Title: Augmented Reality Market share to grow at 80.8% CAGR from 2016 to 2024
1Global Augmented Reality Market share to reach
165bn by 2024 Fractovia.org
2 Key Insights of Augmented Reality Market
- Increasing penetration of consumer electronic
products embedded with AR components in various
industries will augment global augmented reality
market. Augmented reality makes use of an
existing real-time environment and integrates it
with digital information to form a composite
visual image that deems itself as engaging to the
user. This technology is being deployed across
myriad sectors to provide enhanced customer
experience and expand the global consumer pool. - According to Global Market Insights, Inc.,
Augmented Reality Industry was valued for more
than USD 570 million in 2015, and is slated to
record an astronomical revenue of USD 165 billion
by 2024. - Smart glass augmented reality market will observe
y-o-y growth of 95 over 2016-2024. This
exceptional growth can be credited to increasing
consumer expectations of innovatively ushering in
a digital world with a physical one.
Additionally, high enterprise demand for advanced
glasses to manufacture high quality industrial
products will also augment the industry growth.
Head-mounted displays and head-up display are the
other two display device segmentations of
segmented reality market.
3 Continued
- High demand for safety control in vehicles will
fuel augmented reality industry in automotive
applications, which is all set to grow at a CAGR
of 8- over 2016-2024. The convenience of
choosing car models without a visit to the
showroom and an enhanced customer experience will
further propel this market. Rising demand to
efficiently handle machinery will impel augmented
reality industry in industrial applications,
which accounted for more than 25 of the overall
revenue share in 2015. - Notable participants in augmented reality market
include Infinity Augmented Reality, Apple,
Wikitude, Sony, Daqri LLC, Magic Leap, Google,
Blippar, Total Immersion, Google, ODG, and
Microsoft. Industry players often liaison with
third party mediators to enhance their existing
technologies and innovate novel technologies as
per consumer preferences.
4Germany Augmented Reality Market size, by
application, 2014-2024 (USD Million)
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6 Table of Contents
Report Content Chapter 1 Methodology
Scope 1.1 Research Methodology 1.1.1
Initial data exploration 1.1.2 Statistical
model and forecast 1.1.3 Industry insights and
validation 1.1.4 Research scope and
assumptions 1.2 Data Sources 1.2.1
Primary sources 1.2.2 Secondary
sources Chapter 2 Executive
Summary 2.1 AR industry 3600 synopsis, 2014
- 2024 2.1.1 Business trends 2.1.2 Regional
trends 2.1.3 Component trends 2.1.4 Display
device trends 2.1.5 Application trends
7 Continued
Chapter 3 Augmented Reality Industry
Insights 3.1 Industry segmentation 3.2
Industry Size and forecast, 2014 - 2024 3.3
Industry ecosystem analysis 3.4 Capital
Investment 3.5 Notable mergers acquisitions
in the AR market 3.6 Technology innovation
landscape 3.6.1 Augmented Reality
Earbuds 3.6.2 Smart Glasses for Blind
People 3.6.3 Augmented Reality Helmet 3.7
Regulatory landscape 3.7.1 Digital Millennium
Copyright Act (DMCA) 3.7.2 Communications
Decency Act (CDA) 3.7.3 Child Online
Protection Act (COPA) 3.7.4 Federal Trade
Commission (FTC)
8 Continued
3.8 Industry Impact forces 3.8.1 Growth
drivers 3.8.1.1 Emerging AR applications
across e-commerce and retail 3.8.1.2
Increasing investments in the AR
technology 3.8.1.3 Rising demand in medical
and automotive industry 3.8.1.4 Increasing
adoption of AR enabled smart glasses 3.8.2
Industry pitfalls challenges 3.8.2.1 Privacy
concerns pertaining to the AR technology 3.8.2.1
Financial constraints and complexity 3.9
Growth potential analysis 3.10 Company
landscape, 2015 3.10.1 Strategy
dashboard 3.11 Porters analysis 3.12
PESTEL analysis
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