Asia Pacific Smart Glasses Market Size & Outlook
Asia Pacific smart glasses market, 2018-2030 (US$M)
Related Markets
Asia Pacific smart glasses market highlights
- The Asia Pacific smart glasses market generated a revenue of USD 476.7 million in 2023.
- The market is expected to grow at a CAGR of 30.3% from 2024 to 2030.
- In terms of segment, retail was the largest revenue generating distribution channel in 2023.
- E-commerce is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 476.7 million |
| Market revenue in 2030 | USD 3,034.5 million |
| Growth rate | 30.3% (CAGR from 2023 to 2030) |
| Largest segment | Retail |
| Fastest growing segment | E-commerce |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | E-commerce, Retail |
| Key market players worldwide | Amazon.com Inc, Amper SA, Bose Corporation, Bandwidth Inc Class A, Alphabet Inc Class A, Lenovo Group Ltd, Magic Leap, Microsoft Corp, Qualcomm Inc, Sony Group Corp, TCL Electronics Holdings Ltd, Seiko Epson Corp, Vuzix Corp, Razer, Lumus |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.2% of the global smart glasses market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,034.5 million by 2030.
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Smart Glasses Market Scope
Smart Glasses Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific smart glasses market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart glasses market will help companies and investors design strategic landscapes.
Retail was the largest segment with a revenue share of 78.08% in 2024. Horizon Databook has segmented the Asia Pacific smart glasses market based on e-commerce, retail covering the revenue growth of each sub-segment from 2018 to 2030.
Increased adoption of IoT applications and artificial intelligence in the region is expected to boost the market growth further in the region. Several regional layers are focusing on launching innovative solutions to gain a competitive edge.
For instance, in August 2022, Xiaomi launched its first Mijia AR Glasses Camera in China. This new product features a dual camera setup, a 50-megapixel Auad Bayer four-in-one wide-angle camera, and an 8-megapixel periscopic telephoto camera with split OIS optical stabilization. Such developments are favoring the expansion of the regional market.
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Target buyers of Asia Pacific smart glasses market databook
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Our clientele includes a mix of smart glasses market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart glasses market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart glasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart glasses market
Asia Pacific Smart Glasses Market Outlook Share, 2024 & 2030 (US$M)
Asia Pacific smart glasses market
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