Eyewear Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What industry-specific factors are fueling the growth of the eyewear market?
The escalating incidences of compromised eye health act as a propellant for the growth of the eyewear market. Poor vision or the development of eye anomalies are signs of eye health deterioration. Age-related macular degeneration, cataracts, diabetic retinopathy, glaucoma, and prolonged exposure to screens are the most widespread precipitating factors. As the instances of vision deterioration amplify, so does the need for eyewear that rectifies visual maladies and aids in obtaining unclouded eyesight. For instance, data from the US-based governmental agency, Centers for Disease Control and Prevention, stated that around 3 out of 5 Americans over the age of 40, equivalent to nearly 90 million individuals, grapple with vision and eye complications as of May 2024. Projections for 2050 indicate a substantial upsurge in vision-related difficulties in the U.S, including a 72% increment in diabetic retinopathy cases, an 87% increase in cataracts, and a doubling in both glaucoma and age-related macular degeneration cases. A predicted surge in vision impairment and blindness by 150% is anticipated to drive the cost of vision issues up by 157% to $373 billion. Thus, the escalating instances of compromised eye health during the forecast period are projected to spur an increased demand for eyewear.

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What Is the projected market size and growth rate for the eyewear market?
Over the past few years, there has been a considerable expansion in the eyewear market size. Having reached a value of $158.53 billion in 2024, it is expected to escalate to $175.31 billion in 2025, displaying a compound annual growth rate (CAGR) of 10.6%. The impressive growth during the historic period can be traced back to fashion and style trends, escalated vision issues, growing consciousness about UV protection, celebrity patronage and influence, and the aging population.

In the forthcoming years, the eyewear market is projected to experience swift expansion. With a compound annual growth rate (CAGR) of 11.3%, it aims to reach $268.57 billion by 2029. Factors contributing to this growth in the projected period include the introduction of innovative smart eyewear, implementation of eco-friendly and sustainable tactics, global market expansion, individualization and customization, and the emergence of virtual try-on services. Key trends to look out for during the predicted period cover digital eye fatigue consciousness, technological upgrades, emphasis on sustainable eyewear, dominance of online commerce, and the implementation of blue light blocking technology.

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What new trends are reshaping the eyewear market and its opportunities?
The evolution of technology is a prominent trend emerging in the eyewear industry. Innovations such as smart glasses are generating interest within the market. A smart glass is a device that employs suitable technology to place a computer screen/display before the eye, transmitting data from an underlying information system. This display could be projected onto the glasses' lens or presented to the vision as an unattached unit. These smart glasses often include additional features like Bluetooth connectivity, open ear speakers, and fitness trackers. Their modular structure offers user conveniences and enhances utility. Major market competitors are prioritizing the provision of smart glasses to bolster their market presence. As an illustration, Titan, a prestigious Indian luxury goods business, launched its latest smart glasses, Titan EyeX, in January 2022. The standout features of Titan EyeX smart glasses include open-ear speakers, touch controls, and a fitness tracking system. The Bluetooth v5.2 capable wearable is compatible with both Android and iOS devices. The smart glasses also feature an integrated fitness tracker and are resistant to dust and water. The open-ear speakers on the smart glasses facilitate voice-guided navigation and alerts during extensive usage.

What major market segments define the scope and growth of the eyewear market?
The eyewear market covered in this report is segmented -

1) By Product: Contact Lenses, Spectacles, Sunglasses
2) By Gender: Men, Women, Unisex
3) By Distribution Channel: Optical Stores, Independent Brand Showrooms, Online Stores, Retail Stores

Subsegments:
1) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable (RGP) Lenses, Colored Contact Lenses
2) By Spectacles: Prescription Glasses, Reading Glasses, Blue Light Blocking Glasses
3) By Sunglasses, Polarized Sunglasses, Fashion Sunglasses, Sports Sunglasses

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Which region dominates the eyewear market?
North America was the largest region in the eyewear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the eyewear market during the forecast period. The regions covered in the eyewear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the eyewear industry growth?
Major companies operating in the eyewear market include Silhouette International Schmied AG, JAND Inc., LVMH Moët Hennessy Louis Vuitton SE, Essilor International S.A., Carl Zeiss AG, Alcon Vision LLC, Hoya Corporation, Johnson & Johnson Vision Care Inc., Specsavers Optical Group Limited, GrandVision BV, Burberry Group plc, Bausch & Lomb Incorporated, The Cooper Companies Inc., Italia Independent Group S.p.A., Fielmann AG, Safilo Group S.p.A., Kering Eyewear, Marchon Eyewear Inc., Rodenstock GmbH, TAG Heuer SA, De Rigo Vision S.p.A., Marcolin S.p.A., Oakley Inc., Maui Jim Inc., Charmant Group Inc., Seiko Optical Products Co. Ltd., Lafont Paris, Luxottica Group S.p.A., Silmo Paris, Luxexcel Group BV

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What Is Covered In The Eyewear Global Market Report?

•Market Size Forecast: Examine the eyewear market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the eyewear market for a structured understanding.
•Key Players Overview: Analyze major players in the eyewear market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the eyewear market.
•Segment Contributions: Evaluate how different segments drive overall growth in the eyewear market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the eyewear market.
•Industry Challenges: Identify potential risks and obstacles affecting the eyewear market.
•Competitive Landscape: Review strategic developments in the eyewear market, including expansions, agreements, and new product launches.

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