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Global Augmented Reality Market Size, Share, Growth, and Forecast Report 2030

The global augmented reality market is expected to grow at a 29% CAGR between 2021 and 2028, from USD 17.14 billion in 2020 to USD 128 billion in 2028.

Manufacturing, healthcare, and education are just a few of the industries that are utilising augmented reality.

Over the forecast period, providing end consumers with a unique and interactive experience is expected to drive market growth. Businesses are putting in a lot of effort to create new strategies for capitalising on the capabilities of augmented reality (AR) technology. Smartphones and smart glasses are gaining in popularity.

Growth Factors

Demand for augmented reality services is expected to rise as wearable technology, GPS, and augmented reality become more intertwined. The augmented reality market is expanding as people use their smartphones and tablets more frequently. The augmented reality industry's growth may be hampered by user interface issues. It also shows how technological inefficiency in the study of various physical challenges has impacted the augmented reality industry.

Segment Analysis Preview

The augmented reality market is divided into four segments: display, component, region, and application. This technological breakthrough combines hardware and software (semiconductors, displays, and sensors). In the coming years, the hardware industry is expected to grow rapidly.

Regional Analysis Preview

With China quickly becoming the world's largest e-commerce market, e-commerce is increasingly becoming a top priority for APAC companies. The growing commercial demand for AR devices and software will contribute to the growth of the APAC AR industry. Expanding investment in countries such as Japan, India, and China, as well as growing consumer and commercial sectors, will propel the APAC AR industry forward. Matka Satta.

Key Market Players Competitive Landscape

Some of the key players in the Augmented Reality market are Magic Leap, Immersion, Apple, Daqri LLC, Sony, Blippar, Microsoft, Wikitude, Google, PTC, CyberGlove Systems Inc., Infinity Augmented Reality, Eon Reality, Inc., ODG, Samsung Electronics among others. These players are all set to place the augmented reality market to new heights. The global Augmented Reality market is segmented as follows:

By Component

Hardware (Sensor, Semiconductor, and Display)

Software

By Display

Head-mounted display

Head-up display

Handheld display

Spatial display

By Application

Aerospace Defense

Industrial

Consumer

Commercial

E-Commerce

Retails

By Region

North America

The U.S.

Canada

Europe

France

The UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Southeast Asia

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East Africa

GCC

South Africa

Rest of Middle East Africa

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