Published Date: 7-Jan-2021
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According to a new report Global Augmented Reality Market, published by KBV research, The Global Augmented Reality Market size is expected to reach $89 billion by 2026, rising at a market growth of 46.3% CAGR during the forecast period.
Head-up Displays is expected to grow at the biggest growth rate in the augmented reality market during the forecast period. Head-up displays are in their initial phase and are ready to bring revolution in the automotive industry. The majority of companies like Visteon, Continental, and WayRay have already plunged into the market with their own strategies for AR HUDs.
The Consumer market dominated the Global Augmented Reality Market by End User 2019. AR has a significant role in the healthcare industry. The Healthcare market is expected to witness a CAGR of 48.7% during (2020 - 2026). AR is capable to offer a virtual view of a patient, wherein a surgeon can observe the condition of the patient’s body parts. With the help of this, surgeons can perform minimally invasive surgeries. In the healthcare sector, there is a wide usage of AR modelling and 3D visualization.
The North America market dominated the Global Augmented Reality Market by Region 2019. Asia-Pacific is expected to hold a significant market share of the augmented reality market during the forecast years. Retailers in the region, focus more on e-commerce, where China is becoming the biggest e-commerce market globally. The high adoption of AR devices and software from the commercial segment would boost the AR market in the Asia-pacific region. Rising commercial and consumer markets with increasing investments in nations like China, India, and Japan would drive the market growth of augmented reality in APAC.
Structural Insights: https://www.kbvresearch.com/augmented-reality-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Google, Inc., Apple, Inc., Microsoft Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Sony Corporation, Qualcomm, Inc., Vuzix Corporation, PTC, Inc., Lenovo Group Limited and Alibaba Group Holdings Limited.
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