The Augmented Reality Market report shows the competitive situation among the top manufacturers, with sales, revenue and market share and the market by type and application. The report deeply described by experts team and made full report on Augmented Reality Market with Forecasts 2024.
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The Global Augmented Reality Market size is estimated to grow from USD 10.7 Billion in 2019 and projected to reach USD 72.7 Billion by 2024; it is expected to grow at a CAGR of 46.6% from 2019 to 2024. This report spread across 191 Pages, Profiling 12 Companies and Supported with 102 Tables and 46 figures are now available in this research.
Top Companies profiled in the Augmented Reality Market:
- Google Inc. (US)
- PTC Inc. (US)
- Microsoft Corporation (US)
- Seiko Epson (Japan)
- Lenovo (China)
- Wikitude GmbH (Austria)
- Vuzix (US)
- Daqri Llc (US)
- Magic Leap Inc. (US)
- Zugara Inc. (US)
- Blippar (UK)
- Upskill (US)
- Maxst (South Korea)
Increasing penetration of AR software solutions and their compatibility with existing hardware devices is expected to help the growth of the market for software, thereby driving the augmented reality market during the forecast period. AR technology is anticipated to continue its growth in the software segment through the emergence of various nestling projects that will evolve into large-scale productions.
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The consumer application held the largest share in the AR market in 2018 and is expected to dominate the market during the forecast period. The consumer sector includes gaming and entertainment applications in which AR is used for creating 3D visual objects in the real world. The high growth of the gaming & entertainment sector boosts the growth of the AR market for consumer applications.
The market in Asia Pacific includes China, Japan, India, South Korea, and Rest of APAC. Being an emerging economy, Asia Pacific is witnessing major changes in the adoption of new technologies and technological advancements. Due to the presence of most of the display panel manufacturers in the region such as Samsung, LG Display, BOE Technology, AU Optronics, and Japan Display, APAC witnesses increased adoption of the latest technologies.
Competitive Landscape of Augmented Reality Market:
2 Competitive Scenario
2.1 Product Launches & Developments
2.3 Agreements & Collaborations
2.4 Acquisitions and Expansions
3 Competitive Leadership Mapping, 2018
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.4 Emerging Companies
4 Strength of Product Portfolio
5 Business Strategy Excellence