Global Smart Glasses Market Analysis by OS type, by distribution channel & by application with regional outlook & forecast to 2024

Market Overview

Smart glasses are considered as wearable computer glasses that add information to what the wearer sees such as navigation, health and fitness, designing, virtual reality (VR) and augmented reality (AR), and much more. Smart glasses are not yet a mainstream consumer good but are mainly used in entertainment industry, military and businesses. Soon the global smart glass market will emerge as important and trendy as the regular eyewear.

Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period.

Global Smart Glasses Market Segmentation

By Operating System Type

• Android based Smart Glass
• Linux based Smart Glass
• iOS based Smart Glass

By Distribution Channel

• Online Distribution Channel
• Offline Distribution Channel

By Application

• Commerce
• Medical
• Education
• Military
• Production
• Universal Remote Control
• Entertainment
• Documentation

Based on Geography

• North America (U.S. & Canada) smart glasses market
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) smart glasses market
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) smart glasses market
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) smart glasses market
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) smart glasses market

Segments with Major Market Share

On the basis of application, military segment holds the largest market share of 53.2% in2016 in overall smart glasses market owing to the high speed wireless connectivity, mobile rugged platform, HD 3D stereoscopic displays and private and secure related to classifieds. Second application having high market share of smart glasses market is the medical field due to its usage in simulation, education, live streaming of visualized data to more interactive functions such as video recording and digital photo documentation.

Based on geography, North America dominated the smart glasses market with a market share of 60.2% in 2016, due to high adoption rate of smart wearables. Europe was the next biggest market after North America for smart glasses with a market size of around USD 7.83 billion in 2016. APAC region tends to hold the opportunities for this market owing to adoption of IoT in China, India, Singapore and Japan.

Market Dynamics

Major Trend: According to our global market study on the basis of extensive primary and secondary research, “Rising trend is experiencing the alteration/enhancement of wearer’s vision irrespective of their orientation and position, and giving them a better view/understanding through the glasses. Thus being the emerging market it caters a lot of research and development and an increase in smart glasses demand.”

Growth Drivers: According to the report, major driving factor for expansion of global smart glasses market is the increasing demand of smart glasses for instance the smart AR glasses revenue worldwide has reached USD 138.6 million and it is expected to reach USD 20.1 billion. Also, healthcare sector is attracting the smart gadgets such as smart glasses for surgeries, gesture recognition and other practices.

Barrier to Growth : Further, high cost of smart glasses and not so design oriented are the two major factors which are hindering the growth of global smart glass market. The fashionable glasses have to compromise with performance to get the sleek look still at a higher price. Whereas, smart glasses at affordable prices will have to compromise over functionality, wearability or both.

Covered in this Global Smart Glasses Market Report

The report covers the present ground scenario and the future growth prospects of the smart glasses market for 2016-2024 along with the statistics of its application in various segments. We have calculated the market size and revenue share on the basis of revenue generated from the major players and total sales of smart glasses across the globe. The rising trend of technology based gadgets in developed nations such as United States, Australia are triggering the sales of smart glasses. On the basis of this aspect, we have forecasted the global smart glass market till 2024

Smart Glasses Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the smart glasses market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global smart glasses market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Smart Glasses Companies (Key Market Players)

Our global smart glasses market report comprises of the following companies as the key players in the smart glasses market.

• Google Glass
• Recon Instruments
• Vuzix
• Meta
• Lumus Ltd.
• Seiko Epson
• Sony
• HTC Corporation
• Oculus VR
• Microsoft

Other high-flying vendors in the smart glasses market are: Atheer, Osterhout Design Group, Samsung group, Kopin corporations, Razer Inc., Konica Minolta, Laster Technologies, Jins Meme, Emteq.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and technological landscape in addition to a SWOT analysis of the key players.

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Key questions answered in this market study

• What is the total market size by 2024 and what would be the expected growth rate?
• What is the revenue of smart glasses market in 2015-16 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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