Augmented reality

[New] China, the world second largest economy, is forecast to reach an estimated smart augmented reality market size of 4.4 Million Units in the year 2027 trailing a CAGR of 98.4% through 2027.
While the world is approaching 2021, augmented reality and virtual reality will continue to have an optimal impact on industries.
The global spending on Augmented Reality and Virtual Reality will see a 78.5% growth and will rise to as much as 18.8 billion dollars.
The augmented reality and virtual reality market is poised to grow by $125.19 billion during 2020-2024, progressing at a CAGR of over 35% during the forecast period.
AR in healthcare market is witnessing a big boost with a high expected CAGR of 31.63% and market value expected to rise from US$ 779.994 million in 2019 to US$ 4,057.144 million in 2025.
With improvements in technology and design, augmented reality and mixed reality will continue to grow to a market of over $20Bn by 2030.
Despite being a smaller market today, we expect the advanced analytics market to grow 50% over the next five years, including predictive maintenance, computer vision and augmented reality.
The global market for augmented reality and virtual reality is estimated to offer an incremental growth opportunity of about US$ 115 billion (€96 billion) during the mentioned forecast period.
The global augmented reality and virtual reality (VR) market in healthcare is expected to reach $10.82 B by 2025.
The virtual reality (VR) industry is growing at a startling pace: consumer VR hardware and software markets are projected to be worth over $16 billion by 2020.
The Augmented Reality market has grown so colossal that predictions estimate its value to reach $61.4 billion by 2023.
Within Europe, Germany is forecast to grow the Mobile Augmented Reality at approximately 37.1% CAGR while Rest of European market will reach US$ 36.9 Billion by the year 2027.
Shipments of augmented reality (AR) and virtual reality (VR) headsets are projected to experience a year-over-year decline of 10.5% in Q1 2020, followed by a decline of 24.1% in the second quarter of the year.
The total value of AR in education is expected to reach $5.3 billion by 2023.
The global Augmented Reality (AR) in Healthcare market is expected to grow from USD 651.7 million in 2019 to USD 3,347.3 million by 2024 at a CAGR of 32.9%.
Within Europe, Germany is forecast to grow at approximately 21.2% CAGR while Rest of European Virtual Reality (VR) In Healthcare market will reach US$ 369.4 Million by the year 2027.
China, the world second largest economy, is forecast to reach an estimated Virtual Reality (VR) In Healthcare market size of US$ 369.4 Million in the year 2027 trailing a CAGR of 29.6% through 2027.
The U.S. accounts for Over 30.1% of Global Virtual Reality (VR) In Healthcare Market Size in 2020, While China is Forecast to Grow at a 29.6% CAGR for the Period of 2020-2027.
Smart Augmented Reality (AR) Glasses: Accounts for Over 31% of Global Market Size in 2020, While China is Forecast to Grow at a 98.3% CAGR for the Period of 2020-2027.
The Mobile Augmented Reality (MAR) market in the U.S. is estimated at US$ 3.3 Billion in the year 2020.
The global virtual reality in gaming market size is expected to reach USD 92.31 billion by 2027, expanding at a CAGR of 30.2% over the forecast period.

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Last updated: 27 September 2020