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Global Smart Glasses for Industrial Applications 2016-2020

About Smart Glasses Market for Industrial Applications

Smart glasses are AR devices that are widely regarded as the next big technological advance, following Google's launch of the Google Glass project. They are more comfortable to wear and can be used constantly, unlike other devices. Smart glasses are also used for industrial purposes such as reading manuals, checking the status of a system, and detecting possible errors.

There are many industrial applications for smart glasses. Manufacturing, service and maintenance, and construction are some of the sectors that might be the first to adopt them. In service and maintenance plants, it is easier to pull up a virtual manual while repairing an engine than to hold one in hand. Smart glasses can provide a step-by-step guide on repairing an engine along with videos, making the job easier for technicians. Viewing 3D designs of buildings during construction and comparing them with actual buildings are also easier with smart glasses. An architect can compare original designs side by side with the actual building and analyze the progress of the construction.

Technavio’s analysts forecast the global smart glasses market to grow at a CAGR of 146.3% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart glasses market for industrial applications for the period 2015-2020. To calculate the market size, the report covers the sales of smart glasses for industrial applications.

The market is divided into the following segments based on geography:

  • APAC
  • Americas
  • EMEA
Technavio's report, Global Smart Glasses Market for Industrial Applications 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atheer
  • Laster Technologies
  • Lumus
  • Meta
  • Osterhout Design Group
  • Optinvent
  • Penny
  • Recon
Market driver
  • Increased vendor participation
  • For a full, detailed list, view our report
Market challenge
  • High prices
  • For a full, detailed list, view our report
Market trend
  • Crowdfunding
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Glasses Market for Industrial Applications 2016-2020

Technavio recognizes the following companies as the key players in the Global Smart Glasses Market for Industrial Applications: Atheer, Imagine Mobile Augmented Reality, Konica Minolta, Laster Technologies, Lumus, Meta, Osterhout Design Group, Optinvent, Penny, Recon, Six15 Technologies, Technical Illusions and Vuzix.

Commenting on the report, an analyst from Technavio’s team said: “Several AR vendors have made use of crowdfunding to raise money for their projects. This benefits the market in several ways. It increases awareness among potential customers. Crowdfunding also encourages new vendors to enter the market, leading to increased competition and lower product prices.”

According to the report, an increasing number of vendors are showing interest in developing smart glasses. This increased participation from several firms highlights the importance attached to smart glasses as a major medium for AR. This market is still in its early stages and will benefit significantly as more vendors enter. Vendor participation will result in increased awareness about smart glasses among customers, who will have several options to choose from.

Further, the report states that the cost of smart glasses is a major concern for consumers.

Companies Mentioned

Atheer, Imagine Mobile Augmented Reality, Konica Minolta, Laster Technologies, Lumus, Meta, Osterhout Design Group, Optinvent, Penny, Recon, Six15 Technologies, Technical Illusions, Vuzix.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Smart glasses market value chain
  • Market landscape
    • Market size and forecast by volume
      • Table Global smart glasses market for industrial applications 2015-2020 (millions of units)
    • ASP trend
      • Table ASPs of smart glasses for industrial applications ($)
    • Market size and forecast by revenue
      • Table Global smart glasses market for industrial applications 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
  • Market drivers
    • Increased vendor participation
    • Ease of use
    • Increased developer interest
    • Decline in ASP
    • Use of SLAM technology for AR
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High prices
    • Low value addition
    • Regulations
    • Connectivity
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Crowdfunding
    • Initiatives such as BYOD and COPE
    • Depth-sensing cameras
  • Vendor landscape
    • Competitive scenario
    • Key vendors
      • Table Optinvent: Comparison of ORA smart glasses with other smart glasses
  • Appendix
    • List of abbreviations
  • Explore Technavio

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