The Global Augmented Reality and Virtual Reality Market is expected to grow at a CAGR of 41.2% during the forecast period 2016 to 2025 and expected to reach US$ 130.01 Bn in 2025 from US$ 5.83 Bn in 2016.
The “Global Augmented Reality and Virtual Reality Analysis to 2025” is a specialized and in-depth study of the Augmented Reality and Virtual Reality industry with a focus on the global market trend. The report aims to provide an overview of global Augmented Reality and Virtual Reality with detailed market segmentation by type, component, application, and geography. The global Augmented Reality and Virtual Reality is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
- Global analysis of Augmented Reality and Virtual Reality market from 2017 – 2025 illustrating the progression of the market.
- Forecast and analysis of Augmented Reality and Virtual Reality market by Dosage, Route of Administration and Application from 2017 – 2025
- Forecast and analysis of Augmented Reality and Virtual Reality market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
AR and VR are the technologies which immerse the user into virtual world and allows to interact with the virtual objects being in real environment. Augmented reality is not device dependent for an extent, and this technology can reach out to users through their smartphones and tablets through developed applications. Smartphone and tablets manufacturers are integrating more of these AR applications to increase the user experience and with growing smartphone market, AR integrations are expected to take a leap in near future. Subsequently, driving the growth for augmented reality and virtual reality market in the coming years.
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Key Players Influencing the Market
- DAQRI, LLC
- Augmented Pixels Inc.
- EON Reality, Inc
- Innovega, Inc.
- Laster Technologies
- Layar B.V.
- Total Immersion
- Vuzix Corporation
- Zugara, Inc.
Augmented Reality and Virtual Reality Market – Strategic Insights
The market initiative and new development was observed as the most adopted strategy in global augmented reality and virtual reality market. Few of the recent strategies by some of the players augmented reality and virtual reality market landscape are listed below-
2016: Augmented Pixels announced about their R&D for manual operations of the drones based on SLM SDK. This research mainly focus on increasing the accurateness of co-piloting and reducing the uncertainty of crashing because of clarity and intuitive interface.
2016: DAQRI, LLC launched its flagship product DAQRI Smart Helmet that runs on sixth Gen Intel Core m7 processor and RealSense technology by Intel. DAQRI Smart Helmet is an industrial machine human interface that allows real-time information comprising Mixed Reality and Augmented work instructions, mapping, safety information to maximize productivity, safety and welfare for workers in different industrial environments.
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Reasons to Buy the Report
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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This post was originally published on Industry Updates Daily