Pay Close Attention to AR in 2021

Augmented reality has only just begun to revolutionize life and business as we know it.

For example, such technology allows us to superimpose sounds, images, text over real-world scenarios.  In medical training for example, AR allows us to bring 3D anatomical learning.  In addition, according to Fortune, AR can used by surgeons to alert them to potential risks or hazards in surgery. It can even be used to find patient veins and avoid accidentally sticking a patient far too many times.

Even Apple’s Tim Cook argues that augmented reality is “the next big thing,” adding, “I’m excited about AR.  My view is that it’s the next big thing, and it will pervade our entire lives.”

Even more impressive, demand for smart glasses is set for respectable growth.

In fact, according to Report Linker:

“The Smart Augmented Reality (AR) Glasses market in the U.S. is estimated at 64.2 Thousand Units in the year 2020. The country currently accounts for a 30.97% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 4.4 Million Units in the year 2027 trailing a CAGR of 98.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 93.8% and 89.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 70.7% CAGR while Rest of European market (as defined in the study) will reach 4.4 Million Units by the year 2027.”