Global “Augmented Reality & Mixed Reality Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Augmented Reality & Mixed Reality in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Augmented Reality & Mixed Reality Market report categorizes the market based on manufacturers, regions, type, and application. Augmented Reality & Mixed Reality Market reports offer a detailed assessment of the Augmented Reality & Mixed Reality including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Augmented Reality & Mixed Reality market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global augmented reality & mixed reality market was valued at USD 1.43 billion in 2017, and is expected to reach USD 12.97 billion by 2023, registering a CAGR of 43.93%, over the forecast period of 2018-2023. The scope of the report is limited to the deployment model offered by major players, including public cloud, private cloud, and hybrid cloud. The regions considered in the scope of the report include the United States, Canada, the United Kingdom, Germany, France, China, India, Japan, Mexico, Saudi Arabia, and Brazil.
Augmented reality (AR) and mixed reality (MR) have become the buzzwords in the technology industry, with most of the leading players launching products in the domain. Although the initial technology was focused on gaming and entertainment, mixed reality has found applications across a diverse range of industries, including education and training. Companies are incorporating AR and MR, to provide hands-on training, without the need for training equipment. With various industries exploring the potential of the technology, investments in the market have recorded exponential growth and are poised to register robust growth over the forecast period. Microsoft Hololens project, which was initiated in 2010, took six years for development, after launching the developers edition in the first quarter of 2016. Magic Leap, an AR startup, has raised over USD 1.9 billion and is launching a product after seven years of development.
Introduction of Low-cost Devices and the Increasing Purchasing Power in Developing Countries
The growth of competitors for the deployment of smartphones across various regions, has led to a price drop for the company. Owing to such trends, there has been a growth in the smartphones and other wearables that support such technologies, thus driving the growth of the market. Total smartphone shipments are expected to increase to about 1.69 billion units by 2021. Various partnerships and initiatives have also taken place, to reduce or subsidize the availability of smartphones and other smart phones. Governments in various countries, such as India, have launched Akash tablets to support education in the country. In Africa, companies, such as Safaricom and Microsoft, have partnered to launch 4Africa smartphone. Intel has also launched a low-cost smartphone with Yolo by Intel, which has sold about 5000 units. These growth trends in the number of devices has augmented the penetration of AR and MR services from vendors. Internet penetration rates have also been on the rise compared to the previous years, which further contributes to the growth of AR & MR services.
High Number of Applications in the Medical and Healthcare Industry
The medical field is expected to be highly influenced by applications of AR & MR. It is already in use for various practical purposes, and the technology is expected to play an important role in the future of medicine. In 2013, Google Glass and VIPAAR, a virtual AR app, was used to perform surgery. The capabilities of AR technology will allow the surgery procedures to be simplified, offering a safe environment and experience to patients. Apart from Google Glass, a host of devices are being used in the medical field. Doctors have been using a skin cancer app that can calculate the impact of moles with real-time vision, and receive feedback. Blood infusion instruments, like glasses and devices, are being used to locate veins, allowing blood work to be performed quickly and IVs inserted, without having to worry about missing a vein.
The United States is one of the Major Markets
The United States is expected to be one of the fastest growing AR & MR markets in the world, over the forecast period. Most of the companies advancing in this technology are based in the United States. Leading players, such as Microsoft and Magic Leap, are actively working on this technology, using the United States as their base. The United States is one of the largest markets for the media & entertainment industry as well. For example, Microsoft HoloLens is a breakthrough in the mixed reality technology. The United States is also a pioneer in the technology space.
High technology exposure and easy availability of devices have created a robust demand for smart devices, in this region. Microsoft Hololens was first released in the United States and Canada, and has received positive response from the consumers in the region. Microsoft announced that it has sold thousands of units during the first three months after the launch, even with the device being targeted at enterprise users. Thus, the technology is expected to witness healthy growth in the country
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The global Augmented Reality & Mixed Reality market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Augmented Reality & Mixed Reality Market Report covers the Top Key-players in 2021:-
- Magic Leap
- Meta Vision
- Acer Incorporated
- Dell Inc.
- Microsoft Corporation
- Samsung Electronics
- Lenovo Inc.
- HP Corporation
- Asus Computer International Inc.
- Zapper AR
Highlighted points of Augmented Reality & Mixed Reality Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Augmented Reality & Mixed Reality Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Augmented Reality & Mixed Reality? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Augmented Reality & Mixed Reality Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Augmented Reality & Mixed Reality Market? What Was Capacity, Production Value, Cost and PROFIT of Augmented Reality & Mixed Reality Market?
- What Is Current Market Status of Augmented Reality & Mixed Reality Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Augmented Reality & Mixed Reality Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Augmented Reality & Mixed Reality Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Augmented Reality & Mixed Reality Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Augmented Reality & Mixed Reality Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Augmented Reality & Mixed Reality Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Augmented Reality & Mixed Reality Industry?
Key Developments in the Augmented Reality & Mixed Reality Market:
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Finally, the report Global Augmented Reality & Mixed Reality Market 2021 describes the Augmented Reality & Mixed Reality industry expansion game plan, the Augmented Reality & Mixed Reality industry knowledge supply, appendix, analysis findings, and the conclusion.
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