According to the new report "Augmented Reality and Virtual Reality Market
by Device Type (HMD, HUD, Handheld Device, Gesture Tracking, Projector
and Display Wall), Component (Sensor, Display, Camera, and Software),
Vertical, and Geography - Global Forecast to 2022", the global
augmented reality market is expected to reach USD 117.40 Billion by
2022, at a CAGR of 75.72% between 2016 and 2022.
The augmented reality
market would increase dynamically in the near future owing to the high
penetration of HMDs in the market. The global virtual reality market is
expected to reach USD 33.90 Billion by 2022, at a CAGR of 57.84%
between 2016 and 2022. The increasing demand for AR and VR
technology-based products in various verticals such as consumer,
aerospace & defense, commercial, and medical is responsible for the
market growth.
Browse 156 market data Tables and 74 Figures spread through 256 Pages and in-depth TOC on "Augmented Reality and Virtual Reality Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/augmented-reality-virtual-reality-market-1185.html
Early buyers will receive 10% customization on report.
Increasing demand for HMDs enabled with
augmented reality and virtual reality in medical and commercial
verticals would propel the market growth
Augmented reality technology-based HMDs have a large
application in medical and commercial verticals that would drive the
market. In the medical vertical, they are used in training with the help
of 3D models and in surgeries. They also are used in marketing, retail,
and advertising in the commercial vertical.
Software components held the largest market share in 2015 and are expected to exhibit highest growth during the forecast period
The augmented reality and virtual reality market
based on technology comprises hardware components and software
components. The software component includes software solutions, software
developer kits, and cloud services that are implemented in several
hardware devices. The augmented reality and virtual reality market for
the software component is expected to grow at the highest CAGR between
2016 and 2022 owing to the high demand of software apps for gaming and
other applications.
APAC is expected to witness high growth during the forecast period and hold the largest market share
The APAC region is the fastest-growing market because
of the growing consumer market in countries such as China, Japan, South
Korea, and others. There are many startups in APAC; considering the
growing demand for AARVR in various verticals, many established
companies in the North American are investing in this region through
strategic partnerships and collaborations with new players. They also
aim at providing the necessary infrastructure to encourage the adoption
of the technology in the market.
The market is dominated by major players such as Google Inc. (U.S.), Metaio GmbH (Germany), Infinity Augmented Reality Inc. Oculus VR, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Eon Reality, Inc. (U.S.), Vuzix Corporation (U.S.), CyberGlove Systems Inc. (U.S.), Microsoft Corporation (U.S.), and others.
The report describes market trends and drivers &
challenges for the growth of the global augmented reality and virtual
reality technology market, and estimated market size between 2016 and
2022. The global AR and VR market is segmented on the basis of
technology, device type, component, vertical, and geography. This global
report provides a detailed analysis of the market across North America
Europe, Asia-Pacific, and RoW.
