Augmented Reality Market Forecast Report 2020 – 2027 – Top Key Players Analysis
The rising investment to bring technological advancements in the AR technology, followed by the increasing application of augmented reality technology in numerous sectors such as automotive, healthcare, and other sectors, are the two major factors that are propelling the growth of the market.
The increasing investments in the augmented reality by the global giants such as Alphabet, Inc., Intel Corporation, Facebook Corporation, Qualcomm, Inc., Comcast Ventures, and Samsung Group, is the primary factor that is responsible for the strong demand of the market in the next six years. Numerous technological advancements such as the smart contact lens, which can be used to remove unsafe optical radiation, are opening new doors for the growth of the AR market. Moreover, the increasing application for AR in different sectors is directly surging the demand of augmented reality solutions. Companies such as Daqri, Meta, Vurix, and other related firms have introduced AR-based headsets with an aim on enterprise application for their devices. In addition to this, the leading social media giant, Snapchat, which implemented AR technology to smartphones through its social media platforms and has launched its first version of AR glasses. This factor is contributing to the growth of the augmented reality market size.
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Last Update : Jul 17, 2020
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