Augmented Reality Market Insights: Top Vendors, Outlook, Drivers & Forecast To 2030
Market Scope
The global augmented reality market is fueled by the increasing adoption of AR in the healthcare sector. AR has been used in imparting education and training to surgeons on new techniques of surgery for new diseases. The technology can be used by relying on existing patient medical history to make rapid decisions. This has led to the emergence of new startups in the healthcare sector and the development of new techniques. The augmented Reality Market is projected to reach USD 461.25 billion growing at a CAGR of 41.50% by 2030.
Retail and education sectors are expected to be the biggest proponents of AR as the technology is being used to enlighten customers or provide a preview of products. This can lead to a breakthrough in immersive training and pave open new avenues in learning.
But concerns over sharing of private data without the consent of users as well as the possibility of malware infections can pose a challenge to the market.
Get a Free Sample: https://www.marketresearchfuture.com/sample_request/1143
Competitive Analysis
Google (US), Magic Leap (US), Marxent Labs (US), Microsoft (US), and Lenovo Systems (Hong Kong) are key players in the global augmented reality market.
Industry News
BuzzAR has received funding to the tune of USD 630,000 from Singapore’s Choco Up to expedite the development of AR solutions for retail and commerce firms.
COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected the augmented reality market owing to disruptions in the supply chain caused by lockdowns and trade embargoes. The dependence on a single source of components and raw materials is likely to dampen market prospects. But the inclination towards smart homes owing to the boom in economic growth in certain countries can widen prospects of the market.
Segmentation Analysis
Hardware Component Segment to Register Phenomenal Growth
The hardware segment is set to register a stellar growth rate during the forecast period due to adoption of hardware pertaining to AR. Adoption of AR glasses and gloves for manipulating applications through a platform can drive its demand significantly.
Consumer Electronics to be Leading Application
The consumer electronics application is set to capture a large share of the augmented reality market owing to affinity for games and entertainment applications utilizing AR. AR has been used in bringing virtual objects to the real world and made popular through Pokémon Go.
Regional Analysis
APAC to Capture Considerable Market Share by 2027
Asia-Pacific (APAC) is expected to capture considerable market share owing to applications of AR in the manufacturing sector in China and Japan. Investments in augmented reality by private investors to ensure training of employees in industries can bode well for the market. Implementation of AR for improving the quality of life of individuals with disabilities or imparting education through visual means are prime opportunities for the AR market to flourish in the region.
Browse Complete Report: https://www.marketresearchfuture.com/reports/augmented-reality-market-1143
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
- Авто, мото
- Кейтеринг
- Досуг, развлечения
- Животные
- Красота, здоровье
- Образование, репетиторы
- Спорт и тренеры
- Строительство и ремонт
- Товары и магазины
- Туризм и отдых
- Финансы и страхование
- Литература
- Музыка
- История
- Политика
- Религия
- Искусство
- Кино
- Театр
- Хорошее здоровье
- Аксессуары
- Бизнес
- Разное