Growing at a CAGR of 31.40% Mobile Augmented Reality (AR) Market Size is Expected to Reach $184.61 billion by 2030

Mobile Augmented Reality (AR) Market

Mobile Augmented Reality (AR) Market

PORTLAND, OREGON, UNITED STATES, October 31, 2021 / — Allied Market Research published a report, titled, “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 Mobile Augmented Reality (AR) Market report doles out the current market analysis during the forecast period. The report offers an explicit study of the global Mobile Augmented Reality (AR) Market with detailed analysis of the major factors impacting the market growth. The factors covered in the report take in market dynamics, major segments, key market players, and competitive landscape.

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According to a new report published by Allied Market Research, titled, “Mobile Augmented Reality (AR) Market by Component, Device Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the global mobile augmented reality (AR) industry size was valued at $12.61 billion in 2020, and is projected to reach $184.61 billion by 2030, registering a CAGR of 31.40%. The North America region is expected to be the leading contributor to the global market during the forecast period, followed by Asia-Pacific and Europe.

The Report

• Self-explanatory graphs and tables
• A detailed overview of the global Mobile Augmented Reality (AR) Market
• Study of the global Mobile Augmented Reality (AR) Market trends along with data from 2021, evaluations for 2021, and assessments of compound annual growth rates (CAGRs) through 2030
• An interpretation of the drivers, opportunities, and restraints

The report provides size and forecast by assessing the global Mobile Augmented Reality (AR) Market with various segments categorized on the basis of type, applications, and end-users. Moreover, it also encompasses the geographical market analysis of these segments. Each section is analyzed at the respective regional level to procure a comprehensive understanding of the global Mobile Augmented Reality (AR) Market.

Major Players in the Market:

The key players profiled in the report include Qualcomm Inc., Microsoft Corporation, Samsung Electronics Co. Ltd., Blippar.Com Ltd., Google, Apple, Magic Leap, Groove Jones, Wikitude, and Marxent Labs. These players have adopted various strategies, such as partnership, agreement, collaboration, and product launch, to expand their foothold in mobile augmented reality (AR) industry.

The competitive scenario of the global Mobile Augmented Reality (AR) Market is conferred in the report, offering detailed breakdown on competitive landscape. The frontrunners operating in the Mobile Augmented Reality (AR) Market are thoroughly studied to concede their share, position, and competitive strength in the industry. Evaluation of these key players is encompassed in the report to help in offering an exhaustive understanding of these players in the industry. Moreover, the company profile section offers different data points such as company overview, key executives of the organization, prime growth strategies incorporated by the company, novel initiatives or strategies adopted by company to perk up their global position.

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Key points covered by the report:

• How lucrative is the growth opportunity for the Mobile Augmented Reality (AR) Market?
• Which are the top companies covered in the Mobile Augmented Reality (AR) Market? What are their prime stratagems to strengthen their market position?
• What are the regions studied in the Mobile Augmented Reality (AR) Market report? What would be the share of Asia-Pacific, Europe, North America, and LAMEA in this market throughout the forecast period?
• How has COVID-19 impacted the Mobile Augmented Reality (AR) Market?

Research Methodology:

The research report offers clients with an exhaustive study and research based on a broad variety of factual inputs, which mainly take in interviews with industry applicants, consistent statistics, and regional analysis. The in-house industry experts play an important role in mapping out analytic tools and models, fabricated as per the requirement of an industry segment.

COVID-19 Impact Analysis

Covid-19 Scenario:

· Sudden decline in infrastructure development is expected to hamper the market growth for consumer, education, and tourism sector.
· The slowdown in productions by OEMs and reduction in demand for mobile devices and other electronic devices has slightly pulled down the market for mobile AR.
· Reductions in budgets and delays in planned projects in various industries have hampered the global economy.

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Key Market Segments

By Component

• Hardware
• 3D Camera
• Sensors
• Processor
• Others
• Software
• Services
By Device Type
• Smartphones
• Tablets
• Personal Digital Assistants (PDAs)
• Others
By Application
• Consumer
• Healthcare
• Enterprise
• Commercial
• Aerospace & Defense
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Taiwan
o Rest of Asia-Pacific

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Source: EIN Presswire