Augmented and virtual reality contact lens are devices that could provide a virtual display that could have a variety of uses from assisting the visually impaired to video Military Applications. The device will have the form of a conventional contact lens with added bionics technology in the form of augmented reality, with functional electronic circuits and infrared lights to create a virtual display allowing the viewer to see a computer-generated display superimposed on the world outside.
By 2019, the products of Innovega and Inwith Corp are expected to enter the stage of commercialization.The key factors driving the growth of the aforementioned industry are product’s high technology content and practical. With the breakthrough of technology and depression of application scope, the increased consumption of smart contact lenses are expected to continue during the remaining years of the forecast period of 2019-2025.
As for the application field, the research direction of companies or research institutes are mainly concentrated in the medical and military fields. With the development of technology and the decrease of cost, it is expected to be popularized in the field of consumer electronics. Technological giants such as Apple, Google and Sony are pushing the market forward through investment or technology development.
The global Augmented and Virtual Reality Contact Lens market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx during 2019-2025. The objectives of this study are to define, segment, and project the size of the Augmented and Virtual Reality Contact Lens market based on company, product type, end user and key regions.
This report studies the global market size of Augmented and Virtual Reality Contact Lens in key regions like North America, Europe, China, Japan and South Korea, focuses on the consumption of Augmented and Virtual Reality Contact Lens in these regions.
This research report categorizes the global Augmented and Virtual Reality Contact Lens market by top players/brands, region, type and end user. This report also studies the global Augmented and Virtual Reality Contact Lens market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Verily Life Sciences
Ocumetrics Bionic Lens
Augmented and Virtual Reality Contact Lens market size by Type
Augmented Reality Contact Lens
Virtual Reality Contact Lens
In 2019, Augmented Reality Contact Lens accounted for a major share of 87% in the global Augmented and Virtual Reality Contact Lens market. And this product segment is poised to reach 24 M USD by 2025 from 9 M USD in 2019.
Augmented and Virtual Reality Contact Lens market size by Applications
In Augmented and Virtual Reality Contact Lens market, Military Applications segment holds an important share in terms of application, and it is expected to reach a volume of 2327 (Units) by 2025, at a CAGR of 17.84% during 2019 and 2025. It means that Augmented and Virtual Reality Contact Lens will be promising in the Military Applications field in the next couple of years.
Market size by Region
Central & South America
Middle East & Africa
The study objectives of this report are:
To study and analyze the global Augmented and Virtual Reality Contact Lens market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Augmented and Virtual Reality Contact Lens market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Augmented and Virtual Reality Contact Lens companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Augmented and Virtual Reality Contact Lens submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Augmented and Virtual Reality Contact Lens are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Augmented and Virtual Reality Contact Lens market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.