Entrepreneur Opportunities in the Smart Glasses Market
Added on 2023-05-30
4 Pages1154 Words419 Views
Running head: ENTREPRENEUR OPPORTUNITIES
Smart glasses automatically adjusting the focus on a person and many unique features
Name of the Student
Name of the University
Author note
Smart glasses automatically adjusting the focus on a person and many unique features
Name of the Student
Name of the University
Author note
1ENTREPRENEUR OPPORTUNITIES
The global smart glasses market is one of the emerging products in the market. It has
been reported that the market size of smart glasses has increased at a CAGR of 42.87% during
2018-2022 (Paro et al. 2018). One of the trends in the market is scope for varied players to
venture in to smart glasses market (Hein and Rauschnabel 2016). On the other hand, the
conventional eyewear manufacturers manufacture the variables that are targeted for sports
person’s use. The smart glasses are different from traditional glasses that consider additional
functionalities that are processed. The smart glasses include sensors as well as wireless
technology connected to several smart wearables as well as devices like smartphones and
watches. It has been reported that the revenue market in the eyewear market amounts Wrzus and
Mehl (2017) mentioned that despite the increase of cost, people spends more on optical products.
In 2008, 2.55 billion euro spent on optical goods as well as services compared to 2.82 billion
euro in 2013 and 2.93 billion euro in 2014. The trend shows that there is an increase of optical
markets in the UK in upcoming years. In 2010, the independents had nearly 40% of the UK
market, whereas in 2013the figure dropped to 28% (Optical.org 2018). However, it remained
steady in 2015 at 29%. Hence, it proves the market is increasing every day because of increasing
the eye issues of people.
One of the drivers in the market is operation automation. The procedure of automation in
the manufacturing industry is minimizing the requirement of human labor. The World Economic
Forum 2016 held at Switzerland indicated the fourth industrial revolution that will be based on
entire automated industry. However, one of the challenges in the market is uncertain market
conditions. Specific pessimistic aspects to smart glasses market are one of the factors involved
with the process. The key market trend has been identified as scope for varied players to the
ventures into smart glasses market, patenting of technology, development of AR platforms
(Larivière et al. 2017). Focusing on the factor of utility and adoption of gesture recognition in
smart glasses are also considered as the key market trends. The development of the market is
driven through the factors like increasing demand for the smart glass in the applications.
Political: The global smart glass has developed in a significant way and expected to
develop more in upcoming days (Wrzus and Mehl 2017). Brexit- the UK to leave the European
Union is one of the major issues that has impact on the sales of SAGAN. In addition, stability of
The global smart glasses market is one of the emerging products in the market. It has
been reported that the market size of smart glasses has increased at a CAGR of 42.87% during
2018-2022 (Paro et al. 2018). One of the trends in the market is scope for varied players to
venture in to smart glasses market (Hein and Rauschnabel 2016). On the other hand, the
conventional eyewear manufacturers manufacture the variables that are targeted for sports
person’s use. The smart glasses are different from traditional glasses that consider additional
functionalities that are processed. The smart glasses include sensors as well as wireless
technology connected to several smart wearables as well as devices like smartphones and
watches. It has been reported that the revenue market in the eyewear market amounts Wrzus and
Mehl (2017) mentioned that despite the increase of cost, people spends more on optical products.
In 2008, 2.55 billion euro spent on optical goods as well as services compared to 2.82 billion
euro in 2013 and 2.93 billion euro in 2014. The trend shows that there is an increase of optical
markets in the UK in upcoming years. In 2010, the independents had nearly 40% of the UK
market, whereas in 2013the figure dropped to 28% (Optical.org 2018). However, it remained
steady in 2015 at 29%. Hence, it proves the market is increasing every day because of increasing
the eye issues of people.
One of the drivers in the market is operation automation. The procedure of automation in
the manufacturing industry is minimizing the requirement of human labor. The World Economic
Forum 2016 held at Switzerland indicated the fourth industrial revolution that will be based on
entire automated industry. However, one of the challenges in the market is uncertain market
conditions. Specific pessimistic aspects to smart glasses market are one of the factors involved
with the process. The key market trend has been identified as scope for varied players to the
ventures into smart glasses market, patenting of technology, development of AR platforms
(Larivière et al. 2017). Focusing on the factor of utility and adoption of gesture recognition in
smart glasses are also considered as the key market trends. The development of the market is
driven through the factors like increasing demand for the smart glass in the applications.
Political: The global smart glass has developed in a significant way and expected to
develop more in upcoming days (Wrzus and Mehl 2017). Brexit- the UK to leave the European
Union is one of the major issues that has impact on the sales of SAGAN. In addition, stability of
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
BUSINESS OPPORTUNITY PROJECT INTRODUCTION 3 PROJECT 3 VISUAL INFOGRAPHIC 3 REFERENCES 6 INTRODUCTIONlg...
|6
|1084
|427
Zara Fashion Clothing: Supply Chain and Stakeholder Engagementlg...
|12
|1065
|224