Smart augmented reality glasses, also known as “Smart Augmented Reality (AR) Glasses” will grow by +48 annually by 2030, with about 13.3 million units sold.
This is stated in the report “Smart Augmented Reality (AR) Glasses – Global Strategic Business Report” by ResearchAndMarkets.com* published in globenewswire.com magazine.
Emphasis is placed on the transformative role of Augmented Reality (AR), which is revolutionizing sectors ranging from healthcare to defense.
A change fueled by the emergence of various types of AR glasses, which find application in different sectors that go beyond virtual reality (VR).
Let’s go into detail.
Sommario
Smart Glasses: unabated growth
As of 2022, the market for Smart Augmented Reality (AR) Glasses was estimated at $562.2 thousand.
The projected growth of 13.3 million units by 2030 was assumed based on the significant increase in technology and commercialization activities that fuel the development of smart augmented reality glasses.
In particular, a sharp leap forward occurred after the Covid 19 outbreak.
The latter marked an acceleration in the adoption of AR/VR glasses, particularly in the defense and healthcare sectors, highlighting the immense potential of AR-integrated smart glasses in providing innovative solutions.
Despite initial hurdles, the long-term prospects for smart AR glasses remain promising, with companies investing in next-generation technologies and hardware development.
Google’s path with Google Glass, including its enterprise-oriented edition, and Microsoft’s HoloLens are notable examples shaping the AR glasses market.
RealWear is also participating in this ever-growing path, with its increasingly advanced smart glasses models integrated with technologies that facilitate work in the field in multiple areas making it safe and beneficial in many ways.
Among the markets experiencing a surge in Smart Augmented Reality (AR) Glasses are:
- United States, with 357.6 thousand units in 2022;
- China, the world’s second largest economy, which is expected to reach a projected market size of 613.3 thousand by 2030;
- Japan and Canada, with projected annual growth of 46.7 percent and 51.8 percent, respectively, over the 2022-2030 period.
- In Europe, it is Germany that has the highest growth rate, at 46.9 percent annually.
In addition, the report provides an overview of market trends and drivers driving the adoption of AR Smart Glasses in various sectors, including health, industry, retail, and more.
This also includes technological developments such as the integration of 5G technology and the use of generative AI.
Smart glasses, an ever-evolving market
The unstoppable growth of smart glasses for AR, applied to different manufacturing sectors, highlights the innovative potential of such AR-integrated devices in providing advanced solutions.
The AR glasses market is constantly evolving, with a focus on innovation and partnerships to drive progress.
This dynamic is evidenced by intensifying global competition and the variety of real-world applications that are emerging.
For example, future challenges facing the Smart AR Glasses market include the implementation of an effective app ecosystem and laser beam scanning as a key enabler of future AR Glass technology.
Smart AR Glasses will benefit from the increasing focus on remote assistance, emerging as attractive options for improving business flow and efficiency.
A market on the rise, then, that will continue to revolutionize the business world in positive ways.
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References: *https://www.globenewswire.com/en/news-release/2024/02/20/2831621/28124/en/Global-Smart-Augmented-Reality-AR-Glasses-Strategic-Analysis-Report-2024-Why-AR-Smart-Glasses-Are-Emerging-as-Prudent-Choice-for-Various-Industry-Verticals.html *On ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source of international market research reports and market data.
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