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Press release content from MarketersMEDIA. The AP news staff was not involved in its creation.

At a CAGR of 16.6% AR/VR Smart Glasses Market to Generate $33.16 Billion by 2027

July 5, 2021 GMT

Emerging trends and technological advancements and demand for the AR/VR technology from the gaming industry drive the growth of the global AR/VR smart glasses market.

Emerging trends and technological advancements and demand for the AR/VR technology from the gaming industry drive the growth of the global AR/VR smart glasses market. However, lack of sufficient investments in research and development activities of AR/VR hinders the market growth. On the other hand, trends towards 5G technology, rise in use of AR devices and their application in healthcare, and transition towards digitization create new opportunities in the coming years.

According to the report published by Allied Market Research, the global AR/VR smart glasses market generated $8.31 billion in 2019, and is estimated to generate $33.16 billion by 2027, witnessing a CAGR of 16.6% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, competitive scenario, and regional landscape.

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Organization: Allied Market Research
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Source URL: https://marketersmedia.com/at-a-cagr-of-166-arvr-smart-glasses-market-to-generate-3316-billion-by-2027/89033225

Source: MarketersMedia

Release ID: 89033225