Product ID: SQMIG45J2039
Global Augmented Reality Market Size, Share, Growth Analysis, By Type(AR based on markers, AR without markers (Location-based AR), By Device Type(Head up displays (HUD), Helmet mounted displays (HMD)), By Application(Healthcare, Education), By Component(Hardware, Software) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2039 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
Global Augmented Reality Market Dynamics
Augmented Reality Market Driver
Rising investments in AR
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The AR market has grown exponentially with the dramatic rise of investments on it during the recent years. The Facebook Corporation, Intel Corporation, Qualcomm, Inc., Alphabet, Inc., Comcast Ventures, Samsung Group, are among a list of companies who are pumping in a lot of money, in the augmented reality sector. Besides, the market is flooding with research institutes which are involved in the research of the AR application market for different products and applications. Besides that, research institutes are being funded by private firms and venture capitalists, and some governments are funding some. Industries that include consumer, aerospace and defense, healthcare, enterprises, retail, and marketing are among the user base of AR.
Increasing Adoption of AR Technology in the Healthcare Industry
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Hospitals and other medical care setups are rapidly seeing the use of immersive modalities to aid healthcare professionals. The technology gives a realistic and a better experience with the environment which helps in doing real and better tasks. The beginning was difficult, the amount of information was small, the organ surgeries were complex and physically exhausting. Unlike in the past, current-day surgeons can now rely on AR to alleviate the little number of risks involved, thereby, resulting in fewer errors and accordingly unsafe surgeries. Analogous to that, the technology features the potential for engaging and interactive medical learning where the applied and hands-on knowledge is key. For instance, the startling announcement was made by Immersive Touch, an AR-oriented medical technology firm, about co-operation with the Mayo Clinics to provide Holo-X-Ray view of the anatomy of their patients' X-rays to aid surgeons. By providing a joining force, modern augmented reality systems both noninvasively help surgeons and enhance the surgical efficiency of orthopaedic procedures.
Restraints
Health issues associated with excessive usage of AR
- Being people one of the most representatives of young population, gamers will reportedly have increased AR-related health problems due to the advancement of new gaming devices, technologies and so on. The interactive AR games can very well put the user under the powerful wile of the game for many hours and ailments such as anxiety, eye strain, obesity, and poor concentration may surface. In terms of AR technology, you immerse yourself completely and excessively in that reality for extended periods of time, which could have negative effects such as anxiety and stress.
Adoption due to hardware limitations and infrastructure requirements:
- While AR technology provides possibility of practical application across diverse sectors of sectors gaming, healthcare, education and retail, the capability of compatible devices with such computing power that can detect, and process signals becomes a problem. Not only it but also ensuring a smooth integration of AR with the companies' and organizations' data- and network-infrastructure, which can create obstacles for firms and organizations intending to apply AR technologies, similarly present challenges. To break the barrier would require a huge investment in research, development, and structure, also the issues of privacy, safety and usability must be resolved.
Global Augmented Reality Market Report Snapshots
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