Recently, some new market reports have been released concerning Augmented Reality and Smart Glasses markets. Three have been rounded up here:
The first report was by Zion Market Research, which included:
- Augmented Reality (Sensor, Display and Software) Market for Aerospace & Defense, Industrial, Consumer, Commercial, E-Commerce, Retail and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021’
- In 2015, global demand for the AR market was valued at approximately $3.33 billion
- It is predicted that the AR market global demand will reach around $133.78 billion in 2021
- This means the global demand for the AR market will increase at a compound annual growth rate of over 85.2% from 2016 to 2021
The second report was by Future Market Insights, which included:
- ‘Smart Glass Market: Global Industry Analysis and Opportunity Assessment 2015-2025’
- The global smart glasses market is expected to grow significantly up to 2025
- Driving factors for the market include: increased adoption of ‘green’ initiatives (e.g. eco-friendly buildings), and increased demand for smart tech in the automobile and aviation industries
The third report was by 360 Market Updates, which included:
- ‘Global Smart Glasses Market 2016 – 2020’
- The smart glasses market is predicted to increase at a compound annual growth rate of 19.88% from 2016 to 2020
- Market drivers include: increased awareness of AR tech, increased developer interest, and proliferation of AR mobile applications
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Source: Round up of Global AR and Smart Glasses Market Reports
