Germany Smart Glasses Market Size & Outlook, 2024-2030
Germany smart glasses market, 2018-2030 (US$M)
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Germany smart glasses market highlights
- The Germany smart glasses market generated a revenue of USD 79.9 million in 2023 and is expected to reach USD 400.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 25.9% 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 79.9 million |
| Market revenue in 2030 | USD 400.6 million |
| Growth rate | 25.9% (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, Germany accounted for 5.2% 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 Europe, Germany smart glasses market is projected to lead the regional market in terms of revenue in 2030.
- Russia is the fastest growing regional market in Europe and is projected to reach USD 135.2 million by 2030.
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Smart Glasses Market Scope
Smart Glasses Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 82.85% in 2024. Horizon Databook has segmented the Germany smart glasses market based on e-commerce, retail covering the revenue growth of each sub-segment from 2018 to 2030.
The increased focus of domestic countries to enhance productivity through the consolidation of Artificial Intelligence, Internet-of-Things (IoT), and Big Data, is positively influencing the smart glasses market in the country.
These initiatives have instigated the adoption of AR smart glasses across various manufacturing companies in the country. The entry of several new companies and their expansion strategies are transforming the market outlook.
For instance, in April 2023, German startup OQmented, a specialist in advanced optical technologies for AR and VR applications, raised USD 20 million in Series A funding round. Besides, increasing demand for smart glasses in industries such as gaming, entertainment, manufacturing, education, etc. is also contributing to the market growth.
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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 Germany smart glasses market , including forecasts for subscribers. This country databook contains high-level insights into Germany smart glasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany smart glasses market
Germany Smart Glasses Market Outlook Share, 2024 & 2030 (US$M)
Germany smart glasses market
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