AR Glass Market

AR Glass Companies - XReal, Inc. (China) and Magic Leap, Inc. (US) are the Key Players

The AR glass market is projected to reach USD 9.98 billion by 2030 from USD 0.98 billion in 2025, growing at a CAGR of 59.0% during the forecast period.

The major factors driving the AR glass market are the mounting adoption in industrial and enterprise applications, rapid advances in display and sensor technologies, the rising investment by major technology players, and the surging demand for hands-free operation. In addition, expanding applications in healthcare, aerospace, and defense industries, the integration with AI and emerging technologies, and the rise of remote work and collaboration tools provide ample opportunities for players in the AR glass market. These trends are reinforced by increasing enterprise digitalization and the need for real-time data visualization across critical workflows. Moreover, the introduction of 5G and edge computing is unlocking faster, more responsive AR experiences, accelerating adoption in developed and emerging markets.

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Major AR Glass Companies Include:

  • XReal, Inc. (China)
  • Magic Leap, Inc. (US)
  • Microsoft (US)
  • Seiko Epson Corporation (Japan)
  • Rokid (China)
  • MEIZU (China)
  • RealWear Inc (US)
  • RayNeo (China)
  • Red Six Aerospace, Inc. (US)
  • Hong Kong Lawaken Technology Limited (China)

Some key companies in the AR glass market include XREAL, Inc. (China), Magic Leap, Inc. (US), Microsoft (US), Seiko Epson Corporation (Japan), and Rokid (China). These players focus on product portfolio expansion strategies, technological innovations, sustainability initiatives, and market share expansion to increase their global presence. The AR glass market is currently driven by two dominant strategies,  including product innovation and ecosystem expansion. Companies like XREA Inc., Seiko Epson Corporation, Magic Leap, Inc., and Rokid are enhancing device performance through advanced optics, lighter designs, and immersive features tailored for enterprise use. They also focus on building comprehensive XR ecosystems by integrating hardware, software, and platform capabilities to drive broader adoption.

For instance, in March 2023, Rokid launched the Rokid Max AR glasses featuring a 50° FOV and Micro-OLED optics, aimed at delivering immersive entertainment in a lightweight design. In January 2024, XREAL partnered with Qualcomm to develop AI- and 5G-powered smart glasses, targeting enhanced AR applications in sports, fitness, and assisted environments.

XREAL, Inc.

XREAL, Inc. is growing its presence in the AR glass market through product development and strategic partnerships. In June 2025, the company launched the XREAL One Pro, its most advanced AR glasses with a wide 57-degree field of view and ultra-thin lenses that improve brightness and reduce interference from surrounding light. This product focuses on delivering a clear and immersive experience for power users and professionals. In May 2025, XREAL, Inc. partnered with Google to expand the Android XR ecosystem. As part of this collaboration, it introduced Project Aura, a lightweight AR device powered by Gemini AI and built for Android XR. Developed with Qualcomm Technologies, Project Aura uses Snapdragon XR chipsets to enhance performance and user experience. Through these combined efforts, XREAL, Inc. continues strengthening its role as a key innovator in the evolving AR landscape.

Magic Leap, Inc.

Magic Leap, Inc. is strengthening its position in the AR glass market through a balanced combination of product innovation and strategic collaboration. In September 2022, the company launched the Magic Leap 2, its next-generation enterprise AR platform. The device introduced features such as Dynamic Dimming technology, a significantly smaller and lighter form factor, and a larger field of view, addressing key barriers to AR adoption in sectors such as healthcare, manufacturing, retail, and defense. On the partnership front, in May 2024, it announced a strategic alliance with Google to advance XR technologies. By combining its deep expertise in optics and AR hardware with Google’s software and platform capabilities, the partnership is set to accelerate the delivery of immersive experiences and broaden the reach of XR applications. Together, these efforts reflect its focused strategy to lead innovation and adoption in enterprise-grade augmented reality.

Market Ranking

The AR glass market is consolidated, with five main players collectively accounting for approximately 65–75% of the total market share. XREAL Inc. offers a robust portfolio of AR glasses, including models such as Air, Air 2 Ultra, One, and One Pro. These products are designed to support large field-of-view displays, slim lens architecture, and plug-and-play usability, targeting consumers and professionals. Magic Leap Inc. focuses on enterprise-grade AR with its flagship Magic Leap 2, which features advanced optics, improved dimming control, and a lightweight build for sectors such as healthcare and manufacturing. Microsoft continues to develop its HoloLens 2 headset, offering consistent software improvements and integrations with productivity tools like Dynamics 365. Seiko Epson Corporation contributes with its Moverio AR glasses, which cater to business and industrial applications and emphasize hands-free operations and real-time content display. Rokid provides consumer-friendly AR wearables like the Rokid Max, offering full HD visuals and a 3D viewing mode, highlighting entertainment and personal productivity use cases.

Related Reports:

AR Glass Market by Standalone AR Glass, Tethered AR Glass, Markerless Augmented Reality, Marker-based Augmented Reality, Display, Sensor, Lens, Processor & Memory, Controller, Camera, Case & Connector and Region - Global Forecast to 2030

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AR Glass Market Size,  Share & Growth Report
Report Code
SE 9456
RI Published ON
7/10/2025
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