Augmented Reality Market size is projected to showcase significant growth from automotive sector
Category: #tech  By Sachin Pashte  Date: 2019-07-24
  • share
  • Twitter
  • Facebook
  • LinkedIn

Augmented Reality Market size is projected to showcase significant growth from automotive sector

Augmented Reality Market size in automotive segment is predicted to grow significantly in the coming years. Primarily backed by the fact that AR technology has already made profound inroads in the automotive domain since the inception of 21st century, experts claim, augmented reality industry from this particular business sphere is set to gain exceptional proceeds over the coming years. Big shot automakers across the globe have been increasingly deploying this technology in a bid to bring next version vehicle manuals. Volkswagen’s MARTA (Mobile Augmented Reality Technical Assistance) app that provide a thorough repair assistance to amateur mechanics can be placed as a testament to the aforementioned fact. Add to it, the race to develop self -driving vehicles that is presently heating up the automotive space, is also expected to open up new growth opportunities for augmented reality industry. Though automotive giants are highly excited with the changing trend, there is a still a wave of inhibition among the consumers due to dearth of proper know-how. Experts believe, increasing integration of AR technology in automobiles would bridge the gap, gradually encouraging consumers to get accustomed with the new technology. From navigation to improving automobile control, automotive sector, as per experts’ opinion, is reportedly one the most remunerative growth avenues for augmented reality market.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/695

Recently, Mapbox, a reputed custom online maps provider, has made to the headlines with the announcement of its acquisition of a Minsk-based artificial intelligence unicorn, Mapdata. Among the various future projects that are claimed to get onboarded through the deal, Mapdata, reportedly, would help Mapbox develop advanced augmented reality based maps that work in sync with the front cameras of the users’ devices. With increasing number of companies seeking to leverage the maximum potential of the technology across mainstream as well as off beat applications, it is certain that augmented reality market is on its way to gain substantial momentum in the years ahead.

Having established itself as a rather prominent vertical of the technology sector, augmented reality market has witnessed phenomenal gains, in terms of remuneration over the recent years. In the field of software, this technology is already approaching mainstream awareness, primarily on account of the profound contribution of renowned tech giants like Blippar, PTC, Daqri, Upskill, Samsung Electronics Co. ltd., Magic Leap, Facebook Inc., and Apple. While the increasing popularity of Apple’s flagship augmented reality technology, ARkit has already created a huge buzz in the augmented reality industry, the American conglomerate’s latest breakthrough, iPhone X is an exemplar precedent depicting the signs of penetration of the business space in the territory of smartphone hardware as well. Reportedly, the advanced TrueDepth camera of the product not only include Portrait Mode and FaceID feature, but can also detect users’ 3D data and dynamic expression via a unique facial recognition function, Animoji.

 While the underlying technology and the application expanse of augmented reality market is rapidly advancing, one of the major constraints that is somewhat acting as a deterrent in the business penetration is the privacy vulnerability concerns associated with the technology. The integration of AR technology into any platform requires disclosure of personal info, which when mishandled often lead to privacy risks. However, renowned companies partaking in market are readily investing in research activities to come up with innovative solutions that would address the rising privacy concerns.

Considering the robust initiatives being undertaken worldwide to harness the fullest potential of this technology, augmented reality industry, though still at a nascent stage, is certain to achieve phenomenal gains over the coming seven years. Estimates by Global Market Insights, Inc. claims the overall augmented reality market size to exceed a valuation of USD 50 billion by 2024.

Chapter 4    Augmented Reality Industry, By Component

4.1    Global augmented reality headsets market share, by component, 2016 & 2024

4.2    Hardware

4.2.1    Augmented reality hardware market, 2014 - 2024

4.2.2    Augmented reality hardware market, by region, 2014 - 2024

4.2.3......... Head-mounted display

4.2.3.1      Head-mounted display market, 2014 - 2024

4.2.3.2      Head-mounted display market, by region, 2014 - 2024

4.2.4......... Head-up display

4.2.4.1      Head-up display market, 2014 - 2024

4.2.4.1      Head-up display market, by region, 2014 - 2024

4.2.5......... Smart glasses

4.2.5.1      Smart glasses market, 2014 - 2024

4.2.5.1      Smart glasses market, by region, 2014 - 2024

4.3    Software

4.3.1    Augmented reality software market, 2014 - 2024

4.3.2    Augmented reality software market, by region, 2014 - 2024

Chapter 5    Augmented Reality Industry, By Application

5.1    Global augmented reality market share, by application, 2016 & 2024

5.2    Medical

5.2.1    Augmented reality market in medical applications, 2014 - 2024

5.2.2    Augmented reality market in medical applications, by region, 2014 - 2024

5.3    Automotive

5.3.1    Augmented reality market in automotive applications, 2014 - 2024

5.3.2    Augmented reality market in automotive applications, by region, 2014 - 2024

5.4    Aerospace & defense

5.4.1    Augmented reality market in aerospace & defense applications, 2014 - 2024

5.4.2    Augmented reality market in aerospace & defense applications, by region, 2014 - 2024

5.5    Gaming

5.5.1    Augmented reality market in gaming applications, 2014 - 2024

5.5.2    Augmented reality market in gaming applications, by region, 2014 - 2024

5.6    Retail

5.6.1    Augmented reality market in retail applications, 2014 - 2024

5.6.2    Augmented reality market in retail applications, by region, 2014 - 2024

5.7    Industrial

5.7.1    Augmented reality market in industrial applications, 2014 - 2024

5.7.2    Augmented reality market in industrial applications, by region, 2014 - 2024

5.8    Others

5.8.1    Augmented reality market in other applications, 2014 - 2024

5.8.2    Augmented reality market in other applications, by region, 2014 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/augmented-reality-ar-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market researchand consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]

Blog: www.industry-source.org

 

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Sachin Pashte    

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

Read More

More News By Sachin Pashte

New Opportunities in Plotters Market 2019 Growth, Segmentation
New Opportunities in Plotters Market 2019 Growth, Segmentation
By Sachin Pashte

Market Study Report adds a new research on Global Plotters Market for the period of 2019-2025 that shows the growth of the market is rising at a Steady CAGR to 2025. This research study on the Plotters market details an exhaustive evaluation of this...

Global Electro Pneumatic Positioners Market - Growth, Trends and Forecast (2019 - 2025)
Global Electro Pneumatic Positioners Market - Growth, Trends and Forecast (2019 - 2025)
By Sachin Pashte

MarketStudyReport.com adds Global Electro Pneumatic Positioners Market research focusing on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of...

LED Drive Power Market 2019 Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025
LED Drive Power Market 2019 Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025
By Sachin Pashte

The Global LED Drive Power market study focuses on major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides informatio...