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Smart Glasses Market worth $4,129.3 million by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 11, 2024 /PRNewswire/ — The global smart glasses market is projected to reach USD 4,129.3 million by 2030 from USD 878.8 million in 2024; it is expected to grow at a CAGR of 29.4% according to a new report by MarketsandMarkets™. Key factors propelling the market growth include the rapid technological advancements, increased demand for AR smart glasses, and growing adoption in the industrial sector. Moreover, developments in 5G technologies, and consumer market expansion are expected to create significant opportunities for the smart glasses market. Regulatory constraints, safety concerns and continuously changing consumer preferences are expected to be restraining factors for the smart glasses market. Technical limitations such as the need for miniaturized components for smart glasses considering their smaller sizes are expected to create challenges for the smart glasses market. Increasing technological advancements in display technology, sensor technology, and processors are expected to drive market growth. Furthermore, the ability to offer an immersive and more interactive experience is enabling the growth of AR and MR smart glasses adoption. Demand for advanced MR smart glasses in industries such as manufacturing, warehousing, and healthcare for training of employees, and remote assistance is also driving the growth of the smart glasses market.

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Browse in-depth TOC on “Smart Glasses Market”
181 – Tables75 – Figures261 – Pages
Smart Glasses Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 878.8 million
Estimated Value by 2030
$ 4,129.3 million
Growth Rate
Poised to grow at a CAGR of 29.4%
Market Size Available for
2020–2030
Forecast Period
2024–2030
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Type, Feature, Industry, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Technical limitations
Key Market Opportunities
Developments in 5G technology
Key Market Drivers
Growing adoption in industrial sector
Monocular smart glasses segment to grow at a significant CAGR during the forecast period.
Monocular smart glasses are expected to grow at a significant CAGR during the forecast period, driven by enhanced performance and safety features. Monocular smart glasses are generally light and compact, thus enhancing comfort during extended-use conditions. It is used in logistics, maintenance, and field services where hands-free information is needed. These monocular smart glasses increase efficiency and accuracy while reducing the margins of error by overlaying data and instructions directly on the user’s display to make guidelines and handbooks accessible to engineers and field personnel while working on the field.
Basic smart glasses segment to grow at significant CAGR between 2024 and 2030.
Faster adoption in the consumer sector for listening to music and attending phone calls hands-free is set to boost basic smart glasses growth. Basic smart glasses have with built-in audio systems that enable users to listen to music, take phone calls, and receive audio notifications. These features enable users to directly listen to the audio content through the smart glasses and eliminate the use of external earphones. With the use of such smart glasses, users can enjoy their favorite tunes without wires; and they can manage voice calls because hands-free communication is facilitated with integrated microphones. Users get navigation instructions through real-time audio guidance. Using these glasses, users can also listen to audiobooks and podcasts because the facility of immersive listening experiences on the go is offered.
Automotive segment to grow at a significant CAGR during forecast period.
The automotive sector uses smart glasses to speed car maintenance and increase driving safety. With features like hands-free operation, augmented reality navigation, and real-time data presentation, these devices improve driving safety and efficiency. Smart glasses with augmented reality capabilities can assist mechanics with vehicle maintenance. When a mechanic stares at a specific location of an automobile, for instance, the smart glasses can display a digital overlay with torque settings, repair directions, and technical details. This feature significantly reduces the time required for diagnosis and repairs and speeds up the repair process by providing fast access to critical information.
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Europe region is likely to offer significant growth opportunities in the global smart glasses industry during the forecast period.
Technological advancements in AR and VR technologies, growing demand from gaming and entertainment, integration with consumer electronics devices, and demand from industries such as healthcare are expected to be the drivers for the smart glasses market in the European region.
The increasing adoption in the German automotive industry for improving efficiency, quality, and safety across the industry, rising demand from healthcare, education & research in UK, and increasing demand from tourism and presence of some of large smart glasses manufacturers in France are the significant drivers for European smart glasses market.
Some of the key players in the smart glasses companies include Meta (US), EssilorLuxottica (France), Seiko Epson Corporation (Japan), Amazon.com, Inc. (US), TCL Electronics Holdings Limited (China), Vuzix (US), Lenovo (China), LUCYD EYEWEAR (US), Xiaomi (China), and Huawei Investment & Holding Co., Ltd. (China).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Augmented and Virtual Reality Market by Enterprise, Technology (Augmented Reality, Virtual Reality), Offering (Hardware, Software), Device Type (HMDs, HUDs, Gesture Tracking Devices), Application and Region – Global Forecast to 2029
Head Mounted Display (HMD) Market Size, Share, Statistics and Industry Growth Analysis Report by Type, Technology (AR, VR), Application (Consumer, Commercial, Enterprise & Industry, Aerospace & Defense), Product Type (Head-mounted, eyewear), Component, Connectivity and Region – Global Forecast to 2029
Wearable Display Market by Product Type (Smart Bands, Smartwatches, Head-Mounted Displays), Display Technology (LED-Backlit LCD, OLED), Panel Type (Rigid, Flexible, Microdisplay), Display Size, Vertical, and Geography – Global Forecast to 2023
Augmented and Virtual Reality in Healthcare Market by Offering (Hardware and Software), Device Type, End User, Application (Patient Care Management, Medical Training & Education, Pharmacy Management, Surgery), and Geography – Global Forecast to 2023
AR and VR Display Market by Device Type (AR HMDs, VR HMDs, AR HUDs, VR Projectors), Technology, Display Technology (LCD, OLED, Micro-LED), Application (Consumer, Commercial, Enterprise, Healthcare, Aerospace & Defense) & Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-glasses-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/smart-glasses.asp
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NewPhotonics Introduces NPG102 Transmitter-on-Chip for DSP-based Optical Modules Serving 1.6 Tbps AI-era Data Center Interconnect

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Optical head transmitter with integrated lasers enables all-optics transceiver innovation in network and compute infrastructure
TEL AVIV, Israel, Sept. 19, 2024 /PRNewswire/ — NewPhotonics Ltd., a leader in advanced integrated photonics technologies, today introduced its NPG102 PIC transmitter on chip (TOC) at1.6Tbps for DSP-based optical transceiver modules.  The NPG102 TOC delivers low latency data communications at low power consumption and reduced channel loss to meet the increasing AI-cluster processing demands on data center infrastructure.

The optimized flip-chip integrates octal channel, auto-tunable lasers and 224Gbps PAM4 modulation featuring aggregated bandwidth at 1.6Tbps with electrical to optical transmission. Internal ADC/DAC supports channel control and monitoring in a package with on-chip temperature monitoring at low 2.9W power consumption.
Integrated Lasers Improve Module Time to Market
Designed for pluggable OSFP modules, the monolithically integrated lasers and modulators improve system integration with wafer-level laser alignment and integrated direct modulation. This additional advantage of all-optics innovation in the transceiver chip design results in accelerated OEM manufacturing yield maturity and time to market for transceiver module delivery.
“As data centers worldwide strive to accelerate infrastructure improvements that enhance AI workload performance, the entire value chain is seeking progressive solutions that deliver faster and more energy efficient data processing.” said Doron Tal, senior vice president and general manager of Optical Connectivity. “Our all-optics innovation roadmap for the NPG102 for 1.6Tbps DSP-based modules puts data centers on a path in this decade to deliver higher capacity, low power optical connectivity.”
The NewPhotonics NPG102 PIC transmitter-on-chip for DSP-based transceiver module sampling will be available in Q2 2025.
About NewPhotonics
NewPhotonics is a fabless semiconductor designs, develops and manufactures photonic integrated circuit (PIC) solutions for AI-era data center optical communications. Our integrated NPG102 PIC transmitter on chip family delivers low latency, reduced power in optical transceiver modules for all-optics connectivity. The company’s silicon photonics innovations breakthrough speed, energy and distance barriers in optical I/O in a new all-optics paradigm. NewPhotonics, based in Tel Aviv, Israel, is privately held and funded. For more information visit www.newphotonics.com 
Press Contact:
Corporate [email protected]+972 3 614-3147
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Royal Meteorological Society’s Public Vote opens for 2024 ‘Standard Chartered Weather Photographer of the Year’ Award

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LONDON, Sept. 19, 2024 /PRNewswire/ — The public vote for the Standard Chartered Weather Photographer of the Year 2024 is now open. From 19 September to 17 October, individuals can vote for their favourite image from a shortlist showcasing the world’s most striking weather and climate photography.

Now in its ninth year, the competition, organised by the UK’s Royal Meteorological Society, serves as an international platform to raise awareness of the environmental issues putting our planet at risk—including heatwaves, cyclones, and extreme flooding—while also depicting the awe-inspiring beauty and power of the weather.
With the introduction of the Standard Chartered Climate Award in 2024, the competition attracted thousands of entries from photographers of all ages and skill levels worldwide. Many participants were eager to document the human impacts of extreme weather events such as floods, droughts, and wildfires.
The shortlist gallery for the public vote is available on the Royal Meteorological Society’s website, featuring 25 outstanding weather and climate photographs.
Highlights include a Saharan dust storm; an ice halo, rare red sprite lightning; and sublime landscapes blanketed in hoarfrost. The shortlist gallery also provides insights into the science behind the weather phenomena and the stories behind the images—as well as the photographers’ adventures and the techniques used to capture them.
View the shortlist and vote for your favourite.
Competition Timeline
Public Vote Open: 19 September (07:00 BST) – 17 October (23:59 BST)
Winners’ Announcement: 30 October 2024
Professor Liz Bentley, Chief Executive of the Royal Meteorological Society, commented:
“In my nine years judging this competition, I always see something new and astonishing. This year’s entrants have highlighted those regions of the world facing the worst impacts of climate change, but they also bring home the message that climate change is affecting the weather patterns of the more temperate climates and the most comfortable of societies too. We need to galvanise and act now to make change happen.”
Marisa Drew, Chief Sustainability Officer at Standard Chartered, commented: 
“In the second year of our sponsorship, I am once again struck by the photography surfaced in the shortlist, which showcases the impacts of our changing climate on communities and our natural environment. With winners announced next month, I look forward to seeing which photograph wins our new Climate Award, introduced this year to bring greater awareness to the importance of climate mitigation and adaptation. Good luck to everyone on the shortlist.”
Read Notes to Editors
Download high-res or low-res images, captions and image copyright attribution here.
 
 

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XRP Healthcare Magazine Unveils Groundbreaking AI Development in 4th Issue, Featuring Elon Musk

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DUBAI, UAE, Sept. 19, 2024 /PRNewswire/ — The highly anticipated fourth edition of XRP Healthcare Magazine has arrived, featuring an exciting and innovative update on XRP Healthcare’s rapid progress in artificial intelligence (AI). Despite being less than two years old, the company continues to make incredible strides in healthcare innovation. This issue highlights the launch of the XRPH AI chatbot—a multi-lingual digital assistant designed to deliver personalized health advice that spans traditional, holistic, and conventional treatments. Available at www.xrph.ai, the chatbot offers country and region-specific insights, tailored to users’ unique medical needs.

 
 
The XRPH AI chatbot stands out for its ability to generate custom personal training programs based on users’ weight, height, ethnicity, injuries, and diet preferences. It also provides advice on meditation techniques, nutrition, and cutting-edge treatments for terminal illnesses, such as cancer. XRP Healthcare has a dedicated AI development team continuously working to evolve the chatbot, with more innovations planned for release later this quarter.
Chairman Whitney Lynn commented, “The XRPH AI chatbot is a significant breakthrough in personalized healthcare. We’re blending modern AI technology with holistic medical wisdom to create an intuitive tool that is accessible to users around the globe.”
As part of the magazine’s main feature, it also explores Elon Musk’s game-changing investments in AI, which are revolutionizing healthcare through projects like Neuralink. Musk’s advancements are pushing the boundaries of medical diagnostics and treatment, fostering healthy competition in the AI sector and driving the next golden age of innovation.
CEO Kain Roomes added, “The incredible progress we’ve made since inception is a testament to our vision and dedication. Our AI chatbot is just the beginning, and with our dedicated team, we are constantly looking for new ways to improve healthcare experiences.”
Keith Errey, CTO of XRP Healthcare and founder of Isansys Lifecare, also plays a key role in the company’s AI-driven approach. His previous work at Isansys Lifecare involved a groundbreaking partnership with The Birmingham Women’s and Children’s NHS Foundation Trust, where they deployed the Patient Status Engine—a state-of-the-art monitoring platform that detects early signs of patient deterioration, enabling faster and more effective care. Speaking at the Thames Valley Chamber of Commerce International Technology Conference earlier this year, Keith emphasized the pivotal role of AI in healthcare: “The big win in AI will be organizational efficiency. That for the NHS has to be the way forward.” His expertise continues to shape XRP Healthcare’s AI innovations.
The fourth issue of XRP Healthcare Magazine also features Chantelle Gosling-Udonwa, founder of a revolutionary, eco-friendly children’s toy company, and Sam Desalu, founder of the Cornerstone Foundation, which is rekindling hope in Africa through grassroots healthcare initiatives. Additionally, the magazine celebrates the Top 10 female CEOs in Africa and explores Donald Trump’s political future and its potential impact on healthcare and cryptocurrency.
Free physical copies of the magazine can be ordered from www.xrphealthcare.ai (postage costs apply) or downloaded from ISSUU here. With XRP Healthcare’s rapid progress and exciting updates expected later this quarter, this issue is a must-read for anyone interested in the future of AI and healthcare.
About XRP Healthcare:XRP Healthcare is revolutionizing global healthcare with blockchain & AI. As the first Pharma and Healthcare platform built on the XRP Ledger, our Prescription Savings Card in the USA enhances accessibility and affordability. Meanwhile, our mergers and acquisitions in Africa are broadening healthcare access across the continent.
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