Augmented Reality Market to Reach $411.4 Billion by 2031: Allied Market Research – Yahoo Finance

Surging digitization in emerging economies and strong focus on technology will boost the growth of the global augmented reality market. Furthermore, thriving e-commerce sector and massive use of augmented reality in the e-commerce sector will create new growth opportunities for the global market. Region-wise, the Asia-Pacific region held the major market share in 2021, grabbing more than two-fifths of the global augmented reality market share.
Portland, OR , Nov. 21, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global augmented reality market generated $24.2 billion in 2021, and is projected to reach $411.4 billion by 2031, growing at a CAGR of 33.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
Download Free Sample Report at:
https://www.alliedmarketresearch.com/request-sample/14335
Report coverage & details:
Report Coverage
Details
Forecast Period
2022–2031
Base Year
2021
Market Size in 2021
$24.2 billion
Market Size in 2031
$411.4 billion
CAGR
33.2%
No. of Pages in Report
290
Segments Covered
Component, Device Type, End Use, and Region.
Drivers
Escalating demand for 3D imaging in the healthcare sector.
 
Surging digitization in emerging economies and strong focus on technology.
Opportunities
Thriving e-commerce sector and massive use of augmented reality in the e-commerce sector.
 
Automotive firms are rapidly adopting augmented reality technology for enhancing the end-user experience.
Restraints
Growing augmented reality security and privacy concerns.
 
Huge costs associated with research & development for cutting-edge technical solutions.
 
Lack of skilled or trained professionals in emerging and underdeveloped economies.
COVID-19 Scenario:
The outbreak of the COVID-19 pandemic had favorably impacted the growth of the global augmented reality market as there was a massive penetration of augmented reality in marketing & advertising activities.
During the COVID-19 pandemic, the escalating demand for remote assistance and need for improving workflow optimization boosted the expansion of the global market.
The report offers a detailed segmentation of the global augmented reality market based on component, device type, end use, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
Based on component, the hardware segment held the major market share in 2021, holding more than half of the global augmented reality market share, and is expected to maintain its leadership status during the forecast period. However, the same segment, is expected to cite the fastest CAGR of 33.5% during the forecast period. The report also includes segment such as software segment.
On the basis of device type, the handled device segment held the largest market share in 2021, accounting for nearly two-fifths of the global augmented reality market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the head mounted segment, is expected to cite the highest CAGR of 33.7% during the forecast period.
In terms of end use, the media and entertainment segment held the largest market share in 2021, accounting for nearly one-thirds of the global augmented reality market share. Furthermore, the same segment is expected to maintain its leadership status during the forecast period. Nevertheless, the healthcare segment, is expected to cite the highest CAGR of 34.9.3% during the forecast period.
Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/14335
Region-wise, the Asia-Pacific region held the major market share in 2021, grabbing more than two-fifths of the global augmented reality market share. Moreover, the Asia-Pacific market is slated to dominate the global market share during the forecast period. However, the same region is expected to cite the fastest CAGR of 33.9% during the forecast period. The report also analyses other regions such as Europe, North America, and LAMEA.
The key players analyzed in the global augmented reality market report includes Google LLC, Microsoft Corporation, Niantic Inc, Ptc Inc., Apple Inc, Magic Leap Inc, Seiko Epson Corporation, TreeView, and CXR.
The report analyzes these key players in the global augmented reality market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
Buy this Report at:
https://www.alliedmarketresearch.com/checkout-final/3cc1e5ac6a7b7d616b86c27a9f4db025
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Millennials have given up on stocks. Is it time to follow suit?
Is it time to bet on a turnaround?
With U.S. stocks down more than 20% so far this year, investors are looking for some good news – and it may be coming from a prominent Wall Street analyst who says the current bear market could come to an … Continue reading → The post Top Morgan Stanley Strategist Says This Is When the Bear Market ‘Will Be Over Probably' appeared first on SmartAsset Blog.
These bargain-basement-priced growth stocks are ripe for the picking following a 38% peak decline in the Nasdaq Composite.
JPMorgan Chase says ongoing inflation and an outlook for sharply lower returns for investors means that retirees should toss the long-standing 4% rule. That's the rule that says retirees can safely draw down their savings by 4% per year without … Continue reading → The post JPMorgan Says You Can Safely Withdraw This Much From Your Retirement Accounts Yearly appeared first on SmartAsset Blog.
If you're looking to generate passive income, AT&T's stock provides a healthy dividend payment.
Kinder Morgan (NYSE: KMI) gave investors a glimpse into what they should expect in the coming year by unveiling its preliminary financial expectations for 2023. Management expects Kinder Morgan to generate $7.7 billion in adjusted EBITDA next year. Growth drivers include rising volumes at its refined product and gathering and processing businesses, higher rates as it recontracts its Jones Act tankers, and expansion projects coming into service.
In this article, we discuss 10 best transportation stocks to buy heading into 2023. If you want to see more stocks in this selection, check out 5 Best Transportation Stocks To Buy Heading Into 2023. The International Air Transport Association (IATA) is reiterating a positive outlook for the global airline industry and forecasts that airlines […]
In the wake of a corporate update, investors were leaning toward a more bearish analyst adjustment on the shares.
Kevin O’Leary, aka Mr. Wonderful, has made a lot of bets over the years. He is best known for his appearance on Shark Tank where he invests in many startups. While his Shark Tank deals are well known because they take place in front of millions on live TV, his other startup investments are typically more private and not as easy to follow. O’Leary has invested roughly $8.5 million in startup enterprises since Shark Tank debuted in 2009. However, one of his largest startup bets right now might be
Elon Musk has praised his competitors but never hidden his competitive edge. And he just tweeted out that edge in a big way.
After a tough week, the stock market is focusing on the upcoming CPI inflation report and Fed meeting. Here's what to do.
The company's main product — Bitcoin — isn't exactly popular just now, and it didn't mine as much last month as it hoped to.
As mainland China backs away from its zero-COVID policy and loosens restrictions, business optimism and a slight return to normalcy are welcome changes for citizens and investors.
Growth stocks have been hit especially hard this year, but their long-term investment thesis hasn't changed. Shopify (NYSE: SHOP), Roku (NASDAQ: ROKU), and Nvidia (NASDAQ: NVDA) are three downtrodden companies that look like excellent buying opportunities for investors willing to hold them for the next decade and beyond. What makes these companies appealing is their position in industries due for explosive growth in the coming years.
The energy sector can be a great place for income-seeking investors. Three great energy dividend stocks to consider buying this month are Enterprise Products Partners (NYSE: EPD), Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP), and NextEra Energy (NYSE: NEE).
The past year was downright awful for the mortgage industry. Mortgage originators saw volumes decline as refinancing activity waned and homebuyers become more cautious. Mortgage real estate investment trusts (REITs) got hammered by outsized volatility in the bond market, which depressed book values.
Medical Properties (MPW) closed at $11.80 in the latest trading session, marking a -1.75% move from the prior day.
Time flies. But it also crashes.
The market for artificial intelligence (AI) services expanded significantly in recent years as companies scramble to automate repetitive tasks, crunch large amounts of data to make smarter decisions, and power up a new generation of autonomous machines and vehicles. This market will likely remain shaky in the short term, but investors who want to profit from the long-term expansion of the AI market should take a closer look at these three promising stocks. One of the most promising plays in that nascent market is Mobileye (NASDAQ: MBLY), the Israeli chipmaker that was spun off from Intel in a fresh IPO this October.

source