Smart Eyewear Technology Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Google, Kopin Corporation, Sony Corporation, Epson America

Over the next five years the Smart Eyewear Technology market will register a 39.1% CAGR in terms of revenue, the global market size will reach USD 123134 million by 2027.

Smart Eyewear Technology Market Overview

Smart eyewear technology aids in the acquisition of information when observing objects. Furthermore, in the following decade, factors like a robust IoT infrastructure, cost reductions, long battery life, new advancements in virtual reality, and improvements in hardware and ergonomics are projected to affect the proliferation of smart eyewear technology. Furthermore, smart eyewear technology aids our understanding of the importance of digital reality. Furthermore, smart eyewear technology assists employees in accomplishing their jobs by providing data and virtual recommendations. It's also used in factories to standardize workflows with seasonal labor changes, such as eCommerce logistics. Employees can also benefit from smart eyewear technology when doing difficult tasks.

Advanced Smart eyewear technology can automatically convey information about the target insight, such as a product in the hands, scenic information, and even facial recognition of an approaching human. Voice, signs, and finger sweeps are all options for communicating with the system. Smart eyewear can be used to snap photos and record videos. It makes use of motions and voice trackers hidden behind the frame's arms. Smart eyewear technology allows users to perform activities, make hands-free calls, and listen to music using behind-the-ear speakers. Clear and tinted (sunglass lens) glasses are available for these devices. Smart eyewear technology detects precise and exact measures, therefore its use in the aerospace and defense, architecture and building, medical, electronics, energy and power, heavy machinery, and entertainment industries is growing.

Smart Eyewear Technology Market Growth Drivers

Over the forecast period, smartphones, iPhones, and mobiles with AR and VR systems are expected to boost the growth of the smart eyewear technology market. Apart from that, the expanding trend of using electric vehicles and the widespread preference for portable client equipment are projected to open up new growth opportunities for the smart eyewear technology market over the projection period.

Industry News:

07-Dec-2020: Epson announces a new generation of Moverio smart glass technology--

Global technology firm Epson has announced its latest generation of Moverio smart glass augmented reality (AR) technology.  Ten years on from the very first Moverio smart glasses, Epson now launches the fourth generation binocular see-through Si-OLED augmented reality smart glasses.

What are the major Applications, Types, and Regions for Smart Eyewear Technology Market?

By Type, it is segmented into

• Head-Mounted Displays


• Assisted Reality Glasses


• Mixed Reality Holographic Displays


• Smart Helmets


• Others

By Technology, it is segmented into

• Augmented Reality


• Virtual Reality


• Others (Mixed Reality and others)

By Applications, it is segmented into

• Consumer Electronics


• Healthcare


• Enterprise and Industrial Applications


• Others

Smart Eyewear Technology Market Segments Analysis

• Head-Mounted Displays to lead the product type segment by 2027 in terms of revenue: The rising demand for compact & portable equipment by end-users is credited for segmental expansion over the anticipated timeframe. Furthermore, the market's growth would be aided by the increased popularity of AR and VR technologies in smart eyewear systems over the research period.


• Consumer electronics segment to dominate the application landscape by 2027: The substantial deployment of expenditures by companies in virtual reality is driving the segment's rise over the anticipated timeline. In addition, the growing tendency of using electronic devices in everyday activities will drive the segmental growth.

Smart Eyewear Technology Market Regional Analysis

The development of new products, as well as increasing demand for smart wearable technology by consumers and the medical sector, will drive the regional market's growth over the projection period. Apart from that, the large presence of major companies in countries such as the United States, as well as the high demand for electronic equipment with AR and VR systems, will hasten the regional market's expansion. The rising popularity of smart gadgets and gaming instruments is expected to boost the market's growth in the North American region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Smart Eyewear Technology Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Smart Eyewear Technology Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Smart Eyewear Technology Market report scope?

Key Takeaways from this Smart Eyewear Technology Report

• Evaluate Smart Eyewear Technology market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Smart Eyewear Technology market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Smart Eyewear Technology Market?

The Smart Eyewear Technology Market is growing at a CAGR of 39.1% over the next 5 years.

Who are the key players in Smart Eyewear Technology Market?

Google, Kopin Corporation, Sony Corporation, Epson America, Lumus, Microsoft Corporation, Optinvent SA, Vuzix Corporation, Osterhout Design Group, Meta Company, Lenovo, Samsung Electronics, Recon Instruments

What are the significant types of Smart Eyewear Technology Market?

Head-Mounted Displays, Assisted Reality Glasses, Mixed Reality Holographic Displays, Smart Helmets, Others

What are the major end-use applications of Smart Eyewear Technology Market?

Consumer Electronics, Healthcare, Enterprise and Industrial Applications, Others

On the basis of type, Which segment is likely to hold the major share in the Smart Eyewear Technology Market?

Head-Mounted Displays segment to hold the largest share in Smart Eyewear Technology market.

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