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Global Eyewear Market Size, Share and Growth Analysis Report 2025-2034
The global eyewear market reached approximately USD 136.66 Billion in 2024 and projected to grow at a CAGR of 3.10% between 2025 and 2034, reaching a value of USD 185.45 Billion by 2034. As per the analysis by Expert Market Research, the market is expected to be driven by increasing demand for customised and premium eyewear products.
Eyewear is mostly used for shielding the eyes from sunlight, harmful radiations, or debris and for correcting vision. The increasing prevalence of visual impairment in people worldwide are expected to drive the growth of the market for eyewear.
Awareness campaigns are carried out in the developing countries where visual disabilities are commonly undetected as well as uncorrected. Free eye check-up camps are set up in order to increase awareness among the public regarding the importance of eye exams which is another factor helping in the growth of the global eyewear market. Ophthalmic disorders such as presbyopia, myopia, and hypermetropia have become prevalent especially among the geriatric population which acts a major market driving factor.
Technology is paving a new way for the eyewear industry to grow by designing and manufacturing varieties of eye wear products. Plain glass has been replaced with high tech-plastic that is lightweight, durable, and also protect the eyes from UV rays.
Polarised lenses provide better vision service at night and for rainy weather as they have anti-glare features. Omni focal lens are used by those that are near and far sighted, helping them switch from one vision to another swiftly. Moreover, sports eyewear and real-time try-on features available in online stores are greatly contributing to the growth of the market.
In March 2025, Velenci, a direct-to-consumer eyewear brand, launched bold, high-quality frames to elevate eyewear from a necessity to a fashion accessory. Velenci draws inspiration from European fashion trends and combines them with modern technology to deliver a luxurious and accessible experience for consumers.
In February 2025, Target Corporation and Warby Parker announced a partnership to expand their respective consumer reach through the retailer's newest shop-in-shop, Warby Parker at Target. The store will offer products and services, including glasses, sunglasses, contacts, eye exams, and vision tests.
In January 2025, Safilo Group engaged in the manufacturing and distribution of prescription frames, sunglasses, and outdoor eyewear, announced the renewal of its global licensing agreement for Under Armour branded eyewear until 2031. Through the renewed agreement, the companies will offer athletes lightweight, versatile eyewear solutions that include both sun wear and prescription solutions.
In September 2024, EssilorLuxottica extended its partnership with Meta Platforms by entering into a new long-term agreement to develop multi-generational smart eyewear products. The companies have been collaborating successfully since 2019 which has led to the development of two generations of Ray-Ban branded smart glasses which are in high demand in the United States, Australia, and several European countries.
Headquarters: | Milan, Italy |
Establishment: | 1961 |
Website: | https://www.luxottica.com/en |
Luxottica Group S.p.A is an Italian eyewear company that specialises in the design, manufacture, and supply of eyewear for various purposes such as fashion, sports, performance, and luxury. It is known for creating premium quality products that also have characteristics of being durable and safe. They are constantly researching, innovating, and designing to produce high-tech and quality eyewear. Luxottica operates a vertically integrated business model, overseeing every step from design and production to wholesale and retail distribution. It owns and manages well-known retail chains such as LensCrafters, Pearle Vision, Sunglass Hut, and OPSM, giving it a strong global retail presence. The company has manufacturing facilities in Italy, China, Brazil, and the United States. In 2018, Luxottica merged with Essilor, a French lens manufacturer, to form EssilorLuxottica, creating a global eyewear powerhouse that combines frames and lenses under one umbrella. This strategic move has strengthened its position across the entire optical industry value chain.
Headquarters: | Texas, United States |
Establishment: | 1985 |
Website: | https://www.essilor.com/us-en/ |
Essilor of America, Inc. provides the world with top quality eyewear products. Some of the exceptional lenses provided by them are light intelligent lenses that easily adapt to changing light without making the user uncomfortable and provide protection in all conditions. Their no-glare lenses give a crystal clear vision along with smudge and scratch resistance while their progressive lenses are known to provide sharp vision with easy transitions for any distance. The company offers polarised prescription sunglasses mainly for protection and vision under the sun, single vision lenses which help prevent eye strain, and various other products with unique qualities. With a strong network of laboratories, partnerships with eye care professionals, and advanced research in optical science, the company is committed to providing customised vision solutions, enhancing visual comfort, and promoting eye health awareness. Its mission also extends to global vision care initiatives through partnerships aimed at eliminating poor vision as a barrier to learning and quality of life. Essilor of America stands out for its dedication to product innovation, consumer education, and sustainability in the vision industry. By focusing on both technological advancement and social impact, the company continues to lead the way in eye care excellence across North America.
Headquarters: | Florida, United States |
Establishment: | 1976 |
Website: | https://www.jjvision.com/ |
Johnson & Johnson Vision Care innovates and manufactures with a vision to help the world improve their vision for a better life ahead. They provide a variety of eye care solutions ranging from protection and to treatment, including disposable contact lenses. Their manufacturing processes are highly automated with the use of robotics, sterilisation systems, and vision and injection moulding. Its product portfolio includes contact lenses under the popular ACUVUE® brand, alongside surgical ophthalmic products for cataract and refractive procedures. The company serves both consumers and eye care professionals, offering advanced technologies that address conditions such as myopia, astigmatism, presbyopia, and dry eyes. Johnson & Johnson Vision Care is committed to research and development, continuously introducing cutting-edge products that enhance vision quality, comfort, and accessibility. The company also promotes eye health education and awareness globally.
Headquarters: | Padua, Italy |
Establishment: | 1934 |
Website: | https://www.safilogroup.com/en |
Safilo Group S.p.A is an Italian eyewear company that is known for designing, producing, and supplying sunglasses, ski goggles, prescription frames, helmets, cycling helmets, and sports eyewear. They create products with resources that are sustainable and have quality, based on growing trends and technological improvements. They make products their in-house brands and for some licensed brands as well. The company manages a diverse portfolio of both owned and licensed brands. Its owned brands include Carrera, Polaroid, Smith, and Safilo, while its licensed brands feature globally recognised names such as Dior, Hugo Boss, Kate Spade, Jimmy Choo, and Tommy Hilfiger. This balanced portfolio allows Safilo to cater to a wide range of market segments and consumer preferences across different price points. With a presence in over 100 countries, Safilo distributes its products through a combination of wholesale networks and its own retail stores. The company focuses heavily on innovation, using advanced materials and technologies to enhance product comfort and durability.
Headquarters: | Geneva, Switzerland |
Establishment: | 1945 |
Website: | https://www.alcon.com/ |
Alcon Vision LLC is an eyecare company that provides eyecare products to improve the vision of users, ultimately improving their lives. They provide products for defects such as glaucoma, refractive errors, cataracts, and retinal diseases. They manufacture and deliver eye solutions including cataract lenses, eye drops, cataract treatments, and LASIK using refractive technologies, vitreoretinal surgery, and other resources. Alcon Vision’s portfolio includes well-known brands such as DAILIES®, AIR OPTIX®, PRECISION1®, and SYSTANE® for dry eye relief. The company continuously invests in research and development to bring new solutions to market, enhancing comfort, clarity, and convenience for patients. Its surgical product line comprises intraocular lenses (IOLs), phacoemulsification systems, and diagnostic equipment, widely used by eye care professionals worldwide. Operating in over 140 countries, Alcon Vision maintains a strong presence in both developed and emerging markets, supporting millions of people with vision correction and surgical needs. The company is also committed to sustainability and corporate responsibility through initiatives that improve access to eye care in underserved communities.
Headquarters: | Milan, Italy |
Establishment: | 1913 |
Website: | https://www.pradagroup.com/en.html |
Prada S.p.A. is a luxury fashion company that manufactures travel accessories, glasses, shoes, leather handbags, and other fashion accessories. They have a network in about 70 countries with 635 stores including e-retailers, departmental stores, and commerce channels all around the world, enhancing their business. The brand is celebrated for its innovation, quality craftsmanship, and forward-thinking fashion aesthetics. Under the creative direction of Miuccia Prada, the company gained prominence for blending classic styles with contemporary influences. Prada owns several subsidiary brands, including Miu Miu, Church’s, and Car Shoe, which further strengthen its market position. With a strong global presence, Prada operates a network of boutiques in major cities across Europe, Asia, and the Americas. The company also invests in digital transformation, sustainability initiatives, and technological integration in fashion. Prada is listed on the Hong Kong Stock Exchange and continues to be a trendsetter in the luxury segment. Its commitment to creativity, heritage, and sustainability helps maintain its reputation as one of the most influential fashion houses in the world.
Headquarters: | California, United States |
Establishment: | 1975 |
Website: | https://www.oakley.com/en-us |
Oakley, Inc. specialises in the manufacture of sunglasses, sports equipment, shoes, backpacks, goggles, watches, optical frames, and various other products. They manufacture and supply premium quality goods and products that are safe and affordable for consumers. Oakley is especially known for its premium sunglasses, goggles, and optical frames used in sports, military, and lifestyle applications. They provide a variety of glasses for bikers, cyclists, skiers, tennis players, climbers, and hikers. Sunglasses made by them are suited for athletes as they are durable and strong. The brand has built a strong reputation through its commitment to research and development, holding over 800 patents for eyewear, materials, and performance gear. Oakley’s proprietary lens technologies, such as High Definition Optics® (HDO®) and Prizm™, offer superior visual clarity and protection, making the products a preferred choice for athletes and outdoor enthusiasts. Now a subsidiary of EssilorLuxottica, Oakley operates under one of the world’s largest eyewear conglomerates. Despite this, it maintains its distinct identity, combining performance, style, and innovation to cater to consumers seeking both functionality and fashion in their eyewear and gear.
Headquarters: | California, United States |
Establishment: | 1958 |
Website: | https://www.coopercos.com/ |
Cooper Companies Inc. is a medical device company that is also known for manufacturing soft contact lens that are made to eradicate vision challenges and provide comfort to users. CooperVision is a leading manufacturer of soft contact lenses, offering a broad range of daily and frequent replacement lenses for both astigmatism and presbyopia, while also focusing on myopia management solutions for children. CooperSurgical specialises in women’s health and fertility, providing advanced medical devices, fertility treatments, and surgical tools used by healthcare professionals worldwide. The company is known for its consistent investment in research and development, aiming to deliver innovative solutions to improve vision care and reproductive health. With operations in over 100 countries, The Cooper Companies has a strong global presence and a commitment to sustainability and corporate responsibility. The firm continuously expands its portfolio through strategic acquisitions and partnerships, strengthening its leadership in both vision care and women’s health markets. As of recent financial reports, The Cooper Companies maintains solid revenue growth and a focus on high-quality healthcare products that enhance patient outcomes.
Headquarters: | Linz, Austria |
Establishment: | 1964 |
Website: | https://www.silhouette-group.com/en/home |
Silhoutte International Schmeid AG is known for innovative eyewear of the top quality. It started as a small set up and now has grown into a global market in the rimless eyeglasses segment. With the help of top craftsmanship, it focuses on exceptional designs and quality, enhancing the look of a person without compromising on vision. With a strong focus on research and development, Silhouette incorporates cutting-edge technologies and sustainable practices into its production processes. All its products are designed and manufactured in Austria, ensuring high quality and control across every stage. The brand offers a wide range of optical and sunglass collections, including models tailored for athletes, professionals, and everyday users. Silhouette’s global presence spans over 100 countries, with its products available through exclusive optical retailers. The company is also known for collaborating with space agencies such as NASA, with astronauts wearing Silhouette glasses on space missions due to their ultra-lightweight design and functionality.
Headquarters: | Paris, France |
Establishment: | 1987 |
Website: | https://www.lvmh.com/en |
LMVH Group is a French multinational company that gets its inspiration from creativity and heritage to manufacture retail luxury goods and jewellery. The company was formed through the merger of Moët Hennessy and Louis Vuitton. The group operates across five key sectors: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewellery, and Selective Retailing. It owns an extensive portfolio of prestigious brands, including Louis Vuitton, Dior, Fendi, Bulgari, Moët & Chandon, Hennessy, Sephora, and TAG Heuer, among others. LVMH is recognised for its commitment to excellence, craftsmanship, and innovation while preserving the heritage of its Maisons. With a strong global presence, the group operates in over 70 countries and employs more than 190,000 people worldwide. They constantly strive to make sure that their products leave a positive impact on the environment and on the communities that purchase from them. They are involved in manufacturing and providing products for both men and women across a variety of product categories.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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