USD 108.57 bn Growth in Augmented Reality (AR) Market | Increasing investments in AR technology to Drive Growth | Technavio
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The augmented reality (AR) market is set to grow by USD 108.57 bn, progressing at a CAGR of over 31.60% from 2020 to 2025. The report offers an updated analysis of the present market scenario, the latest trends and drivers, and the overall market environment.
Read our Sample Report to explore growth opportunities in the augmented reality (AR) market.
The augmented reality (AR) market is fragmented, and the degree of fragmentation is expected to accelerate during the forecast period. However, to make use of the current opportunities, market vendors should strengthen their position in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report also covers the following areas:
Augmented Reality (AR) Market 2021-2025: Segmentation
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Augmented Reality (AR) Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the augmented reality (AR) market include Alphabet Inc., Dynabook Inc., Facebook Inc., Microsoft Corp., PTC Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., Upskill, Vuzix Corp., and Zugara Inc. Backed with competitive intelligence and benchmarking, our research reports on the augmented reality (AR) market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
The increasing investments in AR technology, rising demand from various application segments, and increasing adoption of AR-enabled smart glasses will offer immense growth opportunities. However, privacy concerns over AR technology will hamper the market growth.
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Augmented Reality (AR) Market 2021-2025: Regional Analysis
Technavio offers an updated analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. According to our analysis, 35% of the market's growth is expected to originate from APAC during the forecast period. China and Japan are the key countries for the augmented reality (AR) market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The rising demand from various application segments will drive the augmented reality (AR) market growth in APAC over the forecast period.
Augmented Reality (AR) Market 2021-2025: Key Highlights
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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