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The augmented reality gaming market has witnessed exponential growth, surging from $11.03 billion in 2023 to $14.32 billion in 2024, with a CAGR of 29.8%. This expansion is attributed to increasing smartphone adoption, AR hardware advancements, developer interest, consumer awareness, and AR content improvements. Forecasts indicate reaching $40.29 billion by 2028, with a CAGR of 29.5%, driven by AR integration with 5G, cloud gaming platforms, AR in e-sports, social AR gaming, and increased investments in AR startups. Notable trends include ubiquitous AR integration, social AR expansion, convergence with other technologies, location-based AR games, and AR gaming platform diversification.

The augmented reality gaming market is positioned for growth driven by the rising penetration of smartphones. Smartphones, equipped with advanced computing capabilities and internet connectivity, serve as ideal platforms for augmented reality (AR) gaming. Leveraging built-in cameras and sensors, smartphones provide users with interactive gaming experiences by overlaying virtual elements onto the real world. With expectations of widespread smartphone ownership, the rise in smartphone penetration is propelling the augmented reality gaming market forward.

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What Are The Key Trends That Influence Augmented Reality Gaming Market Share Analysis?

Major companies in the augmented reality gaming market are developing geolocation-based augmented reality games to gain a competitive edge. Geolocation technology identifies and determines the geographic location of a person, device, or object using methods like GPS, Wi-Fi, cellular networks, or sensors. For instance, in January 2023, Niantic Inc., a US-based software development company, launched NBA All-World, a free-to-play augmented reality basketball game. The game celebrates basketball culture, allowing players to challenge each other on a map, recruit NBA players to teams, and compete in real-world locations, encouraging physical activity, exploration, and engagement with basketball culture.

Which Market Players Are Driving Growth In The Augmented Reality Gaming Market?

Major companies operating in the augmented reality gaming market report are Apple Inc., Alphabet Inc., Microsoft Corporation, Sony Group Corporation, Qualcomm Technologies Inc., Hexagon AB, Niantic Inc., Magic Leap Inc., Meta Platforms Inc., Sixense Enterprises Inc., EON Reality Inc., DAQRI LLC, RE’FLEKT GmbH, Seabery S.L., Zappar Ltd., VividWorks Ltd., Marxent Labs LLC, Scope Technologies US Inc., Total Immersion Inc., Augmented Pixels Inc., Blippar Limited, Upskill VR, Ubimax GmbH, Catchoom Technologies S.L., Infinity Augmented Reality Ltd.

How Is The Global Augmented Reality Gaming Market Segmented?

The augmented reality gaming market covered in this report is segmented –

1) By Product: Head Mounted Display (HMD), Handheld Display, Spatial Display
2) By Component: Software, Hardware
3) By Device: Mobiles, Smart Glasses
4) By Application: Commercial Use, Home Use

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The Augmented Reality Gaming Global Market Report 2024 provides an overview of the augmented reality gamingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The augmented reality gaming market forecast analyzes augmented reality gaming market size, augmented reality gaming market share, leading competitor and their market positions.

The Table Of Content For The Augmented Reality Gaming Market Include

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

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