Global Augmented Reality AR
Market Report
2024
Augmented Reality (AR) market size will be USD 88.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 31.5% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Augmented Reality (AR) market size will be USD 88.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 31.5% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Augmented Reality AR Market Sales Revenue 2024 | $ 88.4 Billion |
Global Augmented Reality AR Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 31.5% |
Market Split by Technology |
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Market Split by Offering |
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Market Split by Device |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Augmented Reality AR Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The augmented reality market for the software segment is expected to hold a larger size during the forecast period owing to the growth in the number of apps and platforms in space. The growing penetration of augmented reality software and its compatibility with existing hardware is expected to drive the growth of the AR market for the software segment during the forecast period. Augmented Reality (AR) technology has a wide range of applications in entertainment, training, brand engagement, augmented surgeries, virtual tours, and quality control, to name a few. The COVID-19 pandemic severely impacted global industries. However, during such a crisis, the technology showcased potential uses in different sectors. According to IBM's U.S. Retail Index report of 2020, retail businesses and their customers shifted to digital shopping during the pandemic.
Rising Investments in the AR Market to Increase the Demand Globally - Investments in the augmented reality (AR) market have witnessed huge growth over the past few years. Companies such as Facebook Corporation, Intel Corporation, Qualcomm, Inc., Alphabet, Inc., Comcast Ventures, and Samsung Group are investing heavily in the augmented reality market. Private firms and venture capitalists are funding a few research institutes, while governments are funding some. Industries such as consumer, aerospace & defense, healthcare, enterprises, retail, and marketing embrace the benefits of AR. For instance, Boeing announced a new setup named HorizonX to forge a broader external investment fund. Increasing Adoption of AR Technology in the Healthcare Industry
Health Issues Associated with Excessive Usage of AR Long-Term Impacts of AR on Mental Health
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In January 2024, Qualcomm Technologies entered into a collaboration with RayNeo to develop next-generation, market-leading AR glasses. This collaboration brings together the expertise of industry-leading technology providers to redefine the future of AR glasses.
(Source https://www.skyquestt.com/report/augmented-reality-market/market-news
Top Companies Market Share in Augmented Reality AR Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America has emerged as the dominating force in the AR market. The leadership of the information technology industry is the result of not only the presence of leading actors but also powerful technological support and a wide range of apps in the fields of gaming, healthcare, retail, and manufacturing. Overall, the major tech hubs, including Silicon Valley, keep on driving innovation in augmented reality forward in this region, and companies with the financial capital and talent pool are also able to expand with the same knowledge.
Asia Pacific is the second largest as well as the fastest-growing region in the AR market. China, Japan, and South Korea show a growing interest in AR services because of the impact of higher smartphone-level access, enormous residential areas, and governmental programs to develop the technology. The industry in the area has been thriving, and the entertainment sector, marketing firms, and retail have started to use AR widely. Consequently, these areas become AR regions' growth sources. The adoption of AR applications by businesses and consumers in Asia Pacific is diverse and driven by many reasons. Hence, the region is predicted to sustain steady growth, thereby giving AR companies more influential causes to focus on the area for emerging opportunities and increasing market prospects.
The current report Scope analyzes Augmented Reality AR Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Augmented Reality AR Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Augmented Reality AR Industry growth. Augmented Reality AR market has been segmented with the help of its Technology, Offering Device, and others. Augmented Reality AR market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Augmented Reality AR market.
Technology of Augmented Reality AR analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Augmented Reality AR Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Augmented Reality AR from 2019 to 2031. This will also help to analyze the demand for Augmented Reality AR across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Offering of Augmented Reality AR are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Augmented Reality AR market report 2024 Edition by contacting our team.
According to cognitive market research, healthcare applications are the dominant category. The Healthcare sector signals the highest growth segment of the AR industry in that AR technology is already used to revolutionize the ways in which patients are treated, training of medical staff, and diagnostics. The healthcare applications of AR offer an innovative marriage of practicality and imagination. It can be seen in their market share alone. From aiding surgeons with real-time data rather than images to providing telemedicine solutions with immersive technology, AR is changing the paradigm in healthcare delivery. In terms of performance, the sector's growth is underpinned by a symbiosis of factors, including the emergence of more sophisticated medical technology and the increasing investments in digital healthcare solutions as well as the global focus on outcome-related and experience-related care.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Augmented Reality AR Market is witnessing significant growth in the near future.
In 2023, the Marker-Based AR Technology segment accounted for noticeable share of global Augmented Reality AR Market and is projected to experience significant growth in the near future.
The Hardware segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Magic Leap Inc , PTC Inc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Technology | Marker-Based AR Technology, Markerless AR Technology, Anchor-Based AR Technology |
Offering | Hardware, Software |
Device | HUDs, HMDs |
Application | Consumer, Commercial, Enterprise (Manufacturing), Healthcare, Aerospace & Defense Energy, Automotive, Others |
List of Competitors | Magic Leap Inc, Niantic Inc, PTC Inc, Atheer Inc, Upskill, Blippar, Daqri, Zugara, Wikitude, Infinity AR, Catchoom, Zappar, Re'Flekt, Scope AR, Vuzix, Marxent, ARToolKit |
This chapter will help you gain GLOBAL Market Analysis of Augmented Reality AR. Further deep in this chapter, you will be able to review Global Augmented Reality AR Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Augmented Reality AR Market Trends North America Augmented Reality AR Technological Road Map North America Augmented Reality AR Market Drivers North America Augmented Reality AR Market Restraints North America Augmented Reality AR Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Offering Analysis 2019 -2031
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Chapter 12 Market Split by Device Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Augmented Reality AR market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Marker-Based AR Technology have a significant impact on Augmented Reality AR market? |
What are the key factors affecting the Marker-Based AR Technology and Markerless AR Technology of Augmented Reality AR Market? |
What is the CAGR/Growth Rate of Hardware during the forecast period? |
By type, which segment accounted for largest share of the global Augmented Reality AR Market? |
Which region is expected to dominate the global Augmented Reality AR Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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