According to Goldstein Research, global augmented reality market is expected to reach USD 96 billion by 2024 from USD 2.1 billion in 2016, growing at a CAGR of 60.9% over the forecast period through 2024. Digitalization taking place in every end use industry along with the rising penetration of smartphones in developing nations is propelling the growth of augmented reality market.

Global augmented reality market segmentation has been carried out on the basis of technology, components and end users. Based on components, hardware segment dominated the global market in 2016 with a revenue share of 57% in global augmented reality market with 0.4 million unit shipments of AR hardware devices around the world. Global augmented reality market is majorly driven by North America and is expected to continue its dominance during the forecast period of 2016-2024. United States is expected to dominate the augmented reality market in North America owing to high investment in R&D of augmented reality by the home entertainment tech giants such as Google, Microsoft and Apple.

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Market Segmentation
On the basis of our in-depth analysis, Global Augmented RealityMarket can be segmented as follows:

By Technology Type

o Marker Based
 Active Marker
 Passive Marker
o Marker Less
 Model-based
 Image Processing Based
By Components

o Software
 Cloud-Based Services
 Software Developer Kits
o Hardware
 3D cameras
 AR Wearable Devices
 Sensors
 Displays
By End Users

o Education Sector
o Healthcare Sector
o Aerospace Industry
o Automotive Sector
o Real Estate
o Tourism
o Gaming
o Defense
o Sports
o Manufacturing Industry
o Media And Entertainment
By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Augmented Reality Market Outlook 2024” by Goldstein Research contains detailed overview of the global augmented reality market in terms of market segmentation by technology type, by components type and by end users.

Further, Global Augmented Reality Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asMicrosoft Apple, Google, Qualcomm Inc., Magic Leap, Sony, Augmented pixels Inc., Niantic Labs, Samsung, Intel,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global augmented reality market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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