Massive Infographic Shows Augmented Reality Market Predictions By Year 2025
Augmented reality isn’t just Snapchat filters and Pokemon Go. The infographic below, created by Nowsourcing with research provided by Lumus, helps explain how AR is likely to affect numerous industries in the next few years.
Touching on such industries as gaming, real estate and retail, the infographic optimistically throws around multiple-billion dollar figures with impunity.
Projected until the year 2025, leading the charts is video games at $11.6 billion. Known for its massive spending budget, it’s ironic then that the budget for military spending is expected to be a “paltry” $1.4 billion.
According to the research, it would also seem that consumers are excited about the inclusion of augmented reality features in their favorite brands. Shoppers were polled about their attitudes towards retailers that offered AR as a part of their shopping experience, and a whopping 71% of them reported that they would shop more often at a store where AR experiences were offered.
Another interesting statistic can be found in the travel section. Apparently, 84% of consumers polled responded that they would be interested in using VR/AR for travel experiences. Whether or not this will impact the travel industry in any meaningful way is still up in the air, but in a world where one can “travel” to Rome or Bangkok just by donning a VR headset, it’s not hard to imagine that people may satisfy their need for travel with a quick 10 minute trip to a tropical beach instead of a 3 day vacation to Cabo.
While it’s still too early to tell just how strong the impact of virtual and augmented reality will be on major industries, the fact is that some of the biggest companies in the world are betting heavily on this new tech. From fashion to travel, it seems that every industry wants to integrate AR into their business model.
IMPORTANT NEWS: Lucyd Update August 6th
Hello Lucyd community! Thanks for your interest and support. We have a lot of exciting developments in the works for 2018 and beyond.
1. The Lucyd eShop opened last week. This will be our sales platform for all Lucyd products. We have launched with four main lines of frames, international shipping, a variety of Rx and plano lens options, and more. The first four lines are Lucyd Loud, a Bluetooth “soundglass” that enables handsfree music and voice assistant; Turboflex, a line of durable, flexible frames; Di Valdi, cutting-edge Italian designer frames, and Lucyd Looks, basic frames with a unique understated style.
In addition to our in-house development of Lucyd Lens and Loud, we are continually researching the best tech and fashion forward glasses worldwide, to make them available on the eShop. We are also making ongoing improvements to the UX of the eShop, so please give us a few weeks as we polish the mobile and desktop experience.
Some of you may be surprised by our decision to launch an eShop, because this is a new development not outlined in our roadmap. But we realized it was needed to allow for the proper customization of our hardware to address the visual requirements of our customers, and the concept of an eShop for tech glasses was born. It has already become one of the only places in the world to purchase Bluetooth glasses with prescription lenses, and likely the only one to deliver in a timely fashion. It is also the first online store in the world for purchasing prescription eyeglasses using crypto as well as fiat currency.
2. The LCD token. Many of you are wondering when LCD will come into play. We are currently developing a wearable app for LCD to enable its use with both Lucyd Lens and Loud. We are also developing integration into the eShop for a rewards program, and redemption for hardware and software. We expect to have these utilities in the next 6–7 months.
3. Lucyd Loud, the Bluetooth soundglass, is still a beta product. We plan to make several enhancements to both the style and technology in this product over the next year.
4. Lucyd Lens, the visual AR smartglass, is expected to enter beta on time in Q1 2019. It will be released via the eShop.
5. We are also developing an app called LINK to improve the usability of smartglasses for common smartphone tasks, with a focus on messaging, navigation, social and search.
6. The LCD token portal at lcd.lucyd.co is temporarily down. It will be back up shortly with an access link in the footer of the eShop.
That’s all for now! Stay tuned for more updates, and upgrade your eyewear now at lucyd.co!