Global Augmented Reality Products & Solutions Market Overview:
The global augmented reality products & solutions market is expected to grow at a significant pace during the forecast period, according to the AMA study. The rising number of investments in AR technology across the world, and the growing demand from the sectors such as manufacturing, healthcare, and aerospace & defense are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Adoption in Defense & Government Sector Propelled by Rise in Military Expenditure
Market Growth Drivers:
Rising Number of Investments in Augmented Reality Technology Globally, Growing Demand from Retail & E-Commerce Sector Owing to the Factors such as Growing Demand for Organised Warehouses and Increasing Demand from the Sectors such as Manufacturing, Automotive, and Aerospace & Defense
Challenges:
Security and Privacy Issues Associated With Augmented Reality and Issues During Reconfiguration of Applications for Different Platforms
Restraints:
The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis & Ongoing Developments have been Stopped Across the World for an Ambiguous Period of Time
Opportunities:
Opportunities in the Asia Pacific Region and Industry 4.0 is One of the Major Factor Expected to Create Opportunities for the Vendors During the Forecast Period
Competitive Landscape:
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Google, Inc. (United States), PTC, Inc. (United States), Apple Inc. (United States), Microsoft Corporation (United States), Seiko Epson (Japan), Lenovo (China), Wikitude GmbH (Austria), Vuzix (United States), Daqri LLC (United States), Magic Leap, Inc.(United States), Zugara, Inc.(United States) and Blippar (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Maxst (South Korea), Atheer, Inc. (United States), Inglobe Technologies (Italy), Meta Company (United States), Sixense Entertainment (United States), Intel Corporation (United States), Infinity Augmented Reality, Inc. (Israel), Samsung Electronics (South Korea), Realwear (United States), Optinvent (France), WayRay (Switzerland), Scope AR (United States), Continental AG (Germany) and EON Reality (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Augmented Reality Products & Solutions market by 2028. Considering Market by Industry Verticals, the sub-segment i.e. Aerospace & Defense will boost the Augmented Reality Products & Solutions market. Considering Market by Technology, the sub-segment i.e. Monitor-Based Technology will boost the Augmented Reality Products & Solutions market. Considering Market by Component, the sub-segment i.e. Hardware {Sensor, Displays & Projectors, Cameras, Others} will boost the Augmented Reality Products & Solutions market.
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
What Can be Explored with the Augmented Reality Products & Solutions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Augmented Reality Products & Solutions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Augmented Reality Products & Solutions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Augmented Reality Products & Solutions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Augmented Reality Products & Solutions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.