Augmented Reality Market share forecast to grow at over 80.8% CAGR from 2016 to 2024
More Information @ http://bit.ly/2itL1Ne Augmented Reality Market size likely to grow at 80.8% CAGR from 2016 to 2024; impelled by rising demand in medical and automotive industry.Increasing adoption across the e-commerce and retail space will spur the global augmented reality market demand over the forecast timeframe. The technology offers retailers the opportunity to enhance the overall shopping experience by bringing an image, product label or shopping window to life and greatly improves the degree of customer interaction with the products.
More Information @ http://bit.ly/2itL1Ne
Augmented Reality Market size likely to grow at 80.8% CAGR from 2016 to 2024; impelled by rising demand in medical and automotive industry.Increasing adoption across the e-commerce and retail space will spur the global augmented reality market demand over the forecast timeframe. The technology offers retailers the opportunity to enhance the overall shopping experience by bringing an image, product label or shopping window to life and greatly improves the degree of customer interaction with the products.
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Global <strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong> size revenue<br />
worth <strong>over</strong> $165bn by <strong>2024</strong>: Global <strong>Market</strong><br />
Insights Inc.<br />
<strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong> size likely <strong>to</strong> <strong>grow</strong> <strong>at</strong> <strong>80.8%</strong> <strong>CAGR</strong> <strong>from</strong> <strong>2016</strong> <strong>to</strong> <strong>2024</strong>;<br />
impelled by rising demand in medical and au<strong>to</strong>motive industry; according <strong>to</strong> a new<br />
research report by Global <strong>Market</strong> Insights, Inc.<br />
Increasing adoption across the e-commerce and retail space will spur the global<br />
augmented reality market demand <strong>over</strong> the <strong>forecast</strong> timeframe. The technology<br />
offers retailers the opportunity <strong>to</strong> enhance the <strong>over</strong>all shopping experience by<br />
bringing an image, product label or shopping window <strong>to</strong> life and gre<strong>at</strong>ly improves the<br />
degree of cus<strong>to</strong>mer interaction with the products.<br />
Retail brands are gradually turning <strong>to</strong> AR pl<strong>at</strong>forms <strong>to</strong> increase cus<strong>to</strong>mer s<strong>at</strong>isfaction,<br />
driving the augmented reality market size. For instance, Wayfair introduced AR<br />
technology th<strong>at</strong> allow users <strong>to</strong> place full-scale 3D virtual models of products in<br />
settings. It helps users select images of décor or furniture <strong>from</strong> product c<strong>at</strong>alogs and<br />
uses smartphones <strong>to</strong> position the objects in their room walls, ceiling, or floor.<br />
High demand <strong>from</strong> enterprises <strong>to</strong> bridge the physical and digital world is anticip<strong>at</strong>ed<br />
<strong>to</strong> fuel the augmented reality market <strong>grow</strong>th. For instance, in 2015, DHL carried out a<br />
pilot project in the Netherlands wherein the company equipped the warehouse<br />
workers with AR-enabled smart glasses. The technology was implemented for ‘vision<br />
picking’ in warehouse oper<strong>at</strong>ions.<br />
Strong investment landscape will provide a fillip <strong>to</strong> the augmented reality market. For<br />
example, by <strong>2016</strong> <strong>over</strong> USD 1.6 billion had been invested in the development of<br />
display devices based on AR (augmented reality market) technology. Magic Leap, a<br />
company developing AR head mounted displays (HMDs) has raised <strong>over</strong> USD 1.4<br />
billion <strong>from</strong> inves<strong>to</strong>rs including Google and Qualcomm.<br />
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Germany <strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong> size, by applic<strong>at</strong>ion, 2014-<strong>2024</strong> (USD Million)<br />
Browse key industry insights spread across 152 pages with 109 market d<strong>at</strong>a tables &<br />
80 figures & charts <strong>from</strong> the report, “<strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong> Size By<br />
Component (Hardware, Software), By Display Device (Smart Glass, Head-<br />
Mounted Display, Head-Up Display), By Applic<strong>at</strong>ion (Medical, Au<strong>to</strong>motive,<br />
Aerospace & Defense, Gaming, Retail, Industrial), Industry Analysis Report,<br />
Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China,<br />
Japan, India, South Korea, Taiwan, Brazil, Mexico), Applic<strong>at</strong>ion Potential, Price<br />
Trends, Competitive <strong>Market</strong> Share & Forecast, <strong>2016</strong> – <strong>2024</strong>” in detail along with<br />
the table of contents:<br />
https://www.gminsights.com/industry-analysis/augmented-reality-ar-market<br />
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Key Insights of <strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong>:<br />
:<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Commercializ<strong>at</strong>ion of devices such as HMDs and smart glasses by companies<br />
including Microsoft and Sony will fuel augmented reality market <strong>grow</strong>th.<br />
Increasing enterprise focus <strong>to</strong> improve the quality of processors and sensors<br />
deployed in AR devices is also set <strong>to</strong> positively impact revenue.<br />
Software segment of augmented reality market will benefit <strong>from</strong> the escal<strong>at</strong>ing<br />
demand for software apps for various applic<strong>at</strong>ions such as gaming,<br />
entertainment, and retail sec<strong>to</strong>rs.<br />
Head-mounted displays will account for <strong>over</strong> 50% of the augmented reality<br />
market <strong>share</strong> by <strong>2024</strong>, mainly due <strong>to</strong> the rising demand in various applic<strong>at</strong>ions<br />
such as medicine, military, scientific visualiz<strong>at</strong>ion, educ<strong>at</strong>ion, manufacturing,<br />
training, navig<strong>at</strong>ion, and entertainment. In addition, fac<strong>to</strong>rs such as enhanced<br />
user-experience, improved content connectivity and enhanced Field of View<br />
(FOV) are <strong>forecast</strong> <strong>to</strong> contribute <strong>to</strong> the <strong>grow</strong>ing augmented reality market size.<br />
Au<strong>to</strong>motive applic<strong>at</strong>ions for augmented reality market are expected <strong>to</strong> <strong>grow</strong> <strong>at</strong><br />
<strong>over</strong> 80% <strong>CAGR</strong> <strong>from</strong> <strong>2016</strong> <strong>to</strong> <strong>2024</strong> owing <strong>to</strong> the increasing technology<br />
implement<strong>at</strong>ion in vehicles. Volkswagen uses sp<strong>at</strong>ial AR <strong>to</strong> project d<strong>at</strong>a on<br />
vehicle design models and analyze components, which saves time and cost.<br />
China augmented reality market is anticip<strong>at</strong>ed <strong>to</strong> observe substantial <strong>grow</strong>th <strong>over</strong><br />
the future due <strong>to</strong> increasing investments in the manufacturing oper<strong>at</strong>ions <strong>to</strong><br />
develop advanced devices such as smart glasses. Rising penetr<strong>at</strong>ion of mobile<br />
augmented reality market is expected <strong>to</strong> contribute <strong>to</strong> the <strong>over</strong>all <strong>grow</strong>th. A<br />
significant number of AR apps are making inroads in the regional industry,<br />
cre<strong>at</strong>ing a huge demand for advanced software.<br />
Companies accounting for augmented reality market <strong>share</strong> include Blippar, Magic<br />
Leap, Microsoft, Sony, Google, Total Immersion, Daqri LLC, Apple, ODG,<br />
Wikitude, etc. Technology providers are exploring opportunities in the industry<br />
and developing several pl<strong>at</strong>forms for au<strong>to</strong>motive, medical and industrial<br />
applic<strong>at</strong>ions.<br />
Companies with significant investments and experience in the enterprise AR<br />
market space are becoming more <strong>at</strong>tractive. For instance, Diotasoft now called<br />
“Diota”, a French technology provider with several enterprise cus<strong>to</strong>mers including<br />
Groupe PSA, Renault, Dassault Avi<strong>at</strong>ion and Total announced a rebranding and<br />
launched a new pl<strong>at</strong>form for enterprise augmented reality market.<br />
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Segment<strong>at</strong>ion of <strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong>:<br />
(AR) <strong>Augmented</strong> reality market research report includes in-depth c<strong>over</strong>age of the<br />
industry with estim<strong>at</strong>es & <strong>forecast</strong> in terms of revenue in USD million <strong>from</strong> 2014 <strong>to</strong><br />
<strong>2024</strong>, for the following segments:<br />
<strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong> by component<br />
Hardware<br />
Software<br />
<strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong> by display device<br />
Head-mounted display<br />
Head-up display<br />
Smart glass<br />
<strong>Augmented</strong> <strong>Reality</strong> <strong>Market</strong> by applic<strong>at</strong>ion<br />
Au<strong>to</strong>motive<br />
Medical<br />
Aerospace & defense<br />
Gaming<br />
Retail<br />
Industrial<br />
Others<br />
The above inform<strong>at</strong>ion is provided for augmented reality market on a regional and<br />
country basis for the following:<br />
North America<br />
o U.S.<br />
o Canada<br />
Europe<br />
o UK<br />
o Germany<br />
o France<br />
o Italy<br />
o Russia<br />
Asia Pacific<br />
o China<br />
o India<br />
o Japan<br />
o South Korea<br />
o Taiwan<br />
L<strong>at</strong>in America<br />
o Brazil<br />
o Mexico<br />
MEA<br />
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About Global <strong>Market</strong> Insights<br />
Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market<br />
research and consulting service provider; offering syndic<strong>at</strong>ed and cus<strong>to</strong>m research<br />
reports along with <strong>grow</strong>th consulting services. Our business intelligence and industry<br />
research reports offer clients with penetr<strong>at</strong>ive insights and actionable market d<strong>at</strong>a<br />
specially designed and presented <strong>to</strong> aid str<strong>at</strong>egic decision making. These exhaustive<br />
reports are designed via a proprietary research methodology and are available for<br />
key industries such as chemicals, advanced m<strong>at</strong>erials, technology, renewable<br />
energy and biotechnology.<br />
Contact Us:<br />
Arun Hegde<br />
Corpor<strong>at</strong>e Sales, USA<br />
Global <strong>Market</strong> Insights, Inc.<br />
Phone: 1-302-846-7766<br />
Toll Free: 1-888-689-0688<br />
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