The augmented reality market is predicted to reach USD 125.32 billion by 2026, exhibiting a CAGR of 48.6% during the forecast period. The growing application of AR in various industries for monitoring and training purposes will bolster the healthy growth of the market during the forecast period. AR can enhance the effectiveness of training, especially for complicated or rare tasks, besides reducing the overall cost. Therefore, organizations around the world are utilizing AR to educate and train employees with its immersive solutions, and interactive training environment. For instance, the US Department of Agriculture’s (USDA’s) Food Safety and Inspection Service (FSIS) have started the implementation of digital reality, which includes AR and VR for training programs.
According to the report, published by Fortune Business Insights, titled “Augmented Reality (AR) Market Size, Share & Industry Analysis, By Component (Product, Software, Maintenance & Support Services), By Device Type (Handheld Devices, Stationary AR Systems, Head-mounted Displays (HMDs), Smart Glasses, and Others), By Industry (Gaming, Media and Entertainment, Education, Healthcare and Medical Devices, Retail, Logistics, Manufacturing and Engineering, and Others) and Regional Forecast, 2019-2026” the market size stood at USD 5.40 billion in 2018.
To Gain More Insights into the Augmented Reality Market, Browse Summary of the Research Report: https://www.fortunebusinessinsights.com/augmented-reality-ar-market-102553
The report is fixed at delivering a comprehensive description of the augmented reality (AR) market dynamics and structure by identifying and providing information regarding the key market segments. It also focuses on an all-encompassing analysis of leading market players by financial position, product, product portfolio, price, growth strategies, and regional presence. It offers PORTER’s analysis and SWOT analysis to record the question of shareholders and highlights the investment potential in the upcoming future. It also showcases what procedures and strategies; companies are currently implementing in the market. It further examines the ways and components convincing diesel generator market expansion, growth patterns, restricting factors, and market strategies.
The Report Lists the companies in the Augmented Reality Market
- Alphabet, Inc. (Google LLC)
- Microsoft Corporation
- Apple, Inc.
- Samsung Electronics Co. Ltd.
- Daqri LLC
- Vuzix Corporation
- Facebook, Inc.
Request a Sample Copy for more detailed Augmented Reality Market Overview: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/augmented-reality-ar-market-102553
Government Initiatives to Aid Growth in North America
North America generated a revenue of USD 2.12 billion in 2018 and is predicted to remain dominant during the forecast period owing to the presence of various companies such as Google LLC, Facebook, Inc., and Apple, Inc. Furthermore, the rising R&D investment in the development of the augmented reality in the U.S. The implementation of various government initiatives and startups for advanced AR technology will create new opportunities for the AR/VR market trends in North America. Asia Pacific is predicted to grow rapidly in the forthcoming years owing to the presence of leading market players such as Samsung Electronics, PTC, Inc., and Sony Corporation. Additionally, the growing sales of smartphones in China and India will facilitate growth in the region.
Major Table of Content for Augmented Reality Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Augmented Reality Market Analysis, Insights and Forecast, 2015-2026
- North America Augmented Reality Market Analysis, Insights and Forecast, 2015-2026
- Europe Augmented Reality Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Augmented Reality Market Analysis, Insights and Forecast, 2015-2026
- Middle East and Africa Augmented Reality Market Analysis, Insights and Forecast, 2015-2026
- Latin America Augmented Reality Market Analysis, Insights and Forecast, 2015-2026
- Competition Matrix
- Global Augmented Reality Market Revenue Share Analysis, 2018
- Company Profiles (Covered for Top 10 Players)
Purchase Full Report for Exclusive Augmented Reality Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102553
Other Exclusive Reports:
Video Surveillance Market to Exhibit 6.8% CAGR till 2026; Integration of Analytics in Network Cameras to Augment Growth
Cloud Analytics Market to Rise at 24.3% CAGR till 2026; Increasing Investment in Development of Efficient Cloud Platforms Will Aid Growth
Smart Building Market to Exhibit a CAGR of 12.6%; Increasing Smart City Projects to Aid Market Expansion
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
Name: Ashwin Arora
Email: [email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245