The Future of Eyewear
Market is Driven by Latest Technology

Key Takeaways



Key players operating in the eyewear market are Worksite Lighting LLC, DCD
Technologies ME FZCO, Azz Inc., Nemalux Inc., IKIO LED Lighting, Luceco Middle
East FZCO, Glamox UK, WAROM Technology MENA FZCO, SA Equip, Shenzhen CESP Co.
Ltd., Raytec Ltd., PROLUX International FZ LLC, Hilclare Lighting, Munira
Lighting (AL Hatimi Trading FZE), Hubbell Limited, Emerson FZE (Emerson
Electric Co.), Current Lighting Solutions LLC (GE. The rising prevalence of
visual disorders such as myopia, hyperopia, astigmatism and presbyopia across
both developed and developing countries is fueling the demand for eyewear
products. Rapid urbanization, growing geriatric population, and increasing
health awareness levels are key factors driving the growth of the global
eyewear market.



Key global market players are increasingly investing in expanding their
operations across emerging markets of Asia Pacific, South America, Middle East
and Africa to tap rising demand. Companies are also focusing on online sales platforms
to strengthen their positions and improve accessibility to customers across
remote locations.



Market Drivers



One of the major driver for the growth of the Eyewear
Market Size is rising awareness about vision correction and eye care.
Numerous non-profit organizations and eye care institutes across regions are
undertaking programs to educate people about common vision conditions and
treatment options including eyeglasses and contact lenses. Their efforts to
spread awareness about benefits of regular eye checkups are positively
influencing the sales of eyewear products worldwide.



Geopolitical Impacts on Eyewear Market
Growth



The eyewear market is facing challenges due to the current geopolitical
situation. The Russia-Ukraine conflict and global economic downturn are
negatively impacting supply chains and consumer demand. Rising inflation caused
by high energy and commodity prices is reducing consumer purchasing power
worldwide. This is lowering sales volumes in the eyewear industry as people cut
back on discretionary spending.

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