Canada Smart Glasses Market Size & Outlook, 2023-2030
Canada smart glasses market, 2018-2030 (US$M)
Related Markets
Canada smart glasses market highlights
- The Canada smart glasses market generated a revenue of USD 52.2 million in 2023 and is expected to reach USD 306.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 28.8% 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.
Smart glasses market data book summary
| Market revenue in 2023 | USD 52.2 million |
| Market revenue in 2030 | USD 306.5 million |
| Growth rate | 28.8% (CAGR from 2023 to 2030) |
| Largest segment | Retail |
| Fastest growing segment | E-commerce |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 3.4% of the global smart glasses market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smart glasses market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 76.0 million by 2030.
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Smart Glasses Market Scope
Smart Glasses Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 78.74% in 2023. Horizon Databook has segmented the Canada smart glasses market based on e-commerce, retail covering the revenue growth of each sub-segment from 2018 to 2030.
Several market players and suppliers in the country are actively engaged in the distribution of smart glasses to gain a competitive advantage.
For instance, in 2021, Vuzix Corporation collaborated with TeleVU Innovation, Canadas supplier for communication solutions for smart glasses that facilitate live and secure audio-visual connection between the frontline clinicians and experts working remotely.
As a part of this initiative, the latter will supply Vuzix M400 Smart Glasses across Canada. Such strategic initiatives are expected to offer lucrative opportunities for the market in the coming years.
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Target buyers of Canada 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 country-level data and insights on the Canada smart glasses market , including forecasts for subscribers. This country databook contains high-level insights into Canada smart glasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada smart glasses market report size, by distribution channel, 2018-2030 (US$M)
Canada Smart Glasses Market Outlook Share, 2023 & 2030 (US$M)
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