Augmented Reality Industry Size to See Booming Growth 2021-2031 | Intel Corporation, Lenovo, Magic Leap
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The Global Augmented Reality Industry was valued at US$ 9.8 billion in 2019 and is estimated to grow at a CAGR of 22% through 2030. Rising penetration of smartphones, proliferation of smartphone based augmented reality solutions, and increased adoption across commercial and industrial applications are the key forces driving the growth of the global augmented reality industry.
The competitive scenario provides an outlook analysis of the various business growth strategies adopted by the industry participants. The competition intelligence represents relevant news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the industry place and competitor's strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Augmented Reality Industry, including Apple Inc., blippar, Continental AG, DAQRI, Epson, Google LLC, Intel Corporation, Lenovo, Magic Leap, Inc., MAXST Co., Ltd., Microsoft, PTC, Samsung, Spark AR, Upskill, Vuzix, Wikitude GmbH, and Zugara.
The report helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2017 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2021 to 2031 are considered the forecast period.
By Device Type:
Head-up Displays (HUD)
By End-use Industry:
Aerospace & Defense
Energy & Utility
Geographic Segment Covered in the Report:
Middle East & Africa
Qualitative analysis includes industry dynamics, PESTLE analysis and trends also the competitive landscape in terms of domains, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the favorable fit for the vendors to implement successful merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
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industry Segment Share Analysis
The share analysis offers the analysis of vendors considering their contribution to the overall industry. It provides the idea of its revenue generation into the overall domain compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing industry share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the industry characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Industry Penetration: Provides comprehensive information on the industry offered by the key players
2. Industry Development: Provides in-depth information about lucrative emerging industries and analyze penetration across mature segments of the domains
3. Competitive Assessment & Intelligence: Provides an exhaustive assessment of industry shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
4. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the industry size and forecast of the Global Augmented Reality Industry?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Augmented Reality Industry during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Augmented Reality Industry?
4. How is the competition intensity in the Global Augmented Reality Industry?
5. What are the technology trends and regulatory frameworks in the Global Augmented Reality Industry?
6. What is the industry share of the leading vendors in the Global Augmented Reality Industry?
7. What modes and strategic moves are considered suitable for entering the Global Augmented Reality Industry?
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