Comprehensive AR And VR Smart Glasses Market Forecast 2023-2032: Growth Rate, Drivers, And Trends

The AR And VR Smart Glasses Global Market Report 2023 by The Business Research Company, provides ar and vr smart glasses market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s AR And VR Smart Glasses Global Market Report 2023, the global AR and VR smart glasses market size is expected to grow from $13.65 billion in 2022 to $15.93 billion in 2023 at a compound annual growth rate (CAGR) of 16.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AR and VR smart glasses market size is expected to reach $29.30 billion in 2027 at a CAGR of 16.4%.

An increasing number of gamers is expected to propel the growth of the AR and VR smart glasses market going forward. Gaming is the term used to describe the activity of playing video games online, on a dedicated gaming console, computer, or smartphone, and gamers are individuals who play video games. Smart glass is utilized as a head-up display to simulate a giant screen for gaming.

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The ar and vr smart glasses market is segmented:

1) By Device Type: Binocular, Monocular

2) By Product: Mobile Phone Smart Glasses, Integrated Smart Glasses, External Smart Glasses

3) By Type: Optical See Through, Video See Through

4) By End Use: Gaming Industry, Healthcare, Education, Military And Defense, Other End Users

Technological advancements are the key trends gaining popularity in the AR and VR smart glasses market. Major companies operating in the AR and VR smart glasses market are focused on developing innovative technological solutions to strengthen their position in the market. For instance, in October 2022, Seiko Epson Corporation, a Japan-based electronics company, launched the Moverio BT-45C and BT-45CS devices, the newest generation of Moverio augmented reality (AR) smart glasses. The latest Moverio models offer immersive, hands-free cooperation between on-site workers and remote specialists and are specifically designed for mission-critical operations such as troubleshooting, maintenance, inspection, and training. This helps to increase efficiency, improve safety, and decrease downtime. The Moverio BT-45C and BT-45CS are equipped with brand-new Si-OLED (organic light emitting diode) technology, a proprietary optical engine, and a binocular see-through Full HD display with a 34° field-of-view (FoV) to seamlessly integrate digital content with the outside world. They are also compatible with a wide range of collaboration and remote assistance software.

The ar and vr smart glasses market report table of contents includes: