Market Support

Per a Grand View Research report, a 70% CAGR is projected for the Head-Mounted Display Augmented Reality technology space from 2016-2024, at a market size of over $100B (2024).

The number of global Bluetooth beacon devices is projected to grow at a rate of 222.8% year over year during the period of 2016-2020. This market is being propelled by a number of key influencers including Apple (developer of iBeacon technology) as well as Microsoft and Google (developers of beacon technology standards).

IHS Market expects that the number of smartphones will surpass 6 billion devices by the year 2020, where a majority of these devices which will be Bluetooth enabled.