Global Augmented Reality Market to Witness Impressive Growth, Revenue to Surge to USD 128.2 Billion By 2028

The global Augmented Reality market accounted for USD 17.14 Billion in 2020 and is expected to reach USD 128 Billion by 2028, growing at a CAGR of 29% from 2021 to 2028.    

The report analyzes and forecast augmented reality market on a global and regional level. The study offers past data of 2016 along with forecast from 2021 to 2028 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and restraints for the augmented reality market along with the impact they have on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the augmented reality market on a global level.

The report gives a transparent view of the augmented reality market. We have included a detailed competitive scenario and portfolio of prominent players operative in augmented reality market. To understand the competitive landscape of augmented reality market, an analysis of Porter’s Five Forces model for the market has also been included. The reported offer market attractiveness analysis, wherein type, application and regional segments are benchmarked based on their general attractiveness, market size, and growth rate.

The study provides a crucial view on the augmented reality by segmenting the market based on type, display, application and region. All the type, display, application, segments of augmented reality market have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. In term of the component, augmented reality market classified sensor, display, and software . Display wise augmented reality market is bifurcated into the head-mounted display, head-up display, handheld display, spatial display. Based on application, global augmented reality market is bifurcated into aerospace& defense, industrial, consumer, commercial, e-commerce, retail and other. The regional segmentation comprises of present and forecast demand in Asia-Pacific, Middle East & Africa, North America, Europe, and Latin America for augmented reality market.

E-commerce is becoming a serious area of focus for retailers in APAC, where China is becoming the most important e-commerce market worldwide. The high demand for AR devices and software from the commercial sector would help drive the AR market in APAC. Growing consumer and commercial markets with increasing investments in countries like Japan, India, and China would boost the expansion of the AR market in APAC.

The competitive profiling of key players of augmented reality market includes company and financial overview, business strategies adopted by them, their recent developments and product presented by them which can help in assessing competition in the market Key market players Immersion, Magic Leap, Daqri LLC, Apple, Blippar, Sony, Wikitude, Microsoft, PTC, Google, Infinity Augmented Reality, CyberGlove Systems Inc., ODG, Eon Reality, Inc., Samsung Electronics.

Browse the full “Augmented Reality Market By Component (Hardware, Software), By Display (Head-mounted, Head-up, Handheld, Spatial), By Application (Aerospace & Defense, Industrial, Consumer, Commercial, E-Commerce, Retails): Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/augmented-reality-market

The report segments the Beverage Packaging market into:

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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