Middle East & Africa Smart Glasses Market Size & Outlook
Middle East & Africa smart glasses market, 2018-2030 (US$M)
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MEA smart glasses market highlights
- The MEA smart glasses market generated a revenue of USD 76.7 million in 2023.
- The market is expected to grow at a CAGR of 29.1% 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, Turkey is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 76.7 million |
| Market revenue in 2030 | USD 458.1 million |
| Growth rate | 29.1% (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, MEA region accounted for 5.0% 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 |
|---|
Middle East & Africa 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 79.14% in 2023. Horizon Databook has segmented the Middle East & Africa smart glasses market based on e-commerce, retail covering the revenue growth of each sub-segment from 2018 to 2030.
The ongoing proliferation of smart consumer electronic solutions and technologically advanced gadgets is paving way for the regional market growth. Moreover, the increasing number of companies entering the market is expediting the adoption of smart glasses in the region.
For instance, in Several companies are entering the regional smart glasses market. For instance, in June 2023, the Transport General Authority (TGA) of Saudi Arabia introduced VR glasses with an aim to monitor the vehicles during the season of Haj.
This technology will help in verifying the legal status of the vehicle and the driver quickly. Such strategic initiatives and growing consumer demand will favor the growth of MEA smart glasses market over the forecast period.
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Target buyers of Middle East & Africa 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 Middle East & Africa smart glasses market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart glasses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA smart glasses market report size, by country, 2018-2030 (US$M)
Middle East & Africa Smart Glasses Market Outlook Share, 2023 & 2030 (US$M)
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