DUBLIN–( )–The “Eyewear Worldwide Market Report 2022” report has been added to ResearchAndMarkets. com’s offering.

This statement provides strategists, marketers and senior management with the critical information they need in order to assess the global eyewear market.

The global eyewear market is expected to grow from $90. 75 billion in 2021 to $98. 82 billion dollars in 2022 at a compound annual growth rate (CAGR) of 8. 90%. The eyewear market is expected to develop to $156. 31 billion in 2026 at a compound annual growth rate (CAGR) of 8. 90%.

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Major players in the eyeglasses market are Luxottica Group SpA, Essilor International, Zeiss International, Johnson & Manley Vision Care Inc, Bausch & Lomb Inc, Marchon Eyewear Inc, Fielmann AG, HOYA Corporation, De Rigo SpA, Alcon Vision LLC, GKB Opticals Limited, Titan Company Limited, Lenskart Solutions Private Limited, Ronak Optik Private Small, Prada SpA, and Rayban Sun Optics India Private Limited.

The particular eyewear marketplace consists of sales of sunglasses by entities (organizations, sole traders, and partnerships) that refer to devices and accessories worn on the eyes to protect or improve the vision or eyesight. Eyewear is also used as an accessory for fashion or beautification. Spectacles, sunglasses, goggles, and contact lenses are some of the most commonly used eyewear.

The main products of eyewear include contact lenses, spectacles, plus sunglasses. They are widely available in men, women, and unisex variants. These are distributed through optical stores, independent brand showrooms, online stores, plus retail stores.

North America was the largest region in the eyewear market in 2021. Asia Pacific is anticipated to be the fastest-growing area in the particular forecast period. The regions covered in eyewear marketplace report are usually Asia-Pacific, Western Europe, Eastern Europe, Northern America, South America, Middle East and Africa.

The increasing cases associated with deteriorating eye health are driving the growth of the eyewear market. Eye deterioration refers in order to losing the particular ability to see clearly or the emergence of some defects inside the eye. The most prevalent causes of vision deterioration include age-related macular degeneration, cataract, diabetic retinopathy, glaucoma, and prolonged screen usage.

The particular increasing prevalence of eye deterioration will drive significant demand with regard to eyewear as it helps in correcting attention disorders plus helps in gaining clear eyesight.

For instance, according to the news release in October 2021 by the World Health Organization (WHO), at least 1 billion dollars people worldwide have near or distant visual impairment that could be prevented or has yet to be addressed. Vision impairment majorly affects people over the age of 50 and the leading causes are usually untreated cataracts and uncorrected refractive error. Therefore, the particular increasing cases of deteriorating eye health is likely to boost demand for eyeglasses during forecast period.

Technological advancement is a key trend gaining popularity within the sunglasses market. Technical advancements inside eyewear such as smart glasses are gaining traction in the market. Smart glass refers to a gadget that places a computer screen/display in front associated with a person’s eyes using appropriate technology in order to convey data from a background information system. The display can be shown/reflected on the particular lens of glasses or even delivered to the eyesight as a separate component.

The smart glasses also come with other smart features this kind of as Bluetooth connectivity, open ear speakers, a fitness tracker, plus others. These have the modular design and provide functionalities for convenience and ease for users. The key marketplace players are usually focusing on offering smart glasses to strengthen their market position.

For instance, in January 2022, Titan, an Indian luxury products company introduced its new wise glasses Ti (symbol) EyeX. Open-ear speakers, touch controls, and fitness tracking systems are the intriguing features of Titan EyeX smart eyeglasses. The Wireless bluetooth v5. 2-enabled wearable is compatible with Android and iOS smartphones. The product also includes an inbuilt fitness tracker and will be dust plus water-resistant. The particular smart glasses’ open-ear loudspeakers also enable voice navigation and warnings during heavy use.

In March 2022, Kering Eyewear, an Italy-based luxury eyewear company announced an agreement to acquire Maui Jim Incorporation for an undisclosed amount. This acquisition is usually seen while a significant milestone in the company’s overall expansion plan, which intends to solidify the particular label like a prominent high-end eyeglasses brand. Boasts Jim Inc is a good US-based sunglasses manufacturing company.

The countries covered within the sunglasses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

For more information about this report visit https://www.researchandmarkets.com/r/hqslbh

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