The AR/VR headset market is experiencing significant changes, with shipments declining by over 60% in Q1 2024, according to IDC. Major players such as Apple, Meta, XREAL, and HTC are competing for market dominance. Meta holds a leading 64% market share, while Apple's Vision Pro is expected to sell under 500,000 units this year, with a projected 75% drop in US sales in Q3 2024. Research from CounterPointTR indicates that AR smart glasses may soon overtake VR headsets, with the global AR glasses market projected to grow at a CAGR of 53% from 2023 to 2030, driven by applications in medicine, defense, and the metaverse.