NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Technavio's latest offering, the Smart Glasses Market report provides a detailed analysis of the competitive scenario, drivers, trends, challenges, and market growth across various regions. 61% of the market's growth will originate from North America during the forecast period. The US is a key market for smart glasses in North America. Market growth in North America will be faster than the growth of the market in other regions. The presence of a well-developed communication network will facilitate the smart glasses market growth in North America over the forecast period.
The smart glasses market value is anticipated to grow by USD 69.10 mIllion, progressing at a CAGR of 15% from 2020 to 2025 as per the latest report from Technavio.
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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.
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,
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.
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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Smart Glasses Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 15%
Market growth 2021-2025
USD 69.10 million
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 61%
Key consumer countries
US, UK, Germany, China, and France
Leading companies, competitive strategies, consumer engagement scope
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.
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,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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.
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