Lucintel's latest market report analyzed that eyewear provides attractive opportunities in the online and offline retail industries. The eyewear market is expected to reach $196.5 billion by 2028 with a CAGR of 6.4%. In this market, spectacle is the largest segment by product type, whereas offline channel is largest by distribution channel. Development of brain-sensing eyewear, development of eco-friendly polymer material for spectacles frames and lenses, and growing use of colored contact lenses provides strategic growth path in this market.
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Based on product type, the eyewear market is segmented into spectacles, contact lenses, and sunglasses. The spectacles segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing awareness regarding eye healthcare, and growing number of users of smartphones and computers.
Browse in-depth TOC on “Eyewear Market”
153 – Tables
195 – Figures
323 – Pages
The Eyewear Market is marked by the presence of several big and small players. Some of the prominent players offering eyewear include EssilorLuxottica, Carl Zeiss, Johnson & Johnson, Bausch and Lomb, Marchon, Fielmann, Alcon Vision, Hoya, and Safilo.
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