+80% CAGR Projection for Augmented Reality Market By 2023 includes Technology, Innovation, Growth Factors, Type, Application, and Top Key Player like Google, Facebook, Microsoft, Samsung Electronics, Qualcomm, Magic Leap, Sony

Augmented reality refers to indirect view of physical environment whose elements are augmented with inputs such as sound, video or graphics. Augmented reality is responsible for transforming the world of education and healthcare with its various applications. Increasing penetration of technological advancements in retail, automotive, consumer electronics is driving the growth of augmented reality market.

Moreover, the deployment of next-generation 5G networks featuring high reliability and high bandwidth is expected to play a crucial role in the growth of the virtual and augmented reality market. Live streaming, social video viewing and tourism will accelerate the growth of the enhanced virtual reality market worldwide.

“Augmented Reality Market size was over USD 570 million in 2015 with 80.8% CAGR estimation from 2016 to 2024.”

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The hardware sub-segment is expected to take up a significant portion of the augmented reality market by component as the technology spreads throughout the application. One of the main factors driving the growth of the Augmented Reality market is the high adoption rate of smartphones. The main growth engine for the augmented reality market is the increase in adoption of digital media and the increase in demand for 3D visualization in the medical field. The growing demand for smart devices and the growing popularity of e-commerce are another key driver of growth in the global augmented reality market. We are also seeing increased market awareness of customer transaction tracking, sales records and billing calculations.

The global augmented reality market is divided into components, device types, technologies, and verticals. Based on this component, the market is divided into hardware and software. The hardware segment is categorized as 3D cameras, semiconductor components, sensors and displays. Software segments are categorized as software development kits and cloud-based software. Depending on the device type, the market is divided into head-mounted displays, head-up displays, and handheld devices. Based on technology, markets are grouped by marker base and markers. Vertical-based markets, on the other hand, fall into the consumer electronics, commercial, aerospace and defense, medical and other segments.

Top Companies Covered In This Research are:
Qualcomm Technologies, Microsoft Corporation, Blipper Inc, Infinity Augmented Reality, Google, DAQRI, Samsung Electronics Corporation Ltd, Catchoom Technologies, Magic Leap, Sony Corporation, Zugara, Osterhout Design Group, METAIO’s SDK, Facebook, and Total Immersion.

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Regional Outlook:

North America remains the number one global market share followed by Europe and Asia Pacific. The United States and Canada are dominating the North American market with technological improvements and increased popularity of regional augmented reality devices. The region also has a well-established infrastructure that allows you to implement cutting-edge technologies faster.

Table of Contents
Global Augmented Reality Market Research Report.
Chapter 1 Augmented Reality Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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