AI Smart Glasses Market Trends and Forecast
The future of the global AI smart glasses market looks promising with opportunities in the home and commercial markets. The global AI smart glasses market is expected to grow with a CAGR of 24.5% from 2024 to 2030. The major drivers for this market are increasing demand for remote work and telemedicine, growing demand for smart glasses in retail, and rising popularity of virtual assistants like amazon alexa and google assistant.
• Lucintel forecasts that with camera is expected to witness higher growth over the forecast period.
• Within this market, home is expected to witness the higher growth.
• North America is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Smart Glasses Market
• United States: In the U.S., companies like Google and Microsoft are driving advancements in AI Smart Glasses. GoogleÄX%$%Xs Project Glass, now Google Glass Enterprise Edition, focuses on enhancing workplace productivity with hands-free AR capabilities. They target sectors such as manufacturing and healthcare, aiming to improve operational efficiency. MicrosoftÄX%$%Xs HoloLens series continues to innovate with AI-powered features for mixed reality experiences, catering to industries like defense, education, and entertainment. The U.S. government supports AR/VR technology development through initiatives like ARPA-EÄX%$%Xs funding for advanced manufacturing and smart grid technologies.
• India: In India, startups like DreamVu and Glassic are emerging in the AI Smart Glasses sector. DreamVu focuses on affordable AR smart glasses for education and healthcare applications, leveraging AI for real-time data visualization and remote assistance. Glassic targets consumer markets with fashionable smart glasses integrated with AI features for navigation and social media interaction. The Indian government promotes technology adoption through programs like Digital India, fostering innovation in AR technologies
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Smart Glasses Market by Segment
The study includes a forecast for the global AI smart glasses market by type, application, and region.
AI Smart Glasses Market by Type [Value from 2018 to 2030]:
• With Camera
• Without Camera
AI Smart Glasses Market by Application [Value from 2018 to 2030]:
• Home
• Commercial
• Others
AI Smart Glasses Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Smart Glasses Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI smart glasses companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI smart glasses companies profiled in this report include-
• Echo Frames
• Microsoft Hololens
• Snap
• Lucyd
• Brilliant Labs
• Google
• Apple
Recent Development in the AI Smart Glasses Market
• Google (Project Glass): GoogleÄX%$%Xs Project Glass, now branded as Google Glass Enterprise Edition, continues to innovate in the AI Smart Glasses market. The latest iterations focus on enhancing productivity in enterprise settings. Features include hands-free access to information, real-time data display, and integration with Google Workspace applications. Google targets industries like manufacturing, logistics, and healthcare, aiming to improve operational efficiency and worker safety through augmented reality (AR) capabilities.
• Microsoft (HoloLens): MicrosoftÄX%$%Xs HoloLens series represents a significant advancement in mixed reality (MR) smart glasses. The HoloLens 2, for instance, introduces AI-driven features such as hand tracking, spatial mapping, and enhanced gesture recognition. Microsoft focuses on applications in training, design, and remote assistance across industries. The company aims to revolutionize workplace collaboration and creativity by blending physical and digital worlds seamlessly (Source: Microsoft HoloLens).
• Vuzix: Vuzix specializes in AI-powered smart glasses for both enterprise and consumer markets. Their products include the Vuzix Blade and Vuzix M-Series, which integrate AR technology with advanced AI capabilities. Vuzix targets applications in telemedicine, field service, and remote training, offering hands-free access to critical information and real-time data visualization. The company aims to enhance user experience with voice recognition, AI assistants, and interactive AR content.
• Epson (Moverio): EpsonÄX%$%Xs Moverio series focuses on AR smart glasses designed for various applications, including entertainment, education, and industrial use. The Moverio BT-300 and BT-350 models feature AI-driven augmented reality experiences, enabling users to interact with digital content overlaid onto the real world. Epson collaborates with developers to create AR apps that leverage AI for enhanced functionality, such as real-time language translation, navigation assistance, and immersive gaming experiences
Features of the Global AI Smart Glasses Market
Market Size Estimates: AI smart glasses market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI smart glasses market size by type, application, and region in terms of value ($B).
Regional Analysis: AI smart glasses market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI smart glasses market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI smart glasses market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI smart glasses market?
Answer: The global AI smart glasses market is expected to grow with a CAGR of 24.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI smart glasses market?
Answer: The major drivers for this market are increasing demand for remote work and telemedicine, growing demand for smart glasses in retail, and rising popularity of virtual assistants like amazon alexa and google assistant.
Q3. What are the major segments for AI smart glasses market?
Answer: The future of the AI smart glasses market looks promising with opportunities in the home and commercial markets.
Q4. Who are the key AI smart glasses market companies?
Answer: Some of the key AI smart glasses companies are as follows:
• Echo Frames
• Microsoft Hololens
• Snap
• Lucyd
• Brilliant Labs
• Google
• Apple
Q5. Which AI smart glasses market segment will be the largest in future?
Answer: Lucintel forecasts that with camera is expected to witness higher growth over the forecast period.
Q6. In AI smart glasses market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI smart glasses market by type (with camera and without camera), application (home, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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