The Worldwide Augmented Reality Industry is Expected to Reach $66 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Aug 29, 2022–

The Global Augmented Reality Market size was estimated at USD 17.99 billion in 2021, USD 22.30 billion in 2022, and is projected to grow at a CAGR 24.23% to reach USD 66.15 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Augmented Reality Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Augmented Reality Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Augmented Reality Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Augmented Reality Market?

4. What is the competitive strategic window for opportunities in the Global Augmented Reality Market?

5. What are the technology trends and regulatory frameworks in the Global Augmented Reality Market?

6. What is the market share of the leading vendors in the Global Augmented Reality Market?

7. What modes and strategic moves are considered suitable for entering the Global Augmented Reality Market?

Growing adoption of augmented reality AR technology in the healthcare sector
Rising demand for AR in retail and e-commerce sectors
Increasing investment in augmented reality

Security and privacy issues associated with AR

Continuous collaboration of telecom players and AR manufacturers to expand and accelerate AR
Surge in adoption of AR technology by travel & tourism and education sectors