Predictions in Commercial Smart Glasses
Earlier this week, an article on Equities.com discussed the role of Vuzix within the smart glasses market. The leading company is soon releasing the M300 Smart Glasses model worldwide, which is predicted to give the market a boost.
Key points in the article include:
- This year, the wearables market is predicted to generate $15 billion
- In 2020, the wearables market is anticipated to reach $34 billion
- Global sales of head-mounted displays are expected to quadruple next year according to Gartner, Inc.
- The M300 Smart Glasses run on Android but can pair with iOS devices, and have built-in GPS and Bluetooth
- The M300 Smart Glasses are also voice activated, have a built-in camera, and can scan bar codes
- Vuzix generated $560,000 revenue in the second quarter of this year