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Smart Glasses Market to grow by USD 69.10 mn | Evolving Opportunities with Alphabet Inc., Elbit Systems Ltd., Huawei Investment & Holding Co. Ltd |17000+ Technavio Reports – PRNewswire

Smart glasses

For more insights on the smart glasses market – Download a free sample report now!

Market Dynamics

Factors such as the growing adoption of ar gaming by individuals and the emergence of SLAM technology will provide immense opportunities for the vendors. However, factors such as the high initial cost of smart glasses will challenge the growth of the market participants. The smart glasses market analysis report also provides detailed information on the upcoming trends that will influence market growth.

Company Profiles

The smart glasses market is fragmented and the vendors are deploying growth strategies such as product innovations to compete in the market. The smart glasses market report provides complete insights on key vendors including Alphabet Inc., Elbit Systems Ltd., Huawei Investment & Holding Co. Ltd., Iristick NV, Microsoft Corp., Optinvent, Seiko Epson Corp., Sony Corp., Toshiba Corp., and Vuzix Corp.

Some Companies with Key Offerings

  • Alphabet Inc. – The company offers Glass Enterprise Edition 2 smart glasses.
  • Elbit Systems Ltd. –  The company offers Smart Ballistic glasses.
  • Huawei Investment & Holding Co. Ltd. –  The company offers smart glasses.
  • Iristick NV – Key products offered by the company include Iristick.Z1 Premium, Iristick.Z1 Essential, and Iristick.C1 Basic.
  • Microsoft Corp. – The company offers HoloLens.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The profiles include information on the production, sustainability, and prospects of the leading companies, 

Competitive Analysis

The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the smart glasses market size. The smart glasses market is segmented as –

  • By Product, the market is classified into developer and commercial.
  • By End-user,  the market is classified into enterprise and individual.
  • By OS, the market is classified into Android, Windows, and others
  • By Geography, the market is classified as North America, Europe, APAC, MEA, and South America. 

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Luxury Eyewear Market –The luxury eyewear market share is expected to increase by USD 3.30 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 3.97%. Download a free sample now!

Interactive Fitness Market –The interactive fitness market share is expected to increase by USD 6.88 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.41%.Download a free sample report now!

Smart Glasses Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 15%

Market growth 2021-2025

USD 69.10 million

Market structure

Fragmented

YoY growth (%)

14.31

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 61%

Key consumer countries

US, UK, Germany, China, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alphabet Inc., Elbit Systems Ltd., Huawei Investment & Holding Co. Ltd., Iristick NV, Microsoft Corp., Optinvent, Seiko Epson Corp., Sony Corp., Toshiba Corp., and Vuzix Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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