Global AR Glasses Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2025 – [2023 UPDATE Available – Forecast 2023-2030*] (By Type Coverage, By Industry Coverage, By Geography, By Company)
Published Date: Nov 2021 |
| No. of Pages: 103
Industry: Information & Communications Technology | Author Name: Mohit
Rising need of enterprises for ease of operation and improve operational efficiency drives the AR glasses market. AR glasses are used to improve operational efficiency, safety and quality. Increase in investment of big companies in augmented reality technology fuels the AR glasses market growth.
The global AR glasses market is expected to be worth US$ 883.4 Mn by 2025 from US$ 143.8 Mn in 2017, registering a CAGR of 17.8% during the forecast period 2021-2025.
The enterprise AR glasses dominates the market, accounting for more than 90% share in 2020 and it is expected that it will account for 89.1% market share by 2025 . The COVID-19 pandemic has boosted the adoption of AR glasses among enterprises. Several law enforcement agencies are using AR glasses to identify people with high body temperature in public places, while some manufacturing and healthcare companies are using the devices to collaborate with remote experts.
Vendors are focusing to integrate advance technologies such as edge computing, cybersecurity, conversational platforms, collaboration tools and among others.
Enterprise AR glasses market is dominate by established vendors. Top 4 vendors in enterprise type has accounted for 79.8% share in 2020 while top 4 vendors in consumer type has accounted for 82.8% share in 2020 in terms of revenue.