Global Smart Audio Sunglasses Market Overview:
Smart Audio Sunglasses provides connectivity for music and phone calls while providing the necessary protection from UV radiation. These multi-functional sunglasses can be operated through smartphones to play music, answer calls, and hear notifications all from sunglasses while still being able to hear the world around. Also these sunglasses comes with rechargeable batteries with standby time upto 10 days. Increasing uses of smart audio sunglasses as a spy device has increased their demand from police and crime control departments. Rise in personal disposable income also plays an important role in switching from conventional devices to smart audio sunglasses. This will boost the market growth in upcoming years.
Growth Drivers
- Growing Awareness Among Consumers About The Need To Protect Themselves From Harmful Radiations
- Preferences For Advance Technology-based Devices
Roadblocks
- High Cost of Smart Audio Sunglasses
Opportunities
- Multi-Functional Capabilities Of Smart Audio Sunglasses
- Ease to Receiving Calls In Smart Audio Sunglasses
- Rapid Adoption of Wearable by End Users
Challenges
- Limited Battery Life of Smart Audio Sunglasses
Competitive Landscape:
Some of the key players profiled in the report are Bose Corporation (United States), Mutrics (China), ShenZhen Imiqi Technology Co., Ltd. (China), Shenzhen Hongyu Technology Co.,Ltd. (China), Vuzix (United States), Vigo Technologies Inc (United States), Fastrack (India), VocalSkull (China), Huawei Technologies Co. Ltd. (China), Hoyee Eyes (United Kingdom) and Shenzhen Gonbes Technology Co., LTD (China). Considering Market by Frames, the sub-segment i.e. Alto will boost the Smart Audio Sunglasses market. Considering Market by Device Support, the sub-segment i.e. IOS will boost the Smart Audio Sunglasses market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Smart Audio Sunglasses market. Considering Market by Gender, the sub-segment i.e. Male will boost the Smart Audio Sunglasses market. Considering Market by End User, the sub-segment i.e. Elderly will boost the Smart Audio Sunglasses market. Considering Market by Lenses, the sub-segment i.e. Polarized Lenses will boost the Smart Audio Sunglasses market.
In March 2019, Huawei launched Huawei P30 Pro, a smartglasses in collaboration with Gentle Monster. This product was aimed to provide fashion with technology.
What Can be Explored with the Smart Audio Sunglasses Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Smart Audio Sunglasses Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Smart Audio Sunglasses
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Audio Sunglasses market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Audio Sunglasses market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Smart Audio Sunglasses Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.