Product Code: GVR-4-68040-053-7
Smart Glasses Market Growth & Trends:
The global smart glasses market size is anticipated to reach USD 8,187.1 million by 2030 according to a new report by Grand View Research, Inc. The is anticipated to register a CAGR of 27.1% from 2023 to 2030. The promising growth prospects of the market can be credited to the growing adoption of wearable computing technologies coupled with improvement in operations efficiency. Moreover, the ability of smart glasses to offer Augmented Reality (AR) visuals, including weather imaging, stocks, text messages, calender, and teleprompter-like functions is expected to drive the market growth further.
Smart glasses are usually equipped with behind-the-ear speakers for music playback, hands-free calling, and activity tracking. Moreover, it also detects accurate and precise measurements, which has led to an increase in its use in the aerospace and defense, architecture and construction, medical, electronics, energy and power, heavy machinery, and entertainment sectors. This, in turn, is expected to drive the market growth further.
The key market players are focusing on partnerships and collaborations to cater the consumer demands. For instance, in September 2020 Meta Platforms, Inc. announced the partnership with EssilorLuxottica to develop next generation smart glasses. The collaboration has helped companies to combine their experience in technology and fashion to create the advanced lens technology to help people stay better connected to their friends and family.
Smart Glasses Market Report Highlights:
- The audio smart glasses type has been the largest segment as it produces crystal clear sound without any hinderances from outside, allowing it to achieve a market share of over 28% from 2023 to 2030
- Based on glass tinting technology, the Electrochromic (EC) segment accounted for highest CAGR during forecast period. This can be attributed to the ability to control the tint level depending upon the environment
- The android segment accounted for the largest market share of over 48% in the smart glasses market during the forecast period. This can be attributed to the easy-to-use interface of android operating system
- Based on connectivity, the bluetooth segment accounted for the largest revenue share of over 50% of the overall market in 2022 owing to its easy to use connectivity of smart glasses with smartphones, tablets, among others
- The healthcare smart glasses segment is expected to register fastest CAGR growth of over 29% over the forecast period. This can be attributed to its features that enable the user to maintain eye contact with the patient while maintaining full situational awareness
- North America accounted for the largest market share of near 35% in 2030, this is due to the investment and technological advancement from the key manufacturers in the region
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
- 1.3.1 Secondary Sources
- 1.3.2 Primary Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Outlook
- 2.3 Competitive Landscape Snapshot
Chapter 3 Industry Outlook
- 3.1 Market Segmentation & Scope
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.2 Market Restraint Analysis
- 3.3.3 Market Opportunity Analysis
- 3.4 Business Environment Analysis Tools
- 3.4.1 PEST Analysis
- 3.4.2 Porter's Five Forces Analysis
- 3.5 Technology Roadmap
- 3.6 Technology Trends - Smart Glasses
- 3.6.1 Artificial Intelligence/ Machine Learning
- 3.6.2 Smart/AI Assistant
- 3.6.3 Embedded Cameras
- 3.6.4 AR/VR Headsets
- 3.6.5 Sensors & IoT
- 3.6.6 Others
- 3.7 Smart Glasses Market - Use Cases (by End Use)
- 3.8 Customer Insight on Smart Glasses
- 3.9 Product Comparison for leading Smart Glasses Brands (based of Technology and Features)
- 3.10 Impact of COVID-19 on Smart Glass Market
Chapter 4 Smart Glasses Market Type Outlook
- 4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue (USD Million) Volume (Thousand Units))
- 4.2 Type Movement Analysis & Market Share, 2022 & 2030
- 4.3 Monocular Smart Glasses
- 4.4 Binocular Smart Glasses
- 4.5 Audio Smart Glasses
- 4.6 Immersive Smart Glasses
- 4.7 Others
Chapter 5 Smart Glasses Market Glass Tinting Technology Outlook
- 5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue (USD Million) Volume (Thousand Units))
- 5.2 Glass Tinting Technology Movement Analysis & Market Share, 2022 & 2030
- 5.3 Polymer-Dispersed Liquid Crystals
- 5.4 Electrochromic (EC) Smart Glass
- 5.5 Photochromic
- 5.6 Suspended Particles Device (SPD)
- 5.7 Others
Chapter 6 Smart Glasses Market Operating System Outlook
- 6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue (USD Million) Volume (Thousand Units))
- 6.2 Operating System Movement Analysis & Market Share, 2022 & 2030
- 6.3 Android
- 6.4 Linux
- 6.5 Other
Chapter 7 Smart Glasses Market Application Outlook
- 7.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue (USD Million) Volume (Thousand Units))
- 7.2 Application Movement Analysis & Market Share, 2022 & 2030
- 7.3 Education
- 7.4 Gaming
- 7.5 Healthcare
- 7.6 Industrial
- 7.7 Others
Chapter 8 Smart Glasses Market Connectivity Outlook
- 8.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Revenue (USD Million) Volume (Thousand Units))
- 8.2 Connectivity Movement Analysis & Market Share, 2022 & 2030
- 8.3 Bluetooth
- 8.4 HDMI
- 8.5 USB
Chapter 9 Smart Glasses Market Regional Outlook
- 9.1 Smart Glasses Market, by Region, 2018 - 2030 (Revenue (USD Million) Volume (Thousand Units))
- 9.2 Regional Movement Analysis & Market Share, 2022 & 2030
- 9.3 North America
- 9.3.1 U.S.
- 9.3.2 Canada
- 9.3.3 Mexico
- 9.4 Europe
- 9.4.1 Germany
- 9.4.2 U.K.
- 9.4.3 France
- 9.4.4 Rest of Europe
- 9.5 Asia Pacific
- 9.5.1 China
- 9.5.2 India
- 9.5.3 Japan
- 9.5.4 South Korea
- 9.5.5 ANZ
- 9.5.6 Rest of Asia Pacific
- 9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Rest of Latin America
Chapter 10 Competetive Analysis, 2022
- 10.1 Technology Developments in Smart Glasses Industry
- 10.2 Recent Developments & Impact Analysis, By Key Market Participants
- 10.3 Major Deals and Strategic Alliances Analysis: Synergy Analysis
- 10.3.1 Product Launches
- 10.3.2 Collaboration & Partnerships
- 10.3.3 Mergers & Acquisitions
- 10.4 Technology Collaboration
- 10.5 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 10.6 Key Company Market Share Analysis, 2022
Chapter 11 Competitive Landscape
- 11.1 Amazon Inc.
- 11.1.1 Company Overview
- 11.1.2 Financial Performance
- 11.1.3 Product Benchmarking
- 11.1.4 Recent Developments
- 11.2 Ampere LLC
- 11.2.1 Company Overview
- 11.2.2 Financial Performance
- 11.2.3 Product Benchmarking
- 11.2.4 Recent Developments
- 11.3 Bose Corporation
- 11.3.1 Company Overview
- 11.3.2 Financial Performance
- 11.3.3 Product Benchmarking
- 11.3.4 Recent Developments
- 11.4 Flows Bandwidth
- 11.4.1 Company Overview
- 11.4.2 Financial Performance
- 11.4.3 Product Benchmarking
- 11.4.4 Recent Developments
- 11.5 Google LLC
- 11.5.1 Company Overview
- 11.5.2 Financial Performance
- 11.5.3 Product Benchmarking
- 11.5.4 Recent Developments
- 11.6 Lenovo
- 11.6.1 Company Overview
- 11.6.2 Financial Performance
- 11.6.3 Product Benchmarking
- 11.6.4 Recent Developments
- 11.7 Lumus Ltd.
- 11.7.1 Company Overview
- 11.7.2 Financial Performance
- 11.7.3 Product Benchmarking
- 11.7.4 Recent Developments
- 11.8 Magic Leap
- 11.8.1 Company Overview
- 11.8.2 Financial Performance
- 11.8.3 Product Benchmarking
- 11.8.4 Recent Developments
- 11.9 Microsoft Corporation
- 11.9.1 Company Overview
- 11.9.2 Financial Performance
- 11.9.3 Product Benchmarking
- 11.9.4 Recent Developments
- 11.10 Razer Inc.
- 11.10.1 Company Overview
- 11.10.2 Financial Performance
- 11.10.3 Product Benchmarking
- 11.10.4 Recent Developments
- 11.11 Sony Corporation
- 11.11.1 Company Overview
- 11.11.2 Financial Performance
- 11.11.3 Product Benchmarking
- 11.11.4 Recent Developments
- 11.12 TCL
- 11.12.1 Company Overview
- 11.12.2 Financial Performance
- 11.12.3 Product Benchmarking
- 11.12.4 Recent Developments
- 11.13 Vuzix Corporation
- 11.13.1 Company Overview
- 11.13.2 Financial Performance
- 11.13.3 Product Benchmarking
- 11.13.4 Recent Developments
- 11.14 Qualcomm Technologies, Inc.
- 11.14.1 Company Overview
- 11.14.2 Financial Performance
- 11.14.3 Product Benchmarking
- 11.14.4 Recent Developments
- 11.15 Seiko Epson Corp.
- 11.15.1 Company Overview
- 11.15.2 Financial Performance
- 11.15.3 Product Benchmarking
- 11.15.4 Recent Developments