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Augmented And Virtual Reality Contact Lens Market By Lens (AR Contact Lens, VR Contact Lens), By Application (Gaming, Medical) – Growth, Future Prospects And Competitive Analysis 2019 – 2027

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Published: | Report ID: 2658 | Report Format : PDF

Multiple Feature Offering to Boost the Augmented and Virtual Reality Contact Lens Market

The augmented and virtual reality contact lens market is set to expand with a CAGR of 70% through the forecast period starting from 2019 to 2027. The augmented and virtual reality contact lens market worldwide is expected to observe robust growth on account of the growing AR/VR market across the globe. These lenses are used for interactive experiences in the entertainment industry, such as streaming a concert or collaborating experiences in the education industry. In addition, the lenses can be used in mobile applications for various functions such as navigation, gaming, education, and healthcare. Considering all these factors, the augmented and virtual reality contact lens market would register huge growth during the forecast period.

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Market Synopsis

AR Contact lens to Continue to Grow Significantly

The AR contact lens segment shall lead the augmented and virtual reality contact lens market. The AR contact lens market is backed by a rapidly growing augmented reality market, which shall reach US$ 61.39 Bn in 2023. In addition, increasing investments from technology giants are further driving the growth of the augmented contact lens market. Notably, the increase in demand for augmented reality architecture, high growth in the travel and tourism industry, and rising opportunities in the enterprise industry are driving the AR contact lens market growth. These factors will dominate the market throughout the forecast period AR contact lenses.

The Asia Pacific to Register the Fastest Growth

North America leads the augmented and virtual reality contact lens market. The market here is driven by higher penetration of AR & VR technology and higher investments in R&D by major players. However, the Asia Pacific is set to register the highest growth in the market during the forecast period. Backed by a growing technological user base in the region, especially in developing countries in India and China. Further, the region will witness industrial expansion with new technological advancements, which shall further drive the augmented and virtual reality contact lens market. On account of these factors, Asia Pacific will grow with the highest CAGR throughout the forecast period.

Some prominent augmented and virtual reality contact lens players include Innovega, Inwith Corp., Mojo Vision, Sony, Samsung, Verily Life Sciences, Sensimed AG, Medella Health, Alcon, and Ocumetrics Bionic Lens, among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The augmented and virtual reality contact lens market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global augmented and virtual reality contact lens market based on lens type, application, and geography. Key segments covered in the report are as follows:

Segmentation  Lens Type (2017–2027; US$ Bn)

  • AR Contact Lens
  • VR Contact Lens

Application Type (2017–2027; US$ Bn)

  • Gaming
  • Medical

Geography (2017–2027; US$ Bn)

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

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Unique data points of this report

  • Statistics on electronics worldwide
  • Recent trends across different regions in terms of adoption of augmented and virtual reality contact lenses across various applications
  • Notable developments are going on in the augmented and virtual reality contact lens market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global AVRCL Market
2.1.1 Global AVRCL Market, by Lens, 201h8 (US$ Bn)
2.1.2 Global AVRCL Market, by Application, 2018 (US$ Bn)
2.1.3 Global AVRCL Market, by Geography, 2018 (US$ Bn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key AVRCL Vendors, 2018

Chapter 4 Global Augmented and Virtual Reality Contact Lens (AVRCL) Market, by Lens
4.1 Overview
4.1.1 Global AVRCL Market Value Share, by Lens, 2018 & 2027 (Value, %)
4.2 AR Contact Lens
4.2.1 Global AR Contact Lens Market Value, 2017 – 2027 (US$ Bn)
4.3 VR Contact Lens
4.3.1 Global VR Contact Lens Market Value, 2017 – 2027 (US$ Bn)

Chapter 5 Global Augmented and Virtual Reality Contact Lens (AVRCL) Market, by Application
5.1 Overview
5.1.1 Global AVRCL Market Value Share, by Application, 2018 & 2027 (Value, %)
5.2 Gaming
5.2.1 Global AVRCL Market Value from Gaming, 2017 – 2027 (US$ Bn)
5.3 Medical
5.3.1 Global AVRCL Market Value from Medical, 2017 – 2027 (US$ Bn)

Chapter 6 North America Augmented and Virtual Reality Contact Lens (AVRCL) Market Analysis, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 North America AVRCL Market Analysis, by Lens, 2017 – 2027 (US$ Bn)
6.2.1 Market Analysis
6.3 North America AVRCL Market Analysis, by Application, 2017 – 2027 (US$ Bn)
6.3.1 Market Analysis
6.4 North America AVRCL Market, by Country, 2017 – 2027 (US$ Bn)
6.4.1 Market Analysis
6.4.2 U.S.
6.4.3 Rest of North America

Chapter 7 Europe Augmented and Virtual Reality Contact Lens (AVRCL) Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 Europe AVRCL Market Analysis, by Lens, 2017 – 2027 (US$ Bn)
7.2.1 Market Analysis
7.3 Europe AVRCL Market Analysis, by Application, 2017 – 2027 (US$ Bn)
7.3.1 Market Analysis
7.4 Europe AVRCL Market, by Country, 2017 – 2027 (US$ Bn)
7.4.1 Market Analysis
7.4.2 U.K.
7.4.3 Germany
7.4.4 France
7.4.5 Rest of Europe

Chapter 8 Asia Pacific Augmented and Virtual Reality Contact Lens (AVRCL) Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Asia Pacific AVRCL Market Analysis, by Lens, 2017 – 2027 (US$ Bn)
8.2.1 Market Analysis
8.3 Asia Pacific AVRCL Market Analysis, by Application, 2017 – 2027 (US$ Bn)
8.3.1 Market Analysis
8.4 Asia Pacific AVRCL Market, by Country, 2017 – 2027 (US$ Bn)
8.4.1 Market Analysis
8.4.2 China
8.4.3 Japan
8.4.4 India
8.4.5 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Augmented and Virtual Reality Contact Lens (AVRCL) Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 RoW AVRCL Market Analysis, by Lens, 2017 – 2027 (US$ Bn)
9.2.1 Market Analysis
9.3 RoW AVRCL Market Analysis, by Application, 2017 – 2027 (US$ Bn)
9.3.1 Market Analysis
9.4 RoW AVRCL Market, by Region (US$ Bn)
9.4.1 Market Analysis
9.4.2 Middle East & Africa (MEA)
9.4.3 Latin America

Chapter 10 Company Profiles
10.1 Innovega
10.2 Inwith Corp.
10.3 Mojo Vision
10.4 Sony
10.5 Samsung Electronics Co., Ltd.
10.6 Verily Life Sciences
10.7 Sensimed AG
10.8 Medella Health
10.9 Alcon
10.10 Ocumetrics Bionic Lens

List of Figures

FIG. 1 Global Augmented and Virtual Reality Contact Lens (AVRCL) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global AVRCL Market Segmentation
FIG. 4 Global AVRCL Market, by Lens, 2018 (US$ Bn)
FIG. 5 Global AVRCL Market, by Application, 2018 (US$ Bn)
FIG. 6 Global AVRCL Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Market Positioning of Key AVRCL Vendors, 2018
FIG. 9 Global AVRCL Market Value Share, by Lens, 2018 & 2027 (Value, %)
FIG. 10 Global AR Contact Lens Market Value, 2017 – 2027 (US$ Bn)
FIG. 11 Global VR Contact Lens Market Value, 2017 – 2027 (US$ Bn)
FIG. 12 Global AVRCL Market Value Share, by Application, 2018 & 2027 (Value, %)
FIG. 13 Global AVRCL Market Value from Gaming, 2017 – 2027 (US$ Bn)
FIG. 14 Global AVRCL Market Value from Medical, 2017 – 2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Augmented and Virtual Reality Contact Lens (AVRCL) Market Value
TABLE 2 North America AVRCL Market Value, by Lens, 2017 – 2027 (US$ Bn)
TABLE 3 North America AVRCL Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 4 North America AVRCL Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 5 Europe AVRCL Market Value, by Lens, 2017 – 2027 (US$ Bn)
TABLE 6 Europe AVRCL Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 7 Europe AVRCL Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 8 Asia Pacific AVRCL Market Value, by Lens, 2017 – 2027 (US$ Bn)
TABLE 9 Asia Pacific AVRCL Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 10 Asia Pacific AVRCL Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 11 RoW AVRCL Market Value, by Lens, 2017 – 2027 (US$ Bn)
TABLE 12 RoW AVRCL Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 13 RoW AVRCL Market Value, by Region, 2017 – 2027 (US$ Bn)
TABLE 14 Innovega: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Inwith Corp.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Mojo Vision: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 Sony: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Samsung Electronics Co., Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Verily Life Sciences: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 Sensimed AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Medella Health: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Alcon: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Ocumetrics Bionic Lens: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

Frequently asked questions :

What is the size of Augmented And Virtual Reality Contact Lens Market?

The market for Augmented And Virtual Reality Contact Lens Market is expected to reach US$ XX Bn in 2027.

What is the Augmented And Virtual Reality Contact Lens Market CAGR?

The Augmented And Virtual Reality Contact Lens Market is expected to see significant CAGR growth over the coming years, at 70%

What is the Forecast period considered for Augmented And Virtual Reality Contact Lens Market?

The report is forecasted from 2019-2027.

What is the base year considered for Augmented And Virtual Reality Contact Lens Market?

The base year of this report is 2018.

Who are the major players in this market?

Innovega, Inwith Corp., Mojo Vision, Sony, Samsung Electronics Co., Ltd. are some of the major players in the global market.

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