Augmented Reality

[New] Shipments of augmented reality (AR) and virtual reality (VR) headsets are projected to experience a year-over-year decline of 10.5% in Q1 2020, followed by a decline of 24.1% in the second quarter of the year.
The total value of AR in education is expected to reach $5.3 billion by 2023.
Smart Augmented Reality (AR) Glasses: Accounts for Over 31% of Global Market Size in 2020, While China is Forecast to Grow at a 98.3% CAGR for the Period of 2020-2027.
The Mobile Augmented Reality (MAR) market in the U.S. is estimated at US$ 3.3 Billion in the year 2020.
Within Europe, Germany is forecast to grow the Mobile Augmented Reality at approximately 37.1% CAGR while Rest of European market will reach US$ 36.9 Billion by the year 2027.
There are increasing signs that AR will be promoted by major technology vendors such as Apple, which is said to be developing an AR headset for launch in 2020.
Revenues generated by AR technology in healthcare market are expected to exceed $1.9 billion by 2026 at a CAGR of 25.5%.
Shipments of VR and AR headsets are expected to increase in coming years with each device forecast to sell over 30 million units in 2023.
The global AR and VR Software Market is expected to witness a promising growth in the next few years.
In 2025, the global automotive AR and VR market is forecast to reach about 673 billion U.S. dollars, with a CAGR of 175.7 percent from 2018 to 2025.
The market for Augmented Reality (AR) and Virtual Reality (VR) immersive collaboration solutions will exceed US$ 400 million by 2025, up from less than US$ 12 million in 2019.
The global Augmented Reality and Virtual Reality Platform market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2026.
Augmented Reality (AR) is set to add more than $1 trillion to the global economy and £62.5bn to the UK economy in the next decade.
The AR In Travel & Tourism Market is expected to grow worth of USD +198 Billion over the forecast period 2020-2027.
Global Augmented and Virtual Reality (AR VR) market - Report defines the vital growth factors, opportunities and market segment of top players during the forecast period from 2019 to 2025.
The projected compound annual growth rate of AR and virtual reality (VR) spending for retail showcasing is forecasted to be 102.8 percent worldwide between 2018 to 2023.
5G is predicted to generate more than $140 billion in revenue from augmented reality (AR) and virtual reality (VR) application between 2021 and 2028.
The demand for augmented reality in healthcare will undoubtedly grow, as a recent Grand View Research report predicts a 23% CAGR growth for the global market for AR by 2025.
The market for augmented reality technologies will soar to $100 billion by 2024, driven by advances in interaction between the user and AR devices.
Through 2028, conversational platforms, which change how users interact with the world, and technologies such as augmented reality (AR), mixed reality (MR) and virtual reality (VR), which change how users perceive the world, will lead to a new immersive experience.
Augmented Reality (AR) is about to blow up the social media world and will well and truly be one of the biggest Instagram trends of 2019.

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Last updated: 09 August 2020