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Global Smart Glasses Market 2018-2022: Development of AR Platforms / Focus on Utility Factor / Adoption of Gesture Recognition in Smart GlassesDUBLIN, November 21, 2017 /PRNewswire/ -- The "Global Smart Glasses Market 2018-2022" report has been added to Research and Markets' offering. The global smart glasses market to grow at a CAGR of 42.87% during the period 2018-2022. Global Smart Glasses Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. One trend in the market is scope for varied players to venture in to smart glasses market. The smart glasses market remains unexplored and has a wide scope for varied players to venture in to market. Conventional eyewear manufacturers manufacture variables, which are targeted for use by sportspersons. Smart glasses are different from conventional glasses, considering the additional functionalities they possess. The smart glasses consist of sensors and wireless technology that are connected to various other smart wearables and devices, such as smartphone and smartwatches. According to the report, one driver in the market is automation of operations. The automation of vrious processes in the manufacturing industry is reducing the need for human labor. According to the World Economic Forum 2016 held at Davos-Klosters, Switzerland, the Fourth Industrial Revolution is underway and will based on fully automated industries and will eliminate millions of jobs over the next five to 10 years. It is expected that nearly 50% of the jobs in the US will be taken over by technology. With the increase in the automation of various operations, the workforce required for manufacturing activities will fall dramatically. Further, the report states that one challenge in the market is uncertain market conditions. The author has identified certain pessimistic aspects to the smart glasses market. Though the market will witness a declining trend in terms of ASP of the device, the revenue will also witness a declining trend during the forecast period. Key Market Trends
Key vendors
Other prominent vendors
Key Topics Covered: Media Contact: Laura Wood, Senior Manager |