Eyewear Global Market Report 2025

Eyewear includes devices and accessories worn on the eyes for vision protection or improvement, as well as for fashion or beautification. Common types of eyewear include spectacles, sunglasses, goggles, and contact lenses.

Eyewear encompasses a range of products, primarily contact lenses, spectacles, and sunglasses, catering to various preferences and needs. These products are available in diverse designs and styles, addressing the fashion and vision requirements of men, women, and unisex consumers. Eyewear is distributed through multiple channels, including optical stores, independent brand showrooms, online stores, and retail outlets. This broad distribution allows consumers to access eyewear products through convenient and diverse shopping channels.

The eyewear market research report is one of a series of new reports from The Business Research Company that provides eyewear market statistics, including eyewear industry global market size, regional shares, competitors with an eyewear market share, detailed eyewear market segments, market trends and opportunities, and any further data you may need to thrive in the eyewear industry. This eyewear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The eyewear market size has grown rapidly in recent years. It will grow from $158.53 billion in 2024 to $175.31 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to fashion and style trends, increasing vision problems, rising awareness of up protection, celebrity endorsements and influences, aging population.

The eyewear market size is expected to see rapid growth in the next few years. It will grow to $268.57 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to innovation in smart eyewear, eco-friendly and sustainable practices, globalization and market expansion, personalization and customization, rise of online try-on services. Major trends in the forecast period include digital eye strain awareness, technological advancements, focus on sustainable eyewear, e-commerce dominance, blue light filtering technology.

The rising incidence of deteriorating eye health is fueling the growth of the eyewear market. Eye deterioration refers to the loss of clear vision or the onset of various eye defects. Common causes of eye deterioration include age-related macular degeneration, cataracts, diabetic retinopathy, glaucoma, and prolonged screen usage. The increasing prevalence of these conditions is expected to significantly boost demand for eyewear, as it aids in correcting vision disorders and restoring clear sight. For example, in May 2024, the Centers for Disease Control and Prevention, a U.S.-based government agency, reported that about 3 in 5 Americans over the age of 40-approximately 90 million individuals-experience vision and eye issues. By 2050, vision-related problems in the U.S. are projected to rise dramatically, with diabetic retinopathy expected to increase by 72%, cataracts by 87%, and both glaucoma and age-related macular degeneration likely to double. Overall, vision impairment and blindness are anticipated to rise by 150%, with the financial burden of vision problems projected to escalate by 157% to reach $373 billion. Therefore, the growing incidence of deteriorating eye health is anticipated to significantly enhance demand for eyewear during the forecast period.

The increasing aging population is projected to stimulate growth in the eyewear market in the coming years. An aging population denotes a demographic transition marked by a rising proportion of elderly individuals within society over time. This global trend has contributed to a higher prevalence of age-related vision issues, subsequently driving the demand for reading glasses, bifocals, and other corrective eyewear. For instance, in November 2022, a report published by the United Nations, a U.S.-based intergovernmental organization, indicated that the percentage of the global population aged 65 and older is expected to grow from 10% in 2022 to 16% by 2050. Thus, the increasing aging population is a significant driver of the eyewear market.

The eyewear market is witnessing a significant trend driven by technological advancements, with a particular focus on the emergence of smart glasses. Smart glasses represent a technological innovation in eyewear, introducing features that integrate computer screens or displays into the wearer's field of vision. This technology facilitates the presentation of data from background information systems directly onto the lens of the glasses or as a separate component within the user's eyesight. Beyond the display functionality, smart glasses often come equipped with additional smart features, including Bluetooth connectivity, open-ear speakers, fitness tracking capabilities, and more. These smart glasses typically adopt a modular design, enhancing user convenience and ease of use. Major players in the eyewear market are strategically embracing this trend by offering smart glasses to fortify their market positions. As an illustration, in January 2022, Titan, a prominent Indian luxury products company, introduced its latest innovation, the Titan EyeX smart glasses. Notable features of the Titan EyeX include open-ear speakers, touch controls, and an integrated fitness tracking system. The wearable, equipped with Bluetooth v5.2 compatibility for both Android and iOS smartphones, is designed to be dust and water-resistant. The inclusion of open-ear speakers allows for voice navigation and alerts, enhancing the overall user experience during extended usage. This example reflects the industry's commitment to incorporating cutting-edge technology into eyewear, providing consumers with advanced functionalities and modern conveniences.

Major players in the eyewear market are actively engaged in the development of innovative technologies, such as Alexa-powered glasses. These glasses seamlessly incorporate Amazon's virtual assistant, Alexa, enabling users to interact with the digital assistant hands-free through integrated voice control. As an example, in September 2023, Amazon.com, Inc., a US-based e-commerce company, introduced 'Echo Frames.' These smart frames are equipped with Alexa, allowing users to stay connected while seamlessly integrating into their lifestyle when not in active use. The smart glasses offer a range of lens options, including UV400-protected sunglass lenses, prescription-ready choices, and blue light lenses. They feature IPX4 water resistance and scratch-resistant properties. With a full battery charge, each pair provides up to six hours of continuous media playback, offering 40% more audio playback and 80% more talk time compared to the previous generation. Packed with convenient features, users can initiate a playlist with a double-press of a button, and the glasses support multipoint pairing.

In March 2022, Kering Eyewear, an Italy-based luxury eyewear company, revealed its agreement to acquire Maui Jim Inc for an undisclosed amount. This strategic acquisition is considered a noteworthy milestone in Kering Eyewear's broader expansion plan, aiming to establish the brand as a prominent high-end eyewear label. Maui Jim Inc., the company being acquired, is a US-based manufacturer specializing in sunglasses.

Major companies operating in the eyewear market include Silhouette International Schmied AG, JAND Inc., LVMH Moet 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

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.

The countries covered in the eyewear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The eyewear market consists of sales of goggles and blindfolds. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Eyewear Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on eyewear market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for eyewear ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The eyewear market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered: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

• Companies Mentioned: Silhouette International Schmied AG; JAND Inc.; LVMH Moet Hennessy Louis Vuitton SE; Essilor International S.A.; Carl Zeiss AG
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.