Business Is Driving the Smart Glasses Boom: Kiplinger Forecasts
The advanced tech has many practical uses for companies.
To help you understand what is going on in the tech sector and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
As Apple and Meta battle it out to push virtual reality to the mainstream, don’t overlook the growing array of practical business uses of smart glasses in manufacturing, car repair, energy work, logistics, etc.
Shipments of smart glasses — a segment that includes augmented-reality glasses that overlay digital information onto the real world, and much simpler devices with a mini-display — are set to jump. It’s still a small category, but ABI Research estimates shipments will hit 25 million among business users in 2027, versus fewer than 2 million in 2022. One big use: Remote assistance, where someone in the field wears glasses equipped with a camera and microphone, and someone back in the office can walk them through the work.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Expect many success stories for the productivity-boosting tech soon. But also many stumbles.
The Microsoft HoloLens, a cutting-edge AR device, has had numerous issues being integrated into military training, despite its promise. Google, which made a splash with its early set of glasses, has abandoned the project. Other companies working on promising devices: TeamViewer, Vuzix and Lenovo. One lightweight model from Vuzix used in healthcare and other settings costs $1,800.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
Related Content
- The VR Race is Officially On: Kiplinger Economic Forecasts
- 9 Best Metaverse Stocks for the Future of Technology
- Where AI Can Save Businesses the Most Money
- Online AI Bootcamps Are Booming: Kiplinger Economic Forecasts
- How AI Could Benefit Financial and Real Estate Customers
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
John Miley is a Senior Associate Editor at The Kiplinger Letter. He mainly covers technology, telecom and education, but will jump on other important business topics as needed. In his role, he provides timely forecasts about emerging technologies, business trends and government regulations. He also edits stories for the weekly publication and has written and edited e-mail newsletters.
He joined Kiplinger in August 2010 as a reporter for Kiplinger's Personal Finance magazine, where he wrote stories, fact-checked articles and researched investing data. After two years at the magazine, he moved to the Letter, where he has been for the last decade. He holds a BA from Bates College and a master’s degree in magazine journalism from Northwestern University, where he specialized in business reporting. An avid runner and a former decathlete, he has written about fitness and competed in triathlons.
-
Earn Delta SkyMiles Worth Up to $1,800 with an AMEX Business Card
Delta SkyMiles and American Express offer 150,000 on business credit card for new cardholders.
By Ellen Kennedy Published
-
Stock Market Today: Markets Soar Amid Strong Earnings for Big Tech
Equities ended the week on an up note thanks to some of the market's biggest names.
By Dan Burrows Published
-
AI to Power the Next Generation of Robots
The Kiplinger Letter There's increasing buzz that the tech behind ChatGPT will make future industrial and humanoid robots far more capable.
By John Miley Published
-
The Robots Are Coming... But Not For a While
The Kiplinger Letter There’s excitement in the tech sector over the potential of humanoid robots, but widespread adoption is likely to be years away.
By John Miley Published
-
Farmers Face Another Tough Year As Costs Continue to Climb: The Kiplinger Letter
The Kiplinger Letter Farm income is expected to decline for a second year, while costs continue to up-end farm profitability.
By Matthew Housiaux Published
-
India's Semiconductor Sector Eyes Expansion Amid AI Chip Boom: The Kiplinger Letter
The Kiplinger Letter As Wall Street’s love affair with chip firms continues, a recent report highlights India’s plans to expand its semiconductor industry.
By John Miley Published
-
H-1B Work Visa Rules Get a Revamp
The Kiplinger Letter H-1B visas allow employers to hire high-skilled foreign workers. Regulators have finalized new rules for this visa program following last fall's proposal.
By Matthew Housiaux Published
-
Woes Continue for Banking Sector: The Kiplinger Letter
The Kiplinger Letter Regional bank stocks were hammered recently after news of New York Community Bank’s big fourth-quarter loss.
By Rodrigo Sermeño Published
-
Are College Athletes Employees of Their Schools?: The Kiplinger Letter
The Kiplinger Letter A recent ruling has ramifications for labor relations and the unionization of student athletes.
By Sean Lengell Published
-
Salton Sea Clean Energy and Lithium Project Gets Approval: The Kiplinger Letter
The Kiplinger Letter California's Salton Sea is due to see the construction of a new lithium extraction and geothermal clean energy power plant.
By Matthew Housiaux Published