Press Release: Wearable Smart Glasses Shipments to Reach 10 Million Globally by 2018, finds Juniper Research
Hampshire, UK – 12th November 2013: New findings from leading hi-tech analysts, Juniper Research, has revealed that global wearable ‘Smart Glasses’ shipments will reach 10 million per annum by 2018, compared to an estimated 87,000 this year.
Juniper Research notes that as the retail price for Smart Glasses decline towards the end of the forecast period, the adoption level amongst consumers will significantly increase.
The Need to Achieve Critical Mass
Juniper’s latest report, ‘Smart Glasses: Market Prospects 2013-2018’ argues that in order for wearable devices such as smart glasses to achieve critical mass, they need to be much more than complementary devices or secondary screens. Report author Nitin Bhas added: “These devices would need to incorporate intuitive and user-friendly functionalities and capture the imagination of the general public making the technology seamless within their daily routine”.
While the industry acknowledges the future for wearable computing, it is however divided on the form factor for such devices. While some consider smart watches to be more socially and naturally accepted, others promote the potential use cases for smart glasses. However, a number of hurdles such as privacy exists for smart wearable devices to overcome for mass acceptance.
Consumer Adoption to Lead, Followed by Enterprise & Healthcare
The new report found that shipments of smart glasses will be driven primarily by the consumer sector, followed by the enterprise and healthcare sectors.
First generation applications such as video documentation and communication will be initially used in the healthcare sector, but the true potential of smart glasses will begin to be realised when diagnostic reference, surgical assistance and monitoring can be applied. Long term growth will be achievable but regulatory approval and field trials will potentially impact timescales.
In the enterprise sector, a number of use cases for smart glasses exists, ranging from engineering to logistics applications. App developers are currently figuring out custom enterprise use cases for developing apps for smart glasses.
However, the largest opportunity will be in the consumer sector with the rate of adoption largely dependent on the market availability of attractive hardware and apps.
Other Key Findings Include:
· App-enabled mobile smart wearable device hardware market will approach $19 billion by 2018.
The market will be dominated by the most developed regions in North America, Far East & China and Western Europe. The complimentary whitepaper, ‘Smart Glasses ~ Sci-Fi becomes Reality’, is now available to download from the Juniper website together with further details of the full Report and the attendant Smart Glasses Interactive Forecast Excel.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
For further details please contact Michele Ince, Press Relations
T: +44(0)1256 830001