Round up of Global AR and Smart Glasses Market Reports
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