What Does the Historical and Current Eyewear Market Size Trend Indicate?
The eyewear market has seen considerable growth due to a variety of factors.
• The scale of the eyewear industry has been expanding rapidly in previous years. The market value, which was at $158.53 billion in 2024, is predicted to surge to $175.31 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.6%.
Factors contributing to past progress include fashion and style trends, a surge in vision issues, enhanced knowledge of UV protection, celebrity support and influence, as well as an aging demographic.
What Will Be The Eyewear Market Size In The Future?
The eyewear market is expected to maintain its strong growth trajectory in upcoming years.
• The eyewear industry's size is predicted to experience a swift upsurge in the approaching years. It is projected to reach a value of $268.57 billion in 2029, with a compound annual growth rate (CAGR) of 11.3%.
Factors contributing to this predicted growth over the forecast period include innovations in smart eyewear, environmentally friendly and sustainable initiatives, market globalization and expansion, the emphasis on personalization and customization, and the growth of online trial services. Key trend forecasts for this period include heightened awareness of digital eye strain, technological advancement, focus on eco-friendly eyewear, the superiority of e-commerce, and advancements in blue light filtration technology.
What Are The Primary Growth Drivers In The Eyewear Market?
The escalation in instances of declining eye health is pushing the growth of the eyewear market. Loss of clear vision or the development of certain eye defects is what constitutes eye deterioration. Age-related macular degeneration, cataract, diabetic retinopathy, glaucoma, and long-term screen exposure are the leading causes of eye deterioration. The rising occurrence of eye deterioration will stimulate substantial demand for eyewear since it corrects eye disorders and aids in enhancing vision. For example, the Centers for Disease Control and Preventionat, a U.S. Government organization, stated in May 2024 that about 3 out of every 5 Americans aged 40 or above, which estimates to be around 90 million individuals, encounter vision and eye issues. By the year 2050, vision-related complications in the U.S. are anticipated to skyrocket considerably. Diabetic retinopathy will increase by 72%, cataracts by 87%, and both glaucoma and age-related macular degeneration will double. Predictions suggest a 150% rise in vision impairment and blindness, with the cost of vision problems escalating by 157% to $373 billion. As a result, the escalating instances of declining eye health are anticipated to significantly boost the eyewear demand during the forecast period.
What are the Market Segments in 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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What Trends are Shaping the Eyewear Market?
The eyewear market is observing a prominent trend in the form of technological innovation. The rise of smart glasses, an outcome of technological progress, is becoming increasingly popular in this market. These cutting-edge devices incorporate a display in front of a user's eyes which presents information from a background system. This display can be integrated on the lens of the glasses or offered as a separate entity. Smart glasses are equipped with additional intelligent features such as Bluetooth compatibility, inclusive ear speakers, and fitness trackers. They are designed to offer convenience and ease for the user. To solidify their standing in the market, prominent players are emphasizing the provision of smart glasses. An example of these is the January 2022 release of Titan EyeX by Titan, a luxury goods company from India. This product, which is compatible with both Android and iOS smartphones, boasts features such as touch controls, open-ear speakers, and fitness tracking systems. The Titan EyeX, which is also water and dust-resistant, has an integrated fitness tracker. Its open-ear speakers also provide voice navigation and alerts during high-intensity usage.
Who Are the Key Players in the Eyewear Market?
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
What are the Regional Insights into 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.
