05-Sep-2018 | Zion Market Research
With the presence of a large pool of participants, the global smart eyewear technology market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Microsoft Corporation, Google Incorporation, and Sony Corporation are some of the key vendors of smart eyewear technology across the world. These players across smart eyewear technology market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the smart eyewear technology market study.
Citing an instance, in June 2018, OSRAM Licht AG displayed eyewear equipment characterized by Human Centric Lightning at Boston TechJam. Reportedly, the eyewear equipped with LED reproduces myriad levels of daylight for human body to adjust to various environments. For the record, the new equipment was provided to German ski team during 2018 winter Olympics along with BMW Motor Sport team.
This review is based on a report by Zion Market Research, titled “Smart Eyewear Technology Market by Technology (Augmented Reality, Virtual Reality and Other) by Product Type (Head-Mounted Displays, Assisted Reality Glasses, Mixed Reality Holographic Displays, Smart Helmets and Others) for Consumer Electronics, Healthcare, Enterprise and Industrial Applications and Other Application: Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 – 2025.”- Report at http://www.zionmarketresearch.com/report/smart-eyewear-technology-market
As estimated in this report, the global smart eyewear technology market stood at US$ 3, 6530 million in 2016. Witnessing a tremendous rise during the period from 2017 to 2025, the revenue in this smart eyewear technology market is expected to reach US$ 63,650 million by the end of the forecast period. The main products available in this smart eyewear technology market are head-mounted displays, smart helmets, assisted reality glasses, and mixed reality holographic displays. Among the four, the demand for head-mounted displays is relatively higher and the trend is anticipated to remain so over the next few years, notes the smart eyewear technology market research report.
Wide VR Technology Trends & Increasing Gaming Activities To Soar Growth
“Factors such as growing trend of virtual reality supported through lucrative investments in new technologies by industry behemoths are anticipated to chart a profitable roadmap for smart eyewear technology market in the near future,” says the author of this smart eyewear technology market study. Apart from this, immense popularity of head-mounted displays across gaming & entertainment sectors will further boost the smart eyewear technology market demand in the years ahead. Furthermore, rise in the product applications across consumer electronics, healthcare, and enterprise & industrial sectors will further catapult the business scope.
High Internet Penetration To Support North America Maintain Dominance
Regionally, North America has been leading the worldwide smart eyewear technology market and is anticipated to continue on the dominant position in the years to come, states the smart eyewear technology market study. High internet penetration along with massive use of new technologies such as AR and VR technology in the region is the main factor behind the dominance of the North America smart eyewear technology market. The presence of reputed players such as Google, Facebook, and Microsoft in North America is another significant factor that is supporting the growth of this regional smart eyewear technology market.
The global smart eyewear technology market is segmented as follows:
By Distribution Channel
By Operating System
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