Smart Glasses Market Size, Share & Trends Analysis Report By Type, By Glass Tinting Technology, By Operating System (Android, Linux, Other), By Application, By Connectivity, By Region, And Segment Forecasts, 2023 - 2030

Smart Glasses Market Size, Share & Trends Analysis Report By Type, By Glass Tinting Technology, By Operating System (Android, Linux, Other), By Application, By Connectivity, By Region, And Segment Forecasts, 2023 - 2030

Smart Glasses Market Growth & Trends

The global smart glasses market size is anticipated to reach USD 8,187.1 million by 2030 according to a new report by Grand View Research, Inc. The is anticipated to register a CAGR of 27.1% from 2023 to 2030. The promising growth prospects of the market can be credited to the growing adoption of wearable computing technologies coupled with improvement in operations efficiency. Moreover, the ability of smart glasses to offer Augmented Reality (AR) visuals, including weather imaging, stocks, text messages, calender, and teleprompter-like functions is expected to drive the market growth further.

Smart glasses are usually equipped with behind-the-ear speakers for music playback, hands-free calling, and activity tracking. Moreover, it also detects accurate and precise measurements, which has led to an increase in its use in the aerospace and defense, architecture and construction, medical, electronics, energy and power, heavy machinery, and entertainment sectors. This, in turn, is expected to drive the market growth further.

The key market players are focusing on partnerships and collaborations to cater the consumer demands. For instance, in September 2020 Meta Platforms, Inc. announced the partnership with EssilorLuxottica to develop next generation smart glasses. The collaboration has helped companies to combine their experience in technology and fashion to create the advanced lens technology to help people stay better connected to their friends and family.

Smart Glasses Market Report Highlights

• The audio smart glasses type has been the largest segment as it produces crystal clear sound without any hinderances from outside, allowing it to achieve a market share of over 28% from 2023 to 2030
• Based on glass tinting technology, the Electrochromic (EC) segment accounted for highest CAGR during forecast period. This can be attributed to the ability to control the tint level depending upon the environment
• The android segment accounted for the largest market share of over 48% in the smart glasses market during the forecast period. This can be attributed to the easy-to-use interface of android operating system
• Based on connectivity, the bluetooth segment accounted for the largest revenue share of over 50% of the overall market in 2022 owing to its easy to use connectivity of smart glasses with smartphones, tablets, among others
• The healthcare smart glasses segment is expected to register fastest CAGR growth of over 29% over the forecast period. This can be attributed to its features that enable the user to maintain eye contact with the patient while maintaining full situational awareness
• North America accounted for the largest market share of near 35% in 2030, this is due to the investment and technological advancement from the key manufacturers in the region

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