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Report
AR and VR Smart Glasses Market Report by Type (Optical See Through, Video See Through), End Use (Gaming Industry, Healthcare, Education, Military and Defense, and Others), and Region 2024-2032
Market Report I 2024-03-02 I 144 Pages I IMARC Group
The global AR and VR smart glasses market size reached US$ 16.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 49.1 Billion by 2032, exhibiting a growth rate (CAGR) of 12.44% during 2024-2032.
VR (virtual reality) and AR (augmented reality) glasses refer to smart glasses that bridge the gap between the physical and digital worlds. AR glasses assist in changing images or modifying views of the real world while assisting users with everyday tasks and allowing them to express themselves more effectively. In contrast, VR glasses provide an immersive virtual experience, thus allowing users to feel the experience of being in an actual location. With AR and VR glasses, wearers can record still images, videos, and audio remotely, share their point of view in real-time, access information hands-free, exchange data, and augment their real world. Additionally, users can analyze information relevant to their surroundings through these glasses. As a result, AR and VR smart glasses can enhance and even replace existing technology solutions within enterprise supply chains, thereby enhancing workplace efficiency, productivity, and compliance.
AR and VR Smart Glasses Market Trends:
The market is majorly driven by the widespread adoption of AR and VR technology in numerous end-use industries, including e-commerce, healthcare, military and defense, and education. This can be attributed to continual advancements in artificial intelligence (AI), machine learning (ML) and the internet of things (IoT) in combination with big data and analytics. In line with this, the widespread demand for augmented and virtual reality games, along with the rising number of gamers, are resulting in a higher product uptake on the global level. Moreover, rapid digitization, the increasing penetration of high-speed 5G internet, and rapid developments in mobile applications are also creating a positive market outlook. The market is further driven by continual product innovations, such as the integration of 3D interactive content with 360-degree video, enhanced face and object tracking, and better speech recognition. Some of the other factors providing an impetus to the market include the emergence of industry 4.0, rapid industrialization, inflating disposable income levels and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global AR and VR smart glasses market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and end use.
Breakup by Type:
Optical See Through
Video See Through
Breakup by End Use:
Gaming Industry
Healthcare
Education
Military and Defense
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Avegant Corp., Everysight Ltd. (Elbit Systems Ltd.), HTC Corporation, Kopin Corporation, Microsoft Corporation, Optinvent, Seiko Epson Corporation, Sony Interactive Entertainment LLC (Sony Group Corporation) and Vuzix.
Key Questions Answered in This Report
1. What was the size of the global AR and VR smart glasses market in 2023?
2. What is the expected growth rate of the global AR and VR smart glasses market during 2024-2032?
3. What are the key factors driving the global AR and VR smart glasses market?
4. What has been the impact of COVID-19 on the global AR and VR smart glasses market?
5. What is the breakup of the global AR and VR smart glasses market based on type?
6. What is the breakup of the global AR and VR smart glasses market based on the end use?
7. What are the key regions in the global AR and VR smart glasses market?
8. Who are the key players/companies in the global AR and VR smart glasses market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global AR and VR Smart Glasses Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Optical See Through
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Video See Through
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End Use
7.1 Gaming Industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Healthcare
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Education
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Military and Defense
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Avegant Corp.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Everysight Ltd. (Elbit Systems Ltd.)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 HTC Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Kopin Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 Microsoft Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Optinvent
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Seiko Epson Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Sony Interactive Entertainment LLC (Sony Group Corporation)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Vuzix
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
Figure 1: Global: AR and VR Smart Glasses Market: Major Drivers and Challenges
Figure 2: Global: AR and VR Smart Glasses Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: AR and VR Smart Glasses Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: AR and VR Smart Glasses Market: Breakup by Type (in %), 2023
Figure 5: Global: AR and VR Smart Glasses Market: Breakup by End Use (in %), 2023
Figure 6: Global: AR and VR Smart Glasses Market: Breakup by Region (in %), 2023
Figure 7: Global: AR and VR Smart Glasses (Optical See Through) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: AR and VR Smart Glasses (Optical See Through) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: AR and VR Smart Glasses (Video See Through) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: AR and VR Smart Glasses (Video See Through) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: AR and VR Smart Glasses (Gaming Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: AR and VR Smart Glasses (Gaming Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: AR and VR Smart Glasses (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: AR and VR Smart Glasses (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: AR and VR Smart Glasses (Education) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: AR and VR Smart Glasses (Education) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: AR and VR Smart Glasses (Military and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: AR and VR Smart Glasses (Military and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: AR and VR Smart Glasses (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: AR and VR Smart Glasses (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: North America: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: North America: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: United States: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: United States: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Canada: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Canada: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Asia-Pacific: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Asia-Pacific: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: China: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: China: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Japan: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Japan: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: India: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: India: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: South Korea: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: South Korea: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Australia: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Australia: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Indonesia: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Indonesia: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Others: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Others: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Europe: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Europe: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Germany: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Germany: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: France: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: France: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: United Kingdom: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: United Kingdom: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Italy: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Italy: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Spain: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Spain: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Russia: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Russia: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Latin America: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Latin America: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Brazil: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Brazil: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Mexico: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Mexico: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Middle East and Africa: AR and VR Smart Glasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Middle East and Africa: AR and VR Smart Glasses Market: Breakup by Country (in %), 2023
Figure 69: Middle East and Africa: AR and VR Smart Glasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Global: AR and VR Smart Glasses Industry: SWOT Analysis
Figure 71: Global: AR and VR Smart Glasses Industry: Value Chain Analysis
Figure 72: Global: AR and VR Smart Glasses Industry: Porter's Five Forces Analysis
Table 1: Global: AR and VR Smart Glasses Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: AR and VR Smart Glasses Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: AR and VR Smart Glasses Market Forecast: Breakup by End Use (in Million US$), 2024-2032
Table 4: Global: AR and VR Smart Glasses Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: AR and VR Smart Glasses Market: Competitive Structure
Table 6: Global: AR and VR Smart Glasses Market: Key Players
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