Global Smart Augmented Reality (AR) Glasses Industry

Global Smart Augmented Reality (AR) Glasses Industry

  • July 2020 •
  • 152 pages •
  • Report ID: 5205344 •
  • Format: PDF
Global Smart Augmented Reality (AR) Glasses Market to Reach 31.1 Million Units by 2027

Amid the COVID-19 crisis, the global market for Smart Augmented Reality (AR) Glasses estimated at 207.3 Thousand Units in the year 2020, is projected to reach a revised size of 31.1 Million Units by 2027, growing at a CAGR of 104.6% over the analysis period 2020-2027. Simple Assisted Reality Glasses, one of the segments analyzed in the report, is projected to record a 101.9% CAGR and reach 12.3 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the MR Holographic Displays segment is readjusted to a revised 113.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at 64.2 Thousand Units, While China is Forecast to Grow at 98.3% CAGR

The Smart Augmented Reality (AR) Glasses market in the U.S. is estimated at 64.2 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 4.4 Million Units by the year 2027 trailing a CAGR of 98.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 93.8% and 89.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 70.7% CAGR.

Smart Helmets Segment to Record 93.6% CAGR

In the global Smart Helmets segment, USA, Canada, Japan, China and Europe will drive the 93.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 39.2 Thousand Units in the year 2020 will reach a projected size of 4 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 4.1 Million Units by the year 2027.We bring years of research experience to this 18th edition of our report. The 152-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Atheer Inc.
  • Avegant Corp.
  • Daqri
  • Epson America Inc.
  • Everysight LTD
  • GlassUp
  • Google Inc.
  • Laforge Optical
  • Laster Technologies
  • Lumus Ltd.
  • Magic Leap Inc.
  • Meta Company
  • Microsoft Corp.
  • NVIS Inc.
  • Optinvent SA
  • Osterhout Design Group
  • Penny AB
  • Recon Instruments Inc.
  • Sony Corporation
  • Sulon Technologies Inc.
  • Tobii AB
  • Trivisio
  • Upskill
  • Vrvana Inc. Vuzix Corporation