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Smart Eyewear: Introduction

  • Smart eyewear is a device that contains a computer screen or display, which presents data derived from the background information system; it is worn over the eyes.
  • The display is projected on the lens of the glasses or it can be a separate component brought to the eye sight. When the user doesn’t need any information given by the smart eyewear, the user can observe his or her surroundings without any distraction.
  • The smart eyewear can augment the existing real world with additional information given by the informational system it has been connected to
  • The advanced smart eyewear can automatically provide information about the target in sight such as a product in the hands, information about a scenery, and also facial recognition of an approaching individual. The user can communicate with the system with voice, signs, or finger sweeps.
  • Smart eyewear is useful to take pictures or record video. It uses gestures and voice trackers that are placed behind the arms of the frame.
  • Smart eyewear tracks user activities, makes hands-free calls, and plays music through speakers that are located behind the ears. These devices are available in clear glasses and tinted (sunglass lenses) glasses.
  • Smart eyewear detects precise and accurate measurements, thus its applications are increasing in aerospace & defense, architecture &construction, medical, electronics, energy & power, heavy machinery, and entertainment sectors

Consumer Electronics Industry Segment to Expand Significantly

  • Rise in population, increase in awareness about fitness and well-being, expansion of entertainment and fashion industries, busier lifestyles, and increased standard of living are projected to propel the consumer electronics industry segment of the smart eyewear market
  • Smart eyewear provides fast, highly accurate, efficient visualization and interactive experiences, thus increasing its demand in consumer electronics
  • Innovations in advanced technologies such as speech recognition, gesture recognition, and eye tracking are estimated to further propel the global smart eyewear market

Asia Pacific to Lead Global Smart Eyewear Market

  • Asia Pacific leads the global smart eyewear market, as the rate of adoption of smart eyewear in consumer electronics, fitness, and sports sectors is high in the region
  • Asia Pacific offers wide range of opportunities for the smart eyewear market due to an increase in healthcare expenditure in China, India, and Japan. Smart eyewear is useful to track medicine consumption, measure blood glucose levels, display subtitles for hearing impaired people and alert them in case of a potentially dangerous situations.
  • Increase in investments by major manufacturers of smart eyewear is contributing to the rapid expansion of the smart eyewear market in Asia Pacific

Key Players Operating in Global Smart Eyewear Market

  • Microsoft Corporation
  • Meta Company
  • Epson America,Inc
  • Samsung Electronics Co., Ltd
  • Recon Instruments, Inc
  • Google Inc.
  • Sony Corporation
  • Kopin Corporation

Global Smart Eyewear Market: Research Scope

Global Smart Eyewear Market, by Technology

  • Augmented Reality
  • Virtual Reality

Global Smart Eyewear Market, by Product Type

  • Head Mounted Displays
  • Assisted Reality Glasses
  • Mixed Reality Holographic Displays

Global Smart Eyewear Market, by Operating System

  • Android
  • Linux
  • Others

Global Smart Eyewear Market, by Application

  • Consumer Electronics
  • Healthcare
  • Enterprise and Industrial Applications

Global Smart Eyewear Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Smart Eyewear Market

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