Global Smart Glasses Market to grow at a CAGR of 146.3% during the period 2016 - 2020; Finds New Report

Report forecast the global smart glasses market to grow at a CAGR of 146.3% during the period 2016-2020.

Smart glasses are AR devices that are widely regarded as the next big technological advance, following Google's launch of the Google Glass project. They are more comfortable to wear and can be used constantly, unlike other devices. Smart glasses are also used for industrial purposes such as reading manuals, checking the status of a system, and detecting possible errors.

There are many industrial applications for smart glasses. Manufacturing, service and maintenance, and construction are some of the sectors that might be the first to adopt them. In service and maintenance plants, it is easier to pull up a virtual manual while repairing an engine than to hold one in hand. Smart glasses can provide a step-by-step guide on repairing an engine along with videos, making the job easier for technicians.

Viewing 3D designs of buildings during construction and comparing them with actual buildings are also easier with smart glasses. An architect can compare original designs side by side with the actual building and analyze the progress of the construction.

The report covers the present scenario and the growth prospects of the global smart glasses market for industrial applications for the period 2015-2020. To calculate the market size, the report covers the sales of smart glasses for industrial applications.

The market is divided into the following segments based on geography:

• APAC
• Americas
• EMEA

According to the report, an increasing number of vendors are showing interest in developing smart glasses. This increased participation from several firms highlights the importance attached to smart glasses as a major medium for AR. This market is still in its early stages and will benefit significantly as more vendors enter. Vendor participation will result in increased awareness about smart glasses among customers, who will have several options to choose from.

Further, the report states that the cost of smart glasses is a major concern for consumers.

Global Smart Glasses Market for Industrial Applications 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Smart Glasses Market for Industrial Applications:  Atheer, Imagine Mobile Augmented Reality, Konica Minolta, Laster Technologies, Lumus, Meta, Osterhout Design Group, Optinvent, Penny, Recon, Six15 Technologies, Technical Illusions and Vuzix.

Market driver

• Increased vendor participation
• For a full, detailed list, view our report

Market challenge

• High prices
• For a full, detailed list, view our report

Market trend

• Crowdfunding
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 39 pages and 08 Exhibit “Global Smart Glasses for Industrial Applications 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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