Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The "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, By Distribution Channel, By Region" report has been added to ResearchAndMarkets.com's offering.
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.
Competitive Landscape
Detailed analysis of the major companies present in global smart glasses market.
- Luxottica Group (Ray-Ban)
- Bose Corporation
- Fastrack LTD
- Huawei Technologies Co. Ltd.
- Oakley, Inc.
- Razer Inc.
- MusicLens, Inc.
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:
- Sunglasses
- Eyeglasses
Smart Glasses Market, By End User:
- Men
- Women
- Kids
Smart Glasses Market, By Frame Shape:
- Circle
- Oval
- Rectangle
- Others
Smart Glasses Market, By Distribution Channel:
- Hypermarket & Supermarket
- Specialty Stores
- Online
- Others
Smart Glasses Market, By Region:
- North America
- United States
- Mexico
- Canada
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Europe
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
For more information about this report visit https://www.researchandmarkets.com/r/cq375h-glasses?w=12
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