ImmersivEdge Advisors reports that the smartglasses hardware marketplace will grow to $5 billion by 2025 and $34 billion by 2030. Software and services will add considerably to that market value. By 2030, annual sales of smartglasses will reach close to 25 million units annually.
Smartglasses Roadmap – the 20's is based on original research, analysis of public statements from companies in the sector, and personal insights from 14 business executives, innovators and thought leaders in this market.
Ben Delaney, ImmersivEdge Advisors’ CEO and lead author on the Smartglasses Roadmap, said, “This is the first in-depth look at the long-term prospects for this new technology. Smartglasses will change how businesses, healthcare providers, first responders and consumers see the world. We find that smartglasses will largely supplant smart phones and smart watches by the end of the decade.”
Augmented Reality is technology that overlays computer-generated images on the real world, as recently popularized by Pokemon Go. Smartglasses are sensor-laden displays for Augmented Reality that use data about the real world and the user’s intentions, actions and preferences to provide valuable information.
The report includes market size and revenue projections, overviews of key players, descriptions of many application areas and analysis of the technology issues that may challenge manufacturers.
Smartglasses Roadmap looks closely at applications in Healthcare, Emergency Response, Manufacturing, Maintenance, Training, Logistics, Military, and Entertainment/Personal sectors and at 25 companies that currently lead the market. It concludes with recommendations for vendors, end users, and investors.
Smartglasses Roadmap – the 20’s, will be published on April 8, 2020, in English and Chinese. The 64-page report provides guidance for all participants in the Augmented Reality (AR) and Smartglasses sectors.
By the mid-2020's, smartglasses will be sleek, light, and comfortable, looking like designer eyewear. They will download data from the internet with 5G, WiFi, and Bluetooth. Additional processing and graphics power will be provided by edge computing and AI.
Some of the world’s biggest companies are working on smartglasses technology. Apple, Facebook, Lenovo, Panasonic, Samsung, Texas Instruments (TI) and many others have hinted at or revealed plans to deliver sleek, stylish glasses in the next few years. Already, Bosch, Bose, Epson, North, nReal, Qualcomm and several other companies have shown products or prototypes with varying levels of functionality.
Based on its research, ImmersivEdge forecasts that smartglasses will replace smart phones as everyday electronic assistants for millions of people by 2030. Smartglasses will be a disruptive technology impacting almost every aspect of work and daily life.
ImmersivEdge expects smartglasses to become common in enterprise sectors including training, logistics, emergency response, military, maintenance, and healthcare by mid-decade, and to be firmly embedded in these and many other sectors by the end of the decade. Consumers will use them for games, navigation, language learning, virtual travel, and much more.
ImmersivEdge Advisors’ Smartglasses Roadmap was authored by Ben Delaney, CEO and Chief Analyst, and Natalie Yue, Chief Data Analyst. Smartglasses Roadmap – the 20’s will be published on April 8, 2020 in English and Chinese. Discounted pre-publication ordering is available now from ImmersivEdge Advisors HERE. For more information, contact ImmersivEdge Advisors by EMAIL, or call +1 510 419-0800.