IMARC Group, a leading market research company, has recently releases report titled "AR and VR Smart Glasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global AR and VR smart glasses market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.5% during 2023-2028.

AR (augmented reality) and VR (virtual reality) glasses represent smart glasses that bridge the gap between the digital and physical worlds. They can record videos, still images, and audio remotely, share their point of view in real-time, exchange data, access information hands-free, etc. AR glasses aid users with everyday tasks and allow them to express themselves more effectively. VR glasses offer an immersive virtual experience, thereby enabling individuals to feel the experience of being in an actual location. In line with this, they can enhance and even replace existing technology solutions within enterprise supply chains. These glasses improve workplace efficiency, productivity, compliance, etc.

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AR and VR Smart Glasses Market Trends and Drivers:

The growing demand for augmented and virtual reality games and the increasing number of gamers are primarily driving the AR and VR smart glasses market. Additionally, the rising penetration of high-speed 5G internet, the inflating digitization, and continuous advancements in mobile applications are further bolstering the market growth. Besides this, the widespread adoption of AR and VR technology in several industries, including healthcare, military and defense, e-commerce, education, etc., is acting as another significant growth-inducing factor. Moreover, key market players are integrating Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) with big data and analytics, which is positively influencing the global market. Apart from this, extensive investments in R&D activities are also stimulating the market growth. Furthermore, the development of 3D interactive content with enhanced face and object tracking, 360-degree video, and better speech recognition is projected to fuel the AR and VR smart glasses market in the coming years.

AR and VR Smart Glasses Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Avegant Corp.

• Everysight Ltd. (Elbit Systems Ltd.)

• HTC Corporation

• Kopin Corporation

• Microsoft Corporation

• Optinvent

• Seiko Epson Corporation

• Sony Interactive Entertainment LLC (Sony Group Corporation)

• Vuzix.

The report has segmented the market on the basis of 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

Key highlights of the report:

• Market Performance

• Market Outlook

• Porter's Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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