Fashion accessory

Global Smart Eyewear Market Size Expected to Reach $10.6 Billion By 2024

Retrieved on: 
Wednesday, December 13, 2023

PALM BEACH, Fla., Dec. 13, 2023 /PRNewswire/ -- Smart glasses are considered as wearable computer glasses that add information to what the wearer sees such as navigation, health and fitness, designing, virtual reality (VR) and augmented reality (AR), and much more. Smart glasses are not yet a mainstream consumer good but are mainly used in entertainment industry, military and businesses. Soon the global smart glass market will emerge as important and trendy as the regular eyewear. Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period. Another report from Grand View Research added that the global smart glasses market size was valued at USD 1,232 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2023 to 2030. The demand for smart glasses is increasing due to their ability to perform complex computer powered tasks. Moreover, the rising trend of wearable technology coupled with increasing technological advancements is expected to fuel the growth of smart glasses market further… the market for smart glasses is projected to benefit from new developments in 5G technologies and a rising shift toward digitization in the forecast period. The report said: "The ability of platforms to work with conservational platforms such as Google Assistant and Alexa are allowing users hands free operability. Apple Inc. is working towards its own smart glasses which will be compatible with iOS operating system and will incorporate siri to offer hands free operability experience to its users… The increased technological innovations is expected to fuel the market growth over the forecast period." Active Tech Companies active today in markets include: Innovative Eyewear, Inc. (NASDAQ: LUCY), GoPro, Inc. (NASDAQ: GPRO), Vuzix Corporation (NASDAQ: VUZI), NVIDIA Corporation (NASDAQ: NVDA), Snap Inc. (NYSE: SNAP).

Key Points: 
  • Soon the global smart glass market will emerge as important and trendy as the regular eyewear.
  • Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period.
  • The audio smart glasses segment registered for the largest revenue share of around 29% of the market in 2022.
  • Innovative Eyewear, Inc. (NASDAQ: LUCY): Innovative Eyewear, Inc. Launches Nautica Smart Eyewear Under Multi-Year, Global Licensing Agreement with Authentic Brands Group - Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica Smart Eyewear collection.

Global Smart Eyewear Market Size Expected to Reach $10.6 Billion By 2024

Retrieved on: 
Wednesday, December 13, 2023

PALM BEACH, Fla., Dec. 13, 2023 /PRNewswire/ -- Smart glasses are considered as wearable computer glasses that add information to what the wearer sees such as navigation, health and fitness, designing, virtual reality (VR) and augmented reality (AR), and much more. Smart glasses are not yet a mainstream consumer good but are mainly used in entertainment industry, military and businesses. Soon the global smart glass market will emerge as important and trendy as the regular eyewear. Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period. Another report from Grand View Research added that the global smart glasses market size was valued at USD 1,232 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.1% from 2023 to 2030. The demand for smart glasses is increasing due to their ability to perform complex computer powered tasks. Moreover, the rising trend of wearable technology coupled with increasing technological advancements is expected to fuel the growth of smart glasses market further… the market for smart glasses is projected to benefit from new developments in 5G technologies and a rising shift toward digitization in the forecast period. The report said: "The ability of platforms to work with conservational platforms such as Google Assistant and Alexa are allowing users hands free operability. Apple Inc. is working towards its own smart glasses which will be compatible with iOS operating system and will incorporate siri to offer hands free operability experience to its users… The increased technological innovations is expected to fuel the market growth over the forecast period." Active Tech Companies active today in markets include: Innovative Eyewear, Inc. (NASDAQ: LUCY), GoPro, Inc. (NASDAQ: GPRO), Vuzix Corporation (NASDAQ: VUZI), NVIDIA Corporation (NASDAQ: NVDA), Snap Inc. (NYSE: SNAP).

Key Points: 
  • Soon the global smart glass market will emerge as important and trendy as the regular eyewear.
  • Goldstein Research analyst forecasts the smart glasses market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period.
  • The audio smart glasses segment registered for the largest revenue share of around 29% of the market in 2022.
  • Innovative Eyewear, Inc. (NASDAQ: LUCY): Innovative Eyewear, Inc. Launches Nautica Smart Eyewear Under Multi-Year, Global Licensing Agreement with Authentic Brands Group - Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica Smart Eyewear collection.

Innovative Eyewear, Inc. Launches Nautica Smart Eyewear Under Multi-Year, Global Licensing Agreement with Authentic Brands Group

Retrieved on: 
Monday, December 11, 2023

MIAMI, Dec. 11, 2023 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica Smart Eyewear collection.

Key Points: 
  • MIAMI, Dec. 11, 2023 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear, is pleased to announce through an agreement with Authentic Brands Group (Authentic), the launch of the Nautica Smart Eyewear collection.
  • We are changing that forever by producing smart eyewear that is not only a functional Bluetooth accessory, but a fun and trendy fashion statement," said Harrison Gross, CEO of Innovative Eyewear.
  • Nautica smart eyewear will be made in eight initial sunglass styles, with two of the styles also available with a blue light-blocking lens for indoor use.
  • Partnering with Innovative Eyewear to launch Nautica Smart Eyewear allows us to take that commitment to the next level.

Innovative Eyewear, Inc. Launches Upgraded Charging Dock for ChatGPT-enabled Smart Eyewear

Retrieved on: 
Thursday, November 16, 2023

MIAMI, Nov. 16, 2023 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce a new edition of the Company's patent-pending Lucyd Dock product.

Key Points: 
  • MIAMI, Nov. 16, 2023 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (NASDAQ: LUCY; LUCYW), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, is pleased to announce a new edition of the Company's patent-pending Lucyd Dock product.
  • The Lucyd Dock is a first-of-its-kind charging accessory for smart eyewear.
  • Users can simply drop Lucyd Lyte eyewear on the Dock to charge, just as they would drop traditional glasses on the nightstand or desk before bed.
  • Harrison Gross, CEO of Innovative Eyewear, said "We are closer than ever to our goal of the world's most user-friendly smartglasses with the launch of the Lucyd Dock 2.0.

Chief Constable West Mercia Police and Chief Constable Warwickshire Police

Retrieved on: 
Friday, December 15, 2023

Status: COMPLETE.

Key Points: 

Status: COMPLETE.
On 21 June 2021 West Mercia Police and Warwickshire Police erroneously decommissioned a server containing a Warwickshire Police application. This application contained Warwickshire Police data from between November 2001 and early 2014. The data which has been lost on this application is unrecoverable.

GRS (Roadstone) Limited

Retrieved on: 
Friday, December 15, 2023

Status: COMPLETE.

Key Points: 
  • Status: COMPLETE.
  • The Information Commissioner (the Commissioner) issues a reprimand to GRS (Roadstone) Limited in respect of infringements of Article 32 (1) (b) and Article 32 (1) (d) of the UK GDPR.
  • The organisation did not have appropriate security measures in place, which resulted in an unauthorised Threat Actor being able to exfiltrate the individual personal data of current and former employees.

Police Service of Northern Ireland (PSNI)

Retrieved on: 
Sunday, November 5, 2023

Status: Complete

Key Points: 
  • Status: Complete
    Police Service of Northern Ireland (PSNI) failed to have appropriate measures in place to prevent unlawful sharing of personal data including criminal data with the United States Department of Homeland Security (DHS)
    The ICO exists to empower you through information.
  • Status: Complete
    Police Service of Northern Ireland (PSNI) failed to have appropriate measures in place to prevent unlawful sharing of personal data including criminal data with the United States Department of Homeland Security (DHS)

University Hospital of Derby and Burton NHS Trust (UHDB)

Retrieved on: 
Sunday, November 5, 2023

Status: Complete

Key Points: 

Status: Complete
UHDB failed to have adequate processes in place, especially when processing special category data, which resulted in referrals for out-patients’ appointments not being processed in a timely manner. In some cases, this led to delays of up to two years before medical treatment was arranged.

Optionis Group Limited

Retrieved on: 
Tuesday, October 24, 2023

Status: Complete

Key Points: 

Status: Complete
The data controller suffered a ransomware attack, which resulted in the exfiltration of personal data. A reprimand was issued in respect of specific infringements of the UK GDPR, which include lack of multi-factor authentication, an inadequate account lockout policy, and no clear Bring Your Own Device policy.

Gap Personnel Holdings Limited

Retrieved on: 
Tuesday, October 24, 2023

Status: Complete

Key Points: 
  • Status: Complete
    The Information Commissioner (the Commissioner) issues a reprimand to Gap Personnel Holdings Limited in respect of infringements of Article 32 (1), Article 32 (1) (b) and Article 32 (1) (d) of the UK GDPR.
  • The organisation did not have appropriate security measures in place, which resulted in an unauthorised threat actor being able to access individuals personal data twice within a 12-month period.