Global Smart Glasses for Industrial Applications 2016-2020

Overview of the global smart glasses market for industrial applications

Following Google's launch of the famed Google Glass project, smart glasses have been widely regarded as the next big technological advance as they can be used for industrial purposes like reading manuals, checking the status of a system, and detecting possible errors. In terms of revenue, the global market for smart glasses for industrial applications will exhibit a profound growth rate until the end of 2020 and will be heavily influenced by the technology's increasing functionalities and uses. Moreover, factors such as the rising use of simultaneous localization and mapping (SLAM) technology for augmented reality (AR) will aid in the growth of this market until the end of 2020. SLAM is a popular and important autonomous mapping and navigation technique in mobile robotics. Originally used as eyes for NASA robots, SLAM can create maps of unknown environments and position devices with extreme accuracy. SLAM is an ideal technology for AR, as it gives a marker-less experience compared to marker-based AR, in which images need to be printed out. The market for smart glasses in the industrial applications will grow profoundly at a CAGR of more than 146% during the forecast period.

In this market study, analysts have estimated factors like the advent of advanced depth-sensing cameras to drive the prospects for market growth until the end of the predicted period. Depth-sensing cameras are anticipated to revolutionize the way people use their mobile cameras. Since these special cameras can scan objects in 3D, they can create new possibilities for gaming, photography, and buying and selling. Users can scan the environment with a 3D camera to build a terrain that can be utilized for gaming. The growing adoption of this technology in the field of smart glasses will aid in the growth of this market during the forecast period.

Geographical segmentation of the smart glasses market for industrial applications

• Americas
• APAC
• EMEA

In terms of geography, Technavio’s market research analyst has estimated the Americas to be the largest market for smart glasses during the forecast period. Due to the high penetration rate of smartphones, countries like the US, Germany, and the UK will lead the market in terms of the adoption rate of smart glasses. In this region, the populace’s keenness to try new technologies coupled with their high purchasing power will result in the substantial growth of this market.

Competitive landscape and key vendors

The global smart glasses market for industrial applications is characterized by the presence of low competition, as the number of vendors in the market and the demand for smart glasses are pretty less. Since the market is still in its nascent stage, the level of competition is anticipated to increase rapidly owing to the entry of new players. There are no clear-cut market leaders or dominant players in the smart glasses market.

Top vendors in the market are -

• Atheer
• Imagine Mobile Augmented Reality
• Konica Minolta
• Laster Technologies
• Lumus
• Meta
• Osterhout Design Group
• Optinvent
• Penny
• Recon
• Six15 Technologies
• Technical Illusions
• Vuzix

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global smart glasses market for industrial applications?
• What are the key market trends impacting the growth of the global smart glasses market for industrial applications?
• What are the challenges to market growth?
• Who are the key vendors in the global smart glasses market for industrial applications?
• What are the market opportunities and threats faced by the vendors in the global smart glasses market for industrial applications?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global smart glasses market for industrial applications?

Technavio also offers customization on reports based on specific client requirement.

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