![]() " One day, you're going to be able to sit down for dinner with your parents, even if they're on the other side of the country, or look up directions without having to take out your phone and take yourself out of the moment," Zuckerberg said.įacebook is already a leader in the virtual world. A device from Facebook or Apple could be a game changer for the smart glasses market, Paxton said, noting the attention given to occasional comments from either company about the potential for a smart glasses release.įacebook is partnering with Luxottica Group SpA, the parent of luxury sunglasses and eyeglasses company Ray-Ban, to offer AR-capable smart glasses sometime this year that will allow users to receive phone calls and live-stream their field of vision to friends and followers on the Facebook platform.įacebook CEO Mark Zuckerberg on an October 2020 earnings call called AR glasses the "Holy Grail" of " delivering a sense of presence while not taking you away from the physical world." Up to now, the bulk of demand for smart glasses has come from businesses rather than consumers due to the devices' high costs and limited understanding about consumer use cases, said Kagan's Paxton. ![]() The devices are also used in sports and recreational settings for tasks such as GPS navigation or accessing information on temperature and terrain. Smart glasses typically connect to the internet through a smartphone or tablet and provide users with a hands-free alternative to texting and calling while pulling up information from the internet. In a September 2020 report titled "Wearable Tech: Smart glasses a niche market, but future holds promise" by analyst Mike Paxton, Kagan projects global shipments of smart glasses will top 1.6 million in 2021 and exceed 5.2 million by 2024. Global smart glasses shipments reached an estimated 713,000 in 2019, an increase of 15% compared to 2018, and are expected to go higher as new vendors enter the market, according to the most recent data from Kagan, a media market research group within S&P Global Market Intelligence. are reportedly developing their own iterations of smart glasses technology.Īnalysts say a new push by big tech in the smart glasses market could help revive device sales, but they also noted some privacy risks associated with the technology that could prove difficult to overcome. followed with its Spectacles, which sync to a smartphone and allow users to take photos and record short videos. But analysts said the product line suffered from a limited public understanding of its use cases as well as privacy concerns. Source: Yuichiro Chino/Moment via Getty ImagesĪfter years of stops and starts, smart glasses are making a comeback.Īlphabet Inc.-owned Google LLC first defined the connected eyewear segment in 2013 with its debut of Google Glass, which created an augmented reality experience for its users. ![]() Facebook and Apple are reportedly working on their own smart specs, but analysts say privacy risks could hinder their efforts. ![]()
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