WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Monday, March 1, 2021 
Add Press Release News | News Feeds Feeds | Email This News Email

Augmented Reality Market Size Worth $340.16 Billion By 2028 | CAGR: 43.8%: Grand View Research, Inc.
Tuesday, February 23, 2021

SAN FRANCISCO, Feb. 15, 2021 /PRNewswire/ -- The global augmented reality market size is estimated to reach USD 340.16 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 43.8% from 2021 to 2028. Continued innovations in the Augmented Reality (AR) realm, which have triggered the adoption of the technology in several industries and industry verticals, is fueling market growth. People are increasingly adopting the AR-supported online platforms for shopping, education, and social media interactions, among other purposes, for a better immersion experience. The introduction of Website-based AR (WebAR), a digital technology that allows users to directly access AR on the internet without having to download any application, is expected to create substantial opportunities for the market growth.

Key suggestions from the report:

    --  Smartphone proliferation and widescale adoption of AR in mobile games
        are expected to drive the growth of the market
    --  The handheld devices display segment is anticipated to exhibit the
        highest CAGR of over 45.0% from 2021 to 2028
    --  The industrial and manufacturing application segment accounted for the
        highest revenue share in 2020
    --  The Asia Pacific regional market is expected to register the highest
        CAGR over the forecast period

Read 100 page research report with ToC on "Augmented Reality Market Size, Share & Trends Analysis Report By Component, By Display (HMD & Smart Glass, HUD, Handheld Devices), By Application, By Region, And Segment Forecasts, 2021 - 2028" at:

E-commerce sales are on the rise as brick and mortar retail stores remain temporarily shut, in various parts of the world in the wake of the COVID-19 pandemic. Hence, several businesses are launching new products online and adopting AR technology to provide an immersive experience to buyers. AR and 3D visualization are allowing consumers to experience products virtually in real time before making a buying decision.

The adoption of AR technology in the education industry is also gaining traction owing to the potential of the technology to help students in experiencing a more detailed and live explanation of informative concepts. The adoption of augmented reality in the education industry is poised for significant growth over the forecast period as several educational institutions are shifting their courses and lectures to virtual event platforms in the wake of the COVID-19 pandemic.

Grand View Research has segmented the global augmented reality market on the basis of component, display, application, and region:

    --  Augmented Reality Component Outlook (Revenue, USD Million, 2016 - 2028)
        --  Hardware
        --  Software
    --  Augmented Reality Display Outlook (Revenue, USD Million, 2016 - 2028)
        --  HMD & Smart Glass
        --  HUD
        --  Handheld Devices
    --  Augmented Reality Application Outlook (Revenue, USD Million, 2016 -
        --  Aerospace & Defense
        --  Automotive
        --  Education
        --  E-commerce & Retail
        --  Gaming & Entertainment
        --  Healthcare
        --  Industrial & Manufacturing
        --  Others
    --  Augmented Reality Regional Outlook (Revenue, USD Billion, 2016 - 2028)
        --  North America
            --  U.S.
            --  Canada
        --  Europe
            --  Germany
            --  U.K.
        --  Asia Pacific
            --  China
            --  Japan
            --  India
            --  South Korea
        --  Latin America
            --  Brazil
        --  Middle East & Africa

List of Key Players of Augmented Reality Market

    --  Google, LLC
    --  Sony Corporation
    --  Facebook LLC
    --  Magic Leap, Inc.
    --  Samsung Electronics Co., Ltd.
    --  HTC Corporation
    --  Wikitude GmbH

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

    --  Augmented Reality Headsets Market - The global augmented reality
        headsets market size was valued at USD 1.64 billion in 2018 and is
        expected to grow at a compound annual growth rate (CAGR) of 73.8% from
        2019 to 2025.
    --  Augmented Reality (AR) & Virtual Reality (VR) in Healthcare Market - The
        global Augmented Reality (AR) & Virtual Reality (VR) in healthcare
        market size was valued at USD 568.7 million in 2016 and is projected to
        grow at a CAGR of 29.1% during the forecast period.
    --  Gaming Market - The global gaming market size was valued at USD 97.80
        billion in 2016 and is expected to witness remarkable growth over the
        next eight years. Technological proliferation and innovation in both
        hardware and software are expected to be key factors driving the market.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter

View original content:

SOURCE Grand View Research, Inc.

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav ZTE President Xu Ziyang: Build Stronger Core Competence, Achieve High-Quality Growth Together | Mar 1, 2021
Nav Global Cell Based Assay & High Content Screening Markets Report 2021-2025: 3D Assays, Automation, Software, Primary Cells, Signalling and Reporter Genes, The Next Five Years | Mar 1, 2021
Nav Worldwide Insurance Analytics Industry to 2027 - Players Include MicroStrategy Incorporated, Tibco Software and SAS Institute Among Others | Mar 1, 2021
Nav Global LPWAN Market to Cross $80 Bn by 2027, Global Market Insights, Inc. | Mar 1, 2021
Nav End to End Enterprise Resource Visualization Studio Controls COM 64 v6.0 Released | Mar 1, 2021
Nav CEVA Moves to Standardize DSP-enabled Bluetooth® Audio IP with New Bluebud(TM) Wireless Audio Platform for TWS Earbuds, Smartwatches and Wearables | Mar 1, 2021
Nav Lucid Announces Miro Import For Lucidspark | Mar 1, 2021
Nav Worldwide Multi-Cloud Management Industry to 2026 - Featuring BMC Software, CenturyLink and Accenture Among Others | Mar 1, 2021
Nav UnionTrack Selected by IUPAT for Multi-year Member Engagement Contract | Mar 1, 2021
Nav Y Soft Announces COVID-Safe And Secure MFX Mobile Reader For User Authentication | Mar 1, 2021

Submit News | View More News View More News