Title: Global Smart Glasses Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024
1Global Smart Glasses Market Outlook
Global Smart Glasses Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
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2Global Smart Glasses Market Size (USD
Billion)-2016-2024
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- Smart Glasses Market is anticipated to expand at
a compound annual growth rate of XX during the
forecast period i.e. 2016-2024. The market is
anticipated to reach USD XX Billion by the end of
2024. The latest trend gaining momentum in the
market is introduction of technology advanced
augmented reality devices. Further, players in
the augmented reality industry are focusing on
providing cost effective and advanced glasses to
provide multiple technological solutions. - The applications of smart glasses using an early
prototype of J!NS MEME, smart glasses with
integrated electrodes to detect eye movements
(Electrooculography, EOG) and motion sensors
(accelerometer and gyroscope) to monitor head
motions are some of the new developments, which
is eventually driving the demand for smart
glasses. - Smart glasses are already being used to improve
quality, standardize workflows, accelerate
decision making, and enhance communication in
logistics, manufacturing, and maintenance
operations throughout the supply chain. Boosting
labor effectiveness and productivity reducing
quality defects and rework improving workflow
standardization enhancing workforce
collaboration improving safety could improve
supply chain. Such Developments are opening new
opportunities for the penetration of smart
glasses across multiple industries.
3Global Smart Glasses Market Outlook
Global Smart Glasses Market Share(), By
Operating System Type -2016
Global Smart Glasses Market Size USD (Billion).
2016-2024
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In 2016, Android Based Smart Glasses segment
accounted for the highest market share XX in
Global Smart Glasses Market
With XX share in 2016, North America dominated
the Global Smart Glasses market
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4Global Smart Glasses Market Outlook
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- The global smart Glasses market is registering an
impressive growth of XX in 2016 and all the four
regions Americas, Asia-Pacific, Europe, Middle
East and Africa demonstrating positive growth
prospects. North America stood as the largest
smart Glasses market in 2016, with a market size
valued at USD XX billion. - Asia Pacific is an opportunistic market for the
growth of Smart Glasses market in the developed
countries such as Japan and Singapore. Japan had
the largest Glasses sales of USD XX billion in
2016. Japan is witnessed to have huge research
development of the technology used in the smart
glasses. - However smart glasses are still not mainstream
consumer products. Rather, they are specialized
tools mainly adopted by the industry for various
tasks. The report predicts that smart glasses
might become mainstream consumer products within
the next 5 years, as products become more
fashionable, socially acceptable and functional. - Global smart glass market is further bifurcated
in various segments with separate market analysis
mentioned below - Optical Sensors Market
- Optical sensors have wide application across
various industries such as healthcare, metrology,
imaging and remote sensing. global optical
sensors market is set to harness market revenue
of USD 5.0 billion by 2025 growing at a CAGR of
14.1 over the forecast period (2017-2025). - Image Sensors Market
- Image sensors transform an optical image into an
electrical signal utilizing CMOS technology,
enabling integration of image sensing and digital
signal processing on single chip. The global
Image sensors market is expected to increase to
USD 18.76 billion by 2024 at a CAGR of 7.5 over
the forecast period
Growing E-commerce Business
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Gaming And Entertainment Industry
Technological Advancements
Increase productivity through real-time
Global Smart Glasses Market Size (USD Billion)
North America
Europe
Asia-Pacific
USD XX Billion
2016
USD XX Billion
USD XX Billion
2024
USD XX Billion
USD XX Billion
USD XX Billion
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- Technological Advancements
- Smart glass technology has evolved significantly
over the last five years. Todays devices are
less intrusive, more ergonomic, and faster than
their predecessors. Emerging from the initial
lackluster reception these devices faced in the
consumer setting, the capabilities enabled by
smart glass solutions are poised to drive real
value in enterprise environments. - Smart glass technology is already advancing in
hands-on industries such as manufacturing,
logistics, field services, inspection, and
operations. A recent study showed that XX of
large industrial companies are either using or
evaluating smart glasses in their enterprises
today, indicating that decision-makers foresee
wearable as a major enterprise platform. - Smart glasses and augmented reality devices have
the potential to enhance and even replace
existing technology solutions within enterprise
supply chains, and in some cases even change the
very structure of the work environment. Companies
implementing augmented reality HMD pilots are
already demonstrating use cases that lead to
increases in workplace efficiency, productivity,
and compliance, and this will only grow as the
technology matures. - When used effectively in the right setting, smart
glasses and AR displays have a number of
important advantages over computers, tablets, and
other existing technology contextualized
information, increased workflow standardization,
handsfree assistance, and documentation.
Sample
Global Smart Glasses Sales (USD), 2016-2024
- Impact Analysis-
- Superior algorithms also enable shadows in scenes
lit by the sun or artificial light, again making
the illusion look more real. Animated AR
characters can react to the changes in
environment (such as a light being switched off),
further creating the illusion that the digital
objects are real. Such advancement is driving the
application of smart glasses. - In North America, total of technology investments
in smart glasses valued at USD XX billion in
2016. Over the forecast period (2016-2024) the
growth in this segment will have highest impact
share on smart Glasses market.
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Global Smart Glasses Market Share (), By
Distribution Channel, 2016-2024
- The offline distribution accounts for highest
market share of XX in 2016, worth a market size
of USD XX billion. Over the forecast period the
exponential rise in supply of smart Glasses
through e-commerce portals is expected to boost
the market for online distribution of smart
glasses to reach a market size of USD XX billion
by 2024 growing at XX CAGR over the forecast
period. - In 2014, Google Glass announced that they will
be partnering with Luxottica, a manufacturing and
eyewear distributor (brands include Ray-Ban,
Oakley, Vogue-Eyewear, Persol, Oliver Peoples,
Alain Mikli and Arnette), on the design of all
future Glass-compatible frames. As per Google,
Luxotticas retail and wholesale distribution
channels will serve well when the company will
make Google Glass more widely available down the
road.
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Global Smart Glasses Market Y-O-Y Growth, By
Distribution Channel, 2016-2024
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Global Smart Glasses Market Size (USD Billion),
By Distribution Channel -2016-2024
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7Global Smart Glasses Market Attractiveness, By
Distribution Channel, 2016-2024
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CAGR ()
Sample
Market Size (USD Billion)
Sample
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Water based adhesive segment holds the largest
revenue share in the global Smart Glasses market
as this segment constitutes which is impacted by
the rising cognizance among the household users
and thus it is likely to expand at XX CAGR
during the forecast period. Smart Glasses market
is relying on the adoption of EHR (Electronic
health record) software by various wearables
facility providers in order to stand ahead in
future. Behavioral health EHR creates a world of
difference to the staff and patients and goes the
extra mile giving advanced capabilities such as
it include support for documenting violence risk
factors, suicide risk factors, or sadness scales.
Global Smart Glasses Market BPS Analysis, By
Distribution Channel, 2016-2024
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8North America Smart Glasses Market Size (USD
Billion)-2016-2024
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North America Smart Glasses Market Size (USD
Billion), By Distribution Channel -2016-2024
North America Smart Glasses Market Size (USD
Billions), By Country-2016-2024
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9US Smart Glasses Market Size (USD Billion),
Compound Annual Growth Rate (), Y-O-Y Growth
Rate (), 2016-2024
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Number of Smart Glasses Users in the U.S.
Workforce (USD Millions), 2017-2025
Key Insights
- By 2025, the U.S. smart glasses market is
anticipated to be worth around USD XX billion,
growing at a CAGR of XX during the forecast
period 2017-2025. - Wearable technology has yet to gain widespread
popularity, but in United Sates already
advertising companies are looking toward ways to
deliver marketing messages directly to people who
sport computerized watches, glasses and headgear.
- By 2021, the combined market size of U.S
augmented and virtual reality is expected to
reach XX million. With tech giants helping
developers secure the right tools, the
development of new software will rise
dramatically and will lead to propelling U.S.
smart glasses market. - Based on 2017 estimates, the smart glasses market
is expected to record shipment of XX million
devices in the region.
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North America Smart Glasses Market
Attractiveness, By Country, 2016-2024
CAGR ()
Market Size (USD Billion)
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North America Smart Glasses Market BPS Analysis,
By Country, 2016-2024
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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