2023-2030 Visionary Insights: Eyewear Industry Report
Eyewear Industry | Forecast 2030
Eyewear Industry Data Book - Traditional Eyewear, Contact Lenses and Smart Glasses Market
The global Eyewear Industry cumulatively accounted for USD 171.1 billion in revenue in 2022, which is expected to reach USD 332.0 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.7% over the forecast period.
Grand View Research’s eyewear sector data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Contact Lenses Market Insights
The global contact lenses market size was estimated at USD 17.14 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030. The increasing cases of refractive errors, such as myopia, hyperopia, presbyopia, and astigmatism, are the major factors driving the demand for contact lenses globally. The growing aging population, which is prone to eye disease has created the demand for contact lenses. In May 2023, during Vision Health Month, the Canadian Ophthalmological Society (COS) emphasized the significance of vision health care, especially among the senior citizens of the country.
the global contact lenses market based onmaterial, design, application, distribution channel, usage, and region. The silicone hydrogel lens segment accounted for the largest revenue share of more than 88.0% in 2022 owing to increasing user preference as they offer a wide range of benefits, including greater comfort and flexibility than other lenses. They provide greater comfort and an optimum level of oxygen, ensuring that the lenses remain breathable throughout their wearing cycle. Silicone hydrogel lenses can be worn for longer periods with high comfort, which is beneficial for users who spend long hours of the day looking at a screen, are easily susceptible to dry eyes, and have active lifestyles.
Order your copy of the Free Sample of “Eyewear Industry Data Book - Traditional Eyewear, Contact Lenses and Smart Glasses Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Smart Glasses Market Insights
The global smart glasses market size was valued at USD 1,232 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2023 to 2030. The demand for smart glasses is increasing due to their ability to perform complex computer powered tasks. Moreover, the rising trend of wearable technology coupled with increasing technological advancements is expected to fuel the growth of smart glasses market further. During the COVID-19 pandemic, governments across the globe imposed stringent lockdown restrictions. This restrictions resulted in disruptions in supply chain and avaibility of raw materials, which let to shut down of manufacturing facilities. Due to difficulties in everyday operations and a loss of business continuity, the demand from end-use sectors decreased significantly.However, the market for smart glasses is projected to benefit from new developments in 5G technologies and a rising shift toward digitization in the forecast period.
the global smart glasses market based on type, glass tinting technology, operating system, application, connectivity, and region: The audio smart glasses segment registered for the largest revenue share of around 29% of the market in 2022. These audio smart glasses works as a substitute for earphones or headphones as they provide audio to the speakers attached to the glasses via cable running through the sunglasses' steel hinges. Additionally, it produces crystal clear sound that goes straight into ears without any hinderances from outside, which is expected to drive the growth further.
Go through the table of content of Eyewear Industry Data Book to get a better understanding of the Coverage & Scope of the study
Eyewear Market – Global Industry Segmentation
Traditional Eyewear Market, By Distribution Channel
- E-Commerce
- Retail
- Others
Contact Lenses Market, By Distribution Channel
- E-Commerce
- Retail
- Others
Smart Glasses Market, By Distribution Channel
- E-Commerce
- Retail
- Others
Eyewear Industry, By Region
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Sweden
- APAC
- China
- Japan
- India
- South Korea
- Vietnam
- Singapore
- Australia
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
- South Africa
Competitive Insights
The key players in the eyewear industry, such as Bausch & Lomb Incorporated; Carl Zeiss AG; NetEase, Inc.; Johnson & Johnson Vision Care, Inc.; CooperVision; EssilorLuxottica; Alcon Vision LLC; Microsoft Corporation; Google LLC; and Amazon Inc. continuously seek various initiatives including mergers and acquisitions, strategic alliances, and new product launches. These vendors have significant eyewear industry expertise and a global strategic presence. This, in turn, has enabled these companies to defend their position in the market successfully.
Market Participants
- Google LLC
- Amzon Inc.
- Microsoft Corportaion
- Lenovo
- Sony Corportaion
- Johnson & Johnson Vision Care, Inc.
- EssilorLuxottica
- Carl Aeiss AG
- CooperVision
- Hoya Corportaion
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