Product ID: SQMIG45J2039
Report ID:
SQMIG45J2039 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
Augmented Reality (AR) Market was valued at USD 31.97 Billion in 2019 and is expected to grow from USD 42.04 Billion in 2023 to reach USD 375.90 Billion by 2031, at a CAGR of 31.5% during the forecast period (2024-2031).
The Augmented Reality (AR) Market now occupies its growing position in the technology sector, introducing digital enhancements into the real world to improve users experiences as well as operations of different industries. AR devices impose digital information into real world setting, which can be photos, videos, or three-dimensional figures. This is how users discover their own setting for the reality. The market now has the most intense growth among all industries, because of several factors and provided the enterprise and the consumer with both opportunities and challenges at the same time. The main goal of AR industry is to change the sensation of the individuals in the way of how they engage with the digital content and information in real life settings. The fact is that AR, especially when it comes to the gaming world, enables remote health services, and develops virtual reality further, aims at creating a world where digital and physical interact. Furthermore, there is an enormous scope available with the implementation of AR in Education, Training, Marketing, and as entertainment, where the opportunity for users to create and become more involved is increasing.
The technologies that provide this kind of visual spectacle fall under the same general category as augmented reality, meaning that either natural environments are visually changed in a certain manner, or users get some additional information about what they are seeing. The main advantage of AR is that it works as an interactive medium where all the 2D and 3D components of digital reality connect to a person's perception of the real world. VR is a tool of choice for different purposes ranging from directing to entertainment.
AR provides lip moving, sound and other sensora information in a fashion that can be targeted to a device like a smart phone or glasses. This data is processed by the device for it to create a weave of the real world and the digital one where the real-world user directly perceives the changes. Additionally, the name can be explained, and "green" background or components of the real world, respectively, can be used.
US Augmented Reality Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONThe global augmented reality market is expected to grow at a compound annual growth rate of 40.9% from 2022 to 2030 to reach USD 597.54 billion by 2030.
Smart glasses are expected to grow at the highest CAGR in the augmented reality market.
Augmented Reality (AR) Market was valued at USD 31.97 Billion in 2019 and is expected to grow from USD 42.04 Billion in 2023 to reach USD 375.90 Billion by 2031, at a CAGR of 31.5% during the forecast period (2024-2031).
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Product ID: SQMIG45J2039