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Smart Augmented Reality Glasses Market Renovation 2025 by Strategic Inclination, Trade Scenario & Emerging Technologies: Microsoft Corporation, Google, SEIKO EPSON CORP., Laster Technologies, Penny, Sony Mobile Communications Inc., Recon Instruments, LUMU

06-28-2019 04:21 PM CET | Media & Telecommunications

Press release from: Worldwide Market Reports

Smart Augmented Reality Glasses

Smart Augmented Reality Glasses

The increased adoption of virtual reality and augmented reality across various application led to increase the demand for augmented reality in variety devices. Its recent implementation is observed in glasses with the introduction of augmented reality glasses. Augmented reality glasses enables information about the user’s environment displayed in front of his/her eyes on his/her glasses. In addition to this, augmented reality glasses effectively superimposes the virtual objects on to the real world. Smart augmented reality glasses enables efficient interactions with holographic objects, as well, because of the presence of sensors and position trackers. Innovations in augmented reality glasses has led to the introduction of mixed reality glasses comprising of enhanced functions.

Augmented reality glasses are still in its development stage as new innovations and implementations are done on the same with the advancements in technology and availability of resources. In spite of this, augmented reality glasses have found its applications in industries such as healthcare, military, retail, real estate etc.

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The primary driver for augmented reality glasses is the increasing adoption and implementation of augmented reality and virtual reality causing transition towards digitalization. Additionally, increasing adoption of smart phones & tablets and increasing penetration of internet also drives the market of augmented reality glasses. The decline in the average price of augmented reality glasses is also a factor contributing towards the growth of augmented reality glasses. Factors such as rising demand in healthcare & military, location based search and gaming applications, furthermore, drive the augmented reality market.

As augmented reality glasses are still in its development stage, henceforth, the major factor restraining the growth of augmented reality glasses market is its lack of awareness. In addition to this, augmented reality glass’s high cost, in spite of the decline in prices, also impedes its growth and adoption rate.

The recent trend governing the growth of augmented reality glasses market is its transition into mixed reality glasses with new technological implementations such as position tracking and presence of depth sensors.

North America is the most dominant region in the global augmented reality glasses market. North America is followed by Europe as there is an increase observed in awareness amongst users, about augmented reality glasses.

APAC is expected to grow at the fastest rate with the penetration of internet, increased awareness and increasing adoption of smart phones and tablets.

Some of the major global augmented reality glasses market players include Microsoft Corporation, Google, SEIKO EPSON CORP., Laster Technologies, Sony Mobile Communications Inc., Recon Instruments, LUMUS, CastAR, Epson, Googlex, AltoTech, ODG, Penny AB, Six15 Technologies, Theia, Vuzix

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

This Augmented Reality Glasses market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Augmented Reality Glasses market.

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends.

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