Mobile Augmented Reality (AR) Market Trends 2021–2030

Mobile Augmented Reality (AR) Market Global Opportunity Analysis and Industry Forecast, 2021–2030

PORTLAND, OR, UNITED STATES, June 28, 2023/EINPresswire.com/ — According to the report published by Allied Market Research, title, “Mobile Augmented Reality (AR) Market by Component (Hardware, Software, and Services), Device Type (Smartphones, Tablets, Personal Digital Assistants (PDAs), and Others), and Application (Consumer, Healthcare, Enterprise, Commercial, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”, the global mobile augmented reality market is anticipated to reach $184.61 billion by 2030, from $12.61 billion in 2020, growing at a CAGR of 31.40% from 2021 to 2030. The report presents information related to key drivers, restraints, and mobile augmented reality (AR), market opportunities, along with detailed impact analysis.

High use of mobile AR in the healthcare sector, growth of the retail industry, and rise in adoption of AR technology by the tourism and education industry are the key factors contributing to the growth of the global mobile augmented reality (AR) market. However, limited UI affecting the navigation performance of AR apps is a factor hampering the mobile augmented market growth. Contrarily, increase in the adoption of AR smart glasses is anticipated to build opportunities for the mobile augmented reality (AR) industry.

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Key Benefits For Stakeholders
• This study comprises analytical depiction of the global mobile augmented reality (AR) market outlook along with the current trends and future estimations to depict the imminent investment pockets.
• The overall mobile augmented reality (AR) market analysis is determined to understand the profitable trends to gain a stronger foothold. 
• The report presents information related to key drivers, restraints, and mobile augmented reality (AR) market opportunities with a detailed impact analysis.  
• The current mobile augmented reality (AR) market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.   
• Porter’s five forces analysis illustrates the potency of the buyers and the mobile augmented reality (AR) market share of key vendors.   
• The report includes the market trends and the revenue share of key vendors.

The report segments the global mobile augmented reality (AR) market on the basis of component, device type, application, and region.

Based on application, the consumer segment accounted for the largest market share in 2020, contributing to more than two-thirds of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the enterprise segment is estimated to witness the fastest CAGR of 38.4% from 2021 to 2030.

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Based on the devices type, the smartphones segment contributed to the largest share in 2020, accounting for more than half of the global mobile augmented reality market. The same segment is expected to lead the market with the manifestation of the highest CAGR of 32.6% from 2021 to 2030.

Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, Asia-Pacific is expected to portray the fastest CAGR of 32.8% during the forecast period.

Leading players of the mobile augmented reality market analyzed in the research include Microsoft Corporation, Blippar.Com Ltd., Qualcomm Inc., Google, Apple, Magic Leap, Groove Jones, Wikitude, Samsung Electronics Co. Ltd., and Marxent Labs.

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