Augmented & Virtual Reality Eyeglass Market - Forecast(2021 - 2026)

 Global AR and VR Eyeglass Market size is forecast to reach $3.6 Billion by 2025, growing at a CAGR of 23.6% during the forecast period from 2020 to 2025. The AR and VR Eyeglass market is driven primarily by the factors such as increasing adoption from medical industry due to its demanding medical applications, rising usage of head-mounted displays for real time navigation in automotive sector will drive the AR and VR Eyeglasses Industry. Moreover, rising technological growth such as incorporating smartphone and smart devices connectivity within the eyeglasses is also helping in boosting its market growth by higher adoption across various industries. High dependency towards cloud technology is also causing a positive impact on the market growth of AR and VR eyeglass industry. However issues with Vergence Accommodation Conflict and limitations with optical tracking system will hinder market growth.

Report Coverage
The report: “AR and VR Eyeglass Industry Outlook – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the AR and VR Eyeglass Market Report. 

By Type: Augmented reality glasses, Virtual reality glasses & AR and VR mixed glasses
By End Users: Automotive, Healthcare, Aerospace & Defense, Media & Entertainment, Retail, Ecommerce, Education& Others
By Component: Display (Optical Display & Video Display) ,Controller, Microcontroller & Others
By Application: Gaming,Virtual training, Disease detection, Sports, Thermal vision, Concerts and events,Remote communication& Others
By Geography: North America(U.S, Canada &Mexico), South America(Brazil, Argentina,Venezuela & Others), Europe(U.K, Germany, Italy, France, Spain, Netherlands  Others), Asia-Pacific (China,Japan, India,South Korea, Australia& Others), Middle East and Africa.


Key Takeaways:

  • Augmented reality glasses have been facing high dominance in the augmented and virtual reality eyeglass market owing to the high deployments in medical applications.

  • Sony Corporation and Seiko Epson Corporation are some of the key players who have helped APAC region towards significant market growth of augmented and virtual reality eyeglass.

  • Rising adoption from healthcare sector along with growing technology advancements are some of the major driving factors affecting the growth of augmented and virtual reality eyeglass market.


Type - Segment Analysis
With rapid technology advancements and growing adoption towards augmented reality devices, augmented reality eye glasses have been facing huge dominance in the market during 2019. Augmented reality eyeglasses are being combined with innovative technologies like smart phone connectivity, which is further boosting its market growth. Moreover, augmented reality eyeglasses are facing high demands from major industry verticals due to higher efficiency and better features.

Adoption of augmented reality eyeglasses to perform medical tasks like surgeries, disease detection, diagnose reports and many others have been rising across the medical industry. Due to its demanding medical applications causing medical treatment procedure improvements, medical sector has been contributing with major shares in the augmented and virtual reality eyeglass market. Usage of augmented reality glasses helps in improving as well increasing industrial workflows, with lesser chances of human error causing significant market growth.


Geography - Segment Analysis

Asia Pacific is expected to have a major growth in the global augmented and virtual reality eyeglass market during the forecast period from 2020 to 2025. Presence of some major players such as Sony Corporation, HTC Corporation and Seiko Epson Corporation has been helping the region to have a significant market growth. Increasing investments towards research and development activities and growing adoption towards augmented and virtual reality based devices have been also helping to propel the market demand in this region. Moreover, higher penetration of smartphones and rising demands across various industries are some of the factors driving the market growth.

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Location: United States

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