Global Augmented and Virtual Reality Contact Lens Market Research Report 2020

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 13 million US$ in 2020 is expected to reach 39 million US$ by the end of 2026, growing at a CAGR of 17.2% during 2021-2026.
This report focuses on Augmented and Virtual Reality Contact Lens volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Augmented and Virtual Reality Contact Lens market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan and South Korea etc.
Market Segment Analysis
The research report includes specific segments by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Augmented and Virtual Reality Contact Lens market is segmented into
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.

Segment by Application
Medical Field
Military Applications

Global Augmented and Virtual Reality Contact Lens Market: Regional Analysis
The Augmented and Virtual Reality Contact Lens market is analysed and market size information is provided by regions (countries). The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.
The key regions covered in the Augmented and Virtual Reality Contact Lens market report are:
North America
South Korea
Latin America
Middle East & Africa
Saudi Arabia
Global Augmented and Virtual Reality Contact Lens Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The major players in global Augmented and Virtual Reality Contact Lens market include:
Inwith Corp.
Mojo Vision
Verily Life Sciences
Sensimed AG
Medella Health
Ocumetrics Bionic Lens

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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