AR Glasses to Grow into $1b Market in 2017

PRNewswire: According to CCS Insight's report on wearable tech, shipments of AR and VR headsets forecast to grow 15 times to 96 million units by 2020, at a value of $14.5 billion. The report also indicates that the AR segment alone is expected to grow into a $1 billion business in 2017. As the technology continues to evolve AR products are expected to become an enterprise market opportunity, unlike the consumer focused VR.

Apple is said to be jumping on the smart-glasses market train and may launch a product by 2018. Bloomberg states Apple has recently opened up the idea during meetings with possible providers for components of augmented reality glasses and "has ordered small quantities of near-eye displays from one supplier" for testing purposes. The device would connect to the iPhone and present images over the wearer's vision - a la Google Glass.