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The global smart glasses market should reach about $20.0 billion by 2022 from $340.4 million in 2017 at a compound annual growth rate (CAGR) of 125.8%, from 2017 to 2022

  (February 12, 2018)

NEW YORK, Fev. 12, 2018 /PRNewswire/ -- The global smart glasses market should reach about $20.0 billion by 2022 from $340.4 million in 2017 at a compound annual growth rate (CAGR) of 125.8%, from 2017 to 2022.

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The market for monocular smart glasses is expected to grow from $225.9 million in 2017 to $9.3 billion in 2022 at a CAGR of 110.4% for the period 2017-2022.
The market for monocular smart glasses is expected to grow from $114.5 million in 2017 to $10.7 billion in 2022 at a CAGR of 147.7% for the period 2017-2022.

Chapter 1: Introduction
Smart glasses refer to wearable computing devices that add information to what the user sees. These devices function in a way similar to mobile phones and tablets and have the ability of processing and implementing various programs and applications. A majority of the smart glasses currently used in the market are embedded with touch and voice command features.

In general, smart glasses cover both the virtual reality (VR) headsets and augmented reality (AR) headsets. In VR, the user is completely submerged in a virtual environment, whereas in AR, the digital information is projected on top of the real world.

Augmented reality glasses are stand-alone devices while virtual reality devices need to be supported by other electronic devices such as smart phones, computers, and gaming consoles. Hence, in this report, the scope considered under smart glasses includes only augmented reality glasses, as they are equipped with computational capabilities and stand-alone devices. Since VR glasses do not have computational capabilities, they have not been considered as "smart glasses".

The global smart glasses market has been segmented on the basis of their form factor, operating system, display technology, applications, and geography. Based on form factor, the smart glasses market has been segmented into monocular smart glasses and binocular smart glasses. Based on operating system, the smart glasses market has been segmented into android-based glasses, windows operated glasses, and others. The smart glasses market based on display type has been segmented into diffractive waveguide displays, holographic display, polarized waveguide display, and others.

The applications segment of the smart glasses market is generally categorized into consumer applications and enterprise applications. The enterprise application segment of smart glasses market has been further categorized into manufacturing, healthcare, military & defense, warehouse, construction & architecture, and others. Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

The report also provides the company profiles of the major manufacturers operating in the smart glasses market. Some of the companies profiled in the report include DAQRI, Epson Corporation, Alphabet Inc., Lenovo Corporation, Vuzix, Microsoft Corporation, Magic Leap, Recon Instruments, Sony Corporation, and Osterhaut Design Group (ODG).

The report analyzes the growth, market size, and opportunities in the global smart glasses market in terms of form factor, display technology, operating systems, applications, and regions including North America, Europe, Asia-Pacific and RoW (including South America and Middle East & Africa). The report discusses the market dynamics of the smart glasses market and includes forecasted revenue through 2022.

Study Goals and Objectives
Define the global smart glasses market.
Analyze the market by form factor, display technology, operating system, and application.
Estimate market revenues of the global smart glasses market by region.
Identify market drives, restraints, and other forces impacting the global smart glasses market.
Study of various applications of smart glasses.
Discuss opportunities with respect to form factor, display technology, operating system, application, and regions.
Profile major players and discuss their products and strategies.

Scope of Report
In this report, the market has been segmented based on form factor, display technology, operating system, application, and geography. The report covers the overview of the global market for smart glasses and analyses the market trends, considering base year of 2016 and estimates for 2017 to 2022. Revenue forecasts from 2017 to 2022 for segmentation on the basis of form factor, operating system, applications and geography have been estimated with values derived from manufacturers' total revenues.

The report also includes a section on the major players in the market. Further it explains the major drivers, competitive landscape, and current trends of the smart glasses market. The report concludes with a detailed focus on the smart glasses vendor landscape and includes detailed profiles of the major players operating in the global smart glasses market.

Intended Audiences The report will be of interest to the following audience:
Product suppliers.
Component manufacturers.
Research Institutes.
Private organizations.
Government agencies.
Independent consultants.
Raw material providers.

Information Sources

The various sources used to obtain the information required for this study are as follows:
Primary sources
o Selected experts from related industries
o Market leaders
Secondary sources
o Industry publications
o Company websites
o Directories
o Research papers
o White papers
o Databases such as OneSource, Factiva, Bloomberg, SEC filings.

The report used both primary and secondary sources. Primary sources included industry experts from core and related industries, as well as those affiliated with suppliers, manufacturers, distributors, administrators, solution providers, technology developers, associations, and other related segments of the industry value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information, as well as to assess future prospects.

Secondary sources include various directories, white papers, technology blogs, and other databases.
Top-down approach was used to estimate and validate the size of the smart glasses market. The key market players were identified through secondary research while formulating the industry value chain, and their market revenues were determined through primary and secondary research. This includes the analysis of the annual business and financial reports of top market players, as well as extensive interviews with CEOs, Directors, Vice-Presidents, and marketing executives.

The geographical split was determined using secondary sources and verified through primary sources. It is based on various parameters such as presence of key players, sales partners, and distribution networks. The report also analyzed the extent of research activity occurring across the different regions. The total market size was validated through revenue and revenue shares of companies in the smart glasses market were used to establish the total market size. This overall market size was used in topdown procedure to arrive at the market size of all the individual segments.

Geographic Breakdown

In this report, the geographic regions considered for market analysis include:
North America
o US
o Canada
o Mexico
o Germany
o UK
o France
o Rest of Europe
o China
o Japan
o South Korea
o Rest of Asia-Pacific

Smart Glasses Market, by Form Factor
Monocular smart glasses
Binocular smart glasses

Smart Glasses Market, by Operating System
Android based devices
Windows based devices
Other operating system devices

Smart Glasses Market, by Display Technology
Diffractive waveguide
Holographic waveguide
Polarized waveguide
Reflective waveguide

Smart Glasses Market, by Application
Consumer Enterprise
Military & Defense
Construction and Architects

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