0

Global Smart Glasses Market by Product, OS, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 181
  • SKU: IRTNTR43687
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The smart glasses market is estimated to grow at a CAGR of 13.35% between 2022 and 2027. The size of the market is forecast to increase by USD 65.75 million. The growth of the market depends on serval factors, including the implementation of automation in the industrial sector, an increase in the number of crowdfunding campaigns, and the growing adoption of AR gaming by individuals.

This report extensively covers market segmentation by product (developer and commercial), OS (android, windows, and others), end-user (enterprise and individual), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Smart Glasses Market During the Forecast Period?

Smart Glasses Market Size

To learn more about this report, Download Report Sample

Parent Market Analysis

The reports categorize the global smart glasses market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. The parent global technology hardware, storage, and peripherals market covers manufacturers of cellular phones, personal computers, servers, electronic computer components, and peripherals. It also includes data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Smart Glasses Market: Key Drivers, Trends, Challenges, and Customer Landscape

The implementation of automation in the industrial sector is notably driving market growth, although factors such as technical limitations and unattractive design may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Smart Glasses Market Driver

The implementation of automation in the industrial sector is notably driving the market growth. The automation of various processes in the manufacturing industry is reducing the need for human labour. Industries across the world are deploying automation solutions to carry out complex manufacturing processes. Industrial automation enables high efficiency, the predictive maintenance of machines, and good safety; it also increases profitability. The growing implementation of automation across industries is providing possible opportunities for the use of smart glasses in industrial automation.

Some smart glasses that are offered by the vendors, especially for industrial automation, include AGL Automation Ltd, a provider of process automation solutions, which announced a partnership with Epson to introduce augmented reality into its portfolio using Epson's Moverio BT-350 smart glasses. As the demand for industrial automation in factories rises, the need for smart glasses is expected to increase substantially, which will drive the growth of the global smart glasses market.

Key Smart Glasses Market Trend

The rise in the number of strategic partnerships and acquisitions is the key trend in the market. The number of strategic partnerships and acquisitions is rising in the market. Strategic partnerships and acquisitions enable vendors to improve their services, expand their geographic presence, strengthen their market position, and develop innovative products.

Some examples related to strategic partnerships and acquisitions include Vuzix Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, which announced a strategic partnership with Rods and Cones, a provider of a fully virtual surgical collaboration platform. Through this partnership, Rods and Cones will incorporate Vuzix's M-Series Smart Glasses as an additional video-capturing device to support optimized remote interactions between surgeons and medical experts. 

Key Smart Glasses Market Challenge

Technical limitations and unattractive design is the major challenge impeding market growth. Smart glasses still have a long way to go in terms of miniaturization, display quality, 3D cameras, processing power, and field-of-view (FOV). Most devices that are available in the market have a FOV in the range of 20-25 degrees. Hence, users must stand 2-3 meters away when playing games such as RoboRaid as enemies disappear from view. A small FOV affects the gaming experience of users. Hence, high-quality 3D cameras and sensors are required to enhance the user experience. 

The unattractive design of smart glasses is adversely affecting their adoption among end-users, especially individual customers. For individual customers, physical appearance is the most important buying criterion, but the number of smart glasses that can be worn all day is limited. Factors like weight, thickness, battery life, performance, FOV, prescription lenses, eye position, and connectivity are considered when designing smart glasses. However, none of the existing vendors has incorporated all these factors in their smart glasses designs. Thus, these aforementioned factors may hamper the growth of the market in focus during the forecast period.

Key Smart Glasses Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Smart Glasses Market Share by Geography

Global Smart Glasses Market Customer Landscape

Who are the Major Smart Glasses Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co. - The company offers smart glasses such as 3m securefit eye protection glasses. This segment also focuses on consumer bandages, braces, supports, and consumer respirators and cleaning products for the home. Additionally, the company focuses on advanced ceramic solutions, attachment tapes, films, sound and temperature management for transportation vehicles, and premium large-format graphic films for advertising and fleet signage under its transportation and logistics.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Good Sky Electric Co. Ltd.
  • Huawei Technologies Co. Ltd.
  • Iristick NV
  • MAD Gaze Ltd.
  • Magic Leap Inc.
  • Microsoft Corp.
  • Nreal Ltd.
  • Optinvent
  • OXSIGHT Ltd.
  • Seiko Epson Corp.
  • Sony Group Corp.
  • ThirdEye Gen Inc
  • Toshiba Corp.
  • Vuzix Corp.
  • Xinology Co. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Smart Glasses Market?

The market share growth of the developer segment will be significant during the forecast period. The developers of smart glasses are commonly called prosumers, and they could be prospective customers involved in the further design, manufacture, and development of 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. Developer-version products are available in the form of a developer kit, which can be bought only by developers (not for commercial use). Currently, several vendors are generating revenues by selling developer-version products to individual developers. This will facilitate segment growth during the forecast period.

Smart Glasses Market Size

Get a glance at the market contribution of various segments Request a PDF Sample

The developer segment was valued at USD 28.44 million in 2017 and will continue to grow until 2021There has been an increase in the demand for developer kits to develop AR technology as well as AR apps. Thus, an increase in the launch of developer kits for smart glasses will result in the development of a smart glasses ecosystem, new product development, the effective use of hardware components, and advances in appealing designs for smart glasses. Therefore, most of the vendors in the market first release the developer version of their products and then focus on their commercialization.

Which are the Key Regions for the Smart Glasses Market?

Smart Glasses Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

North America is projected to contribute 61% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

One of the major reasons for the dominance of North America in the market is that the region has always been at the forefront of the adoption of new technologies. This is because the region has some of the biggest crowdfunding platforms, such as Kickstarter PBC (Kickstarter) and Indiegogo Inc. (Indiegogo). These platforms help startups in raising funds for the development of innovative products such as smart glasses. North America is a hub of major smart glasses OEMs such as Alphabet, Atheer Inc. (Atheer), Optinvent, Vuzix, and Microsoft. The country also benefits from products that are made available to US customers first. For instance, most startups introduce their products first in North America, specifically the US. This is attributed to the increased awareness of the potential benefits of using smart glasses in the region.

The market in North America was negatively impacted by the COVID-19 pandemic in 2020. However, due to large-scale vaccination programs, the lockdown restrictions were eased. Shifting consumer preference for online shopping has created the opportunity for vendors in the market to expand product offerings on online sales channels. With uplifting the restrictions, the manufacturing united and offline sales channels were reopened, and the market gradually resumed as the demand for smart glass increased. The demand for smart wearable devices also increased, which, in turn, will positively impact the growth of the market in the region during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by product (developer and commercial), OS (android, windows, and others), end-user (enterprise and individual), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

  • Product Outlook (USD Million, 2017 - 2027)
    • Developer
    • Commercial
  • OS Outlook (USD Million, 2017 - 2027)
    • Android
    • Windows
    • Others
  • End-user Outlook (USD Million, 2017 - 2027)
    • Enterprise
    • Individual
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Smart Glasses Market Scope

Report Coverage

Details

Page number

181

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 13.35%

Market growth 2023-2027

USD 65.75 million

Market structure

Fragmented

YoY growth (%)

11.11

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 61%

Key countries

US, China, France, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AGC Inc., Alphabet Inc., Atheer Inc, Elbit Systems Ltd., Good Sky Electric Co. Ltd., Huawei Technologies Co. Ltd., Iristick NV, MAD Gaze Ltd., Magic Leap Inc., Microsoft Corp., Nreal Ltd., Optinvent, OXSIGHT Ltd., Seiko Epson Corp., Sony Group Corp., ThirdEye Gen Inc, Toshiba Corp., Vuzix Corp., Xinology Co. Ltd., and 3M Co.

Market dynamics

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

Request PDF sample

What are the Key Data Covered in this Smart Glasses Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the smart glasses market between 2023 and 2027
  • Precise estimation of the smart glasses market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the industry across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of smart glasses market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Infrastructural development - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Infrastructural development - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Infrastructural development - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Infrastructural development - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Infrastructural development - Year-over-year growth 2021-2026 (%)
    • 5.4 Transportation - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Transportation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Transportation - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Transportation - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 3M Co.
              • Exhibit 93: 3M Co. - Overview
              • Exhibit 94: 3M Co. - Business segments
              • Exhibit 95: 3M Co. - Key news
              • Exhibit 96: 3M Co. - Key offerings
              • Exhibit 97: 3M Co. - Segment focus
            • 10.4 AGC Inc.
              • Exhibit 98: AGC Inc. - Overview
              • Exhibit 99: AGC Inc. - Business segments
              • Exhibit 100: AGC Inc. - Key news
              • Exhibit 101: AGC Inc. - Key offerings
              • Exhibit 102: AGC Inc. - Segment focus
            • 10.5 BASF SE
              • Exhibit 103: BASF SE - Overview
              • Exhibit 104: BASF SE - Business segments
              • Exhibit 105: BASF SE - Key news
              • Exhibit 106: BASF SE - Key offerings
              • Exhibit 107: BASF SE - Segment focus
            • 10.6 Cardinal Glass Industries Inc.
              • Exhibit 108: Cardinal Glass Industries Inc. - Overview
              • Exhibit 109: Cardinal Glass Industries Inc. - Product / Service
              • Exhibit 110: Cardinal Glass Industries Inc. - Key offerings
            • 10.7 Carlex Glass America LLC
              • Exhibit 111: Carlex Glass America LLC - Overview
              • Exhibit 112: Carlex Glass America LLC - Product / Service
              • Exhibit 113: Carlex Glass America LLC - Key offerings
            • 10.8 ChromoGenics AB
              • Exhibit 114: ChromoGenics AB - Overview
              • Exhibit 115: ChromoGenics AB - Business segments
              • Exhibit 116: ChromoGenics AB - Key offerings
              • Exhibit 117: ChromoGenics AB - Segment focus
            • 10.9 Compagnie de Saint Gobain SA
              • Exhibit 118: Compagnie de Saint Gobain SA - Overview
              • Exhibit 119: Compagnie de Saint Gobain SA - Business segments
              • Exhibit 120: Compagnie de Saint Gobain SA - Key news
              • Exhibit 121: Compagnie de Saint Gobain SA - Key offerings
              • Exhibit 122: Compagnie de Saint Gobain SA - Segment focus
            • 10.10 Corning Inc.
              • Exhibit 123: Corning Inc. - Overview
              • Exhibit 124: Corning Inc. - Business segments
              • Exhibit 125: Corning Inc. - Key offerings
              • Exhibit 126: Corning Inc. - Segment focus
            • 10.11 PPG Industries Inc.
              • Exhibit 127: PPG Industries Inc. - Overview
              • Exhibit 128: PPG Industries Inc. - Business segments
              • Exhibit 129: PPG Industries Inc. - Key news
              • Exhibit 130: PPG Industries Inc. - Key offerings
              • Exhibit 131: PPG Industries Inc. - Segment focus
            • 10.12 Xinology Co. Ltd.
              • Exhibit 132: Xinology Co. Ltd. - Overview
              • Exhibit 133: Xinology Co. Ltd. - Product / Service
              • Exhibit 134: Xinology Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 135: Inclusions checklist
                • Exhibit 136: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 137: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 138: Research methodology
                • Exhibit 139: Validation techniques employed for market sizing
                • Exhibit 140: Information sources
              • 11.5 List of abbreviations
                • Exhibit 141: List of abbreviations

                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
                Technavio

                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
                Technavio

                TechnavioREPORT WRITING

                Qualitative

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

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
                Interested in this report?
                Get your sample now!
                Smart Glasses market growth will increase by $65.75 million during 2023-2027.
                The smart glasses market is expected to grow at a CAGR of 13.35% during 2023-2027.
                Technavio has segmented the smart glasses market by product (Developer and Commercial) ,os (Android, Windows, and Others) , and end-user (Enterprise, Individual, APAC, MEA, and South America).
                AGC Inc., Alphabet Inc., Atheer Inc, Elbit Systems Ltd., Good Sky Electric Co. Ltd., Huawei Technologies Co. Ltd., Iristick NV, MAD Gaze Ltd., Magic Leap Inc., Microsoft Corp., Nreal Ltd., Optinvent, OXSIGHT Ltd., Seiko Epson Corp., Sony Group Corp., ThirdEye Gen Inc, Toshiba Corp., Vuzix Corp., Xinology Co. Ltd., 3M Co. are a few of the key vendors in the smart glasses market.
                North America will register the highest growth rate of 60.66% 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.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
                • Off-the-shelf research reports
                • Reports can be tailored to meet the customer's needs
                • Trusted by more than 100 fortune 500 organizations
                • Information about the market's key drivers, trends, and challenges
                • Parent market analysis
                • Every week, 50,000 people visit our subscription platform
                • Detailed vendors report with competitive landscape
                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis

                Certified ISO 9001 : 2015

                We are ISO recognized

                We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

                We are GDPR and CCPA compliant

                We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

                Safe and Secure SSL Encrypted
                Technavio

                info
                close
                • Single:

                  One user only.
                  Quick & easy download option

                • Enterprise:

                  Unlimited user access (Within your organization)
                  Complimentary Customization Included

                2500 USD

                Technavio Get the report (PDF) sent to your email within minutes.

                Subscribe & Save

                Get lifetime access to our
                Technavio Insights

                Customized Report as per your Business Needs

                • Our analysts will work directly with you and understand your needs
                • Get data on specified regions or segments, competitor and Vendors
                • Data will be formatted and presented as per your requirements
                • We offer $1000 worth of FREE customization at the time of purchase

                Let us help you make report more suited to your requirements.

                • Get a competitive breakdown as per your niche industry
                • Customize the data with various metrics that meet your business prerequisite
                • Understand Revenue Sources, Customers and many more
                • Details on Market Share
                • These customizations are done in a short amount of time by our analysts and industry experts
                Technavio
                Enquire Before Buying
                17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>