NEW YORK, November 17, 2016 /PRNewswire/ --
The wearable devices market is already becoming an integral
fraction of the technology sector, yet some wearables are more
interesting than others. Virtual Reality (VR) headsets and
Augmented Reality (AR) smart-glasses are particularly interesting
products. Not only is the technology is impressive, but also
because of the wide range of application in which such devices can
be used. VR headsets seem to concentrate on entertainment, but the
AR smart-glasses can be used for much more, including industrial,
manufacturing and medical applications. Vuzix Corporation (NASDAQ:
VUZI), Intel Corporation (NASDAQ: INTC), Alphabet Inc. (NASDAQ:
GOOGL), Microsoft Corporation (NASDAQ: MSFT), Apple Inc. (NASDAQ:
AAPL)
According to CCS Insight's report on wearable tech
forecast, 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.
Vuzix Corporation (NASDAQ: VUZI) is a developer and
supplier of smart glasses and video eyewear products in the
consumer, enterprise and industrial markets. The company's
technology and premise attracted attention. In January 2015 Vuzix received a $24.8 million investment from Intel
Corporation (NASDAQ: INTC) to be used as working capital to
accelerate the research and development of the next generation of
Vuzix wearable display products for the consumer marketplace. The
major shareholders of Vuzix are the founding management team and
Intel Corporation, which collectively own approximately 40% of the
company.
On November 11th Vuzix
Corporation announced that it has received four International CES
Innovation 2017 awards, for its upcoming Blade 3000 Smart
Sunglasses. The Blade 3000 Smart Sunglasses have a wearable smart
display which uses the company's proprietary waveguide optics and
Cobra II display engine. The company described it as "having your
computer or smartphone screen information with you wherever you
go."
Another popular product of Vuzix Corporation is the Vuzix M300,
next generation of Smart Glasses for hands-free mobile computing.
The wearable device designed to provide easy access to information,
data collection and more. The company claims that the M300 has
potential to open new opportunities in industrial, medical, retail,
supply chain, remote help desk, and other aspects of your
business.
Alphabet Inc. (NASDAQ: GOOGL) Google glass failed, but
the potential was there, and new technology will build on it.
Google Glass has received the most exposure in healthcare and has
been important in stimulating companies to further develop
applications and hardware for smart glasses. Google Glass is
considerably one of the very first extensive instances of Smart
Glasses in the health sector. The goal for medical professionals,
is to bring better care and the existing systems assembled upon
Google Glass only draws closer. Smart Glasses with hands free
interaction and its AR capabilities will allow doctors access to
all the necessary tools desired to accomplish this goal.
Microsoft Corporation (NASDAQ: MSFT) holographic computer
built-in headset, HoloLens, spans realities by connecting virtual
reality and augmented reality to form a brand new reality, mixed
reality. Interacting with holograms in mixed reality allows users
to discover, envision, create, visualize and work with digital
content as part of their real world. HoloLens generate a more
natural way to interact with built in features called Gaze,
Gesture, and Voice. Built-in sensors allow users to gaze and move
the cursor in order to select holograms, simple gestures open apps
allowing its drag and drop function, and voice commands navigate
and select through the apps with a built-in assistance known as
Cortana to aid users. Currently, the Microsoft HoloLens Development
Edition is $3,000 USD.
Apple Inc. (NASDAQ: AAPL) is said to be jumping on the
smart-glasses market train and may launch a product by 2018. With
Chief Executive Officer Tim Cook's
comments on his interest being pretty explicit, it's a given that
Apple is looking into augmented reality along with numerous patents
which have surfaced. 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.
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