Augmented reality

• China, the world second largest economy, is forecast to reach an estimated smart augmented reality market size of 4.4 Million Units in the year 2027 trailing a CAGR of 98.4% through 2027.
• While the world is approaching 2021, augmented reality and virtual reality will continue to have an optimal impact on industries.
• The global spending on Augmented Reality and Virtual Reality will see a 78.5% growth and will rise to as much as 18.8 billion dollars.
• The augmented reality and virtual reality market is poised to grow by $125.19 billion during 2020-2024, progressing at a CAGR of over 35% during the forecast period.
• AR in healthcare market is witnessing a big boost with a high expected CAGR of 31.63% and market value expected to rise from US$ 779.994 million in 2019 to US$ 4,057.144 million in 2025.
• With improvements in technology and design, augmented reality and mixed reality will continue to grow to a market of over $20Bn by 2030.
• Despite being a smaller market today, we expect the advanced analytics market to grow 50% over the next five years, including predictive maintenance, computer vision and augmented reality.
• The global market for augmented reality and virtual reality is estimated to offer an incremental growth opportunity of about US$ 115 billion (€96 billion) during the mentioned forecast period.
• The global augmented reality and virtual reality (VR) market in healthcare is expected to reach $10.82 B by 2025.
• The virtual reality (VR) industry is growing at a startling pace: consumer VR hardware and software markets are projected to be worth over $16 billion by 2020.
• The Augmented Reality market has grown so colossal that predictions estimate its value to reach $61.4 billion by 2023.
• Within Europe, Germany is forecast to grow the Mobile Augmented Reality at approximately 37.1% CAGR while Rest of European market will reach US$ 36.9 Billion by the year 2027.
• Shipments of augmented reality (AR) and virtual reality (VR) headsets are projected to experience a year-over-year decline of 10.5% in Q1 2020, followed by a decline of 24.1% in the second quarter of the year.
• The total value of AR in education is expected to reach $5.3 billion by 2023.
• The global Augmented Reality (AR) in Healthcare market is expected to grow from USD 651.7 million in 2019 to USD 3,347.3 million by 2024 at a CAGR of 32.9%.
• Within Europe, Germany is forecast to grow at approximately 21.2% CAGR while Rest of European Virtual Reality (VR) In Healthcare market will reach US$ 369.4 Million by the year 2027.
• China, the world second largest economy, is forecast to reach an estimated Virtual Reality (VR) In Healthcare market size of US$ 369.4 Million in the year 2027 trailing a CAGR of 29.6% through 2027.
• The U.S. accounts for Over 30.1% of Global Virtual Reality (VR) In Healthcare Market Size in 2020, While China is Forecast to Grow at a 29.6% CAGR for the Period of 2020-2027.
• Smart Augmented Reality (AR) Glasses: Accounts for Over 31% of Global Market Size in 2020, While China is Forecast to Grow at a 98.3% CAGR for the Period of 2020-2027.
• The Mobile Augmented Reality (MAR) market in the U.S. is estimated at US$ 3.3 Billion in the year 2020.
• The global virtual reality in gaming market size is expected to reach USD 92.31 billion by 2027, expanding at a CAGR of 30.2% over the forecast period.

Last updated: 04 October 2020