Press release
Global Mixed Reality Glasses Market 2019: Set for Rapid Growth by 2025 |Leading Key Players- Microsoft Corporation (MSFT), Meta View, Inc., Magic Leap, Inc., NReal Ltd., Osterhout Design Group
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The mixed reality glasses market comprises of 3 segments which are segmented by connectivity into wireless and tethered, by application into virtual tourism, virtual assistant, gaming, video shooting, architectural engineering and entertainment and by distribution channel into offline retail stores and online channel. The global mixed reality glasses market is estimated to grow at a moderate CAGR over the forecast period (2020-2027).
Rapid Technological Advancements
The growth of the market is driven by factors such as technological advancements taking place in the field, availability of wireless and tethered options for user and the steady rise in the number of smartphone users across the globe. The emergence of IoT has re-defined the ways in which businesses will conduct their operations. Many physical objects are expected to work based on software that is being embedded inside them. Sensors can be attached to many physical objects or electronic items in order to enable such objects to gather and exchange data that can be used for several purposes. Mixed reality glasses help to bring optimum efficiency at work for the user and they also have the immersive feature that aids in producing accurate results for the user by focusing on covering intricate details.
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Apart from that, these glasses are expected to find their application in a variety of consumer end industries such as retail, tourism, fashion and others which can provide the consumers with the option of understanding how a particular object or product will look like and the benefits and problems that can accrue to the consumer.
The global mixed reality glasses market is segmented into five major regions comprising of North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in North American region is estimated to witness the highest growth share, owing to the presence of leading manufacturers in the region, technological advancements taking place with such devices and the availability of adequate infrastructure for introducing these advanced technologies
However, mixed reality glasses market may suffer from some limitations such as inadequate levels of awareness among the general population, high costs of these smart glasses that are not affordable to the majority of mass population and since it is a new technology, it has not yet been applied commercially and is still in its initial stages, where more developments on the product are still awaited which may all temporarily act as major restraints to the growth of the market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global mixed reality glasses market which includes company profiling of key companies such as Microsoft Corporation (MSFT), Meta View, Inc., Magic Leap, Inc., NReal Ltd., Osterhout Design Group, ThirdEye Gen, Inc. and Mad Gaze. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mixed reality glasses market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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