The smart augmented reality (AR) glasses market is a combination of different technologies, from simple head-up displays (HUDs) like Google Glass that act as a second screen, readily accessible with a glance, displaying text or images, to more complex holographic display technologies like the Microsoft HoloLens or Magic Leap that provide immersive and tangible experiences. While many would consider the Magic Leap and HoloLens in a different league from Google Glass, in essence, all of them provide an AR experience, layering elements in a user’s field of view (FOV), on top of the real world.
According to a new report from Tractica, shipments of smart AR glasses will increase from 114,000 units worldwide in 2015 to nearly 5.4 million units annually by 2020, totaling 12.2 million shipments during that timeframe.
“The smart glasses market is enjoying a period of tremendous innovation,” says research director Aditya Kaul. “Despite Google’s decision to go back to the drawing board and redesign Google Glass, other vendors have ramped up their activity significantly, with some releasing second- or third-generation HUD-type smart AR glasses products and others stretching the boundaries of AR by providing 3D or 4D features. Notable innovators in this sector include Vuzix, Epson, Sony, Meta, Atheer Labs, DAQRI, and Recon Instruments.”
Tractica’s report, “Smart Augmented Reality Glasses”, covers the various types of smart AR glasses products, from simple HUDs to mixed reality (MR) holographic displays and smart helmets. The different application markets for smart AR glasses that are covered in depth include consumer, enterprise, industrial, public safety, and healthcare. Market forecasts are included for the period from 2013 to 2020. An Executive Summary of the report is available for free download on the firm’s website.