Technical Innovation Is at Heart of Global Explosion of Smart Glasses Markets as Demand Jumps

Industry Overview - The Global Smart Glasses Market is experiencing significant growth due to technological advancements and increasing consumer demand for wearable technology, with a projected market size of USD 1.93 billion in 2024 and a CAGR of 27.3% from 2025 to 2030 [1][2] - Enhanced connectivity through the Internet of Things (IoT) and the rise of augmented reality (AR) applications are key drivers of this market growth [1] - The trend of remote work and virtual collaboration tools is increasing the demand for devices that facilitate seamless interaction, boosting the appeal of smart glasses in personal and professional contexts [1] Market Opportunities - The market presents growth opportunities in niche segments such as healthcare, education, and industrial applications, with smart glasses facilitating remote surgeries and enhancing training through real-time data visualization [2] - Emerging markets are also seen as significant opportunities as consumer awareness and technology adoption increase in previously untapped regions [2] Company Developments - Xiao-I Corporation forecasts generating USD 12-15 million in new revenue in 2025 from AI glasses driven by strong demand and state procurement invitations [2][5] - Xiao-I has been invited to register for centralized procurement programs by four U.S. state governments, marking a critical step in providing AI-driven solutions to public-sector organizations [3] - The company estimates delivering at least 10,000 units of AI glasses in 2025, reflecting its growth in the U.S. market and commitment to accessibility for the Deaf and hard-of-hearing community [4][5] Competitive Landscape - Companies such as Sony Group Corporation, QUALCOMM Incorporated, Microsoft Corporation, and Alphabet Inc. are actively developing new technologies and products in the smart glasses and mixed reality space [7][9][11][12] - Sony has introduced a new mixed reality headset focused on content creation for professionals, while QUALCOMM is collaborating with Samsung and Google to explore mixed-reality glasses linked to smartphones [7][9][10] - Microsoft has announced a partnership with RealWear to enhance communication and learning for frontline workers using smart glasses [11]