AR and VR Smart Glass Market Report: Trends, Forecast and Competitive Analysis to 2030

AR and VR Smart Glass Trends and Forecast

The future of the global AR and VR smart glass market looks promising with opportunities in the education, gaming, industrial, and military markets. The global AR and VR smart glass market is expected to reach an estimated $22.8 billion by 2030 with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are growing adoption of AR/VR technology in the gaming industry, rising trend of industry 4.0, and decreasing prices of AR and VR smart glasses.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

AR and VR Smart Glass by Segment

The study includes a forecast for the global AR and VR smart glass by product, device type, application, and region.

AR and VR Smart Glass Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Mobile Phone Smart Glasses
• Integrated Smart Glasses
• External Smart Glasses

AR and VR Smart Glass Market by Device Type [Shipment Analysis by Value from 2018 to 2030]:

• Binocular
• Monocular

AR and VR Smart Glass Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Education
• Gaming
• Industrial
• Military
• Others

AR and VR Smart Glass Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of AR and VR Smart Glass Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AR and VR smart glass companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AR and VR smart glass companies profiled in this report include-

• Optinvent
• Kopin
• Epson
• Royole
• Vuzix
• Lumus
• Everysight

AR and VR Smart Glass Market Insights

Lucintel forecasts that external smart glass will remain the largest segment over the forecast period due to the increased use of gaming as well as applications.

Within this market, gaming will remain the largest segment due to rising number of gamers who use technology of AR and VR smart glasses to determine safety and security, in order to enhance operational efficiency.

APAC is expected to witness highest growth over the forecast period due to the growing use of smart glasses in industries like manufacturing and industry sectors.

Features of the Global AR and VR Smart Glass Market

Market Size Estimates: AR and VR smart glass market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: AR and VR smart glass market size by product, device type, application, and region in terms of value ($B).

Regional Analysis: AR and VR smart glass market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, device types, applications, and regions for the AR and VR smart glass market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AR and VR smart glass market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the AR and VR smart glass market size?

Answer: The global AR and VR smart glass market is expected to reach an estimated $22.8 billion by 2030.

Q2. What is the growth forecast for AR and VR smart glass market?

Answer: The global AR and VR smart glass market is expected to grow with a CAGR of 15.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the AR and VR smart glass market?

Answer: The major drivers for this market are growing adoption of AR/VR technology in the gaming industry, rising trend of industry 4.0, and decreasing prices of AR and VR smart glasses.

Q4. What are the major segments for AR and VR smart glass market?

Answer: The future of the AR and VR smart glass market looks promising with opportunities in the education, gaming, industrial, and military markets.

Q5. Who are the key AR and VR smart glass market companies?

Answer: Some of the key AR and VR smart glass companies are as follows:

• Optinvent
• Kopin
• Epson
• Royole
• Vuzix
• Lumus
• Everysight

Q6. Which AR and VR smart glass market segment will be the largest in future?

Answer: Lucintel forecasts that external smart glass will remain the largest segment over the forecast period due to the increased use of gaming as well as applications.

Q7. In AR and VR smart glass market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to the growing use of smart glasses in industries like manufacturing and industry sectors.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the AR and VR smart glass market by product (mobile phone smart glasses, integrated smart glasses, and external smart glasses), device type (binocular and monocular), application (education, gaming, industrial, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?