About Mobile Augmented Reality
Smart glasses are devices that are fitted with a small display and can also be used as conventional glasses. Smart glasses are a sleeker version of HMD and while the functioning of smart glasses is similar to HMDs, they also have a see-through display and look like a pair of normal glasses. The adoption of smart glasses is expected to increase significantly among enterprises and individual consumers for various applications in healthcare, industrial use, and logistics, among others.
Technavio's analysts forecast the Global Smart Glasses market for Augmented Reality to grow at a CAGR of 194.2 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the Global Smart Glasses market for Augmented Reality for the period 2015–2019. The report covers the overall ecosystem of the Global Smart Glasses market for Augmented Reality which includes engine providers, software application developers, and smart glasses OEMs. In addition, the report discusses the major drivers, challenges, and trends that influence the growth of the market.
Technavio's report, the Global Smart Glasses Market for Augmented Reality 2015-2019, has been prepared based on an in-depth market analysis, with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the landscape of the Global Smart Glasses market for Augmented Reality and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Smart Glasses Market for Augmented Reality 2015-2019
Technavio recognizes the following companies as the key players in Global Smart Glasses Market for Augmented Reality 2015-2019: castAR, Epson, Laster, Lumus, ODG, Penny AB (c wear), Recon, Six15 Technologies, Theia, Vuzix
Commenting on the report, an analyst from Technavio’s team said: “Several AR vendors have used crowdfunding to raise capital for their projects. This has benefitted the market in several ways. First, it increases awareness among potential customers. Second, it encourages new vendors to enter the market, which will increase competition and decrease prices. Third, it allows vendors to anticipate the demand for their products, directly communicate with potential buyers, and involve them in the product development stage. This can help vendors to build the right products for the market.”
According to the report, an increasing number of vendors are showing interest in developing smart glasses. New products are being launched in 2015 by Vuzix, Sony, ODG, GlassUp, Meta, and several others. Electronic giants such as Microsoft, Samsung, LG, Baidu, Toshiba, and Canon are also investing in smart glasses that are expected to be launched by the end of 2015. This increased participation from several firms signifies the importance attached to smart glasses as a major medium for AR.
Further, the report states that the design of smart glasses is the main reason that their entry into the market has been delayed.
castAR, Epson, Laster, Lumus, ODG, Penny AB (c wear), Recon, Six15 Technologies, Theia, Vuzix