Market Overview:
The global AR lens market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for AR lenses in gaming, military, education, transportation, manufacturing and medical applications. Additionally, the growing adoption of AR technology by businesses is also contributing to the growth of this market. However, factors such as high cost and lack of standardization are restraining the growth of this market. On basis on type FOV 15° held major share in global AR lens market in 2017 and is projected to grow at significant rate over next 10 years owing its low price and wide usage among consumers across different application segments. FOV 23-30° are expected witness highest CAGR over next decade due their enhanced features including wider field view that offer immersive experience while using augmented reality applications . FOVE 40° are premium type lenses with significantly higher prices than other types available in markets and expected witness highest uptake rates across all application segments during forecast period . Regionally North America accounted for largest share followed by Europe in 2017 . Asia Pacific region is projected show highest CAGR over next decade owing rapid technological advancements coupled with rising disposable income levels among consumers present there .
Product Definition:
An Augmented Reality (AR) lens is a camera lens that has a special filter or coating that helps to create the AR effect. This filter or coating allows digital information, such as text and images, to be superimposed onto real-world objects. The importance of AR lenses is that they allow users to see and interact with digital information in a more realistic way.
FOV 15°:
FOV 15° is the angle of view which a normal human eye can see in front of its retina. It's an important factor to consider while designing any augmented reality lens. Larger FOV means more area that can be filled with digital content and hence it provides better viewing experience to the user.
The larger FOV, the more immersive will be the experience and easier it will be for users to identify objects, feel distance.
FOV 23-30°:
The field of view (FOV) is the angle at which the lens can capture images. The larger the FOV, generally means more area will be captured in each image. For instance, a 30-degree lens has a wider angle of view than a 23-degree lens. Generally, lenses with wide angles have large fields of view and vice versa; this trend is referred to as magnification ratio or zoom range.
Application Insights:
The gaming application segment led the global ar lens market in 2017. The use of augmented reality for gaming is not new; however, its adoption has been growing rapidly among both casual and hardcore gamers. This can be attributed to the wide array of games that support this technology as well as the relatively low cost of these devices when compared to other AR technologies.
The military application segment accounted for a significant share in 2017 and is expected to grow at a healthy rate over the forecast period owing to various factors such as government funding, research & development initiatives by major players such as Microsoft, Google and Apple among others, increasing demand from end-users including armed forces personnel for training purposes leading to an increase in product adoption across all ranks within military organizations globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period owing to increasing demand for AR technology from various application sectors, such as gaming, military & defense, and education. Moreover, rising investments by prominent companies in developing augmented reality apps are also contributing towards industry growth. For instance; In January 2018; Microsoft Corporation launched a new version of its Windows 10 operating system with built-in augmented reality features called Windows 10 Creators Update which will be available for free download later that year for compatible devices like laptops and desktops.
Asia Pacific is projected to emerge as the fastest-growing regional market during the same period due to growing adoption of emerging technologies across several industries in countries like China and Japan coupled with increased spending on development of advanced AR applications by companies based out these countries.
Growth Factors:
- Increasing demand for AR applications in various industries such as retail, healthcare, education, and manufacturing is expected to drive the growth of the AR lens market.
- The growing popularity of AR-based gaming is also anticipated to fuel the demand for AR lenses during the forecast period.
- Increasing investments by key players in R&D activities to develop innovative and advanced products is likely to propel the growth of this market in future.
- Growing awareness about the benefits offered by AR lenses among consumers is projected to boost its adoption over the next few years.
- The increasing use of head-mounted displays (HMDs) for augmented reality applications is expected to create new opportunities for this market in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
AR Lens Market Research Report
By Type
FOV 15°, FOV 23-30°, FOV 40°
By Application
Gaming, Military, Education, Transportation, Manufacturing, Medicine
By Companies
Microsoft, LX-AR, Lumus, Optinvent, Optics Division, Radiant Vision Systems, Huynew, Crystal Optech, Vuzix, North Ocean Photonics, Holoptics（Luminit）, Beijing Ned, Lochn Optics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global AR Lens Market Report Segments:
The global AR Lens market is segmented on the basis of:
Types
FOV 15°, FOV 23-30°, FOV 40°
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gaming, Military, Education, Transportation, Manufacturing, Medicine
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft
- LX-AR
- Lumus
- Optinvent
- Optics Division
- Radiant Vision Systems
- Huynew
- Crystal Optech
- Vuzix
- North Ocean Photonics
- Holoptics（Luminit）
- Beijing Ned
- Lochn Optics
Highlights of The AR Lens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- FOV 15°
- FOV 23-30°
- FOV 40°
- By Application:
- Gaming
- Military
- Education
- Transportation
- Manufacturing
- Medicine
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AR Lens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AR lens is an abbreviation for augmented reality lens. It is a type of lens that helps users see the real world and digital content in a more realistic way. AR lenses can be used to view 3D objects, text, and images.
Some of the key players operating in the ar lens market are Microsoft, LX-AR, Lumus, Optinvent, Optics Division, Radiant Vision Systems, Huynew, Crystal Optech, Vuzix, North Ocean Photonics, Holoptics（Luminit）, Beijing Ned, Lochn Optics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AR Lens Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AR Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AR Lens Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AR Lens Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AR Lens Market Size & Forecast, 2020-2028
4.5.1 AR Lens Market Size and Y-o-Y Growth
4.5.2 AR Lens Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 FOV 15°
5.2.2 FOV 23-30°
5.2.3 FOV 40°
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Gaming
6.2.2 Military
6.2.3 Education
6.2.4 Transportation
6.2.5 Manufacturing
6.2.6 Medicine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AR Lens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AR Lens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 FOV 15°
9.6.2 FOV 23-30°
9.6.3 FOV 40°
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Gaming
9.10.2 Military
9.10.3 Education
9.10.4 Transportation
9.10.5 Manufacturing
9.10.6 Medicine
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 FOV 15°
10.6.2 FOV 23-30°
10.6.3 FOV 40°
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Gaming
10.10.2 Military
10.10.3 Education
10.10.4 Transportation
10.10.5 Manufacturing
10.10.6 Medicine
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 FOV 15°
11.6.2 FOV 23-30°
11.6.3 FOV 40°
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Gaming
11.10.2 Military
11.10.3 Education
11.10.4 Transportation
11.10.5 Manufacturing
11.10.6 Medicine
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 FOV 15°
12.6.2 FOV 23-30°
12.6.3 FOV 40°
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Gaming
12.10.2 Military
12.10.3 Education
12.10.4 Transportation
12.10.5 Manufacturing
12.10.6 Medicine
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 FOV 15°
13.6.2 FOV 23-30°
13.6.3 FOV 40°
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Gaming
13.10.2 Military
13.10.3 Education
13.10.4 Transportation
13.10.5 Manufacturing
13.10.6 Medicine
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AR Lens Market: Competitive Dashboard
14.2 Global AR Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 LX-AR
14.3.3 Lumus
14.3.4 Optinvent
14.3.5 Optics Division
14.3.6 Radiant Vision Systems
14.3.7 Huynew
14.3.8 Crystal Optech
14.3.9 Vuzix
14.3.10 North Ocean Photonics
14.3.11 Holoptics（Luminit）
14.3.12 Beijing Ned
14.3.13 Lochn Optics
