The ‘ SMART EYEWEAR TECHNOLOGY market’ research report added by Report Ocean, is an in-depth analysis of the latest trends, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market introduction, SMART EYEWEAR TECHNOLOGY market definition, regional market scope, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, SMART EYEWEAR TECHNOLOGY market size forecast, 100+ market data, Tables, Pie Chart, Graphs and Figures, and many more for business intelligence.
The global smart eyewear technology market was valued at USD 3,6530.0millionin the year 2016 and expected to reach USD 63,650.0million by 2025 with the expected CAGR of more than 39% between the years 2017 and 2025.
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In the SMART EYEWEAR TECHNOLOGY Market, some of the major companies are:
Google Inc, Sony Corporation, Microsoft Corporation, Epson America, Inc, Lumus Ltd, Vuzix Corporation, Meta Company, Optinvent SA, Osterhout Design Group, Kopin Corporation, Lenovo, Recon Instruments, Samsung Electronics Co., Ltd.
The report consists of various chapters and company profiling is a major among them. Company profiling garners business intelligence and track key elements of a business, such as:
- Company Background
- Product Categories
- Competitive Landscape
- Financial Results (Subject to availability)
- Media Monitoring
- Customized Section
SMART EYEWEAR TECHNOLOGY Market: Insights
Smart eyewear technology is a wearable device that adds information in glasses. Smart eyewear can collect information from internal or external sensors.Smart eyewear is a wireless technology that includes Bluetooth, Wi-Fi, and GPS. This can also be operate via mobile and function as portable media players to send audio and video files to the user.
Drivers and Restraints
The major factor driving the growth of the market is increasing adoption of virtual reality technologies. Rising demand for smart devices enabled with AR and VR technologies are expected to propel the growth of the market in the future. According to research, AR and VR devices are expected to be valued at around USD 95 billion by 2025. As per data over 20 million U.S. consumers are willing to wear augmented reality devices. Considering these factors smart eyewear technology market is expected to reach around USD 63,650.Million.
Increasing investment by a major player such as Google, Microsoft and Facebook into the market will boost the revenue of smart eyewear technology market. The increase in start-ups across the globe would help in the dynamic growth of the smart eyewear technology market. Additionally, Facebook has invested USD 2 billion in the acquisition of virtual reality gear maker Oculus in 2014. These factors will contribute the growth of smart eyewear technology market.
However, Smart eyewear technology market is expected to face some challenges such as high initial investment and limited battery life. Increasing demand for lightweight head-mounted displays and portable devices are expected to offer growth opportunities for the market.
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The Global SMART EYEWEAR TECHNOLOGY Market is segmented into various sub-groups to understand the market scenario in detail, the market segmentation are as follows:
Mixed reality segment is expected to register the highest CAGRof over 43% over the forecasted period. This can be attributed to mixed reality technology that can provide enterprise employees with the best physical and digital worlds. Mixed reality includes various features such as mapping physical surroundings, language processing for voice recognition, monitoring gestures and others. Such features will propel the growth of mixed reality segment in the years to come.
Head-mounted displays (HMDs) segment accounted for the largest market share of around 60% in 2016. This is mainly driven by technological advancements like 3D viewing, development of high-resolution HMDs, and integration of AR and VR technologies that will lead to the increasing demand for head-mounted displays segment. The growth of this market can be attributed to the availability of low-cost headsets such as Google Daydream View and Samsung Gear VR is raising the demand for head-mounted displays segment. The increasing number of small and medium players in the market with offerings of headsets at low cost is one of the key reasons behind the wide adoption of head-mounted display headset.
Online stores segment expected to project high CAGR of 40% in 2017-2025. Global e-retail sales were USD 1.9 trillion in 2016 and expected to reach up to USD 4.06 trillion by 2020.Looking into this online stores segment is expected to post rapid growth in near future.
The market for the Android segment is expected to grow at the highest CAGR of 40% between 2017 and 2022. Growing adoption of Android to the built custom application of wearable devices for increasing revenue attains tremendous business growth. Android has many features such as it is an open source operating system, the middleware framework for smart devices, a low investment with high ROI, multiple language supporters and user-friendly. These factors are fueling the growth of this segment.
Consumer electronics segment acquired the largest market share and valued at USD 1,770 Million in 2016 and anticipated to dominate the market during the forecast period. The increasing demand for smart gadgets and gaming devices is driving the growth of the smart eyewear technology market for the consumer electronics vertical.
North America held the largest share of the smart eyewear technology market between 2017 and 2025. The presence of global leading players in the U.S. and the growing demand for consumer electronics products will boost the growth of the market in North America region. In addition, growing investments by key players and innovations in technologies such as augmented and mixed reality are driving the growth of the smart eyewear technology market across the globe.
Other Report Highlights
• Competitive Landscape – Sales, Market Share, Geographical Presence, Business Segments
• Product Benchmarking.
• Market Dynamics – Drivers and Restraints.
• Market Trends.
• Porter Five Forces Analysis.
• SWOT Analysis.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2019 to 2025 [** unless otherwise stated]
Regional split of the Global SMART EYEWEAR TECHNOLOGY Market research report is as follows:
The market research study offers in-depth regional analysis along with the current market scenarios. The major regions analyzed in the study are:
- Middle East & Africa
- Asia Pacific
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Questions answered in the SMART EYEWEAR TECHNOLOGY market research report:
- What is SMART EYEWEAR TECHNOLOGY?
2. What is the global SMART EYEWEAR TECHNOLOGY market size?
3. What are the market driving factors behind the global SMART EYEWEAR TECHNOLOGY market?
4. What are the market trends and forecast for the global SMART EYEWEAR TECHNOLOGY market?
5. What are the global trends and forecasts based on market research and analysis of global SMART EYEWEAR TECHNOLOGY market segmentation by product?
6. What are the global trends and forecasts based on market research and analysis of global SMART EYEWEAR TECHNOLOGY market segmentation by connectivity technology?
7. What are the global trends and forecasts based on market research and analysis of global SMART EYEWEAR TECHNOLOGY market segmentation by application?
8. What are the global trends and forecasts based on market research and analysis of global SMART EYEWEAR TECHNOLOGY market segmentation by geography?
9. Which are the major global SMART EYEWEAR TECHNOLOGY manufacturers?
10. Which are the major global SMART EYEWEAR TECHNOLOGY companies?
Note: This table of contents is part of a published report. As per client requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of paid customization.
Key highlights and important features of the Report:
Overview and highlights of product and application segments of the global SMART EYEWEAR TECHNOLOGY Market are provided. Highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.
Explore about Sales data of key players of the global SMART EYEWEAR TECHNOLOGY Market as well as some useful information on their business. It talks about the gross margin, price, revenue, products, and their specifications, type, applications, competitors, manufacturing base, and the main business of key players operating in the SMART EYEWEAR TECHNOLOGY Market.
Explore about gross margin, sales, revenue, production, market share, CAGR, and market size by region.
Describe SMART EYEWEAR TECHNOLOGY Market Findings and Conclusion, Appendix, methodology and data source;
We identify the major drivers and restraints for every region (North America, Latin America, Europe, Asia Pacific, & Middle East) of any particular market with a weightage value of how it is impacting the market. For each driver and restraint, we provide weightage in short term, medium term, and long term. Here the driver acts as a pull factor and restraint as a push factor.
Key players in the market are identified through review of secondary sources such as industry whitepapers, annual reports, published reports by credible agencies, financial reports and published interviews of Key Opinion Leaders (KOLs) from leading companies. During the primary interviews, KOLs also suggested some producers that are included under the initial scope of the study. We further refined company profile section by adding suggested producers by KOLs. KOLs include Chief Executive Officer (CEO), general managers, vice presidents, sales directors, market executives, R&D directors, product managers, procurement managers, export managers etc. During the research process, all the major stakeholders across the value chain are contacted for conducting primary interviews.
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There are 15 Chapters to display the Global SMART EYEWEAR TECHNOLOGY Market:
Chapter 1, to describe Definition, Specifications and Classification of Global SMART EYEWEAR TECHNOLOGY, Applications of , Market Segment by Regions;
Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of , Capacity and Commercial Production Date, Manufacturing Plants Distribution, Export & Import, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, to show the Regional Market Analysis that includes United States, EU, Japan, China, India & Southeast Asia, Segment Market Analysis (by Type);
Chapter 7 and 8, to explore the Market Analysis by Application Major Manufacturers Analysis;
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type, Market Trend by Application;
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, to analyze the Consumers Analysis of Global SMART EYEWEAR TECHNOLOGY by region, type and application;
Chapter 12, to describe SMART EYEWEAR TECHNOLOGY Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, to describe SMART EYEWEAR TECHNOLOGY sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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