.5.5.3 Market Estimates & Forecast by Product, 2020-2027

10.5.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.6 Latin Countries

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast by Device Type, 2020-2027

10.5.6.3 Market Estimates & Forecast by Product, 2020-2027

10.5.6.4 Market Estimates & Forecast by Application, 2020-2027

11. Company Landscape

12. Company Profiles

12.1 Seiko Epson Corporation (Japan)

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Microsoft Corporation (U.S.)

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Osterhout Design Group (U.S.)

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Samsung Group (South Korea)

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Royole Corporation (U.S.)

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Optinvent (France)

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 MicroOLED (France)

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Ricoh (Japan)

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Kopin Corporation (U.S.)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Imprint Energy, Inc. (U.S.)

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.11 FlexEl, LLC. (U.S.)

12.11.1 Company Overview

12.11.2 Product/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

12.12 Sony Corporation (Japan)

12.12.1 Company Overview

12.12.2 Product/Business Segment Overview

12.12.3 Financial Updates

12.12.4 Key Developments

12.13 HTC Corporation (Taiwan)

12.13.1 Company Overview

12.13.2 Product/Business Segment Overview

12.13.3 Financial Updates

12.13.4 Key Developments

12.14 Razer Inc. (U.S.)

12.14.1 Company Overview

12.14.2 Product/Business Segment Overview

12.14.3 Financial Updates

12.14.4 Key Developments

12.15 Avegant (U.S.)

12.15.1 Company Overview

12.15.2 Product/Business Segment Overview

12.15.3 Financial Updates

12.15.4 Key Developments

12.16 Google Inc. (U.S.)

12.16.1 Company Overview

12.16.2 Product/Business Segment Overview

12.16.3 Financial Updates

12.16.4 Key Developments

12.17 Oculus VR (U.S.)

12.17.1 Company Overview

12.17.2 Product/Business Segment Overview

12.17.3 Financial Updates

12.17.4 Key Developments

12.18 Vuzix (U.S.)

12.18.1 Company Overview

12.18.2 Product/Business Segment Overview

12.18.3 Financial Updates

12.18.4 Key Developments

12.19 Jenax (South Korea)

12.19.1 Company Overview

12.19.2 Product/Business Segment Overview

12.19.3 Financial Updates

12.19.4 Key Developments

12.20 Atheer (U.S.)

12.20.1 Company Overview

12.20.2 Product/Business Segment Overview

12.20.3 Financial Updates

12.20.4 Key Developments

13 Conclusion

LIST OF TABLES

Table1 Global AR and VR Smartglasses Market: By Region, 2020-2027

Table2 North America AR and VR Smartglasses Market: By Country, 2020-2027

Table3 Europe AR and VR Smartglasses Market: By Country, 2020-2027

Table4 Asia-Pacific AR and VR Smartglasses Market: By Country, 2020-2027

Table5 Middle East & Africa AR and VR Smartglasses Market: By Country, 2020-2027

Table6 Latin America AR and VR Smartglasses Market: By Country, 2020-2027

Table7 Global AR and VR Smartglasses by Device Type Market: By Regions, 2020-2027

Table8 North America AR and VR Smartglasses by Device Type Market: By Country, 2020-2027

Table9 Europe AR and VR Smartglasses by Device Type Market: By Country, 2020-2027

Table10 Asia-Pacific AR and VR Smartglasses by Device Type Market: By Country, 2020-2027

Table11 Middle East & Africa AR and VR Smartglasses by Device Type Market: By Country, 2020-2027

Table12 Latin America AR and VR Smartglasses by Device Type Market: By Country, 2020-2027

Table13 Global AR and VR Smartglasses by Product Market: By Regions, 2020-2027

Table14 North America AR and VR Smartglasses by Product Market: By Country, 2020-2027

Table15 Europe AR and VR Smartglasses by Product Market: By Country, 2020-2027

Table16 Asia-Pacific AR and VR Smartglasses by Product Market: By Country, 2020-2027

Table17 Middle East & Africa AR and VR Smartglasses by Product Market: By Country, 2020-2027

Table18 Latin America AR and VR Smartglasses by Product Market: By Country, 2020-2027

Table19 Global Application Market: By Region, 2020-2027

Table20 Global Application Market: By Region, 2020-2027

Table21 North America AR and VR Smartglasses Market, By Country

Table22 North America AR and VR Smartglasses Market, By Device Type

Table23 North America AR and VR Smartglasses Market, By Product

Table24 North America AR and VR Smartglasses Market, By Application

Table25 Europe: AR and VR Smartglasses Market, By Device Type

Table26 Europe: AR and VR Smartglasses Market, By Product

Table27 Europe: AR and VR Smartglasses Market, By Application

Table28 Asia-Pacific: AR and VR Smartglasses Market, By Country

Table29 Asia-Pacific: AR and VR Smartglasses Market, By Device Type

Table30 Asia-Pacific: AR and VR Smartglasses Market, By Product

Table31 Asia-Pacific: AR and VR Smartglasses Market, By Application

Table32 Middle East & Africa: AR and VR Smartglasses Market, By Country

Table33 Middle East & Africa AR and VR Smartglasses Market, By Device Type

Table34 Middle East & Africa AR and VR Smartglasses Market, By Product

Table35 Middle East & Africa: AR and VR Smartglasses Market, By Application

Table36 Latin America: AR and VR Smartglasses Market, By Country

Table37 Latin America AR and VR Smartglasses Market, By Device Type

Table38 Latin America AR and VR Smartglasses Market, By Product

Table39 Latin America: AR and VR Smartglasses Market, By Application

LIST OF FIGURES

FIGURE 1 Global AR and VR Smartglasses market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global AR and VR Smartglasses Market

FIGURE 4 Value Chain of Global AR and VR Smartglasses Market

FIGURE 5 Share of Global AR and VR Smartglasses Market in 2020, by country (in %)

FIGURE 6 Global AR and VR Smartglasses Market, 2020-2027,

FIGURE 7 Sub segments of Device Type

FIGURE 11 Global AR and VR Smartglasses Market size by Device Type, 2020

FIGURE 11 Share of Global AR and VR Smartglasses Market by Device Type, 2020 TO 2027

FIGURE 11 Global AR and VR Smartglasses Market size by Product, 2020

FIGURE 11 Share of Global AR and VR Smartglasses Market by Product, 2020 TO 2027

FIGURE 12 Global AR and VR Smartglasses Market size by Application, 2020

FIGURE 13 Share of Global AR and VR Smartglasses Market by Application, 2020 TO 2027