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UK Augmented Reality Market Trends, Size, Competitive Analysis and Forecast 2019-2025

08-31-2021 11:20 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

UK augmented reality market is estimated to grow significantly at a CAGR of 36.5% during the forecast period. AR is one of the key emerging technologies in the market as it is developing at a rapid pace. The technological developments make AR applications more accessible to consumers as well as businesses. Various factors such as highly developed graphics, less bulky and/or expensive hardware, new software platforms and tools for faster and easier AR application development makes AR technology more usable and is expected to drive the growth of the UK augmented reality market during the forecast period.

The market is segmented on the basis of device type, technology, components, and application. Based on the device type market is sub-segmented into the head-mount, head-up, handheld. Based on technology the market is sub-segmented into monitor based technology and near eye based technology. Based on offering, the market is bifurcated into software and hardware. Based on the application, the market is segmented into individual, consumer, and others (automotive, defence, tourism, healthcare, apparels & Accessories).

To Request a Sample of our Report on UK Augmented Reality Market: https://www.omrglobal.com/request-sample/uk-augmented-reality-market

The well-developed ICT infrastructure in the region is further supporting the growth of the AR market. The growth of the AR market in countries depends on the funding and investment by the companies for developing solutions based on AR. A Soluis Group-led consortium got $1.19million of funding in August 2017 from Innovate UK to develop an Augmented Worker System (AWE), to promote the use of AR and VR for the construction industry. This system enables the intelligent design and construction along with maintenance and whole-life value of buildings, which support the construction and infrastructure growth.

Furthermore, AWE can realize significant value from Building Information Modeling (BIM) as well as reduce costs up to 25%, waste reduction up to 25%, and increased productivity of 30% for projects. Therefore, the increased use of the increasing use of augmented reality in construction is anticipated to offer significant opportunities for the growth of the AR market in the country.

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A full Report of UK Augmented Reality Market is Available at: https://www.omrglobal.com/industry-reports/uk-augmented-reality-market

UK Augmented Reality Market Segmentation

By Device Type

· Head-Mounted

· Head-Up

· Handheld

By Technology

· Monitor Based Technology

· Near Eye Based Technology

By Component

· Hardware

· Software

By Application

· Individual

· Commercials

· Others (Automotive, Defense, Tourism, Healthcare, Apparels & Accessories)

Company Profiles

· Apple Inc.

· Blippar Ltd.

· Google, LLC

· Thales Group

· PTC Inc.

· Intellectsoft LLC

· Microsoft Corp.

· Qualcomm Technologies Inc.

· Vuzix Corp.

· Catchoom Technologies, S.L.

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1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/uk-augmented-reality-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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