Augmented Reality Market size to expect a massive growth of 65% to 2024

Players in the augmented reality market include Blippar, Google, Upskill, Daqri, Magic Leap, PTC, Facebook, Samsung Electronics, Apple, HTC, Qualcomm, and Microsoft.

Selbyville, Delaware, USA - June 12, 2019 /MarketersMedia/ —

The size of augmented reality market is set to surpass a valuation of USD 50 billion by 2024. The technology has witnessed a high demand owing to the rising applications in the retail and E-commerce sector. Retail shops are integrating augmented reality in their products for better customer experience by enabling them to try on their products using the technologies to save customers’ time.

Increasing usage of advanced technologies in the healthcare and automotive sector is projected to push the demand for the augmented reality market size. DAQRI has enabled a smart heads-up display for automobiles, which uses the technology to represent vital navigation data, fuel consumption, and current speed data on to the windscreen of the automobiles. The technology is being developed for the healthcare sector to depict the image of a certain person’s bones, such as Femur and Radius-Ulna, into the reality using the AR.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/695

The development of the software components such as software solutions and cloud services has resulted in a high demand for the augmented reality market. Software development has resulted in the development of head-mounted displays that have six degrees of freedom, resulting in free head movement. Smart glasses segment is projected to show a consistent growth over the forecast time span owing to a diverse range of applications performed in the healthcare industry. Innovations in hardware products, such as contact lenses equipped with AR processors, are projected to advance the growth of the augmented reality market size.
China, India, and Japan are expected show a high growth in the augmented reality market owing to increased investments in AR devices and software. The high penetration of smartphones in the region has resulted in a high demand for applications using AR. Increasing adoption of AR in the automotive industry and retail industry is anticipated to drive the demand for the market in the U.S. and European regions including Germany and the UK.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/695

Growing penetration of the technology in travel and tourism industry is expected to propel the augmented reality market growth. Several applications that leverage the technology are being developed to guide tourists in foreign countries. For instance, google developed Word Lens, which is now a part of Google Translate. The app translates text to user’s language when aimed at a foreign sign. Yelp has developed Yelp Monocle, an AR feature that gives information to the user on local establishments on pointing the smartphone at a location.

Players in the augmented reality market include Blippar, Google, Inc., Upskill, Daqri, Magic Leap, PTC, Facebook, Inc., Samsung Electronics Co., Ltd., Apple, Inc., HTC Corporation, Qualcomm, and Microsoft Corporation. Strategies implemented by the players include mergers and acquisitions of smaller players and start-ups to gain a lead in the Market.

Browse key industry insights spread across 242 pages with 353 market data tables & 32 figures & charts from the report, “Augmented Reality Market Size By Component (Hardware [Smart Glasses, Head-Mounted Display (HMD), Head-Up Display (HUD)], Software), By Application (Medical, Automotive, Aerospace & Defense, Gaming, Retail, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Taiwan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/augmented-reality-ar-market

Table of Contents (ToC) of the report:
Chapter 3 Augmented Reality Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2024
3.3 Industry ecosystem analysis
3.4 Capital Investment
3.5 Notable Mergers & Acquisitions in the AR market
3.6 Technology & innovation landscape
3.6.1 Augmented Reality Earbuds
3.6.2 Smart Glasses for Blind People
3.6.3 Augmented Reality Helmet
3.7 Regulatory landscape
3.7.1 Digital Millennium Copyright Act (DMCA)
3.7.1 Communications Decency Act (CDA)
3.7.2 Child Online Protection Act (COPA)
3.7.3 Federal Trade Commission (FTC)
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Emerging AR applications across e-commerce and retail
3.8.1.2 Increasing investments in the AR technology
3.8.1.3 Rising demand in medical and automotive industry
3.8.1.4 Increasing adoption of AR enabled smart glasses
3.8.2 Industry pitfalls and challenges
3.8.2.1 Privacy concerns pertaining to the AR technology
3.8.2.2 Financial constraints and complexity
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape, 2016
3.11.1 Strategic landscape
3.12 PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/augmented-reality-ar-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/augmented-reality-ar-market

Source URL: https://marketersmedia.com/augmented-reality-market-size-to-expect-a-massive-growth-of-65-to-2024/523316

Source: MarketersMedia

Release ID: 523316

Latest News

How do you teach kids about texting? Bring in the teenagers

Jun 18, 2019

ESSEN, Germany — How do you teach tech-savvy kids to safely navigate the digital world? In Germany, you bring in the teenagers. On a recent day, 18-year-old Chantal Hueben stood in front of a group of fifth-graders and asked them to brainstorm about the messaging program Whatsapp, which most are using to participate in a group chat for their class. They spoke about themes like cyberbullying and what material is OK to post. "Many are not really aware yet of the impact their messages can have on others," says Hueben, dressed all in black except for white sneakers. "We're teaching...

Apple previews new software as it diversifies beyond iPhones

Jun 18, 2019

SAN JOSE, Calif. — Apple, beset by falling iPhone sales, announced upcoming changes to its phone and computer software intended to highlight its new digital services and to further position it as a defender of personal privacy. The revisions previewed Monday during a conference in San Jose, California, included a new feature that will let people log into apps and other services with an Apple ID instead of relying on similar sign-in options from Facebook and Google — two companies that mine data to sell advertising. Apple said it won't collect tracking information about users from that service. As part...

Virtual reality helps police learn to interact with autistic

Jun 18, 2019

WASHINGTON — An autistic man walks out of a store without paying for a toy he picked up. He's followed by a storekeeper demanding he come back inside. The situation quickly escalates, and police are called. Officers arrive, their patrol car's lights flashing and sirens blaring, to find the man in the parking lot, yelling and not responding to their commands. They have a choice: confront the man and risk having the situation turn violent or regroup to figure out a different approach. The scenario is part of a virtual reality simulation for police that's being developed by Axon —...

Anti-groping smartphone app highly popular in Japan

Jun 18, 2019

TOKYO — A smartphone app developed by Japanese police is being widely downloaded by women trying to protect themselves from gropers on packed rush-hour trains. The "Digi Police" app was originally issued by Tokyo police three years ago, but a function to scare off molesters was only added a few months ago. Since then, the app has reportedly been downloaded hundreds of thousands of times — unusual for a government-developed mobile application. Women in crowded trains and other public places in Japan often face sexual harassment, but are typically too afraid to call out for help. With the app, victims...

Nonprofits turn to cryptocurrency to help needy Venezuelans

Jun 18, 2019

BARQUISIMETO, Venezuela — Andreina Cordero started the year skipping meals so her three kids could eat. Her husband, a construction worker, was out of a job. And the family's savings had been devastated by the nation's hyperinflation, limiting Cordero's children to a diet of rice, beans, pasta and fried corn patties. But the family got a break from their daily struggle to feed themselves this spring when a social worker enrolled them in a program run by a Silicon Valley startup that is donating cryptocurrency to hundreds of Venezuelan families. Every week from February to April, Cordero received a deposit...

About Us

Science Thread delivers quality and fascinating science and technology content that matters on a daily basis and makes it go viral.

Contact us: sales@sciencethread.com