AR Waveguide Market Trends and Scope by 2031
AR Waveguide Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 562.53 Million |
Market Size by 2031 | US$ 1,006.36 Million |
Global CAGR (2023 - 2031) | 7.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
AR Waveguide Market News and Recent Developments
The AR waveguide market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the AR waveguide market:
- In 2022, Lochn Optics made a breakthrough in holographic waveguide automation exposure and full-color display technology. (Source: Azeus Convene, Press Release, 2022)
- In 2022, Lochn Optics released an LBS diffractive waveguide AR module. Lochn Optics has developed a custom-designed diffractive waveguide and process suitable for this technology with full support from STMicroelectronics since mid-2021. (Source: Azeus Convene, Press Release, 2022)
- In 2024, LetinAR Inc. launched its "PinTILT" lens, which brings AR optics to the next level and successful commercialization cases with its global customers, including Jorjin, Nimo, and others. This technology was designed primarily to address common flaws present in current products, such as heavy and expensive hardware and insufficient features that impede the creation of true eyeglass-shaped designs and render wearability and usability subpar at best. (Source: Azeus Convene, Press Release, 2024)
- In 2024, NIL Technology (NILT), a leader in advanced optical solutions, announced metaEye, an ultracompact metalens-based camera with applications for eye-tracking, smart locks, biometrics, SLAM, and ubiquitous sensing across a range of applications, including gaming, presence detection, and smart appliances. This revolutionary metalens camera uses a patent-pending lens architecture only possible with metalenses to deliver an ultra-compact form factor, good performance, and environmental robustness. (Source: Azeus Convene, Press Release, 2024)
AR Waveguide Market Report Coverage and Deliverables
The “AR Waveguide Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles