Global Augmented reality market to Generate a Revenue of $ 97.76 Billion by 2028, Growing at a CAGR of 48.6% from 2021-2028

Posted on Jun 23 2022 4:57 AM

"Companies in the Augmented reality market are Google LLC (Alphabet, Inc.) (California, United States),Microsoft Corporation (Washington, United States),Apple, Inc. (California, United States),Samsung Electronics Co. Ltd. (Suwon-si, South Korea),Upskills.io (Virginia, United States),Vuzix Corporation (Rochester, United States),Facebook, Inc. (California, United States),PTC, Inc. (Massachusetts, United States),Qualcomm Technologies, Inc. (California, United States),Sixense Entertainment Inc. (California, United States),Magic Leap, Inc. (Florida, United States),RealWear, Inc. (Washington, United States),Daqri LLC (California, USA)"

The Global “Augmented reality market Size ” 2022 research report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Augmented reality market report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analysed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

Worldwide Augmented Reality Market size stood at USD 4.16 Billion in 2020 and is expected to reach USD 97.76 Billion by 2028, register a revenue CAGR of 48.6% during the forecast period.

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Driving Factor:

High Adoption of AR in the Medical Industry to Propel Market

The growing implementation of AR platforms in the healthcare industry will significantly impact the global augmented reality market growth during the forecast period. AR offers interactive and engaging medical learning experiences for patients and doctors. For instance, in 2017, LV Prasad Eye Institute partnered with Microsoft HoloLens to develop a learning app Holo Eye Anatomy. The app aids medical students in understanding eye anatomy with a 3D effect using Microsoft’s ARHoloLens. Furthermore, the acceptance of AR among prominent companies for more personalized user experience can subsequently influence the market's growth. As per the Virgin Holiday study 2018, the company’s AR-powered emails campaign witnessed a 75% and 40% increase in click-through ratio and email rates, respectively. However, the growing concerns regarding the excessive use of AR can hamper the growth of the market.

Learning from the impacts of COVID-19

COVID-19 brought fast-moving and unexpected impacts for which many existing plans and teams were unprepared. But by learning the right lessons from the pandemic and building resilience for the next crisis, businesses have an opportunity to turn the COVID-19 disruption to their advantage

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Companies involved in the global Augmented reality market research report are:

  • Google LLC (Alphabet, Inc.) (California, United States)
  • Microsoft Corporation (Washington, United States)
  • Apple, Inc. (California, United States)
  • Samsung Electronics Co. Ltd. (Suwon-si, South Korea)
  • Upskills.io (Virginia, United States)
  • Vuzix Corporation (Rochester, United States)
  • Facebook, Inc. (California, United States)
  • PTC, Inc. (Massachusetts, United States)
  • Qualcomm Technologies, Inc. (California, United States)
  • Sixense Entertainment Inc. (California, United States)
  • Magic Leap, Inc. (Florida, United States)
  • RealWear, Inc. (Washington, United States)
  • Daqri LLC (California, USA)

Augmented reality market Forecast:

  • Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
  • Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.

Influencing Factors:

  • Market Environment: Government Policies, Technological Changes, Market Risks.
  • Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.

Augmented reality market Historic Data:

  • Industry Trends: Global Revenue, Status, and Outlook.
  • Market Segment: By Types, By Applications, By Regions/ Geography.
  • Competitive Landscape: By Manufacturers, Development Trends.
  • Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
  • Sales Revenue: Market Share, Growth Rate, Current Market Analysis.

Geographic Segment Covered in the Report:

The Augmented reality market report offer insights and statistics about the market area which is further also divided into sub-regions and countries. For the purpose of this study, the report has been segmented into following regions and countries-

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

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Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Value Chain
    • Key Mergers, Acquisitions, Partnerships, etc.
    • Covid-19 Impact on the Market

TOC Continued...!

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