Augmented Reality Market Size, Share, Growth, and Forecast Report 2030

The global augmented reality market is expected to grow at a 29% CAGR between 2021 and 2028, from USD 17.14 billion in 2020 to USD 128 billion in 2028.

Augmented reality is used in a variety of industries, including manufacturing, healthcare, and education. The increased usage corresponds to the introduction of new AR devices.

Over the forecast period, providing end consumers with a unique and interactive experience is expected to drive market growth. Businesses are putting in a lot of effort to create new strategies for capitalising on the capabilities of augmented reality (AR) technology. Smartphones and smart glasses are gaining in popularity.

Read Related: 

https://www.zionmarketresearch.com/news/global-augmented-reality-ar-market

Growth Factors

As wearable technology, GPS, and augmented reality become more intertwined, demand for augmented reality services is expected to rise. The augmented reality market is expanding as people use their smartphones and tablets more frequently. The augmented reality industry's growth may be hampered by user interface issues. It also shows how technological inefficiency in the study of various physical challenges has impacted the augmented reality industry.

Segment Analysis Preview

The augmented reality market is divided into four segments: display, component, region, and application. This technological breakthrough combines hardware and software (semiconductors, displays, and sensors). In the coming years, the hardware industry is expected to grow rapidly.

Regional Analysis Preview

 With China quickly becoming the world's largest e-commerce market, e-commerce is increasingly becoming a top priority for APAC companies. The growing commercial demand for AR devices and software will contribute to the growth of the APAC AR industry. Expanding investment in countries such as Japan, India, and China, as well as growing consumer and commercial sectors, will propel the APAC AR industry forward. Matka Satta.

Key Market Players Competitive Landscape 

Some of the key players in the Augmented Reality market are Magic Leap, Immersion, Apple, Daqri LLC, Sony, Blippar, Microsoft, Wikitude, Google, PTC, CyberGlove Systems Inc., Infinity Augmented Reality, Eon Reality, Inc., ODG, Samsung Electronics among others. These players are all set to place the augmented reality market to new heights. The global Augmented Reality market is segmented as follows: 

 By Component

 Hardware (Sensor, Semiconductor, and Display)

 Software

 By Display

 Head-mounted display 

 Head-up display

 Handheld display

 Spatial display

 By Application

 Aerospace Defense

 Industrial

 Consumer

 Commercial

E-Commerce

 Retails

 By Region

 North America

 The U.S.

 Canada

 Europe

 France

 The UK

 Spain

 Germany

Italy

 Rest of Europe

  Asia Pacific

China

 Japan

 India

 South Korea

 Southeast Asia

 Rest of Asia Pacific

 Latin America

 Brazil

 Mexico

 Rest of Latin America

 Middle East Africa

 GCC

 South Africa

 Rest of Middle East Africa

 

Contact US

 Zion Market Research

 US OFFICE NO +1 (302) 444-0166

 US/CAN TOLL-FREE +1 (855) 465-4651

 Email: [email protected]

 

Read Also:

https://bnewsnw.com/2023/03/02/global-ammonium-nitrate-market-size-share-growth-and-forecast-report-2028/

https://pashudhanjsnk.org/pet-insurance-market-size-share-and-growth-and-forecast-report-2030/

https://siit.co/guestposts/global-food-waste-management-market-size-share-growth-report-2030/