Vuzix

AR Optics: IDTechEx Explores Insights from IDTechEx at CES 2024

Retrieved on: 
Tuesday, February 13, 2024

However, startling progress is being made to solve this, with CES 2024 giving a great overview of recent developments in AR optics and spatial computing overall.

Key Points: 
  • However, startling progress is being made to solve this, with CES 2024 giving a great overview of recent developments in AR optics and spatial computing overall.
  • The two biggest AR headset announcements at this year's CES took very different approaches.
  • TCL's upcoming RayNeo X2 Lite headset fell under the banner of "lite AR".
  • The stories presented here provide only a small portion of IDTechEx's insights from CES 2024, which are available to their subscribers, amongst much more timely information on emerging technologies on their portal.

AR Optics: IDTechEx Explores Insights from IDTechEx at CES 2024

Retrieved on: 
Tuesday, February 13, 2024

However, startling progress is being made to solve this, with CES 2024 giving a great overview of recent developments in AR optics and spatial computing overall.

Key Points: 
  • However, startling progress is being made to solve this, with CES 2024 giving a great overview of recent developments in AR optics and spatial computing overall.
  • The two biggest AR headset announcements at this year's CES took very different approaches.
  • TCL's upcoming RayNeo X2 Lite headset fell under the banner of "lite AR".
  • The stories presented here provide only a small portion of IDTechEx's insights from CES 2024, which are available to their subscribers, amongst much more timely information on emerging technologies on their portal.

Vuzix Announces That NTT QONOQ Now Supports the Use of Its NTT XR Real Support Solution on Vuzix M400 Smart Glasses

Retrieved on: 
Monday, January 29, 2024

ROCHESTER, N.Y., Jan. 29, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that NTT QONOQ, the XR arm of NTT Group, Japan's leading company in the telecommunications business, now supports the use of its NTT XR Real Support solution on Vuzix M400™ smart glasses.

Key Points: 
  • ROCHESTER, N.Y., Jan. 29, 2024 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that NTT QONOQ, the XR arm of NTT Group, Japan's leading company in the telecommunications business, now supports the use of its NTT XR Real Support solution on Vuzix M400™ smart glasses.
  • NTT XR Real Support* is a remote work support solution using mixed reality (MR) technology to solve problems such as technical transfer, manpower shortage, and ensuring safety.
  • It contains various functions of web conferencing tools, and MR functions provide support for on-site work that cannot be achieved by other tools.
  • We look forward to working with them to bring Vuzix smart glasses to a wide range of their customers."

Augmented Reality (AR) Industry Insights 2024-2030 Featuring Recent Developments & Revenue Metrics Across Multiple Applications for Key Players Kopin, Seiko Epson, and Vuzix Among Others

Retrieved on: 
Friday, January 19, 2024

Likewise, AR technology is advancing on multiple fronts, with compact and lightweight AR headsets increasing consolation and portability.

Key Points: 
  • Likewise, AR technology is advancing on multiple fronts, with compact and lightweight AR headsets increasing consolation and portability.
  • Besides, North America leads augmented fact (AR) adoption, fuelled by industry giants Microsoft, Google, and Meta, spearheading hardware and software program innovation.
  • Leading worldwide augmented reality (AR) businesses include Kopin Corporation, Seiko Epson Corporation, Vuzix, Lenovo Group Limited, Samsung Electronics Co. Ltd., Google LLC (Alphabet Inc.), Apple Inc., and Microsoft Corporation.
  • Component - Augmented Reality Market breakup from 2 viewpoints:
    Device Types - Augmented Reality Market breakup from 3 viewpoints:

Global Smart Eyewear Market Size Expected to Reach $10.6 Billion By 2024

Retrieved on: 
Wednesday, December 13, 2023

PALM BEACH, Fla., Dec. 13, 2023 /PRNewswire/ -- Smart glasses are considered as wearable computer glasses that add information to what the wearer sees such as navigation, health and fitness, designing, virtual reality (VR) and augmented reality (AR), and much more. Smart glasses are not yet a mainstream consumer good but are mainly used in entertainment industry, military and businesses. Soon the global smart glass market will emerge as important and trendy as the regular eyewear. Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period. Another report from Grand View Research added that the global smart glasses market size was valued at USD 1,232 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2023 to 2030. The demand for smart glasses is increasing due to their ability to perform complex computer powered tasks. Moreover, the rising trend of wearable technology coupled with increasing technological advancements is expected to fuel the growth of smart glasses market further… the market for smart glasses is projected to benefit from new developments in 5G technologies and a rising shift toward digitization in the forecast period. The report said: "The ability of platforms to work with conservational platforms such as Google Assistant and Alexa are allowing users hands free operability. Apple Inc. is working towards its own smart glasses which will be compatible with iOS operating system and will incorporate siri to offer hands free operability experience to its users… The increased technological innovations is expected to fuel the market growth over the forecast period." Active Tech Companies active today in markets include: Innovative Eyewear, Inc. (NASDAQ: LUCY), GoPro, Inc. (NASDAQ: GPRO), Vuzix Corporation (NASDAQ: VUZI), NVIDIA Corporation (NASDAQ: NVDA), Snap Inc. (NYSE: SNAP).

Key Points: 
  • Soon the global smart glass market will emerge as important and trendy as the regular eyewear.
  • Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period.
  • The audio smart glasses segment registered for the largest revenue share of around 29% of the market in 2022.
  • Innovative Eyewear, Inc. (NASDAQ: LUCY): Innovative Eyewear, Inc. Launches Nautica Smart Eyewear Under Multi-Year, Global Licensing Agreement with Authentic Brands Group - Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica Smart Eyewear collection.

Global Smart Eyewear Market Size Expected to Reach $10.6 Billion By 2024

Retrieved on: 
Wednesday, December 13, 2023

PALM BEACH, Fla., Dec. 13, 2023 /PRNewswire/ -- Smart glasses are considered as wearable computer glasses that add information to what the wearer sees such as navigation, health and fitness, designing, virtual reality (VR) and augmented reality (AR), and much more. Smart glasses are not yet a mainstream consumer good but are mainly used in entertainment industry, military and businesses. Soon the global smart glass market will emerge as important and trendy as the regular eyewear. Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period. Another report from Grand View Research added that the global smart glasses market size was valued at USD 1,232 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2023 to 2030. The demand for smart glasses is increasing due to their ability to perform complex computer powered tasks. Moreover, the rising trend of wearable technology coupled with increasing technological advancements is expected to fuel the growth of smart glasses market further… the market for smart glasses is projected to benefit from new developments in 5G technologies and a rising shift toward digitization in the forecast period. The report said: "The ability of platforms to work with conservational platforms such as Google Assistant and Alexa are allowing users hands free operability. Apple Inc. is working towards its own smart glasses which will be compatible with iOS operating system and will incorporate siri to offer hands free operability experience to its users… The increased technological innovations is expected to fuel the market growth over the forecast period." Active Tech Companies active today in markets include: Innovative Eyewear, Inc. (NASDAQ: LUCY), GoPro, Inc. (NASDAQ: GPRO), Vuzix Corporation (NASDAQ: VUZI), NVIDIA Corporation (NASDAQ: NVDA), Snap Inc. (NYSE: SNAP).

Key Points: 
  • Soon the global smart glass market will emerge as important and trendy as the regular eyewear.
  • Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period.
  • The audio smart glasses segment registered for the largest revenue share of around 29% of the market in 2022.
  • Innovative Eyewear, Inc. (NASDAQ: LUCY): Innovative Eyewear, Inc. Launches Nautica Smart Eyewear Under Multi-Year, Global Licensing Agreement with Authentic Brands Group - Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica Smart Eyewear collection.

Vuzix Completes Delivery to a Leading Defense Firm

Retrieved on: 
Wednesday, December 6, 2023

ROCHESTER, N.Y., Dec. 6, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced it has completed delivery against the final stage of a development program from a leading US-based defense contractor and information technology services provider.

Key Points: 
  • ROCHESTER, N.Y., Dec. 6, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced it has completed delivery against the final stage of a development program from a leading US-based defense contractor and information technology services provider.
  • Vuzix has delivered a custom-designed waveguide and custom light engine that are intended to be used in head borne systems designed for military applications.
  • This initial development program was part of a phased effort that would ultimately address a broad market for US and allied military personnel.
  • "We have been working closely with this defense contractor over the past 18 months to design, produce and deliver a solution that can be integrated into many head worn products," said Paul Travers, President and CEO of Vuzix.

Augmented Reality and Virtual Reality Market size to grow by USD 364.55 billion from 2022 -2027 | The increasing demand for AR and VR technology to drive the market growth - Technavio

Retrieved on: 
Friday, November 24, 2023

Additionally, multiple companies are manufacturing hardware like headsets, smart glasses, and lenses for AR technology.

Key Points: 
  • Additionally, multiple companies are manufacturing hardware like headsets, smart glasses, and lenses for AR technology.
  • The increasing popularity of AR is boosting its utilization in diverse sectors including enterprise, retail, healthcare, media and entertainment, and education.
  • This escalating adoption of AR across different sectors is expected to drive the growth of the AR segment.
  • Such substantial investments drive technological advancements, boosting innovation and expansion within the global AR and VR market, expected to escalate during the forecast period.

Vuzix Unveils Sports & Fitness Configuration of Ultralite Smart Glasses Platform with New Award Winning Ultralite S

Retrieved on: 
Thursday, November 16, 2023

ROCHESTER, N.Y., Nov. 16, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced the expansion of its Vuzix Ultralite OEM PlatformSM with its new, award winning Ultralite S AR smart glasses aimed in part at sports and fitness users.

Key Points: 
  • ROCHESTER, N.Y., Nov. 16, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced the expansion of its Vuzix Ultralite OEM PlatformSM with its new, award winning Ultralite S AR smart glasses aimed in part at sports and fitness users.
  • The Vuzix Ultralite S, a design based on the Vuzix Ultralite OEM Platform, has been named a CES® 2024 Innovation Awards winner in the Wearable Technologies and Sports & Fitness categories.
  • Vuzix' Ultralite S AR smart glasses deliver the most fashionable and lightweight pair of AR smart glasses ever assembled.
  • Vuzix Ultralite S also employs Vuzix Incognito technology, virtually eliminating the eyeglow or forward light found with other waveguide-based solutions.

Vuzix Enters into a Partnership Agreement with Quanta Computer

Retrieved on: 
Wednesday, November 15, 2023

ROCHESTER, N.Y., Nov. 15, 2023 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, and Quanta Computer ("Quanta"), a Global Fortune 500 Company and worldwide leading Original Design Manufacturer (ODM), today announced that the two firms have entered into a partnership agreement which will support the manufacture of next generation lightweight smart glasses for the broader markets.

Key Points: 
  • Quanta and Vuzix are committed to presenting innovative smart glasses solutions for the broader markets, making it accessible to a wide range of interested market participants.
  • "We are excited to join forces with Vuzix to revolutionize the AR smart glasses industry," said C.C.
  • Leung, Vice Chairman and President of Quanta Computer.
  • "This partnership agreement between Vuzix and Quanta represents an important step toward advancing the capabilities of AR smart glasses and their associated accessories as it aims to address the evolving needs of consumers and enterprises by delivering state-of-the-art technology that seamlessly integrates into everyday life," said Paul Travers, President and CEO of Vuzix.