Global Augmented Reality Automotive
Market Report
2024
Augmented Reality Automotive market size will be USD 14.44 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 18.1% 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 Automotive market size will be USD 14.44 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 18.1% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Augmented Reality Automotive Market Sales Revenue 2024 | $ 14.44 Billion |
Global Augmented Reality Automotive Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 18.1% |
Market Split by Function |
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Market Split by Sensor |
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Market Split by Display |
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Market Split by Electric |
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Market Split by Level of Autonomous Driving |
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Market Split by Vehicle |
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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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Report scope is customizable as we have a huge database of Augmented Reality Automotive industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Augmented Reality Automotive Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Augmented reality has witnessed significant growth in the automotive industry over the past few years due to its potential to generate innovative solutions. AR is a tool for Human-Machine Interaction (HMI). In this technology, virtual components are superimposed on the real world to create an illusion of augmented reality or enriched reality. In addition to this, the increasing use of advanced driving assistance systems in new-generation automobiles and their growing preference for OEMs is expected to drive this market during the forecast period. Increasing interest of OEMs in implementing AR in their automobiles to gain a competitive edge is expected to propel the market growth during the forecast period.
Increasing Adoption of Connected Automotive to Increase the Demand Globally - With the evolution of advanced communication technology, the demand for connected vehicles has increased rapidly in the transportation system. These connected vehicles use an augmented reality-based Advanced Driver Assistance System (ADAS), which visualizes the crucial guidance information calculated by multiple connected vehicles. Increasing AR applications in new-generation connected vehicles are expected to boost the market growth in years to come. Technological Advancements in the Automotive Industry
The Threat of Cyberattacks and Data Theft Regulatory Compliance and safety standards
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In February 2022, Germany's Apostera Automotive Technology was acquired by Samsung's Harman. Harman is committed to providing in-car experiences that combine the dependability and performance of automotive-grade technologies with the speed and flexibility of consumer technology.
Top Companies Market Share in Augmented Reality Automotive 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.
Global Augmented Reality Automotive 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 Automotive Industry growth. Augmented Reality Automotive market has been segmented with the help of its Function, Sensor Display, and others. Augmented Reality Automotive 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.
According to cognitive market research, the standard AR HUD function stands out as the dominant category. Based on function, the global augmented reality in the automotive market is divided into Standard AR HUD, AR HUD-based navigation, AR HUD-based adaptive cruise control, and AR HUD-based lane departure warning. The AR HUD-based navigation category dominated the market with the largest revenue share in 2022. AR HUD-based navigation systems enhance traditional GPS navigation by overlaying dynamic and interactive guidance directly onto the windshield. It provides real-time, intuitive directions, including turn-by-turn navigation, lane guidance, and points of interest, improving navigation accuracy and reducing reliance on traditional dashboard screens.
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 Automotive 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 Automotive from 2019 to 2031. This will also help to analyze the demand for Augmented Reality Automotive 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 Sensor of Augmented Reality Automotive are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Augmented Reality Automotive market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The area is home to several of the top manufacturers of automobiles, research institutes, and creators of augmented reality technologies, making it a hub for technical innovation. This focus on knowledge encourages quick progress in augmented reality systems designed for use in automobiles. Furthermore, embracing cutting-edge technologies is highly valued by the North American automobile industry as a means of improving driving experiences and safety. In response to consumer demands for more features, this proactive strategy has pushed the incorporation of augmented reality (AR) elements like heads-up displays (HUDs) and advanced driver assistance systems (ADAS) into automobiles.
Asia-Pacific stands out as the fastest-growing region in the Augmented Reality Automotive market for several compelling reasons. China is expected to contribute to this growth in the region. In addition, the rising government and private investments in the development of startups based on AR are expected to boost the market growth in the region. Moreover, the increasing adoption of electric vehicles in emerging APAC countries, including China, Japan, South Korea, India, and others, is expected to support the market growth in the region.
The current report Scope analyzes Augmented Reality Automotive 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
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust 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 Automotive Market is witnessing significant growth in the near future.
In 2023, the Standard AR HUD segment accounted for noticeable share of global Augmented Reality Automotive Market and is projected to experience significant growth in the near future.
The Radar segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Continental AG (Germany) , Daimler AG (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Function | Standard AR HUD, AR HUD-Based Navigation, AR HUD-Based Adaptive Cruise Control, AR HUD-Based Lane Departure Warning |
Sensor | Radar, LIDAR, CCD/CMOS Image Sensor, Sensor Fusion |
Display | TFT-LCD, Other Advanced Technologies |
Electric | Battery Electric Vehicle, Others (Hybrid) |
Level of Autonomous Driving | Conventional, Semi-autonomous |
Vehicle | Passenger Cars, Commercial Vehicles |
List of Competitors | Continental AG (Germany), Volkswagen AG (Germany), Daimler AG (Germany), BMW Group (Germany), Panasonic Corporation (Japan), Visteon Corporation (U.S.), Hyundai Motor Company (South Korea), Jaguar Cars (England), WayRay (Switzerland), Audi AG (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Augmented Reality Automotive. Further deep in this chapter, you will be able to review Global Augmented Reality Automotive Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
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 Automotive Market Trends North America Augmented Reality Automotive Technological Road Map North America Augmented Reality Automotive Market Drivers North America Augmented Reality Automotive Market Restraints North America Augmented Reality Automotive Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Function Analysis 2019 -2031, will provide market size split by Function. 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 Function 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 Sensor Analysis 2019 -2031
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Chapter 12 Market Split by Display Analysis 2019 -2031
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Chapter 13 Market Split by Electric Analysis 2019 -2031
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Chapter 14 Market Split by Level of Autonomous Driving Analysis 2019 -2031
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Chapter 15 Market Split by Vehicle Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Augmented Reality Automotive market
Chapter 16 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 Standard AR HUD have a significant impact on Augmented Reality Automotive market? |
What are the key factors affecting the Standard AR HUD and AR HUD-Based Navigation of Augmented Reality Automotive Market? |
What is the CAGR/Growth Rate of Radar during the forecast period? |
By type, which segment accounted for largest share of the global Augmented Reality Automotive Market? |
Which region is expected to dominate the global Augmented Reality Automotive 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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