Global smart AR glasses market ‘poised for rapid growth

The global market for smart augmented reality (AR) glasses has struggled taking off even after few years of pilots, implementations, and a lot of hype. A new report by Tractica has revealed that smart AR glasses market is gaining traction as it inches away from being a niche product to becoming an industrial and enterprise problem solver.

While consumer adoption is elusive, the market is building its ecosystem, refining hardware, and taking a more realistic approach for the long-run ramp-up of smart AR glasses.

Tractica forecast global market for smart AR glasses will grow to 19.7 million units annually by 2025, representing a compound annual growth rate (CAGR) of 112.4%.

Tractica’s report, “Smart Augmented Reality Glasses”, covers the various types of smart AR glasses, from simple assisted reality glasses to mixed reality holographic displays. Over 20 profiles of hardware and software vendors are provided, with an additional 50-plus companies included in extended lists of industry participants. This report also provides market forecasts from 2018 to 2025 for smart AR glasses with data segmented by region, application market, and connectivity technology. The firm’s website also provides an Executive Summary of the report for free download.

Last month, a report from ABI Research suggests more than 80 new companies have joined the AR and virtual reality (VR) spaces all looking at new services and verticals as key to an immersive future in which they want a part. The report surveyed 50 AR/MR and VR providers, where HTC and Oculus were the key leading players in the field of VR, whereas Realwear, HoloLens, and Vuzix are primary smart glass providers in AR.