Smart Sunglasses Market – Global Industry Dynamics 2019-20, Trends & Forecast, 2021-2028

Smart sunglasses are the next big thing in the world of technology. It can be connected to smartphones, tablets or any other devices through Bluetooth, Wi-Fi, etc. Smart sunglasses can change their light filtering properties in continuity. Moreover, it can also change and adjust the brightness ration as and when the user goes from indoors to outdoors.

Driving Factors

  • The smart sunglasses market is expected to witness significant growth in the during the forecast period. Smart sunglasses market is gaining immense popularity among the tech giants such as Apple Inc., Facebook and others.

  • Moreover, rapid innovations and increased penetration of advanced technologies in developed countries have significant contribution in the growth of the overall market. Growing rate of investment in augmented reality and virtual reality will also bolster the market growth.

  • Smart sunglasses are witnessing potential demand from various sectors such as industrial, healthcare, sports, and warehouse, logistics, and supply chain management, which is expected to boost the demand for smart glasses in the global market

  • However, high price of smart sunglasses as compared to conventional sunglasses is expected to restrain market growth

Key Trends

  • One of the latest trends gaining momentum in the global smart sunglasses market is its inbuilt bone conduction audio technology. This feature helps to transfer sound to inner ear without the use of earbuds. Hence, the ear remains unplugged to answer calls, listen to music, etc. Moreover, open-air audio also helps to stay aware of surroundings.

Market Segmentation

  • The global smart sunglasses market can be segmented based on product, type, application, distribution channel, and region. In terms of product, the market can be classified into Optical Head-Mounted Display (OHMD), Augmented Reality (AR) technology, or through Heads up Display Glasses (HUD). Based on type, the global smart sunglasses market can be bifurcated into polar view and Adaptive Polarization Filtering (ADF).

  • In terms of application, the smart sunglasses market can be split into military, healthcare, video collaboration, complex manufacturing, logistics & warehousing, supply chain management, building & construction, lifestyle, and others. In terms of distribution channel, the market can be categorized into offline channel and online channel. Online channel can be sub-divided into company-owned website and e-Commerce website. Offline channel can be sub-divided into hypermarkets & supermarkets, brand stores, and specialty stores.

  • Based on region, the global smart sunglasses market can be classified into North America, South America, Asia Pacific, Middle East & Africa, and Europe. Furthermore, the regions are divided into countries such as the U.S., Canada, Germany, France, Italy, the U.K., GCC Countries, China, India, Japan, and Brazil. In terms of value, North America is expected to account for a major share of the global smart sunglasses market during the forecast period. Rapid technological advancements will lead to increased demand in the North America market.

Competition Landscape

  • The global smart sunglasses market is moderately competitive. However, with the entry of new players, the competitive environment among players in the smart sunglasses market is expected to intensify during the forecast period. Major players are focusing on incorporating advanced technologies, product innovation, etc., to gain a strong position in the market.

  • Key players operating in the global smart sunglasses market are Kopin Corporation, Microsoft Corporation, Optinvent, Seiko Epson Corporation, Vuzix Corporation, Google Glass, Recon Instruments, Meta, Lumus Ltd., Sony Corporation, HTC Corporation, and Oculus VR

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