Smart Glasses Market to Reach $6.56 Billion by 2021
Earlier this week, an article by Zion Market Research was released. This report discussed a researched report which stated the global smart glasses market is predicted to grow at a compound annual growth rate (CAGR) of 19.0% between 2016 and 2021. The market is 2015 was valued at $2.1 billion however this figure is set to rise and expected to reach $6.56 billion by 2021.
Significant points from the report include:
- Government support coupled with large investment in the automobile industry
- Innovative products accelerates the demand for the smart glasses market
- There is an increasing demand for eco-friendly and energy efficient products
- There is a reduced maintenance in cost and cost efficiency
The Smart Glasses market is split up into many different sections. Firstly the Technology Segment Analysis is made up from: Electrochromic, Thermochromics, SPD and PDLC.
The application of segments:
- Transportation
- Electronics
- Architecture
- Solar Power Generation
- Other
The regional segments are:
- North America
- Europe
- Asia-pacific
- Latin America
- Middle East
- Africa
Companies that make up this market share include:
- Smart Glasses International Ltd
- Raven Brick LLC
- Glass Apps
- Gentex Corp
- AGC ltd
- Research Frontiers
- SAGE Electrochromics
- Pleotint LLC
- Hitachi Chemicals Co. Ltd
Free samples of the report can be requested here.