Augmented Reality Market Size, Share, Growth, Trends, Forecast, Industry
Analysis, Segmentation | Valuates Reports
The global augmented reality market size was valued at USD 17.67 billion in 2020. It is expected to
expand at a compound annual growth rate (CAGR) of 43.8% from 2021 to 2028. The rising demand
for remote assistance and collaboration from enterprises that assist in workflow management and
optimization is expected to propel market growth. Businesses are using Augmented Reality (AR) -
based apps for tracking, identifying, and resolving technical issues as well as for tasks, such as
retrofitting, assembling, manufacturing, and repairing production lines.
The growing adoption of AR in healthcare applications is expected to drive the growth of the market.
Several AR-based solution providers are collaborating with healthcare organizations to provide AR-
powered healthcare applications for various purposes. For instance, in November 2018,
FundamentalVR entered into a strategic alliance with Mayo Clinic to jointly develop surgical VR
simulations. Fundamental Surgery, a platform by FundamentalVR combining virtual reality with
haptics to provide an affordable surgical simulator, has already been implemented at Mayo Clinic’s
main campuses in the U.S. states of Minnesota, Florida, and Arizona.
Top Key Players studied in Augmented Reality Market:
Infinity Augmented Reality Ltd.
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Global Augmented Reality Market Segmented by Product:
Global Augmented Reality Market Segmented by Application:
Aerospace & Defense
E-commerce & Retail
Gaming & Entertainment
Industrial & Manufacturing
Global Augmented Reality Market Segmented by