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Augmented Reality In Travel And Tourism Market Opportunity Assessment, Future Outlook, Competitive Landscape, Industry Insights And Forecast To 2033
Augmented Reality In Travel And Tourism Market
The Business Research Company's Augmented Reality In Travel And Tourism Global Market Report 2024 identifies increasing demand for travel and tourism as the major driver for the Augmented Reality In Travel And Tourism Market's growth in the forecast period. Travel and tourism refer to the activities of people traveling to and visiting places for leisure, recreation, business, or other purposes. Augmented reality has created demand in the travel and tourism industries for smart tourism and enhanced travel experiences that make destinations more immersive, informative, and engaging.
The augmented reality in travel and tourism market size has grown exponentially in recent years. It will grow from $15.52 billion in 2023 to $21.44 billion in 2024 at a compound annual growth rate (CAGR) of 38.1%. The growth in the historic period can be attributed to enhanced user experience, promotion of local businesses, social media expansion, positive user feedback.
The augmented reality in travel and tourism market size is expected to see exponential growth in the next few years. It will grow to $78.14 billion in 2028 at a compound annual growth rate (CAGR) of 38.2%. The growth in the forecast period can be attributed to augmented travel booking, educational tourism, adventure and nature tourism, user-generated content sharing. Major trends in the forecast period include wearable ar devices, wayfinding and navigation solutions, contactless experiences, cultural storytelling.
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Major competitors in the Augmented Reality In Travel And Tourism Market are TeamViewer SE, Apple Inc., Google LLC, Delta Air Lines, Marriott International Inc., Booking.com, Expedia Group Inc., Hilton Worldwide Holdings Inc., TUI Group, Airbnb Inc., EasyJet PLC, Japan Airlines Co. Ltd., Holiday Inn, Accor S.A, InterContinental Hotels Group (IHG), Whitbread PLC, Virgin Atlantic Airways Limited, Air New Zealand Limited, TripAdvisor Inc., Trivago N.V., Argo Group International Holdings Ltd., Hamad International Airport, WayRay, Blippar Group Limited, SmartGuide s.r.o., Wikitude GmbH, Layar.
A key trend in the Augmented Reality In Travel And Tourism Market includes Innovation In Augmented Reality Travel And Tourism. Major companies operating in the augmented reality (AR) travel and tourism market are adopting new technologies, such as AR-based adventure apps, to sustain their position. AR-based adventure app is a mobile application that uses augmented reality technology to create an immersive and interactive user experience. For instance, in August 2021, Social Bee, a Germany-based mobile app service for augmented reality, launched the Social Bee Adventures app for augmented reality in travel and tourism. This innovative app uses technology to provide self-directed guided tours and offers augmented reality in the travel and tourism industries. This allows users to create and share their own AR experiences, such as tours, scavenger hunts and events. Furthermore, users can discover and buy experiences made by other users, which they can access whenever convenient. Additionally, creators can charge a fee or provide their experiences for free
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The Augmented Reality In Travel And Tourism Market is segmented -
By Component: Hardware, Software, Services
By Technology: Augmented Reality, Virtual Reality
By Application: Hospitality, In-Flight Entertainment, Travel Booking Services, Augmented Reality (AR) Gamification, Navigating
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Augmented Reality In Travel And Tourism Market.
The Business Research Company's "Global Augmented Reality In Travel And Tourism Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Augmented Reality In Travel And Tourism Market Include:
1. Executive Summary
2. Augmented Reality In Travel And Tourism Market Characteristics
3. Augmented Reality In Travel And Tourism Market Trends And Strategies
4. Augmented Reality In Travel And Tourism Market - Macro Economic Scenario
5. Global Augmented Reality In Travel And Tourism Market Size and Growth
……
32. Global Augmented Reality In Travel And Tourism Market Competitive Benchmarking
33. Global Augmented Reality In Travel And Tourism Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Augmented Reality In Travel And Tourism Market
35. Augmented Reality In Travel And Tourism Market Future Outlook and Potential Analysis
36. Appendix
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