Market Analysis
The augmented reality market size will touch USD 461.25 billion at a favorable 41.50% CAGR by 2030, states the latest Market Research Future (MRFR) report.
Drivers
Growing Adoption in Healthcare Sector to Boost Market Growth
The increasing adoption of augmented reality in the healthcare sector will boost market growth over the forecast period. Augmented reality plays a crucial part in the healthcare sector. This technology offers a virtual view of patients through which a surgeon can view the condition of his/her body parts. It helps surgeons in conducting minimally invasive surgeries. Augmented reality technology is also helping surgeons to visualize muscles, joints, and internal organs sans slicing the body which allows surgeons in determining where to create incisions and assists to use the data collected at the time of medical emergencies.
Opportunities
Use of AR-based Apps in Businesses to offer Robust Opportunities
The use of augmented reality-based apps in businesses to track, identify, and resolve technical issues and also for tasks like repairing, manufacturing, assembling, and retrofitting production lines will offer robust opportunities for the market over the forecast period.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1143
Restraints
Security Issues to act as Market Restraint
Security & privacy issues related to augmented reality will act as market restraints over the forecast period.
Challenges
Long Terms Impacts on Mental Health to act as Market Challenge
The long-term impacts of AR on mental health may act as a market challenge over the forecast period.
COVID-19 Analysis
Luckily augmented reality has proved beneficial during the COVID-19 pandemic as this technology has given an edge to physicians to traverse the scale of the deadly virus and test on it sans actually doing any tests on the patient. As this virus can be transferred easily, physicians have augmented a touch-free approach where people are restrained to touch public surfaces and frequently wash hands. AR helps doctors in treating patients resting on their symptoms to zoom into the virus scans of various patients through zooming it. AR in combination with AI documented and made inventory of the patients across the globe assisting the government in tracking and isolating infected people.
Market Segmentation
The global augmented reality market has been bifurcated based on end users, types, component, applications, and technologies.
By technology, the augmented reality market is segmented into monitor based technology and eye based technology.
By applications, the consumer electronics segment will lead the market over the forecast period.
By component, the hardware segment will dominate the market over the forecast period.
By types, the augmented reality market is segmented into mounted display, handheld devices, and head-up display.
By end users, the consumers segment will spearhead the market over the forecast period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/augmented-reality-market-1143
Regional Analysis
APAC to Lead Augmented Reality Market
The APAC region will lead the augmented reality market over the forecast period. The flourishing enterprises sector in Japan and China, the booming gaming industry, rising investments in commercial applications, thriving automotive and healthcare sectors in Japan, massive customer base in China and Japan, aggressive adoption of online platforms for various purposes, continued rollout of high-speed 5G networks, and increasing adoption in India for conducting medical procedures and operating machinery are adding to the global augmented reality market growth in the region.
Key Players
Key players profiled in the global augmented reality market report include Inglobe Technologies, Magic Leap, Scope AR & Microsoft Corporation.
Industry Updates
Facebook will soon collect data in Singapore for creating augmented reality glasses. Data collection will be done through glasses every Facebook employee will wear.
Other Exclusive Reports:
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com