Global ‘Smart Glasses’ shipments will reach 10 million by 2018, compared to an estimated 87,000 this year, according to new findings by Juniper Research.
The analyst notes that as the retail price declines towards to end of the forecast period, the adoption level for the wearable tech amongst consumers will significantly increase.
Juniper believes that in order for wearable devices such as smart glasses to achieve critical mass, they need to be much more than complementary devices or secondary screens. Report author Nitin Bhas commented: “These devices would need to incorporate intuitive and user-friendly functionalities and capture the imagination of the general public making the technology seamless within their daily routine.”
The new report suggests that shipments of smart glasses will be driven primarily by the consumer sector, followed by the enterprise and healthcare sector.
A previous report by Juniper estimates that retail revenues from wearable tech devices will reach $19 billion by 2018, saying the market is already worth $1.4 billion this year.