Bharat Book Bureau Provides the Trending Market Research Report on “Smart Glasses Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Sunglasses & Eyeglasses), By End User (Men, Women and Kids), By Frame Shape (Circle, Oval, Rectangle, Others {Wayfarer, Aviators, etc.}), By Distribution Channel (Hypermarket & Supermarket, Specialty Stores, Online, Others), By Region” under the Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
Global Smart Glasses Market value is anticipated to grow with an impressive CAGR during the forecast years on the backbone of growing advancement in the eye-wears. Growing advancement and demand for the innovative fashionable accessories further drives the growth of the global smart glasses market in the upcoming five years. Rising disposable income among the population and growing economies further support the growth of the global smart glasses market in the next five years. Growing demands for the smart devices and accessories and rising investment in the research and development of these products also fuels the growth of the global smart glasses market in the future five years. Smart glasses trend are evolving owing to the fashionable options and enhancing the potential growth of the global smart glasses market size.
Technological Advancement Drives Market Growth
Future of smart glasses is highly dependent on the advancement in the technology and innovative product development. The factor will actively drive the growth of the global smart glasses market in the upcoming five years. The available products in the market are incorporated with AI and higher connectivity. With Bluetooth enabled features that allow voice calling, integrated speakers, noise-canceling microphones, and a surprisingly good camera quality alike features substantiate the demands for the smart glasses thus aiding the market growth.
These advancements are available in the sunglasses as well as eye-glasses used to correct eye sights. Thus, growing industrial expansion of sunglasses and eye-glasses further drives the growth of the market. Globally in the year 2021, sunglasses market value was over 40% growth, while global eyewear market was valued over USD79 Billion in the year 2021. The technological advancement in both type of glasses would act as a major factor driving the growth of the global smart glasses market in the forecast years.
Rising Disposable Income Drives Market Growth
Rapidly increasing financial stabilities have endured the consumers to spend lavishly over fashion and accessories. Expansion of fashion industry highly depends on the consumer’s spending capacity as well as the affordability of the products followed by the evolving consumer’s preferences. Although the smart glasses available in the market cannot be categorized as very affordable, the features and added advantages of them are influencing the purchasing pattern of the consumers enough and has definite potential for the market growth in the forecast period.
Market Segmentation
The global smart glasses market segmentation is based on product type, end user, frame shape, distribution channel, regional distribution, and competitive landscape. Based on product type, the market is differentiated between sunglasses and eyeglasses. By end user, the market is further segmented into men, women, and kids. Based on frame shape, the market is fragmented into circle, oval, rectangle, and others like wayfarer, aviators, etc. By distribution channel, the market is bifurcated into hypermarket & supermarket, specialty stores, online, and others. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.
Company Profile
Luxottica Group (Ray-Ban), Bose Corporation, Fastrack LTD, Huawei Technologies Co. Ltd., Oakley, Inc., Razer Inc., MusicLens, Inc., are enlisted in a partial list of major market players of the global smart glasses market.
Report Scope:
In this report, global smart glasses market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Smart Glasses Market, By Product Type:
oSunglasses
oEyeglasses
•Smart Glasses Market, By End User:
oMen
oWomen
oKids
•Smart Glasses Market, By Frame Shape:
oCircle
oOval
oRectangle
oOthers
•Smart Glasses Market, By Distribution Channel:
oHypermarket & Supermarket
oSpecialty Stores
oOnline
oOthers
•Smart Glasses Market, By Region:
oNorth America
§United States
§Mexico
§Canada
oAsia-Pacific
§China
§India
§Japan
§Australia
§South Korea
oEurope
§Germany
§France
§United Kingdom
§Spain
§Italy
oSouth America
§Brazil
§Argentina
§Colombia
oMiddle East & Africa
§South Africa
§Saudi Arabia
§UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global smart glasses market.
Available Customizations:
With the given market data, offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).
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