Global Smart Glasses Market by Product, End-user, OS, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43687
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The smart glasses market size has the potential to grow by USD 69.10 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 14.50%. 

This report provides a detailed analysis of the market by product (developer and commercial), end-user (enterprise and individual), OS (Android, Windows, and others), and geography (North America, Europe, APAC, MEA, and South America). 

Smart Glasses Market Share

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Alphabet Inc.
  • Elbit Systems Ltd.
  • Huawei Investment & Holding Co. Ltd.
  • Iristick NV
  • Microsoft Corp.
  • Optinvent
  • Seiko Epson Corp.
  • Sony Corp.
  • Toshiba Corp.
  • Vuzix Corp.

 

The smart glasses market is fragmented and the vendors are deploying growth strategies such as product innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the growing adoption of AR gaming by individuals to achieve growth opportunities. However, factors such as the high initial cost of smart glasses will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the smart glasses market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This smart glasses market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Smart Glasses Market: Key Drivers and Trends

  • The growing adoption of AR gaming by individuals is one of the key smart glasses market drivers.
  • The virtual experience provided by AR has boosted the popularity of AR gaming.
  • AR gaming uses AR hardware products and software programs to simulate gaming visuals and audio content with the user’s environment in real-time.
  • The rising popularity of AR gaming has encouraged game developers to develop AR games and devices such as AR smart glasses using cutting-edge 3D technologies. 
  • The emergence of SLAM technology is one of the key smart glass market trends that will drive the smart glasses market growth.
  • The SLAM technology provides the marker-less experience, increasing its adoption in smart glasses.
  • The technology can be used to overlay 3D CAD models on a real-world view and is particularly useful for tracking in unknown environments and spaces. 
  • The integration of SLAM technology with smart glasses will allow vendors to provide useful content based on location within a space. 

 

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Smart Glasses Market: Segmentation by Geography

Smart-Glasses-Market-Market-Share-by-Region-2020-2025

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61% of the market’s growth will originate from North America during the forecast period. The US is a key market for smart glasses in North America. Market growth in North America will be faster than the growth of the market in other regions.

The presence of a well-developed communication network will facilitate the smart glasses market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Smart Glasses Market: Segmentation by Product

Smart-Glasses-Market-Market-Share-by-Product-2020-2025

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The smart glasses market share growth by the developer segment will be significant during the forecast period. The developers for smart glasses are commonly called prosumers, and they are prospective customers involved in the further design, manufacture, and development of the smart glasses. The vendors in the market offer the developer version of smart glasses. Developers have an important role in creating AR hardware and software. The developer version of smart glasses enables developers to test them and recommend solutions to improve them further.

Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart glasses market size.

 

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Key Highlights of the Smart Glasses Market Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart glasses market growth during the next five years
  • Precise estimation of the smart glasses market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart glasses industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart glasses market vendors

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Smart Glasses Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 15%

Market growth 2021-2025

USD 69.10 million

Market structure

Fragmented

YoY growth (%)

14.31

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 61%

Key consumer countries

US, UK, Germany, China, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Elbit Systems Ltd., Huawei Investment & Holding Co. Ltd., Iristick NV, Microsoft Corp., Optinvent, Seiko Epson Corp., Sony Corp., Toshiba Corp., and Vuzix Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The smart glasses market growth will increase by $59.94 million during 2019-2024.
The smart glasses market is expected to grow at a CAGR of 14.56% during 2019-2024.
Technavio has segmented the smart glasses market by product (Developer and Commercial) ,other1 (Android, Windows, and Others) , and geographic (North America, Europe, APAC, MEA, and South America).
Alphabet Inc., Elbit Systems Ltd., Huawei Investment & Holding Co. Ltd., Intel Corp., Microsoft Corp., Optinvent, Seiko Epson Corp., Sony Corp., Toshiba Corp., Vuzix Corp. are a few of the key vendors in the smart glasses market.
North America will register the highest growth rate of 60.83% among the other regions. Therefore, the smart glasses market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the smart glasses market growth are:
  • Implementation of automation in industrial sector
  • Rise in number of strategic partnerships and acquisitions
The smart glasses market vendors should focus on grabbing business opportunities from the developer segment as it accounted for the largest market share in the base year.
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