Global Smart Eyewear Market, By Technology (Virtual Reality, Augmented Reality), By Operating System (Linux, Android, Others), By Application (Personal, Wellness, Medical),By Sales Channel (E-commerce, Optical Stores, Specialty Stores), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
Published:
April 2020
Report Code:
BWC20048
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smart eyewear market bwc20048

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Global Smart Eyewear Market – Market Forecast & Trends

Growing adoption of smart eyewear for various use such as wellness, medical, and personnel across the globe and rising penetration of smart eyewear will fuel the growth of the target market. Growing industrial advancement in eyewear products, resulting in increasing demand for technologically advanced smart devices amid consumers increasing requests for smart eyewear across the globe. Besides, Rising accessibility of many brands smart eyewear on e-commerce websites and growing approval of smart eyewear among individuals across the globe. Among other factors such as growing demand for smart eyewear in healthcare and automobile industries, growing awareness related to smart eyewear amid consumers. Increasing smart eyewear manufacturers' focus on the making of technologically advanced products and high investment in R & D activates are probable to drive the growth of the target market over the estimated period.

Global Smart Eyewear Market – Overview

Smart eyewear is a special kind of wearable calculating device that shows data onto a field of view is attained through OHMD (optical head-mounted display). Smart eyewear or smart glasses recover vision, and this device usually linked to smartphones, which permit the demonstration of call details, text, and others. Besides, smart eyewear is supportive in tracking medicine consumption, and it actions blood glucose levels. The smart eyewear is very common among individuals, and it is mainly used for many uses, including medical, wellness, and personal.

 

Growth Drivers

Rapid innovations and rise in advanced technologies

The augmented responsiveness of smart eyewear allows driving the global smart eyewear market. Smart glasses have consequences in the health care industry in surgeries. The benefits such as speech recognition, gesture recognition, eye tracking are enabled to gain the grip of the global smart eyewear market. However, the smart eyewear costlier than conventional devices, which may hinder the global smart eyewear market over the prediction period.

 

Rising availability of numerous brands smart eyewear

Rising accessibility of various brands on E-commerce websites and increasing approval of smart eyewear among individuals through the sphere. These are amid other factors predictable to increase the target market development during the prediction period. In addition, rising demand for smart eyewear in healthcare and automobile industries and raising consciousness about various properties related to smart eyewear among consumers. These are other factors expected to fuel the development of the global market.

Global Smart Eyewear Market: Segmentation

The global smart eyewear market has been segmented based on product type, operating system, end use industry, distribution of sales and geography.

Based on operating system, the market for smart eyewear has been segmented into IOS and Android. In 2017, Android segment hold the highest major market share in the smart eyewear market.

Based on product type, the smart eyewear market has been splinted into mixed reality holographic displays, head-mounted displays, assisted reality glasses, and smart helmets amid others. The head-mounted show section is probable to raise at the highest CAGR rate during the forecast period. This is mostly due to; the growing mindfulness of smart eyewear enables equipment to drive the global smart eyewear market.

Because of the end-use industry, the market for smart eyewear has been segregated into many types, which comprises consumer electronics, healthcare, enterprise, and industrial amid others. In 2017, consumer electronics gripped the leading market share in the global smart eyewear market.

Furthermore, based on the distribution channel, the global smart eyewear market has been divided into online and offline. The devices warn in hazardous situations. Moreover, one of the main benefits is that the computer-generated video or images are probable out in a space in front of the eyes of the end-user. On the other side, the smart eyewear costlier than the conservative devices, which is predictable to hamper the development of the product market in the coming years.

Geographically, the Global Smart Eyewear market is divided into North America, Europe, Asia-Pacific, and LAMEA regions. North America region had the main market for the specialty enzymes in 2014 due to the presence of numbers of biopharmaceutical companies in the U.S. and favorable government regulations.

 

Global Smart Eyewear Market: Regional insights

The market in North America grips the main revenue share in the global market due to the high acceptance of smart eyewear among sports players and fitness supporters in countries such as the US and Canada in the region. In addition, the high occurrence of smart devices manufacturers and high health spending are some factors expected to drive the growth of the North America smart eyewear market. The market in Europe and the Asia Pacific are predictable to list significant development in the global market due to the high adoption of smart devices and growing expenditure on healthcare in countries such as France, Russia, UK, India, Japan, and China in these regions. The market in Middle East & Africa is projected to register healthy development in terms of income, followed by the market in Latin America over the prediction period.

Competitive Landscape

Google (The U.S.), Microsoft Corporation (The U.S.), Recon Instruments (Canada), Vuzix (The U.S.), Meta (The U.S.), Lumus Ltd. (Israel), cast AR (The U.S), Sony Corporation (Japan), and JIN Co., Ltd. (Japan) among others.

Recent Development

Ø  In June 2018, OSRAM Licht AG showed eyewear equipment characterized by Human Centric Lightning at Boston TechJam. Allegedly, the eyewear equipped with LED replicates myriad levels of daylight for human body to regulate to numerous surroundings. For the record, the new tools was provided to German ski team during 2018 winter Olympics along with BMW Motor Sport team.

·         By Technology

ü  Virtual Reality

ü  Augmented Reality

·         By Operating System

ü  Linux

ü  Android

ü  Others

·         By Application

ü  Personal

ü  Wellness

ü  Medical

 

·         By Sales Channel

ü E-commerce

ü Optical Stores

ü Specialty Stores

 

·         By Region

ü  North America

ü  Europe

ü  Asia Pacific

ü  South America

ü  Middle East & Africa

 

The objective of the Study:

Ø  To analyze and forecast the Global Smart Eyewear market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Smart Eyewear market segmented into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.

Ø  To outline, categorized, and forecast the Global Smart Eyewear market based on the Technology,By Operating System,By Application,Sales Channel,Regional.

Ø  To examine competitive developments like by Technology, By Operating System, By Application, Sales Channel, Region within the Global Smart Eyewear market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Business Questions Answer by the Report

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and one will be the fastest - growing, and why?

Ø  A comprehensive survey of the competitive landscape and the market participant players

Ø  Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

Ø  With five additional company detail analysis

Ø  Additional country analysis

Ø  Detailed segment analysis

 

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