Regional AR glasses markets
Some of the leading AR glasses markets can be found in the United States, across Asia, and in Europe. The U.S. AR glasses market was valued at just under 400 million U.S. dollars in 2022, with growth of over 125 percent expected in 2023. The AR glasses market in Asia generated revenues of 300 million U.S. dollars in 2022, with forecasts again suggesting growth of over 125 percent in 2023. Major markets include China and Japan, with the former accounting for close to two-thirds of the Asian market. The AR glasses market in Europe was the smallest of the selected regions and led by the German market.AR glasses brands: Microsoft, Magic Leap, Apple, and more
AR glasses vendors such as Microsoft, Magic Leap, and Nreal continue to innovate, developing devices that are helping to support the increased adoption of AR across a range of sectors. Another example of this is Vuzix, an American optical technology firm developing AR solutions for healthcare, manufacturing, and warehouse environments. It is expected that AR glasses vendors will face even greater competition in the coming years as other technology firms release AR devices onto the market. One example is Apple, who has expressed its interest in entering the AR glasses market, with the company set to release the first such product in 2023.
