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AR/VR Smart Glasses Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

10-27-2023 03:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

AR/VR Smart Glasses Market is Anticipated to Increase at a Stable

The global AR/VR smart glasses market is anticipated to grow at a CAGR of 8.1% during the forecast period (2023-2030). Rising demand for AR/VR technology in various industries and is being increasingly adopted in a variety of industries, including gaming, healthcare, manufacturing, and education. For instance, in April 2023, Meta is launching a series of training workshops to show teachers in Poland how to use augmented reality (AR) and virtual reality (VR) in their classrooms, in collaboration with VR Heroes, one of the largest VR studios in Central and Eastern Europe and the National Research Institute. 

Major technology companies such as Apple, Google, and Microsoft are investing heavily in AR/VR technology and trying various strategies such as partnership, merger, acquisition and product launch. This is helping to drive the development of new and innovative AR/VR glasses products. For instance, Meta is the latest big tech company to introduce new smart eyewear that aims to combine fashion and function as tech's long-term vision for AR glasses is coming into focus. In September 2023, ray-ban and Meta launch the next generation of smart glasses. The new Ray-Ban I Meta smart glasses features Meta AI, advanced audio and camera capabilities, design customization opportunities, and expanded European distribution. The new collection offers the first ever eyewear with live streaming and Meta AI built-in, higher quality camera, and improved audio and microphone systems paired with a redesigned, more intuitive app and charging case.

Also Meta is working on, the new Quest 3 headset will be two times thinner and at least twice as powerful as the company's current model, Quest 2. It will also be slightly more expensive (Quest 2 retails for $400), employees were told during the presentation. The company also plans to have 41 new apps and games shipping for the Quest 3.

To Request a Sample of our Report on AR/VR Smart Glasses Market:  https://www.omrglobal.com/request-sample/ar-vr-smart-glasses-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By End User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes, Avegant Corp., Epson, Everysight Ltd., HTC Corp, Kopin Corp, Lumus Ltd., Optinvent, RealWear, Inc., Ricoh Company Ltd., and others.

AR/VR Smart Glasses Market Report Segment

By Type:

Optical See Through
Video See Through

By End user:

Gaming Industry
Healthcare
Education
Military & Defense
Other (Video Streaming and Farming)

A full Report of AR/VR Smart Glasses Market is Available @  https://www.omrglobal.com/industry-reports/ar-vr-smart-glasses-market

AR/VR Smart Glasses Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Avegant Corp.
Epson Korea Co., Ltd.
Everysight Ltd. 
Kopin Corp
Lumus Ltd.
Optinvent
RealWear, Inc.
Ricoh Company Ltd. 
Royole Corp
Seiko Epson Corp
Sony Corp.
Vuzix Corp.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ar-vr-smart-glasses-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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