Augmented Reality Market Analysis Shows Lucrative Growth in the upcoming future

Posted September 21, 2017 by Steveblade

Further, the Augmented Reality Market is projected to expand at a CAGR of 60.9% over the forecast period i.e. 2016-2024.

High investment over research and development of augmented reality technology: Major Boost
According to our augment reality market report, major market players are investing huge capital in R&D of augment reality technology. Recent market trends have witnessed the signs of lucrative growth of augment reality market in upcoming years. Over Past few years, the augmented reality industry witnessed several notable activities by major players such as Facebook and Apple, which led to the robust increase in developer activities as well as widespread coverage in market. For instance, Microsoft HoloLens and Google Tango played an important role to lay the groundwork and educate the market about the capabilities of augmented reality technology. Further, advancement in these platforms is expected in nearby future, in response to Apple's ARKit. . Global augmented reality market accounted for more than USD 2.1 billion in 2016, which is anticipated to surpass USD 96 billion by the end of 2024. Further, the market is projected to expand at a CAGR of 60.9% over the forecast period i.e. 2016-2024.
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Market Segmentation
• By Technology Type
o Marker Based
 Active Marker
 Passive Marker
o Marker Less
 Model-based
 Image Processing Based
• By Components
o Software
 Cloud-Based Services
 Software Developer Kits
o Hardware
 3D cameras
 AR Wearable Devices
 Sensors
 Displays
• By End Users
o Education Sector
o Healthcare Sector
o Aerospace Industry
o Automotive Sector
o Real Estate
o Tourism
o Gaming
o Defense
o Sports
o Manufacturing Industry
o Media And Entertainment
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
“Global Augmented reality Market Outlook 2024” contains detailed overview of the global augmented reality market in terms of market segmentation by technology type, by components type and by end users.
Further, for the in-depth analysis, the Global Augmented reality Market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Augmented reality Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Microsoft Apple, Google, Qualcomm Inc., Magic Leap, Sony, Augmented pixels Inc., Niantic Labs, Samsung, Intel etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global augment reality market trends along with market forecast that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Tags augmented reality market , augmented reality market report , augmented reality market segmentation
Last Updated September 21, 2017