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Augmented Reality Market to Witness Robust Expansion by 2024
Microgrid Market
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AR is a highly niche technology and the vendors are filing patents for all their new advancements. This is restricting the knowledge transfer among industry participants, restraining the Augmented reality market growth. Furthermore, the technology is expensive to implement and thus remains inaccessible for small and medium businesses. The high capital that is required to procure devices to implement the technology reduces its adoption.
The hardware segment of the Augmented reality market is expected to grow rapidly over the forecast time span. Common applications, such as gaming and retail, use AR applications on tablets and smartphones, not requiring a dedicated hardware device such as HMDs or smart glasses. However, enterprise uses of the technology such as designing, manufacturing, and quality check in aerospace & defense, industrial, automotive, and medical are increasingly investing in hardware such as HMDs and smart glasses.
Smart glasses are expected to grow at a fast rate owing to increasing applications in retail, gaming & entertainment, aerospace & defense, and industrial applications, propelling the Augmented reality market growth. Companies are developing differentiated devices, such as voice-enabled smart glasses, to gain a competitive advantage. For instance, Vuzix is developing smart glasses with Amazon Alexa voice assistant. Amazon has developed a licensing program to allow third parties to implement Alexa in their products. This is expected to propel the Augmented reality market growth.
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Some of the key players in the Augmented reality market include Blippar, Magic Leap, Facebook, Inc., Google, Inc., DAQRI, Upskill, PTC, Apple, Inc., Qualcomm, Wikitude GmbH, Microsoft Corporation, Samsung Electronics Co., Ltd., HTC Corporation, and Marxent Labs LLC. The industry ecosystem consists of several players such as hardware providers, technology providers, application developers, platform providers, content developers, and system integrators. Companies are investing in implementing the technology in utility apps. For instance, Google, Inc. is working on translating the text on billboards and street signs through cameras smartphones.
Glimpse of Table of Content (ToC): -
Chapter 4 Augmented Reality Market, By Component
4.1 Global augmented reality headsets market share, by component, 2016 & 2024
4.2 Hardware
4.2.1 Augmented reality hardware market, 2014 - 2024
4.2.2 Augmented reality hardware market, by region, 2014 - 2024
4.2.3......... Head-mounted display
4.2.3.1 Head-mounted display market, 2014 - 2024
4.2.3.2 Head-mounted display market, by region, 2014 - 2024
4.2.4......... Head-up display
4.2.4.1 Head-up display market, 2014 - 2024
4.2.4.1 Head-up display market, by region, 2014 - 2024
4.2.5......... Smart glasses
4.2.5.1 Smart glasses market, 2014 - 2024
4.2.5.1 Smart glasses market, by region, 2014 - 2024
4.3 Software
4.3.1 Augmented reality software market, 2014 - 2024
4.3.2 Augmented reality software market, by region, 2014 - 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/augmented-reality-ar-market
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