Augmented Reality Market share forecast to grow at over 80.8% CAGR from 2016 to 2024 - PowerPoint PPT Presentation

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Augmented Reality Market share forecast to grow at over 80.8% CAGR from 2016 to 2024

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More Information @ Augmented Reality Market size likely to grow at 80.8% CAGR from 2016 to 2024; impelled by rising demand in medical and automotive industry.Increasing adoption across the e-commerce and retail space will spur the global augmented reality market demand over the forecast timeframe. The technology offers retailers the opportunity to enhance the overall shopping experience by bringing an image, product label or shopping window to life and greatly improves the degree of customer interaction with the products. Retail brands are gradually turning to AR platforms to increase customer satisfaction, driving the augmented reality market size. For instance, Wayfair introduced AR technology that allow users to place full-scale 3D virtual models of products in settings. It helps users select images of décor or furniture from product catalogs and uses smartphones to position the objects in their room walls, ceiling, or floor. – PowerPoint PPT presentation

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Title: Augmented Reality Market share forecast to grow at over 80.8% CAGR from 2016 to 2024


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Augmented Reality Market share forecast to grow
at over 80.8 CAGR from 2016 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Augmented Reality Market
  • Commercialization of devices such as HMDs and
    smart glasses by companies including Microsoft
    and Sony will fuel augmented reality market
    growth. Increasing enterprise focus to improve
    the quality of processors and sensors deployed in
    AR devices is also set to positively impact
    revenue.
  • Software segment of augmented reality market will
    benefit from the escalating demand for software
    apps for various applications such as gaming,
    entertainment, and retail sectors.
  • Head-mounted displays will account for over 50
    of the augmented reality market share by 2024,
    mainly due to the rising demand in various
    applications such as medicine, military,
    scientific visualization, education,
    manufacturing, training, navigation, and
    entertainment. In addition, factors such as
    enhanced user-experience, improved content
    connectivity and enhanced Field of View (FOV) are
    forecast to contribute to the growing augmented
    reality market size.

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Continued...
  • Automotive applications for augmented reality
    market are expected to grow at over 80 CAGR from
    2016 to 2024 owing to the increasing technology
    implementation in vehicles. Volkswagen uses
    spatial AR to project data on vehicle design
    models and analyze components, which saves time
    and cost.
  • China augmented reality market is anticipated to
    observe substantial growth over the future due to
    increasing investments in the manufacturing
    operations to develop advanced devices such as
    smart glasses. Rising penetration of mobile
    augmented reality market is expected to
    contribute to the overall growth. A significant
    number of AR apps are making inroads in the
    regional industry, creating a huge demand for
    advanced software.
  • Companies accounting for augmented reality market
    share include Blippar, Magic Leap, Microsoft,
    Sony, Google, Total Immersion, Daqri LLC, Apple,
    ODG, Wikitude, etc. Technology providers are
    exploring opportunities in the industry and
    developing several platforms for automotive,
    medical and industrial applications.

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Germany Augmented Reality Market size, by
application, 2014-2024 (USD Million)

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Browse Full Market Research Report On Augmented
Reality Market_at_ https//goo.gl/DNm3us
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/695
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360 Analysis
  • Application Trends
  • Industrial applications accounted for over 25
    augmented reality market share in 2015. Several
    industry players are developing AR for the
    industrial sector to leverage the full potential.
    Rising demand to handle complex machinery,
    assemble and maintenance will propel augmented
    reality industry growth.
  • Regional Trends
  • China augmented reality market is predicted to
    witness significant growth and drive the Asia
    Pacific AR industry over the next few years.
    Increasing funding and investment in the
    technology is expected to augment the regional
    demand. Increasing penetration of smartphone
    tablets and huge number of manufacturers based in
    the countries including China, South Korea and
    Taiwan.
  • Competitive Market Share
  • Augmented reality market leaders include Magic
    Leap, Sony, Blippar, Microsoft, Google, Infinity
    Augmented Reality, etc. Other notable players
    that account for augmented reality market share
    include Total Immersion, Apple, Daqri LLC, ODG,
    Wikitude, among others. Industry participants are
    engaged in establishing relationships with the
    third parties to increase the ability of their
    technologies and address the needs of the
    prospective customers.


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