Augmented Reality Market size to expect a massive growth of 65% to 2024

Players in the augmented reality market include Blippar, Google, Upskill, Daqri, Magic Leap, PTC, Facebook, Samsung Electronics, Apple, HTC, Qualcomm, and Microsoft.

Selbyville, Delaware, USA - June 12, 2019 /MarketersMedia/ —

The size of augmented reality market is set to surpass a valuation of USD 50 billion by 2024. The technology has witnessed a high demand owing to the rising applications in the retail and E-commerce sector. Retail shops are integrating augmented reality in their products for better customer experience by enabling them to try on their products using the technologies to save customers’ time.

Increasing usage of advanced technologies in the healthcare and automotive sector is projected to push the demand for the augmented reality market size. DAQRI has enabled a smart heads-up display for automobiles, which uses the technology to represent vital navigation data, fuel consumption, and current speed data on to the windscreen of the automobiles. The technology is being developed for the healthcare sector to depict the image of a certain person’s bones, such as Femur and Radius-Ulna, into the reality using the AR.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/695

The development of the software components such as software solutions and cloud services has resulted in a high demand for the augmented reality market. Software development has resulted in the development of head-mounted displays that have six degrees of freedom, resulting in free head movement. Smart glasses segment is projected to show a consistent growth over the forecast time span owing to a diverse range of applications performed in the healthcare industry. Innovations in hardware products, such as contact lenses equipped with AR processors, are projected to advance the growth of the augmented reality market size.
China, India, and Japan are expected show a high growth in the augmented reality market owing to increased investments in AR devices and software. The high penetration of smartphones in the region has resulted in a high demand for applications using AR. Increasing adoption of AR in the automotive industry and retail industry is anticipated to drive the demand for the market in the U.S. and European regions including Germany and the UK.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/695

Growing penetration of the technology in travel and tourism industry is expected to propel the augmented reality market growth. Several applications that leverage the technology are being developed to guide tourists in foreign countries. For instance, google developed Word Lens, which is now a part of Google Translate. The app translates text to user’s language when aimed at a foreign sign. Yelp has developed Yelp Monocle, an AR feature that gives information to the user on local establishments on pointing the smartphone at a location.

Players in the augmented reality market include Blippar, Google, Inc., Upskill, Daqri, Magic Leap, PTC, Facebook, Inc., Samsung Electronics Co., Ltd., Apple, Inc., HTC Corporation, Qualcomm, and Microsoft Corporation. Strategies implemented by the players include mergers and acquisitions of smaller players and start-ups to gain a lead in the Market.

Browse key industry insights spread across 242 pages with 353 market data tables & 32 figures & charts from the report, “Augmented Reality Market Size By Component (Hardware [Smart Glasses, Head-Mounted Display (HMD), Head-Up Display (HUD)], Software), By Application (Medical, Automotive, Aerospace & Defense, Gaming, Retail, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Taiwan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/augmented-reality-ar-market

Table of Contents (ToC) of the report:
Chapter 3 Augmented Reality Market Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 - 2024
3.3 Industry ecosystem analysis
3.4 Capital Investment
3.5 Notable Mergers & Acquisitions in the AR market
3.6 Technology & innovation landscape
3.6.1 Augmented Reality Earbuds
3.6.2 Smart Glasses for Blind People
3.6.3 Augmented Reality Helmet
3.7 Regulatory landscape
3.7.1 Digital Millennium Copyright Act (DMCA)
3.7.1 Communications Decency Act (CDA)
3.7.2 Child Online Protection Act (COPA)
3.7.3 Federal Trade Commission (FTC)
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Emerging AR applications across e-commerce and retail
3.8.1.2 Increasing investments in the AR technology
3.8.1.3 Rising demand in medical and automotive industry
3.8.1.4 Increasing adoption of AR enabled smart glasses
3.8.2 Industry pitfalls and challenges
3.8.2.1 Privacy concerns pertaining to the AR technology
3.8.2.2 Financial constraints and complexity
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape, 2016
3.11.1 Strategic landscape
3.12 PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/augmented-reality-ar-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/augmented-reality-ar-market

Source URL: https://marketersmedia.com/augmented-reality-market-size-to-expect-a-massive-growth-of-65-to-2024/523316

Source: MarketersMedia

Release ID: 523316

More News From digitalpressnetwork.com

Trump, Finland's president to meet at White House in October

Sep 18, 2019

WASHINGTON — President Donald Trump and Finnish President Sauli Niinisto will mark 100 years of diplomatic relations between their countries at the White House next month. The White House says the Oct. 2 meeting will focus on furthering cooperation between the U.S. and Finland, including promoting European and Arctic security. The meeting is taking place during the 100th anniversary of the establishment of diplomatic relations between the two nations. Finland hosted Trump and Russian President Vladimir Putin for a summit in Helsinki in July 2018.

Bangladesh's leading cellphone companies in legal tussle

Sep 18, 2019

DHAKA, Bangladesh — Bangladesh's two leading cellphone companies are negotiating with a regulator over claims of about $1.5 billion in unpaid taxes as they face a possible loss of their licenses amid a legal battle that could hurt investor confidence. The Bangladesh Telecommunication Regulatory Commission has asked Grameenphone, a subsidiary of Norwegian telecom giant Telenor, and Robi, an entity majority-owned by Malaysia's Axiata Group Berhad, to pay $1.52 billion for evading spectrum fees, value-added taxes and revenue since December 2014. The two companies say the audits by the commission are flawed. On Wednesday, Grameenphone officials met with Finance Minister A.H.M....

Iran suspended from world judo over Israel boycott policy

Sep 18, 2019

LAUSANNE, Switzerland — Iran has been suspended from international judo competitions because it boycotts bouts with Israeli athletes. Less than a month after world champion Saeid Mollaei walked off the Iranian team in protest at the boycott policy, the International Judo Federation (IJF) said Wednesday that Iran is suspended ahead of a full hearing. Iran's judo federation is accused of discriminating against Israeli athletes and breaking rules over manipulating competition results. "The IJF Executive Committee considered that such a conduct is intolerable," the federation said. Mollaei has said he was repeatedly ordered by Iranian officials to lose matches or withdraw...

Bermuda gets ready for pass by Category 3 Hurricane Humberto

Sep 18, 2019

MIAMI — Bermuda's government called up troops and urged people on the British Atlantic island to make final preparations for an expected close brush Wednesday with Hurricane Humberto, a powerful Category 3 storm. Authorities ordered early closings of schools, transportation and government offices. Gov. John Rankin called up 120 members of the Royal Bermuda Regiment to prepare for possible storm recovery efforts and National Security Minister Wayne Caines said schools, government offices and ferries on the island would close at noon and bus service would halt at 4 p.m. Officials expected tropical storm-force winds to begin whipping at Bermuda in...

Oil price drops on hopes for quick recovery of Saudi output

Sep 18, 2019

LONDON — The price of oil is falling back further after the Saudi government said half of production that was knocked out by an attack over the weekend had already had been restored. Benchmark U.S. crude was down 42 cents to $58.92 per barrel in electronic trading Wednesday. The contract fell $3.56 on Tuesday. Brent crude, the international benchmark, fell 27 cents to $64.28 per barrel in London, having dropped $4.47 the previous session. The attack on oil producer Saudi Aramco's processing facility in Abqaiq saw crude surge more than 14% on Monday, about as much as it did when...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH