Augmented Reality Market 2022 Value with Status and Global Analysis - Google LLC (ALPHABET INC.), Seiko Epson Corporation, Vuzix Corporation

The Augmented Reality Market outlook looks extremely promising is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain, future roadmaps and its distributor analysis. The report provides a comprehensive look at the regions such as North America, Europe, APAC, and ROW of the Augmented Reality Market.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Global Augmented Reality Market: Google LLC (ALPHABET INC.), Seiko Epson Corporation, Vuzix Corporation, Realwear Inc.??, Dynabook Europe GmbH?, Daqri, Optinvent, Kopin Corporation?, Lenovo Group Limited?, Fujitsu Limited

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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 (2022 - 2027) .

Industry News:

- 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.

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.

Key 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.

- Most of the companies, like Daqri, Meta, ODG, Vuzix, Optivent, etc., made AR headsets with a focus on enterprise applications for their devices. However, the Social media giant, Snapchat, which introduced AR to mobile phones through its social media platform, also launched its first version of AR glasses, V1, in 2016. However, it could only sell about 150,000 pairs and registered a USD 40 million write-off on the hardware business after ordering 800,00 pairs from a Chinese supplier.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/02285848041/augmented-reality-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?mode=206

Important Features of the report:

Detailed analysis of the Global Augmented Reality Market
Fluctuating market dynamics of the industry
Detailed market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of the Global Augmented Reality Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective toward Global Augmented Reality Market performance

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