Growth Analysis: Global Augmented Reality Market to Generate $65,323.4 Million and Exhibit a CAGR of 30.9% from 2021 to 2028 [218-Pages] | by Research Dive
Wednesday, November 17, 2021
The global augmented reality market is estimated to witness prominent growth in forecast period, owing to the increasing adoption of AR technology in the healthcare sector. The Asia-Pacific region is anticipated to witness lucrative growth by 2028.
NEW YORK, Nov. 9, 2021 /PRNewswire/ -- Research Dive in its recent report estimates that the Global Augmented Reality Market will generate $65,323.4 million and exhibit a CAGR of 30.9% from 2021 to 2028.
https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg
Market Dynamics
Healthcare can be made more accessible and affordable to millions of people across the globe with the use of AR technology, which is resulting in the rising adoption of AR in the healthcare sector. Besides, AR saves time during emergency surgeries and is used to give a surgeon a virtual image of the body components of patients allowing them to assess their condition. All these benefits and factors are predicted to upsurge the growth of the global augmented reality market during the forecast period. Moreover, the growing usage of the AR technologies among all the sectors of retail industry including furniture, apparel, consumer electronics, and automotive is likely to create huge growth opportunities for the market by 2028. However, the lack of ability of few AR apps to protect the identity and privacy of users are factors expected to hamper the market growth during the estimated timeframe.
Download an PDF Sample report of the Augmented Reality Market
Impact of COVID-19 Pandemic on the Augmented Reality Market
The COVID-19 pandemic has favorably impacted the global augmented reality market growth. The increase in the augmented reality market size and share is mainly due to the growing implementation of AR in the healthcare sector during the pandemic period, which is resulting in a bump up in the market demand. For instance, in November 2020, the World Health Organization (WHO) Academy released its first AR course for health workers on how to properly utilize COVID-19 personal protection equipment (PPE).
Checkout How COVID-19 impacts the Augmented Reality Market. Click here to speak our Expert Analyst to Triangulate with your own data
Key Segment Findings of the Market:
The research report segments the global augmented reality market into component, device type, end-use, and region.
-- Based on component, the hardware sub-segment is expected to witness
fastest growth and garner a revenue of $38,136.1 million by 2028. This
is mainly due to the increasing acceptance of augmented reality
technology around the world, which is leading to the hardware component
developing faster than the software sub-segment.
-- Based on device type, the handheld sub-segment is expected to hold
dominating market share and garner a revenue of $24,869.2 million by
2028. This is mainly due to the growing demand for mobile AR in the
retail sector to improve the shopping experience of customers. In
addition, the rising adoption of AR in social apps such as Facebook,
Snapchat (filters), and Instagram will drive the demand for rich content
in mobile AR for social media, which will boost the sub-segment's growth
during the forecast period.
-- Based on end-use, the healthcare sub-segment is projected to grow at a
significant rate and generate a revenue of $9,852.2 million by 2028.
This growth is majorly due to the increasing adoption of the AR based
solutions in the healthcare industry as AR/MR models offer hands-free
solutions and AI based diagnostic tools. In addition, AR is widely used
in healthcare areas, such as patient & doctor education, disease
simulation, and surgical visualization to improve patient treatments and
outcomes. These factors are predicted drive the sub-segment's market
growth by 2028.
-- Based on region, the Asia-Pacific augmented reality market is expected
to surpass $27,109.2 million and witness dominant growth during the
forecast period. The rapid growth in the manufacturing sector in China
and Japan, and the booming gaming industry in the Asia-Pacific region
are the major factors projected to accelerate the regional market growth
in the coming years. Besides, the increased investments in commercial AR
applications is likely to contribute to the regional market growth by
2028.
Get access to North America Augmented Reality Market and Europe Augmented Reality Market during COVID-19 Pandemic. Get customized report with 20% Discount
Top 10 Prominent Market Players in Augmented Reality Market
1. Google LLC
2. CXR
3. Microsoft
4. TreeView
5. DAQRI
6. Seiko Epson
7. Niantic
8. Magic Leap
9. PTC Inc.
10. Apple.
- Inquire and Avail Quick access to the Top Companies Trending Strategies Summary Report
These players are focusing on product launches, technological advancements, and strategic collaborations to gain a competitive in the global market.
For instance, in April 2021, PTC, an American computer software and services company, opened a new R&D facility at Technion, the Israel Institute of Technology. The facility has been opened by PTC for research in Industrial IoT, Simulation, Augmented Reality (AR), and Generative Design technologies.
More about Augmented Reality Market:
-- Augmented reality: An In-demand Technology in Various Sectors
-- Focus on Reducing Workloads of Healthcare Professionals to Fuel the
Growth of Global Augmented Reality in Healthcare Market
Related Topics Links:
1. Agriculture Drones Market: [243-Pages]The global agriculture drones
market is predicted to garner $6,244.5 million in the 2021-2028
timeframe, growing from $1,480.5 million in 2020, at a high CAGR of
19.2%. - Avail PDF Sample Report
2. Humanoid Robot Market:[150-Pages] The global humanoid robot market
forecast will be $9,630.0 million till 2026, at a CAGR of 36.4% - Avail
PDF Sample Report
3. Collaborative Robot (Cobot) Market:[150-Pages] The global collaborative
robot (cobot) market forecast will surpass $8,840.5 million by 2026, at a
CAGR of 41.2% - Avail PDF Sample Brochure
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Contact:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
Blog: https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
View original content:https://www.prnewswire.com/news-releases/growth-analysis-global-augmented-reality-market-to-generate-65-323-4-million-and-exhibit-a-cagr-of-30-9-from-2021-to-2028-218-pages--by-research-dive-301419487.html
SOURCE Research Dive
|
|
|
|
|
 |
Energy Toolbase Launches Energy Storage Partnership with Sungrow to Support PowerStack 255CS and PowerTitan 2.0 | Jan 22, 2026
|
|
Einride and IonQ Partnership Uses Quantum Computing to Optimize the Logistics of Electric and Autonomous Freight | Jan 22, 2026
|
|
RS now offers Phoenix Contact's pioneering new NearFi technology | Jan 22, 2026
|
|
MetaOptics to Showcase Five Breakthrough Metalens-Powered Products at CES 2026 | Jan 22, 2026
|
|
SCAILIUM Debuts "AI Production Layer" to Overcome GPU Starvation and Slash AI Energy Waste | Jan 22, 2026
|
|
Hesai Recognized as the Only Lidar Company on Morgan Stanley's "Humanoid Tech 25" of Global Robotics Leaders | Jan 22, 2026
|
|
Quantum Art Raises $100 Million in Series A Round to Drive Scalable, Multi-Core Quantum Computing | Jan 22, 2026
|
|
No Assembly Required: Barrett Distribution Centers Powers Maxwood Furniture's West Coast DTC Expansion | Jan 22, 2026
|
|
AGS Devices Goes Live With CELUS Design Platform to Support Faster Electronics Design | Jan 22, 2026
|
|
1inch Named Exclusive Swap Provider at Launch for Ledger Multisig | Jan 22, 2026
|
|
|
