The global smart glasses market should reach about $20.0 billion by 2022 from $340.4 million in 2017 at a compound annual growth rate (CAGR) of 125.8%, from 2017 to 2022
Smart eyewear is a type of computerized eyewear that produces digitalized visuals for its wearer. It aids in the gathering of information, taking of photographs, and recording of video. It makes use of gesture and voice trackers hidden behind the frame’s arms. Smart eyewear can track user activities, make hands-free calls, and play music through built-in speakers. Clear and tinted (sunglass lens) glasses are available for these devices.
Smart eyewear manufacturers see the necessity for developing automated and hands-free applications that can meet the demands of monitoring, accuracy, and labor efficiency. Heads-Up Display (HUD), Head-Mounted Display (HMD), and Optical Head Mounted Display (OHMD) are some of the optical techniques they utilize (OHMD). These devices or applications give precise and accurate measurements, allowing them to be used in industries such as aerospace and military, architecture and construction, medical, electronics, energy and power, heavy equipment, entertainment, and others. It is predicted to experience rapid growth in the future due to its rise in demand and wide usage. All these factors are assisting the smart eyewear market growth globally.
The Smart Eyewear Market share is segmented into technology, mode of control, product, application, and region. Based on technology, the market is classified into an electrochromic, liquid crystal, and suspended particle display. On the basis of mode of control, it is divided into switches, remote, dimmer, and others. Based on product, the market is categorized into assisted reality glasses, mixed reality holographic displays, head-mounted displays, smart helmets, and others. Based on application, the market is segregated into architecture, transportation, consumer electronics, commercial, healthcare, and lab facilities, educational buildings, corporate, retail, and residential. Based on region, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.
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