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

1
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
2
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.

3
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.

4
Germany Augmented Reality Market size, by
application, 2014-2024 (USD Million)

5

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
6
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.

7
Stay In Touch Website www.gminsights.com Soci
al Media