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Global AR Market is expected to grow at a CAGR of 41.5% during the forecast period from 2019-2025

02-21-2020 02:33 PM CET | IT, New Media & Software

Press release from: Fior Markets

Global AR Market 2019, Global AR Market Growth, Global AR Market Trends and Analysis, Global AR Market Forecast, Global AR Market

Global AR Market 2019, Global AR Market Growth, Global AR Market Trends and Analysis, Global AR Market Forecast, Global AR Market

As per the report published by Fior Markets, the global AR market is expected to grow from USD 5.25 Billion in 2017 to USD 84.46 Billion by 2025 at a CAGR of 41.5% during the forecast period from 2018-2025.Asia Pacific is dominating region because of the increase in R&D in APAC and the growing acceptance of newer technologies in the region are the drivers for the AR market.

AR Market by Offering (Hardware & Software), Device Type (HMD, HUD, Handheld Device), Technology, Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Prominent companies in the industry include are Sony, Oculus, Samsung Electronics, HTC, Google, PTC, Microsoft, Wikitude, DAQRI, Zugara, Blippar, Osterhout Design Group, Magic Leap, Upskill, Continental, Visteon, Eon Reality, Vuzix, MAXST,andamong others. Leaders are providingbetter opportunities and continuously focused on new product developments and venture capital investments to capture market share.

Offering segment is divided into segments such as hardware & software. The software segment is dominating the market and valued around USD 3.36 Billion. The increasing use of software by blending the virtual and the real world to transforming the digital data into real-world analogue views is propelling the growth. The technology segment includes marker-based augmented reality and markerless augmented reality. The markerless augmented reality segment is dominating the market with the highest share of 59.80% in 2017. In some instances, we just need to display 3D augmented reality models, which we can do without a marker, so we call it "markerless AR. Imagine an AR application that can place virtual furniture inside your living room. This allows you to try different combinations of objects, styles, and location. The device type segment is classified into HMD, HUD and Handheld Device. The HUD segment is dominating the market and valued around USD 2.60 Billion in 2017. Head-mounted displays are the best devices to boost the growth of the AR market. Augmented reality smart glasses are leading the augmented reality market for head-mounted displays with their high demand for commercial, automotive, industrial, and healthcare applications. The application segment includes enterprise, consumer, aerospace & defense, energy, commercial, healthcare and automotive. The consumer segment is dominating the market with the highest share of 28.50% in 2017. The augmented reality market has witnessed a high growth and leads the market owing to its use in apps. The AR gaming apps have seen widespread adoption in the last 2 years and are expected to be the major drivers for the growth of the augmented reality market.

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Preference of consumers over online shopping has increased which demands are in retail and E-commerce is a major factor driving the market. In addition, growing demand for AR devices in patient care management, and medical training and education further stimulates the demand for such systems. Rising interest of Tech Giants in the AR market is further propelling the growth of the market. However, Limited User Interface (UI) affecting navigation performance of AR applications may obstruct the growth of the market. Nevertheless, growth prospects in the enterprise industry with the rising trend of smart manufacturing may boost the market in forthcoming years

Customization of the Report:This report can be customized to meet the client's requirements. Please connect with our sales team (sales@fiormarkets.com), who will ensure that you get a report that suits your needs.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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