Scope of the Study
The global augmented reality products & solutions market is expected to grow at a significant pace during the forecast period, according to the AMA study. The rising number of investments in AR technology across the world, and the growing demand from the sectors such as manufacturing, healthcare, and aerospace & defense are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (AR glasses (Smartglasses), Smartphone augmented reality (mobile AR) and Tethered AR headsets), by Application (Head-Mounted, Head-Up and Others) and major geographies with country level break-up.
Google, Inc. (United States), PTC, Inc. (United States), Apple Inc. (United States), Microsoft Corporation (United States), Seiko Epson (Japan), Lenovo (China), Wikitude GmbH (Austria), Vuzix (United States), Daqri LLC (United States), Magic Leap, Inc.(United States), Zugara, Inc.(United States) and Blippar (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Maxst (South Korea), Atheer, Inc. (United States), Inglobe Technologies (Italy), Meta Company (United States), Sixense Entertainment (United States), Intel Corporation (United States), Infinity Augmented Reality, Inc. (Israel), Samsung Electronics (South Korea), Realwear (United States), Optinvent (France), WayRay (Switzerland), Scope AR (United States), Continental AG (Germany) and EON Reality (United States).
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Augmented Reality Products & Solutions market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Augmented Reality Products & Solutions market by Type, Application and Region.
On the basis of geography, the market of Augmented Reality Products & Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Number of Investments in Augmented Reality Technology Globally
- Growing Demand from Retail & E-Commerce Sector Owing to the Factors such as Growing Demand for Organised Warehouses
- Increasing Demand from the Sectors such as Manufacturing, Automotive, and Aerospace & Defense
- Rising Adoption in Defense & Government Sector Propelled by Rise in Military Expenditure
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis & Ongoing Developments have been Stopped Across the World for an Ambiguous Period of Time
- Opportunities in the Asia Pacific Region
- Industry 4.0 is One of the Major Factor Expected to Create Opportunities for the Vendors During the Forecast Period
- Security and Privacy Issues Associated With Augmented Reality
- Issues During Reconfiguration of Applications for Different Platforms
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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