AR Smart Glasses Market: Advancing Technologies propel Demands

AR Smart Glasses Market_Inkwood Research

Augmented reality (AR) is becoming an important technology globally and bridging the gap between the physical and digital worlds. The use of smart glasses enables hands-free access to information and computing, and with the use of the right software applications, they have the potential to offer undeniable benefits to both enterprise users and consumers. According to Inkwood Research’s analysis, the global AR smart glasses market is set to surge with a 20% CAGR during the forecast period, 2023-2032.

AR smart glasses integrate cameras, computers, and sensors to deliver the perfect AR experience. In addition, the embedded eye-tracking sensors in smart glasses help in overlaying information. The smart glasses onboard computers process all the information collected, displayed through the mini-projectors that cast the virtual information onto the physical world. Smart glasses access information through several platforms and applications that ease their operation.

Tech Advancements propel Smart Glasses Demands

The adoption of smart glasses in enterprises is largely driven by the need for real-time assistance and training and by the need of companies to improve their return on investments. The real-time data fed to the smart glasses user can significantly improve productivity and efficiency. Besides, smart glasses from prominent players in the market access information from mobile devices and the Cloud and perform hands-free operations in the field. When connected through relevant AR platforms, these smart glasses also help in machine monitoring and information management.

An example of productivity and efficiency improvement through smart glasses includes a project conducted by Boeing. The company used Google Glass to construct wire harnesses and was thereby able to reduce the production time significantly. Boeing was also able to reduce the errors by half. Technicians in Airbus have also been using smart glasses in partnership with Accenture to enable millimeter-precise positioning during the cabin installation marking process.

Furthermore, the collaborations in the space could provide further opportunities for market growth during the forecast period. For instance, in May 2021, Trigger, an extended reality (XR) agency that creates virtual reality (VR), mixed reality (MR), augmented reality (AR), and experiences for major enterprises, announced its decision to join as a development partner in the exclusive Global XR Content Telco Alliance. The global XR Content Telco Alliance intends to invest in high-quality XR content made possible by 5G technology.

Mixed Reality – Future of AR Smart Glasses

Mixed Reality (MR) technology deals with the physical and real world, providing enterprise customers a platform to interact through voice-related inputs and body gestures. MR defines a life-changing and digitally extensive experience. Developed businesses have already started inventing and exploring new levels and ways to take advantage of this digital technology in their business developments and for the benefit of employee wellbeing. Thus, the assured competencies of this technology are a key to digital advancement for the global AR smart glasses market, offering growing businesses diverse advantages.

Additionally, through wearable displays, various hardware firms offer MR technology and devices that provide a smart sense of virtual and physical surroundings through their smartly designed sensors that are flexible in performing consumer tasks. Besides, various smart glasses service providers are recently developing innovative and advanced MR devices and technologies that provide a real in-depth sense of the physical world from advanced, specially designed sensors.

In terms of future potential, MR has the growth potential to be a universal UI, evolving the IoT beyond the boundary of just smart data and sensors. MR will serve as a boundless opening for multiple numbers of applications with unexplored digital depth. MR is still a struggling technology in a few industries, so it is difficult for budding businesses to experiment with it to provide an enhanced consumer experience. This presents great potential for its implementation in smart glasses, propelling opportunities for the global AR smart glasses market growth.

By Sukanya Mukherjee


Which segments are analyzed in the global AR smart glasses market?

End-user, application, form factor, and operating system segments are analyzed in the global AR smart glasses market.

Which factors contribute to the growth of the global AR smart glasses market?

Technology advancements, developments in AR apps and platforms, and productivity and efficiency improvements contribute to the growth of the global AR smart glasses market.