Advancement in Technology Foreseen to Drive the Global AR/VR Smart Glasses Market from 2020 to 2027
Allied Market Research, titled, AR/VR Smart Glasses Market by Type and End Use: Global Opportunity Analysis and Industry Forecast, 2020–2027 ,” the global AR/VR smart glasses market size was valued at $8.31 billion in 2019, and is projected to reach $33.16 billion by 2027, registering a CAGR of 16.6% from 2020 to 2027. The AR/VR smart glasses market holds a substantial scope for growth in the global market. Currently, it is in its growing stage. However, its contribution to the global market is expected to witness significant growth within the next few years. High maintenance cost associated with AR/VR smart glasses is a major limitation for the market growth. However, recent innovations, which implant high efficiency and innovative features in smart glasses, have enabled the technology to reach a wider audience base. Numerous players are entering the AR/VR smart glasses market with innovative products. Emerging development in IoT and growth of autonomous products ar...