Market highlights:
The global ARVR industry Augmented Reality and Virtual Reality Market 2020 are poised to reach USD 767.67 billion by 2025, recording a whopping 73.7% CAGR over the assessment period (2018 to 2025).
Other major factors bolstering the market growth include the high adoption of cloud-based technologies and these glasses in smart devices used for education, gaming, military, and industrial purposes. Also, the growing demand for mixed reality smart glasses from various industry verticals, including smartphones, healthcare devices, and IT & telecommunications, fosters market growth.
Technological Advances Drive AR and VR Smart Glasses Industry
In addition, prominent factors substantiating the market growth include increasing investments in the development of AR & VR-enabled smart glass technology and their extended applications in the aviation, marine, solar power, and electronics sector. Rising R&D investments to bring more advancement in technology have favored the market expansion, lowering technology prices.
Competitive Outlook:

The major players identified by MRFR in the global Augmented Reality and Virtual Reality market as EON Reality Inc., Terminal Eleven (SkyView), Hewlett-Packard Company, Augmented Pixels Inc., DAQRI LLC, Wikitude GmbH, Sony Corporation, Zapper Limited, Virtalis Limited, Google LLC, awe.org Pty Ltd (buildar.com), HTC Corporation, Samsung Group, Blippar, Microsoft Corporation, Facebook Inc., Magic Leap Inc., PTC Inc., and Visteon Corporation
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Segmentation:
The report is segmented into device types, products, applications, and regions. The device type segment is sub-segmented into monocular and binocular. The product segment is sub-segmented into integrated smart glasses, external smart glasses, mobile phone smart glasses, and others.
The application segment is sub-segmented into gaming, education, industrial military, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.

Regional Analysis:
North America heads the global AR and VR smart glasses market with the largest market share. Technological advantages are a key driver behind the growth of the regional market. Well-established infrastructure in the region allows for faster implementation of advanced technologies. The US and Canada, backed by the rising technological enhancements and the increasing popularity of GPRS and server-cloud enabled AR & VR smart glasses, lead the regional market. Industry News
GIGXR, a Venice-based VR company, announced its partnership with the Air Force Academy to bring VR to simulate wartime applications. GIGXR's technology uses a combination of mixed-reality and gameplay techniques. Through Microsoft's Hololens, a pair of mixed-reality smart glasses, or through the GIGXR app on a smartphone, students can superimpose a 3D patient into their environment with a dashboard of the patient's biometric information is shown nearby.

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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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