openPR Logo
Press release

AR and VR Smart Glasses Market Share 2023, Size ($ 30.7 Bn), Trends, Forecast Report 2028

08-27-2023 11:06 AM CET | IT, New Media & Software

Press release from: IMARC Group

AR and VR Smart Glasses Market Trends 2023

AR and VR Smart Glasses Market Trends 2023

How Big is The AR VR Smart Glasses Market?

The global AR and VR smart glasses market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.5% during 2023-2028.

What is AR (augmented reality) and VR (virtual reality) glasses?

AR (augmented reality) and VR (virtual reality) glasses refer to the smart glasses that bridge the gap between the digital and physical worlds. AR glasses aid in modifying views or changing images of the real world while assisting users with everyday tasks and enabling them to express themselves more effectively. In contrast, VR glasses offer an immersive virtual experience, thus allowing users to feel the adventure of being in an actual location. With these glasses, wearers can record videos, still images, and audio remotely, access information hands-free, exchange data, share their point of view in real-time and augment their real world. In addition to this, users can analyze information relevant to their surroundings. As a result, these glasses can enhance and replace existing technology solutions in enterprise supply chains, thereby improving workplace productivity, efficiency, and compliance.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/ar-vr-smart-glasses-market/requestsample

AR and VR Smart Glasses Market Trends and Drivers:

The escalating demand for this technology in various end-use industries, including healthcare, military, e-commerce, defense, and education, is primarily driving the AR and VR smart glasses market. Besides this, continual advancements in artificial intelligence (AI) and the Internet of Things (IoT), in combination with Big Data and analytics, are further augmenting the market growth. Moreover, various innovations in AR and VR glasses, such as the incorporation of 3D interactive content with enhanced face and object tracking, 360-degree video, and better speech recognition, are also catalyzing the global market. Apart from this, the elevating requirement for virtual and augmented reality games and the rising number of gamers are acting as significant growth-inducing factors. Additionally, the expanding Industry 4.0 and the emerging trend of industrialization are also stimulating the market growth. Furthermore, the increasing penetration of high-speed 5G internet and the development of mobile applications are expected to bolster the AR and VR smart glasses market in the coming years.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Avegant Corp.
• Everysight Ltd. (Elbit Systems Ltd.)
• HTC Corporation
• Kopin Corporation
• Microsoft Corporation
• Optinvent
• Seiko Epson Corporation
• Sony Interactive Entertainment LLC (Sony Group Corporation)
• Vuzix.

The report has segmented the market on the basis of type and end use.

Breakup by Type:
• Optical See Through
• Video See Through

Breakup by End Use:
• Gaming Industry
• Healthcare
• Education
• Military and Defense
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Also Browse Latest Reports 2023-2028:

https://www.digitaljournal.com/pr/news/imarc/tin-market-outlook-2023-industry-size-demand-price-analysis-global-forecast-till-2028

https://www.digitaljournal.com/pr/news/imarc/india-fantasy-sports-market-size-top-companies-industry-trends-report-2023-2028

https://www.digitaljournal.com/pr/news/imarc/global-sodium-ion-battery-market-set-to-experience-a-massive-13-2-cagr-during-2023-2028

https://www.digitaljournal.com/pr/news/imarc/cloud-managed-services-market-poised-to-reach-98-7-billion-2023-2028-driven-by-impressive-12-3-cagr-imarc-group

https://www.digitaljournal.com/pr/news/imarc/feed-premix-market-latest-trends-2023-2028-global-demand-and-industry-forecast-report-by-imarc-group

https://www.digitaljournal.com/pr/news/imarc/commercial-insurance-market-outlook-2023-size-share-upcoming-trends-report-2028

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release AR and VR Smart Glasses Market Share 2023, Size ($ 30.7 Bn), Trends, Forecast Report 2028 here

News-ID: 3182936 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency