Augmented reality [New] Shipments of augmented reality (AR) and virtual reality (VR) headsets are projected to experience a year-over-year decline of 10.5% in Q1 2020, followed by a decline of 24.1% in the second quarter of the year. The total value of AR in education is expected to reach $5.3 billion by 2023. The global Augmented Reality (AR) in Healthcare market is expected to grow from USD 651.7 million in 2019 to USD 3,347.3 million by 2024 at a CAGR of 32.9%. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR while Rest of European Virtual Reality (VR) In Healthcare market will reach US$ 369.4 Million by the year 2027. China, the world second largest economy, is forecast to reach an estimated Virtual Reality (VR) In Healthcare market size of US$ 369.4 Million in the year 2027 trailing a CAGR of 29.6% through 2027. The U.S. accounts for Over 30.1% of Global Virtual Reality (VR) In Healthcare Market Size in 2020, While China is Forecast to Grow at a 29.6% CAGR for the Period of 2020-2027. Smart Augmented Reality (AR) Glasses: Accounts for Over 31% of Global Market Size in 2020, While China is Forecast to Grow at a 98.3% CAGR for the Period of 2020-2027. The Mobile Augmented Reality (MAR) market in the U.S. is estimated at US$ 3.3 Billion in the year 2020. The global virtual reality in gaming market size is expected to reach USD 92.31 billion by 2027, expanding at a CAGR of 30.2% over the forecast period. There are increasing signs that AR will be promoted by major technology vendors such as Apple, which is said to be developing an AR headset for launch in 2020. Virtual Reality in gaming market size is expected to reach USD 45 billion by 2025. Augmented reality in the retail market is expected to rise from $1.15 billion in 2018, to $7.95 billion in 2023, at a CAGR of 47.1%. Revenues generated by AR technology in healthcare market are expected to exceed $1.9 billion by 2026 at a CAGR of 25.5%. Today, 171 million people are using VR technology; The combined market of AR/VR is expected to reach $16.8 billion in 2019; VR gaming revenue is forecast to touch $22.9 billion by 2020. The global AR and VR Software Market is expected to witness a promising growth in the next few years. The market for Augmented Reality (AR) and Virtual Reality (VR) immersive collaboration solutions will exceed US$ 400 million by 2025, up from less than US$ 12 million in 2019. Worldwide spending on commercial virtual reality is expected to grow to $7.1 billion this year, up $4.5 billion in 2019. Shipments of VR and AR headsets are expected to increase in coming years with each device forecast to sell over 30 million units in 2023. In 2019, the virtual reality hardware market is valued at 4.4 billion U.S. dollars and forecast to reach ten billion U.S. dollars by 2022. The global Augmented Reality and Virtual Reality Platform market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2026. Augmented Reality (AR) is set to add more than $1 trillion to the global economy and £62.5bn to the UK economy in the next decade. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
