Smart Eyewear Technology Market: Increasing Penetration Of Technology An Internet To Boost The Market

16-Mar-2018 | Zion Market Research

The latest report by the Zion Market Research on the “Smart Eyewear Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2025" has an enormous data related to the market and its capability. The global market for smart eyewear technology was capitalized at USD 365 Million in the year 2016 and anticipated to reach USD 63,650 Million by the end of 2025 with the predictable CAGR of over 39% from the years 2017 to 2025.

Increasing investment by major companies in new techs and rising acceptance of virtual reality technology are anticipated to push the development of the market for smart eyewear technology. In addition to this, increasing requirement for head-mounted screens in entertainment and gaming segments is a main boosting factor for the market of smart eyewear technology.

As per our research analyst, virtual reality sector will carry on to rule the market in the near future. Increasing penetration of technology such as Fuzor, Unreal Engine, HoloLens, Oculus Rift, and others all over many industries such as healthcare, retail, consumer electronics, e-commerce, and automotive is expected to boost the virtual reality domain.

The HoloLens from Microsoft’s will result in the development of mixed reality gadgets owing to functions such as advanced optics, multiple sensors, and a processing unit for custom holographic that allow going further than the screen. This reason will act as the main driving factor for the market of mixed reality. The domain of Head-Mounted Displays grabbed the biggest share of the market in 2016. Increasing employment of smart glasses in industries is one of the main drivers for this sector.

The android sector is anticipated to develop with biggest CAGR in the near future. According to data, Android grabbed 81.7% share of the market in 2016 into handsets. This is because Android is a middleware framework and an open source OS for smart devices. Consumer Electronic sector ruled the market for smart eyewear technology in 2016. This is majorly boosted by evolving more interconnected lifestyles and increasing per capita income, which is anticipated to drive the consumer electronics goods.

North America added up to the biggest share of the market for smart eyewear technology. The attendance of major global companies (Facebook, Google, and Microsoft) in the area and high penetration of Internet will carry on its authority in the market.

The main players in the global smart eyewear technology market are Sony Corporation, Google Inc, and Microsoft Corporation.

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