News Crusader

Augmented Reality (AR) Market is Expected to Hit $95.0 Billion By 2022: Credence Research

CredenceResearch.com has Published New Research Report Title “Global Augmented Reality (AR) Market By End-use Application (Consumer, Commercial, Healthcare, Automotive and Others), By Display Type (Head Mounted Display, Handheld Display, Head-Up Display, and Spatial Display), By Component (Hardware, Software) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”

According to a new market report published by Credence Research, Inc. “Augmented Reality (AR) (By End-use Application (Consumer (Gaming, and Entertainment), Commercial, Healthcare, Defense and Aerospace, and Others), By Display Type (Head Mounted Display, Handheld Display, Head-Up Display, and Spatial Display)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023” the augmented reality market is expected to exceed US$ 95.0 Bn by 2023, witnessing a double digit compound annual growth rate during the forecast period 2016-2023.

Market Insights: 

The Augmented Reality (AR) technology, which deals with the superimposition of computer generated data and real images has been around since 1970s. After all years of buildup regarding the potential of the technology, it is finally on the brink of becoming main-stream.  The mounting penetration of mobile devices such as smartphones and tablets coupled with the advancements in their computational capabilities has offered a perfect medium for consumers to experience augmented reality in the years to come. 

Competitive Insights:

Like virtual reality, the global market for augmented reality is highly competitive and fragmented across different application domains. The technology developers are required to understand distinct requirements of each application domains separately. The leading top 4 players in the global augmented reality market account for less than 45 percent of the global market revenue. Some of the leading players identified in the global augmented reality market include Qualcomm, Inc. (the U.S.), Google, Inc. (the U.S.), Microsoft Corporation (the U.S.), Blippar.com Ltd (the U.K.), Wikitude GmbH (Austria), Daqri LLC (the U.S.), Sony Corporation (Japan), Samsung Electronics, Co. Ltd. (South Korea), Magic Leap, Inc. (the U.S.), and Infinity Augmented Reality Inc. (the U.S.) among others. The global augmented reality market is also characterized by the presence of large number of niche players accounting for small market share individually. The competitive rivalry among current market players is comparatively high and is expected to remain high throughout the forecast period 2016 – 2023.

Browse the full Augmented Reality (AR) (By End-use Application (Consumer (Gaming, and Entertainment), Commercial, Healthcare, Defense and Aerospace, and Others), By Display Type (Head Mounted Display, Handheld Display, Head-Up Display, and Spatial Display)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/augmented-reality-ar-market

Key Trends:

  • Growing adoption of augmented reality-based wearable displays (ex – head mounted displays) in consumer and defense applications
  • Declining profit margin in hardware business
  • Emergence of AR app store
  • Focus on tapping enterprise users

Latest Report:

Internet of Things (IoT) Market by Component (Sensing Devices, Network Connectivity, IT Solutions & Services, IoT Platforms), by Application (Consumer Electronics, Manufacturing, Energy & Utilities, Smart Cities & Home Automation, Retail Industry, Transportation, Healthcare) – Growth, Share, Opportunities & Competitive Analysis, 2016 -2023

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa. 

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: [email protected]

Ph: 1-800-361-8290

Web:  Credence Research

Blog: http://www.mobilecomputingtoday.co.uk/3974/global-augmented-reality-market-exceed-95-0-2023-credence-research/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/augmented-reality-ar-market

Calendar

February 2018
M T W T F S S
« Jan    
 1234
567891011
12131415161718
19202122232425
262728  

Latest News

MLB Opening Day Tickets: CapitalCityTickets.com is Slashing Their Prices on 2018 MLB Opening Day Baseball Tickets at Stadiums Nationwide

Read Full Article

MECOOL M8S Pro+ TV Box is very popular in EU review, Introduced by Top 10 TV Boxes, with VIVIBRIGHT GP100 Projector featuring 3200 lumens recommended

Read Full Article

Alfawise S95 TV Box (2+16GB) On Sale, introduced by Top 10 TV Boxes, with Xiaomi Mi Robot Vacuum Cleaner recommended

Read Full Article

Automotive Filter Market amounted to USD 5.6 Billion in 2016 and it is expected to expand at a CAGR of 8.8 % during the forecast period 2017-2024.

Read Full Article

Automotive Radiator Market size is over USD 14.2 Billion in 2024 with 4.5% CAGR estimation from 2017 to 2024, According to Research Nester

Read Full Article

FIWIA.org Releases Report on Storm Tight Window and Door

Read Full Article

EliKine™ Human Beta-NGF ELISA Kit is Officially Released by Abbkine

Read Full Article

SCISHION V88 TV Box review, featuring Quad-core CPU, Introduced by Top 10 TV Boxes, with Beelink GS1 6K TV Box recommended

Read Full Article

Discount Romeo Santos Tickets: CapitalCityTickets.com is Slashing Their Prices on Romeo Santos Concert Tickets for his 2018 North American Tour Dates with Promo Code

Read Full Article

Judas Priest Concert Tickets: CapitalCityTickets.com is Slashing Their Prices on Judas Priest Concert Tickets for their 2018 Tour Dates

Read Full Article

Kevin Hart Tickets: CapitalCityTickets.com is Slashing Their Prices on Kevin Hart Comedy Tickets for his 2018 “Irresponsible Tour” Dates

Read Full Article

Spring Training MLB Tickets: CapitalCityTickets.com is Slashing Their Prices on 2018 Spring Training Baseball Tickets at Venues Nationwide

Read Full Article