The global sun lens market is anticipated to grow at a CAGR of 3.9% during the forecast period (2022-2028). The global sun lens market is growing due to the changing demand of the consumer for luxurious fashion goods. The increasing awareness among the consumer about the advantages of sun lens as they protect eyes from UVA and UVB rays of the sun is boosting the growth of the market. According to the National Eye Institute, an estimation of around 20% of cases of cataracts is caused due to UV exposure. The rising demand for fashionable accessories among millennial is considered to be one of the factors for the growth of the global sun lens market. The rise in disposable income among the emerging economic is further boosting the growth of the global sun lens market in the forecast period. The North American sun lens market is anticipated to hold the major share in the global sun lens market. The high purchasing capacity of fashionable accessories by the major population in this region as well as the rising demand for luxury and superior quality products is boosting the market growth. Additionally, the increasing awareness among the individual regarding vision care is expected to propel the growth of the North American sun lens market.
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Some major players in the market include BLOC SYSTEMS LTD., Bolle Brands Group, Eagle Eyes Optics, Lenskart.com., Oakley, Inc., Polaroid Eyewear, and Younger Optics, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance:
- In November 2021, Hero Electronix, launched smart sunglasses as well as action cameras with a vision to create a novel connected device ecosystem.
- In October 2021, Hangzhou Tairuo Technology Co., Ltd., launched first pair of augmented reality sunglasses with the launch of ‘Nreal Air’ in the global market.
- In June 2021, HOYA VISION CARE CO., launched of two product line expansions, for eye care professionals to offer their patients with cutting-edge sensity fast light reactive lens technology this summer.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material Type
- By Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – BLOC SYSTEMS LTD., Bolle Brands Group, Eagle Eyes Optics, Lenskart.com., Oakley, Inc., Polaroid Eyewear, and Younger Optics, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Sun Lens Market Report by Segment
By Type
- Polarized
- Non-polarized
By Material Type
- Glass Sun Lens
- CR-39 Sun Lens
- Polycarbonate Sun Lens
- Polyurethane Sun Lens
- Others
By Application
- Vehicle Driving
- Outdoor Sporting and Traveling
- Fishing and Boating
- Others
By Distribution Channel
- Online
- Offline
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