The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

The Business Research Company’s Augmented Reality In Training And Education Global Market Report 2024 offers crucial insights into the augmented reality in training and education market help businesses analyse and build stronger strategies.

 

 

The augmented reality in training and education market has witnessed unprecedented growth, evolving from $18.25 billion in 2023 to a projected $30.19 billion in 2024, reflecting a staggering compound annual growth rate (CAGR) of 65.4%. This surge is attributed to the increased accessibility of mobile devices, early adoption in STEM education, pioneering experimentation in education, and advancements in content development, user engagement, and interactivity.

 

 

Current Dynamics and Future Projections

Exponential Growth Trajectory

The market is poised for continued exponential growth, anticipating a remarkable size of $173.2 billion by 2028, with a CAGR of 54.8%. Factors contributing to this surge include the increased integration of AI and AR, the expansion of remote and hybrid learning, enhanced accessibility and affordability, the rise of customized learning solutions, and a heightened focus on practical skill development. Notable trends in the forecast period encompass interactive learning modules, hands-on simulations and experiments, personalized learning pathways, the integration of AR in training programs, and the growth of augmented reality books and materials.

 

 

Elevating Vocational Training

Realistic and Interactive Learning

The augmented reality revolution is set to significantly impact vocational training, driving growth in the training and education market. Vocational training, also known as technical and vocational education and training (TVET), is witnessing the integration of augmented reality technology. This integration provides students with a more realistic, interactive, and personalized learning experience. The increasing demand for affordable and accessible training options, coupled with a greater emphasis on real-world application and job preparedness, underscores the advantages of augmented reality in vocational education. For example, the National Centre for Vocational Education Research reported a 5.1% increase in students taking nationally recognized VET courses in 2022, emphasizing the growing demand for vocational training.

 

 

 

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Key Players Shaping the Industry

Innovators in AR Education

Major companies operating in the augmented reality in training and education market include Google LLC, zSpace Inc., Magic Leap Inc., and many others. These companies play a pivotal role in driving innovation and setting industry standards in the dynamic field of augmented reality education.

 

 

Empowering Immersive Education And Training

Strategic Collaborations for Innovation

Major players in the augmented reality in training and education market are forging strategic partnerships to better cater to consumer needs. Notably, the collaboration between the IMT MSc Program and the VR/AR Association exemplifies this trend. The partnership focuses on fostering knowledge sharing, best practices, and breakthroughs in immersive technology and innovation in education, training, and game creation. The collaboration seeks to connect students with professionals, support advancements in the field, and encourage the use of VR and AR technologies in training and instruction. Such collaborations underscore the commitment of industry leaders to drive advancements in immersive education.

 

 

Market Segmentation Insights

Tailoring Learning Experiences

The augmented reality in training and education market is segmented based on categories, devices, and end-users:

1. By Category:
   • Primary and Secondary Education
   • Test Preparation
   • Reskilling and Certifications
   • Higher Education
   • Language and Other Learnings
2. By Device:
   • Classroom Projectors
   • Smartphones
   • Laptops
   • Other Devices
3. By End User:
   • Higher Education
   • K-12

Regional Dominance: Asia-Pacific

Leading the AR Revolution

In 2023, Asia-Pacific emerged as the largest region in the augmented reality in training and education market. The region is expected to maintain its lead, solidifying its position as a hub for AR innovation in education.

 

 

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The Augmented Reality In Training And Education Global Market Report 2024  provides a comprehensive outlook of the augmented reality in training and education market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The augmented reality in training and education market forecast offers a thorough analysis on augmented reality in training and education market size, augmented reality in training and education market share, prominent players and their strategies.

 

 

The Table Of Content For The Augmented Reality In Training And Education Market Include:

1. Augmented Reality In Training And Education Market Executive Summary
2. Augmented Reality In Training And Education Market Segments
3. Augmented Reality In Training And Education Market Size And Augmented Reality In Training And Education Market Growth Rate
4. Key Augmented Reality In Training And Education Market Trends
5. Major Augmented Reality In Training And Education Market Drivers
……
25. Key Mergers And Acquisitions In The Augmented Reality In Training And Education Market
26. Top Augmented Reality In Training And Education Companies
27. Augmented Reality In Training And Education Market Opportunities And Strategies
28. Augmented Reality In Training And Education Market, Conclusions And Recommendations
29. Appendix

 

 

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