Augmented Reality Market Projected to Surpass US$ 70.01 Billion by 2023 | CAGR: 51.24% | Global Key Players – Google, Microsoft, Facebook, Samsung, Apple, Qualcomm Vuforia, Total Immersion, Sphero, Sony

Marketprognosis.com Publish a New Market Research Report On “Global Augmented Reality Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Augmented Reality Market:

The Global Augmented Reality Market was valued at USD 5.85 Billion in 2017 and is projected to reach a value of USD 70.01 Billion by 2023, registering a CAGR of 51.24%, during 2018-2023 (the forecast period).

The scope of this report is limited to the solutions that are offered by the major market players, including providers of hardware and software. The technology segment discussed in the report is limited to head-mounted display, heads-up display, virtual retinal display, and spatial augmented reality systems. While the regions considered in the scope of the report include North America, Europe, Asia-Pacific, and Rest of the World. Also, the study emphasizes on various attack points in augmented reality technological innovations, new developments in the usage, and augmented reality investments.

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Augmented reality is the future of mobile devices. It will allow consumers to experience a new dimension, based on user preferences. About 22.8 million AR glasses are expected to be shipped by 2020. The user base for AR technologies is also expected to grow beyond 1 billion by 2020. Augmented Reality is likely to present a completely new way to engage and expand the abilities of retailers. The possibilities of augmented reality are endless, especially when combined with the ever-evolving wireless technology, which enables the integration of mobile devices and home appliances, in order to provide an enhanced connected experience for the end users. Huge potential opportunities in biotechnology and healthcare are expected to drive the growth of the augmented reality market over the forecast period.

With the proliferating social media culture, the market for augmented reality is expected to witness a robust growth over the next few years. This growth can be attributed to the fact that major players in the social media market are collaborating with leading tech companies, to provide an unmatched physical experience for consumers and essentially tapping a potentially untapped market. Combining the capabilities of GPS, augmented reality and highly focused cameras are set to transform the gaming experience for smart device owners, which will propel the growth of the market in the commercial and retail spaces.

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The United States is expected to be one of the fastest growing market in the world for AR in the near future. Most of the companies advancing in this technology are based in the United States. About 64% of the consumers from the country believe in the positive changes by the adoption of AR in workplace. Leading players, like Microsoft and Magic Leap, are actively working on this technology, using the United States as their base. This factor is likely to influence the growth of the technology in the country over the forecast period. Also, the United States is one of the most technologically advanced countries in the world. High technology exposure and ease of availability of smart devices have created a strong market in the region. Microsoft AR product, Hololens, was first released in the United States and Canada, and has received positive response from the consumers in the country.

Major Key Players:

1 Google Inc.

2 Microsoft Corporation

3 Facebook Inc

4 Samsung Co Ltd.

5 Apple Inc

6 Qualcomm Vuforia

7 Total Immersion

8 Sphero Inc

9 Sony Corporation and More………………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Augmented Reality Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Dynamics

5 Technology Snapshot

6 Gllobal Augmented Reality Market Segmentation And Forecast

7 Competitive Intelligence - Key Vendor Profiles

8 Investment Analysis

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This release was published on openPR.