Augmented Reality Market 2022 Global Insights and Business Scenario – Google LLC (ALPHABET INC.), Seiko Epson Corporation

Latest research on Augmented Reality Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Augmented Reality market. This report included a special section on the Impact of COVID19. Also, Augmented Reality Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Augmented Reality industry.

The global augmented reality market was valued at USD 1.98 billion in 2020 and is expected to register a CAGR of 151.93% over the forecast period (2021 - 2026) .

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The Augmented Reality market is highly competitive and consists of a number of major players. Top Companies like Google LLC (ALPHABET INC.), Seiko Epson Corporation, Vuzix Corporation, Realwear Inc., Dynabook Europe GmbH?, Daqri, Optinvent, Kopin Corporation?, Lenovo Group Limited?, Fujitsu Limited

Industry News And Developments:

- March 2020 -- RealWear Inc announced the product enhancement with the integration of Microsoft Teams for RealWear’s voice-controlled Android HMT-1 headsets. By leveraging this integration on headsets, the industrial worker can use both hands for performing complex procedures while remotely collaborating with peers on the subject matters via voice

- June 2019 -- Seiko Epson Corporation released Moverio Assist, a new software tool that utilizes existing smart glasses from the company to provide a quick and easy way to deploy remote assistance for teams in the enterprise space, small startups, and regular consumers as well.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Augmented Reality market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Augmented Reality Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- While AR is still over a decade away from achieving its full market potential, technological advancements in the space industry have accelerated the market studied over the past two years. The increasing availability of content and the launch of developer tools, such as ARKit, drive this segment's growth. Also, the increasing adoption and availability of cloud have been major drivers for the AR market. It provides the platform and infrastructure to address the scalability limitation of on-premise AR experiences.?

- During the forecast period, it is expected that around 800 million smartphones will be equipped with AR supported hardware, processing units, graphics processing units (GPUs), digital signal processors (DSPs), and neural chips to power them. Dedicated AR support within a standard OS with lower costs of developing AR apps is expected to augment the market studied in the near future.

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Key Market Trends

Hardware to Exhibit Higher Growth

- One of the outstanding features of AR technology is the type of hardware used as AR can be achieved without any external devices. In the hardware perspective, heads-up displays with early forms of artificial intelligence (AI) have compelled organizations to experiment with tools that tap into augmented reality (AR) possibilities. By overlaying digital information and objects on top of physical environments, AR has the potential to take consumer interactions to the next level.

North America to Register Significant Growth

- The North American AR market is expected to grow significantly over the forecast period, owing to the presence of a large number of vendors that are also making huge investments in market innovation, coupled with the dominance of the United States in the global software market.?

- Globally, the United States is expected to be one of the highly innovative AR markets. Most of the companies advancing in this technology are based in the United States. High technology exposure and ease of availability of smart devices have created a strong AR market in the region.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Augmented Reality Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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