Global Smart Glasses for Industrial Applications 2016-2020

Overview of the global smart glasses market for industrial applications

Following Google's launch of the famed Google Glass project, smart glasses have been widely regarded as the next big technological advance as they can be used for industrial purposes like reading manuals, checking the status of a system, and detecting possible errors. In terms of revenue, the global market for smart glasses for industrial applications will exhibit a profound growth rate until the end of 2020 and will be heavily influenced by the technology's increasing functionalities and uses. Moreover, factors such as the rising use of simultaneous localization and mapping (SLAM) technology for augmented reality (AR) will aid in the growth of this market until the end of 2020. SLAM is a popular and important autonomous mapping and navigation technique in mobile robotics. Originally used as eyes for NASA robots, SLAM can create maps of unknown environments and position devices with extreme accuracy. SLAM is an ideal technology for AR, as it gives a marker-less experience compared to marker-based AR, in which images need to be printed out. The market for smart glasses in the industrial applications will grow profoundly at a CAGR of more than 146% during the forecast period.

In this market study, analysts have estimated factors like the advent of advanced depth-sensing cameras to drive the prospects for market growth until the end of the predicted period. Depth-sensing cameras are anticipated to revolutionize the way people use their mobile cameras. Since these special cameras can scan objects in 3D, they can create new possibilities for gaming, photography, and buying and selling. Users can scan the environment with a 3D camera to build a terrain that can be utilized for gaming. The growing adoption of this technology in the field of smart glasses will aid in the growth of this market during the forecast period.

Geographical segmentation of the smart glasses market for industrial applications

• Americas
• APAC
• EMEA