The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing use of augmented reality (AR) devices in the medical field are expected to drive innovation in augmented reality devices manufacturing, thus driving the market during the forecast period.

The global augmented reality devices market is expected to grow from $7.59 billion in 2022 to $8.13 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global augmented reality devices market is expected to grow to $10.61 billion in 2027 at a CAGR of 6.9%.

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Global Augmented Reality Devices Market Segments Include:

• By Type: Head-Mounted Display (HMD), Head-Up Display (HUD)
• By Application: Consumer, Commercial, Enterprise, Healthcare, Aerospace & Defense, Energy, Automotive
• By Component: Hardware, Software
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global augmented reality devices market in 2021.

Major Market Players in the augmented reality devices market include Sony, Oculus, Samsung Electronics, HTC, Google, PTC, Microsoft, Wikitude, DAQR, and Blippar.

Augmented reality devices manufacturers are increasingly investing in the integration of augmented Reality (AR) and virtual reality (VR) technologies. Combination of virtual and augmented reality enables users to both see and interact with digital content at the same time. For instance, Spatial, an augmented reality company has developed a platform to enable interactive conference call, where the users can interact with their surroundings without any physical presence. With the combination of AR and VR technology, the users of the application can also witness pin boards and whiteboards.

The Augmented Reality Devices Global Market Report 2023  provides a augmented reality devices market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The augmented reality devices market forecast analyzes augmented reality devices market size, augmented reality devices market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Augmented reality devices are defined as devices that provide an interactive experience of the real-world environment by integrating digital visual content and audio into the real-world environment. Augmented reality devices include head-up displays, holographic displays, smart glasses, and others.

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