Press release
13.8% CAGR Growth of AR & VR Eyeglass Market Growth Statistics to Make Multi-Billion Dollar Market during 2019 – 2025 | Top International Brands (EON Reality, Qualcomm, Google, Microsoft, Vuzix, Samsung Electronics)
AR & VR Eyeglass Market
Global AR & VR Eyeglass Market Overview:
The Global AR & VR Eyeglass Market is projected to display a robust growth represented by a CAGR of 13.8% during the forecast period 2018 – 2025.
Some of the major key factors driving the growth of the Global AR & VR Eyeglass Market are increasing emergence of cloud based technologies, lowering cost of devices and popular among professionals in the medical, automotive and industrial sectors. Rapid growth in demand for AR & VR smart glasses across various industries verticals as BFSI, healthcare, manufacturing, retail, and IT & Telecommunication is fueling the growth of the global market. Not so user friendly or design friendly is the major restraining factor which contributes in AR & VR Eyeglass.
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The Virtual Reality (VR) alludes to the computer-generated simulation of genuine circumstance or condition; Augmented Reality (AR) is an innovation that layers computer-generated improvements to make it increasingly important to connect with it. Virtual Reality (VR) and Augmented Reality (AR) are inverse reflections of each other. Augmented Reality (AR) and Virtual Reality (VR) help us to change the manner in which we visualize the data. AR and VR are considered as a medium to deliver entertainment. The fundamental bit of leeway of Augmented Reality (AR) and Virtual Reality (VR) eyeglass is expecting to take your eyes off that what actions you are taking to see the data.
As per the regional analysis, North America is the significant region across the world in terms of market share and followed by Europe and APAC region. United States and Canada are influencing the North America market due to rising technological enhancements and increasing popularity of GPRS and server-cloud enabled AR and VR smart glasses in the region. Whereas, owing to the countries such as China, Japan, and India, APAC region is anticipated to exhibit higher growth rate over the forecast period 2018-2025. APAC is anticipated to have the fastest growth owing to a rapid growth in technological user base in the region especially in developing nations such as China, and India in this region.
Current Business News:
1 Qualcomm (May 29, 2019) – Introducing the Qualcomm Snapdragon Smart Viewer Reference Design – Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated announced at Augmented World Expo (AWE) the new Qualcomm Snapdragon Smart Viewer Reference Design built on the Qualcomm Snapdragon XR1 Platform. With device OEMs and technology ecosystem partners in mind, the Snapdragon Smart Viewer Reference Design is a VR form factor, built in collaboration with Goertek, designed to help decrease product development time of both AR and VR Smart Viewers.
"The Snapdragon Smart Viewer Reference Design takes advantage of the XR1 processing power and allows both consumers and the enterprise to access an enhanced content offering,” said Hugo Swart, head of XR, Qualcomm Technologies, Inc. “By distributing the workload and tapping into the computer power of host devices via tethering to users’ smartphone or PC, the reference designs’ additional features like eye tracking and 6DoF controllers unlock a deeper level of XR immersion.”
2 EON Reality (May 22, 2019) – EON Reality and University for Business and Technology Announce Partnership to Bring Avr Cluster Center to the Republic of Kosovo – EON Reality Inc., the world leader in Augmented and Virtual Reality-based knowledge transfer for industry and education, together with University for Business and Technology (UBT), announces the first Augmented and Virtual Reality (AVR) Cluster Center in the Republic of Kosovo.
As one of the largest and most prestigious academic institutions in the Balkans, UBT will be providing the home for the region’s first AVR Cluster Center and thus become the area’s hub for AVR technology. Combining UBT’s history as a distinguished academic and business university with the AVR Platform’s user-friendly self-service structure provides an easy way for businesses and institutions of all shapes and sizes to future-proof their education, training, and performance standards.
Top Leading Key Manufacturers are: Google, Microsoft, Vuzix, Samsung Electronics, Qualcomm, Oculus VR, EON Reality, Magic Leap, Blippar and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of AR & VR Eyeglass in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global AR & VR Eyeglass Market Report 2019
1 Executive Summary
1.1 Market Snapshot
1.2 Key Trends
1.3 Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
1.4 Estimation Methodology
1.5 Research Assumption
2 AR & VR Eyeglass Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 AR & VR Eyeglass Dynamics
3.1 See Saw Analysis
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