The augmented reality market size exceeded $1 billion in 2016 and is expected to grow at a large CAGR of over 65% from 2019 to 2025. Worldwide industrial shipments were over 100,000 units in 2016.
Increasing smartphone penetration in developing countries is expected to grow the market over the next few years. In 2018, the number of smartphone users in India exceeded 335 million, and China reached 710 million. With the increasing use of these devices, businesses are encouraging the development of advanced applications for users. For example, in June 2019 Vivo Communication Technology Co. Ltd. announced the launch of a 5G smartphone with a dual-screen display and AR Glass that supports 6DoF (Six Degrees of Freedom) technology. Smartphones include several applications such as mobile office, AR gaming, 3D high-definition video, facial recognition and object recognition. Similarly, in February 2019, Google LLC released the latest version of the AR Core kit for AR applications compatible with Samsung Galaxy S9, OnePlus 3T and Moto G5S Plus devices.
Augmented Reality Market: Segmentation
By Application
• Consumer
• Enterprise
By Organization Size
• Large Enterprises
• Small- & Medium-sized Enterprises
By Industry Vertical
• Gaming
• Entertainment & Media
• Aerospace & Defense
• Healthcare
• Education
• Manufacturing
• Retail
• Others
A full report of Augmented Reality Market is available at: https://www.orionmarketreports.com/augmented-reality-ar-market/23051/
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
