The global AR and VR contact lenses market size is expected to reach $1.74 billion by 2025, at a CAGR of 62% from 2021 to 2027. The market growth is driven by increasing demand for consumer electronics, AR and VR devices and applications in healthcare, retail, gaming entertainment, e-commerce and other sectors. The increasing deployment of AR and VR in automotive applications of HMD devices and HUD devices for cruise control, lane departure, navigation and other applications will significantly drive the AR and VR contact lenses market. In particular, the adoption of Fresnel lenses in AR and VR HMD devices could drive the AR and VR contact lens industry.
A full report of Augmented and Virtual Reality Contact Lens Market available at: https://www.orionmarketreports.com/augmented-and-virtual-reality-contact-lens-market/4019/
Augmented and Virtual Reality Contact Lens Market- Segmentation
By Type
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.
By Application
Medical Field, Military Applications, Entertainment, Other, In Augmented and Virtual Reality Contact Lens market, Military Applications segment holds an important share in terms of application, and it is expected to reach a volume of 2327 (Units) by 2025, at a CAGR of 17.84% during 2019 and 2025. It means that Augmented and Virtual Reality Contact Lens will be promising in the Military Applications field in the next couple of years.
By Companies
Innovega, Inwith Corp., Mojo Vision, Sony, Samsung, Verily Life Sciences, Sensimed AG, Medella Health, Alcon, Ocumetrics Bionic Lens
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