Augmented reality [New] Apple is believed to be working on some kind of AR headset dubbed Apple Glasses, expected to launch within the next 2-3 years. The virtual reality market was worth $5.12 billion in 2017, and by 2023, the market will reach $34.08 billion. 5G is predicted to generate more than $140 billion in revenue from augmented reality (AR) and virtual reality (VR) application between 2021 and 2028. The demand for augmented reality in healthcare will undoubtedly grow, as a recent Grand View Research report predicts a 23% CAGR growth for the global market for AR by 2025. Virtual Reality is a fast-growing industry, it was estimated that over 200 million headsets will have been sold by end of 2020, with the market value for both VR hardware and software reaching well over $20 billion by then. Almost 10 per cent of industrial smart glasses and standalone Virtual Reality (VR) devices will have a 5G connection by 2026. Worldwide shipments of Augmented Reality (AR) and Virtual Reality (VR) headsets are forecast to decline in the first half of 2020 due to supply chain disruptions caused by the COVID-19 outbreak. While augmented and virtual reality solutions are expected to remain the top investment, artificial intelligence solutions may reach the second level in the coming years according to analysts. Middle East & Africa, and South American countries are expected to contribute less to the VR and AR market in the coming years as compared to other regions. App-less augmented reality, or WebAR is becoming increasingly prevalent in the digital world, so much so that the AR market is currently valued at around $16.6 billion and is predicted to grow to approximately $198 billion by 2025. North America is expected to have a leading share in the Augmented Reality Market over the coming years. The number of AR users around the globe will reach 2.5 billion in the next three years. The market for augmented reality technologies will soar to $100 billion by 2024, driven by advances in interaction between the user and AR devices. In 2025, the global automotive AR and VR market is forecast to reach about 673 billion U.S. dollars, with a CAGR of 175.7 percent from 2018 to 2025. The augmented reality (AR) and VR market is growing steadily and is expected to reach a market size of $209.2 billion by 2022. By the end of 2024, IDC expects the industry to ship 24 million standalone AR headsets as demand from the commercial sector grows and more enterprise organizations incorporate AR headsets into their workflows. Global Augmented and Virtual Reality in Healthcare Market was valued at USD 510.36 million in 2016 and is projected to reach USD 8,313.29 million by 2025, growing at a CAGR of 36.35% from 2017 to 2025. Global Augmented and Virtual Reality (AR VR) market - Report defines the vital growth factors, opportunities and market segment of top players during the forecast period from 2019 to 2025. 28% Australian retailers are expected to adopt VR in the coming years, which is expected to drive the growth of the VR market in the Asia Pacific region during the forecast period. Virtual reality and augmented reality have the potential to boost GDP globally by up to US$ 1.5 trillion by 2030. Augmented reality and virtual reality will add US$ 1.5 trillion to global GDP by 2030. Global augmented reality market is expected to rise to an estimated value of 91.01 billion witnessing a healthy CAGR in the forecast period of 2019-2026. See full forecast Last updated: 31 May 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
