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 The augmented reality market was valued at USD 14.7 billion in 2020 and is projected to reach USD 88.4 billion by 2026; it is expected to grow at a CAGR of 31.5% from 2021 to 2026. The key factors driving the growth of the augmented reality market include surging demand for AR devices and applications in healthcare, growing demand for AR in retail and e-commerce sectors due to COVID-19, rising investments in the AR market, increasing demand for AR devices and technology in the global automotive industry, and others. Augmented reality (AR) has transitioned from science fiction to a rapidly evolving technology with real-world applications. Here’s a glimpse into the latest news shaping the AR landscape: Gaming and Entertainment: Metaverse Integration: Companies like Meta (formerly Facebook) are developing AR experiences that integrate with their metaverse vision, blurring the lines between the physical and digital worlds. Location-Based AR Games: Games like Pokemon Go continue to ...

  They project the global augmented reality and virtual reality market to grow from USD 37.0 billion in 2022 to USD 114.5 billion by 2027; I expect it to grow at a CAGR of 25.3% from 2022 to 2027. The key factors fueling the growth of this market include increasing application of AR devices in healthcare, increasing demand of AR in retail and e-commerce post pandemic, rising investments in AR and VR market, partnerships between telecom players and AR manufacturers to reduce latency to imperceptible levels, rise in demand for AR in architecture, increasing demand for VR in training and education, high growth of AR and VR in travel, tourism and enterprise applications. The  AR and VR market  is dominated by key global established players such as Google (US), Microsoft (US), Sony Corporation (Japan), Samsung Electronics (South Korea), HTC (Taiwan), Apple Inc., (US), PTC Inc., (US), Seiko Epson (Japan), Oculus VR (by Facebook (US)), Lenovo (China). These companies focus on ad...

  They project the global augmented reality and virtual reality market to grow from USD 37.0 billion in 2022 to USD 114.5 billion by 2027; I expect it to grow at a CAGR of 25.3% from 2022 to 2027. The key factors fueling the growth of this market include increasing application of AR devices in healthcare, increasing demand of AR in retail and e-commerce post-pandemic, rising investments in AR and VR market , partnerships between telecom players and AR manufacturers to reduce latency to imperceptible levels, rise in demand for AR in architecture, increasing demand for VR in training and education, high growth of AR and VR in travel, tourism, and enterprise applications. The AR and VR market is dominated by key global established players such as Google (US), Microsoft (US), Sony Corporation (Japan), Samsung Electronics (South Korea), HTC (Taiwan), Apple Inc., (US), PTC Inc., (US), Seiko Epson (Japan), Oculus VR (by Facebook (US)), Lenovo (China). These companies focus on adopting bo...