Augmented Reality Market Segment Covered worth $72.7 billion by 2024

The report "Augmented Reality Market by Offering (Hardware (Sensor, Displays & Projectors, Cameras), Software), Device Type (Head-mounted, Head-up), Application (Enterprise, Consumer, Commercial, Healthcare, Automotive), and Region - Global Forecast to 2024", is estimated to grow from USD 10.7 billion in 2019 and projected to reach USD 72.7 billion by 2024; it is expected to grow at a CAGR of 46.6% from 2019 to 2024. The healthcare sector has witnessed rapid technological advancements over the years, and various kinds of advanced imaging equipment have been introduced in the healthcare sector. The healthcare sector has one of the most important and practical applications of AR in the current market scenario.

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Browse 102 market data Tables and 46 Figures spread through 191 Pages and in-depth TOC on "Augmented Reality Market - Global Forecast to 2024"

“Surge in need for AR devices in healthcare sector" 

AR plays an important role in the healthcare sector. AR can be used to provide a virtual view of a patient, in which a surgeon can see the condition of the patient’s body parts. This can help the surgeon to conduct minimally invasive surgeries. The use of AR modeling and 3D visualization is expected to be of great help to the healthcare sector. The use of AR for improving fitness, teaching complex subjects to medical students, training doctors, managing pharmacy, and caring and supporting patients after they leave the hospital is driving the growth of the AR market in this sector.

“Head-up Displays is to grow at highest CAGR in augmented reality market during forecast period”

Augmented reality head-up displays are currently in an introductory phase and are all set to revolutionize the automotive sector. Many companies such as Continental, WayRay, and Visteon have already entered the market with their own plans for AR HUDs.

There have been indications of BMW introducing AR HUDs in their upcoming premium models, to be launched in 2020. Some of the current versions of BMW (7 series) have traditional HUDs. BMW has introduced an augmented reality app that provides a virtual experience of its cars. Here, such apps available for the virtual viewing of automobiles have been considered in the software market segment covered in the report and hence do not contribute to the standing of the HUD segment. BMW had also stated in a blog in March 2016 that they are still some time away from producing commercially-available AR HUDs for their automobiles.  

“APAC to hold major share of the augmented reality market during the forecast period.”

E-commerce is becoming a major area of focus for retailers in APAC, where China is becoming the largest e-commerce market worldwide. The high demand for AR devices and software from the commercial sector would help drive the AR market in APAC. Growing consumer and commercial markets with increasing investments in countries such as Japan, India, and China would boost the growth of the AR market in APAC.

Major players in the augmented reality market are Google, Inc. (US), PTC, Inc. (US), Microsoft Corporation (US), Seiko Epson (Japan), Lenovo (China), Wikitude GmbH (Austria), Vuzix (US), Daqri Llc (US), Magic Leap, Inc. (US), Zugara, Inc. (US), Blippar (UK), Upskill (US), and Maxst (South Korea). Other players operating in the augmented reality market include Atheer, Inc. (US), Pristine, Inc. (US), Marxent Labs, Llc. (US), Inglobe Technologies (Italy), Meta Company (US), Augment (France), Niantic (US), Sixense Entertainment (US), Intel Corporation (US), Apple Inc. (US), Infinity Augmented Reality, Inc. (Israel), Facebook Corporation (US), Samsung Electronics Co. Ltd. (South Korea), Realwear (US), Dynabook Americas, Inc. (US), and Optinvent (France).

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Digital Signage Market worth $29.6 billion growing with a CAGR of 7.3% by 2024

The "Digital Signage Market by Offering (Hardware (Displays, Media Players, Projectors), Software, Services), Product, Application, Vertical (Retail, Transportation & Public Places, Sports & Entertainment, Education), and Geography - Global Forecast to 2024", The digital signage market is expected to grow from USD 20.8 billion in 2019 to USD 29.6 billion by 2024, at a CAGR of 7.3%. Growing technological advancements in display products, increasing adoption of digital signage products in commercial vertical, rising demand for 4K & 8K displays, and increasing infrastructural developments in emerging countries are the major driving factors for the market’s growth during the forecast period.

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Key players in the market include Samsung Electronics (South Korea), NEC Corp. (Japan), LG Electronics (South Korea), Sharp (Foxconn) (Japan), Leyard Optoelectronic (Planar) (China), Sony (Japan), AU Optronics (Taiwan), BARCO (Belgium), Panasonic (Japan), Goodview Electronics (China), Scala (US), E Ink Holdings (Taiwan), Omnivex Corporation (Canada), Deepsky Corporation (Hong Kong), Delta Electronics (Taiwan), Exceptional 3D (US), Daktronics (US), Christie Digital Systems (US), Intuiface (France), and BenQ (Taiwan).

Browse 63 market data Tables and 56 Figures spread through 190 Pages and in-depth TOC on "Digital Signage Market - Global Forecast to 2024"

Growing smart signage applications, increasing retail space worldwide, rising demand for context-aware signage, and increasing transition of traditional stores to smart stores in the retail vertical expected to offer high growth opportunities in the near future.

Software to witness highest growth rate for digital signage market during the forecast period

The current and future markets would be greatly driven by software than hardware. The increased innovation in the field of software adds to technological advancement and ease of use in digital signage solution. The estimated growth rate of the digital signage market for software is higher than hardware; hardware devices are not frequently purchased because they have a long operational life. The market for software is growing at a higher pace as software licenses need to be purchased and upgraded at regular intervals.

Commercial vertical is expected to dominate digital signage market (in terms of share) during the forecast period

The commercial vertical of digital signage comprises retail; corporate and broadcast; healthcare; hospitality; and government, command and control centers with applications across hotels, hospitals, quick service restaurants (QSRs), and malls, among others. Digital signage helps attract a large group of customers through effective advertising and promotion . The growth of the commercial vertical is attributed to the rising adoption of digital signage products for advertising and content delivery to increase the customer base and enhance consumer satisfaction.

“Transportation and public places industry to witness highest CAGR during forecast period”

Transportation signage systems are typically integrated with different technologies such as databases that can maintain travel schedules and reservation information on a real-time basis. The transportation vertical requires large screen display devices at public places such as railway stations, airports, and highways. Large screen displays show information in a more effective way than conventional signage boards. Railway stations and airports require large display panels to communicate with passengers. The new displays have highly attractive features such as live video streaming and high brightness while interacting with customers or passengers. Digital signage provides travelers with vital information regarding schedules and timings of arrivals and departures of trains and flights. Timely updates, along with proper information regarding schedules and timings of transport facilities, help enhance the customer experience, which is a major driving force for the growth of this market for transportation.

North America accounted for the largest share of the digital signage market

North America is considered to be the strongest market for digital signage. North America, being technologically advanced and developed, is a pioneer market for the cutting-edge technology used in the advertisement vertical including digital signage and smart signage. The digital signage market in North America is driven by various factors such as the high standard of living of customers and the need for accuracy and efficiency in retail services. North America accounted for the largest share of the global digital signage market. This is mainly due to the growing awareness regarding the benefits of digital signage and the increasing demand for commercial displays.

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District Heating Market worth $203.0 billion Outlook on Key Growth Trends, Factors by 2023

The report "District Heating Market by Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products), Plant Type (Boiler Plant, CHP), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023", The district heating market is expected to grow from USD 170.7 billion in 2018 to USD 203.0 billion by 2023, at a compound annual growth rate (CAGR) of 3.5% during the forecast period. The major factors driving the district heating market include increasing demand for energy-efficient and cost-effective heating systems and growing urbanization and industrialization.

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The Leading Players in the district heating market Fortum (Finland), Vattenfall (Sweden), Engie (France), Danfoss (Denmark), NRG Energy (US), Statkraft (Norway), Shinryo Corporation (Japan), LOGSTOR (Denmark), Vital Energi (UK), Kelag (Austria), Goteborg Energi (Sweden), FVB Energy (Canada), Alfa Level (Sweden), Ramboll (Denmark), Savon Voima (Finland), Enwave Energy (Canada), Orsted (Denmark), Helen (Finland), Keppel DHCS (Singapore), and STEAG New Energies (Germany) are among the major players.

Browse 69 market data Tables and 29 Figures spread through 113 Pages and in-depth TOC on "District Heating Market - Global Forecast to 2023"



Renewable heat source to grow at highest CAGR in global district heating market during forecast period

Renewable heat sources help in meeting the rising energy needs, improving efficiency, reducing greenhouse gas emission, and improving climate conditions. Geothermal heat source uses one or more production fields as heat sources to supply district heating to residential and commercial buildings. Solar heating converts energy from the sun into heat; it uses solar panels that are often arranged on a building or concentrated in solar farms to facilitate a clean heat source. As a CO2-free power source, the environmental impact of the solar heat source is significantly smaller than other power generation methods.

CHP plant type to hold major share of global district heating market during forecast period

CHP helps reduce the capital investment, provides economies of scale, reduces heat losses to the environment, and substitutes the use of fossil fuels for district heating, which, in turn, lead to the reduction of greenhouse gas emissions. Moreover, CHP makes a district heating system an efficient energy solution for residential and commercial entities that show significant demand for district heating.

Residential application to dominate global district heating market during forecast period

Favorable government incentives such as more focus on energy-efficient products have led to the increased adoption of district heating in residential application. Moreover, continuous urban development is boosting the demand for district heating. Growing urbanization leads to organized infrastructure developments suitable for district heating solution. Growing urban cities create a demand for sustainable, efficient, and reliable utility services including district heating and electricity production.

Europe to hold major share of district heating market from 2018 to 2023

Europe is the largest market for district heating as a large number of leading players are based in this region. Increasing technological advancements, in terms of connectivity, digitalization, and IoT integration; rising demand for energy-efficient solution; and growing initiatives to reduce greenhouse gas emissions are the crucial factors driving the growth of this market in Europe. Due to the legislative framework of the European countries including Germany, the UK, and France, the penetration of district heating in new buildings is expected to increase in the upcoming years, especially gated societies. As a result, the market for district heating is expected to hold a major share in this region.

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Augmented Reality Market worth $85.0 billion Outlook on Key Growth Trends, Factors by 2025

The report "Augmented Reality Market by Offering (Hardware (Sensor, Displays & Projectors, Cameras), and Software), Device Type (Head-Mounted, Head-Up, Handheld), Application (Enterprise, Consumer, Commercial, Automotive), and Geography - Global Forecast to 2025", was valued at USD 4.2 billion in 2017 and is expected to reach USD 85.0 billion by 2025, at a CAGR of 33.7% from 2018 to 2025. Increasing demand for AR devices and applications in healthcare, increasing demand for AR in the retail and e-commerce, and rising investments in the augmented reality market are the major driving factors of the AR market. However, limited user interface affecting the navigation performance of augmented reality application and limited processing power, less storage, and restricted size of memory card in mobile phone are some of the major barriers for the growth of the AR market.

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The Leading Players in the augmented reality market are Google, Inc. (US), PTC Inc. (U.S.), Microsoft Corporation (US), Wikitude GmbH (Austria), DAQRI LLC (US), Zugara, Inc. (US), Blippar (UK), Magic Leap, Inc. (US), Upskill (Austria), MAXST (South Korea), and Osterhout Design Group (US).

Browse 67 market data Tables and 37 Figures spread through 171 Pages and in-depth TOC on "Augmented Reality Market"

“Hardware component offerings for AR to grow at a higher CAGR during the forecast period”

The augmented reality market has been segmented on the basis of hardware and software component. The hardware offerings are further segmented into the components such as displays & projectors, cameras, semiconductor components, sensors, position trackers, and others. Camera has been an integral part of the augmented reality market which would, in the near future, provide optimum benefit to smartphone users. The increased use of mobile augmented reality will pave the path for optimum growth of these components.   

The growth of the segment is attributed to the increased adoption of the AR hardware devices majorly in enterprise and consumer applications.

“Head–mounted displays to hold largest share of the augmented reality market during the forecast period”

The augmented reality head-mounted displays include typical HMDs, smart glasses, and smart helmets. The AR HMDs in the form of smart glasses are expected to lead the market owing to its widespread use in the enterprise sector. The efficiency and workforce management is expected to be the major use case for the use of HMDs in the enterprise and manufacturing application.

“AR in enterprise application expected to grow at highest CAGR during the forecast period”

Augmented reality is used in enterprises for training personnel, providing information about industrial facility, re-modelling and redesigning, and industrial simulations. AR solutions help workers perform repairs in hazardous environments where visibility is low. Traditionally, training was conducted using classroom methods; however, the introduction of augmented reality has helped enhance the training methodology. Moreover, the usage of HMDs in the manufacturing setups is the major driver for the growth of enterprise application in the augmented reality market.

“APAC expected to be the largest AR market by 2025”

The augmented reality market in Asia Pacific is expected to grow at a high rate in sectors such as healthcare, commercial, and consumer. The increasing number of players in the region would boost the growth of the augmented reality market. The high growth in commercial and consumer markets is the major factor driving the growth of the augmented reality market in APAC. APAC registers the highest growth for consumer products such as smartphones, tablets, laptops, TVs, and others. This is because of emerging economies such as China and India, which are witnessing unparalleled growth, and other countries such as Taiwan, Indonesia, Singapore, and Malaysia, which have been exhibiting positive growth. Growing consumer and commercial markets with increasing investments in countries such as Japan, India, and China would boost the growth of the augmented reality market in APAC. The use of AR has increased in commercial and consumer markets in APAC, owing to the easy availability of the AR technology in the region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Focused Ion Beam Market worth $1,185 million by 2024

According to the research report "Focused Ion Beam Market by Ion Source (Ga+ Liquid Metal, Plasma), Application (Failure Analysis, Nanofabrication), Vertical (Electronics & Semiconductor, Industrial Science, Material Science, Bioscience), and Region - Global Forecast to 2024", is projected to grow from USD 820 million in 2019 to USD 1,185 million by 2024; it is expected to grow at a CAGR of 7.6% from 2019 to 2024. Key factors fueling the growth of this market include the rise in demand for failure analysis in the electronics & semiconductor industry and increase in demand for ion beam lithography process using focused ion beam systems for producing patterns across the surface of samples.

 

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Key Players in the market include Thermo Fisher Scientific, Inc. (US), Hitachi High-Technologies Corporation (Japan), ZEISS International (Germany), Tescan (UK), JEOL Ltd. (Japan), HORIBA, Ltd. (Japan), Eurofins Scientific (Luxembourg), and A&D Company, Limited (Japan). These players are increasingly undertaking product launches, agreements, partnerships, collaborations, joint ventures, and mergers and acquisitions to increase their market shares.

Browse 103 market data Tables and 50 Figures spread through 158 Pages and in-depth TOC on "Focused Ion Beam Market - Global Forecast to 2024"
“The Ga+ liquid metal segment accounted for the largest share of the focused ion beam market in 2019.”

In 2019, the Ga+ liquid metal segment captured the largest share of the focused ion beam market. The growth of this segment can be attributed to several advantages offered by focused ion beam systems using Ga+ liquid metal as an ion source. Moreover, the majority of manufacturers of focused ion beam systems are deploying Ga+ liquid metal ion sources in their systems. Several applications such as ion implanters, ion projection lithography, and particle accelerator injectors use plasma ion source-based focused ion beam systems.

“The failure analysis segment of the market is projected to grow at the highest CAGR during the forecast period.”

Among applications, the failure analysis segment of the focused ion beam market is projected to grow at the highest CAGR from 2019 to 2024. The growth of the failure analysis segment of the market can be attributed to the increased use of focused ion beam systems for carrying out the failure analysis of components or devices to recognize the cause leading to their failure during their manufacturing process. Manufacturers use focused ion beam systems to test and analyze the performance of different components or devices, thereby leading to an increased demand for these systems from the electronics & semiconductor vertical.

“The electronics & semiconductor segment of the focused ion beam market is projected to account for the largest size from 2019 to 2024.”

Among verticals, the electronics & semiconductor segment accounted for the largest share of the focused ion beam market in 2019. The growth of this segment can be attributed to the increasing consumer demand for fast, compact, pocket-friendly, and highly power-efficient portable devices. As the size of electronic components shrinks, it affects their reliability and performance. Focused ion beam systems are required to analyze the performance of these components.

“The focused ion beam market in APAC is projected to grow at the highest CAGR during the forecast period.”

The focused ion beam market in APAC is projected to grow at the highest CAGR from 2019 to 2024. The growth of the market in this region can be attributed to increased investments in R&D activities by government organizations and manufacturing companies as well as expansions of research centers carried out by focused ion beam system manufacturers in APAC. Governments of countries such as Japan, China, and India have been taking rapid initiatives to encourage companies to set up their manufacturing and R&D facilities there.

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Construction Robot Market Analysis & Technological Innovation by Leading Key Players worth 166.4 Million USD by 2023

New York, USA, November-12, 2019 /Semiconductor & Electronics -->

According to the new market research report "Construction Robot Market by Type (Traditional, Robotic Arm, and Exoskeleton), Automation, Function, Application (Public Infrastructure, Commercial and Residential Buildings, Nuclear Dismantling and Demolition), and Geography - Global Forecast to 2023", the construction robot market is valued at USD 76.6 Million in 2018 and is expected to reach USD 166.4 Million by 2023, at a CAGR of 16.8% between 2018 and 2023. The market is mainly driven by the factors such as enhanced productivity, quality, and safety due to the implementation of construction robots and growing urbanization worldwide.

The Major Players operating in Brokk (Sweden), Husqvarna (Sweden), Ekso Bionics (US), Komatsu (Japan), Fujita (Japan), Construction Robotics (US), Fastbrick Robotics (Australia), Autonomous Solutions (US), Conjet (Sweden), TopTec Spezialmaschinen (Germany), Apis Cor (Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun) (China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe Construction (Netherlands), CYBERDYNE (Japan), Giant Hydraulic Tech (China), Alpine Sales and Rental (US), and Beijing Borui Intelligent Control Technology (China).

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Browse 66 market data Tables and 32 Figures spread through 128 Pages and in-depth TOC on "Construction Robot Market - Global Forecast to 2023"

Construction robot market for exoskeleton to grow at highest CAGR during forecast period

The market for exoskeleton is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to the fact that most of the construction companies are expected to adopt exoskeletons for their workers to address the issue of labor shortage. The deployment of exoskeletons is likely to help workers to perform heavy work easily; hence, the use of exoskeleton is expected to improve work environment at construction sites.

Semi-autonomous construction robots held larger share of overall market in 2017

The semi-autonomous construction robots held a larger share of ~67.1% of the overall construction robot market in 2017. The need for broader and more efficient infrastructure, and improved infrastructure monitoring for predictive and corrective maintenance are the factors driving the market for the semi-autonomous construction robots.

Europe is major consumer of construction robots

Europe accounted for a major share of the overall construction robot market in 2017. The largest size of the European construction robot market is attributed to the large facilities of various companies for the development and production of the construction and demolition robots, increasing number of government regulations, and growing need for the residential and non-residential construction projects. Also, the European construction market is expected to grow tremendously in the coming years. The high rate of industrialization has increased the extent of construction activities in the region, leading to increasing demand for advanced construction equipment, such as robots.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Augmented Reality Market Analysis & Technological Innovation by Leading Key Players worth $85.0 billion by 2025

New York, USA, November-12, 2019 /Semiconductor & Electronics --> 

According to the new market research report "Augmented Reality Market by Offering (Hardware (Sensor, Displays & Projectors, Cameras), and Software), Device Type (Head-Mounted, Head-Up, Handheld), Application (Enterprise, Consumer, Commercial, Automotive), and Geography - Global Forecast to 2025", was valued at USD 4.2 billion in 2017 and is expected to reach USD 85.0 billion by 2025, at a CAGR of 33.7% from 2018 to 2025. Increasing demand for AR devices and applications in healthcare, increasing demand for AR in the retail and e-commerce, and rising investments in the augmented reality market are the major driving factors of the AR market. However, limited user interface affecting the navigation performance of augmented reality application and limited processing power, less storage, and restricted size of memory card in mobile phone are some of the major barriers for the growth of the AR market.

The Major Players operating in the Google, Inc. (US), PTC Inc. (U.S.), Microsoft Corporation (US), Wikitude GmbH (Austria), DAQRI LLC (US), Zugara, Inc. (US), Blippar (UK), Magic Leap, Inc. (US), Upskill (Austria), MAXST (South Korea), and Osterhout Design Group (US) are the leading players in the augmented reality market.

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Browse 67 market data Tables and 37 Figures spread through 171 Pages and in-depth TOC on "Augmented Reality Market - Global Forecast to 2025"

“Hardware component offerings for AR to grow at a higher CAGR during the forecast period”

The augmented reality market has been segmented on the basis of hardware and software component. The hardware offerings are further segmented into the components such as displays & projectors, cameras, semiconductor components, sensors, position trackers, and others. Camera has been an integral part of the augmented reality market which would, in the near future, provide optimum benefit to smartphone users. The increased use of mobile augmented reality will pave the path for optimum growth of these components. The growth of the segment is attributed to the increased adoption of the AR hardware devices majorly in enterprise and consumer applications. 

“Head–mounted displays to hold largest share of the augmented reality market during the forecast period”

The augmented reality head-mounted displays include typical HMDs, smart glasses, and smart helmets. The AR HMDs in the form of smart glasses are expected to lead the market owing to its widespread use in the enterprise sector. The efficiency and workforce management is expected to be the major use case for the use of HMDs in the enterprise and manufacturing application. 

“AR in enterprise application expected to grow at highest CAGR during the forecast period”

Augmented reality is used in enterprises for training personnel, providing information about industrial facility, re-modelling and redesigning, and industrial simulations. AR solutions help workers perform repairs in hazardous environments where visibility is low. Traditionally, training was conducted using classroom methods; however, the introduction of augmented reality has helped enhance the training methodology. Moreover, the usage of HMDs in the manufacturing setups is the major driver for the growth of enterprise application in the augmented reality market.

“APAC expected to be the largest AR market by 2025”

The augmented reality market in Asia Pacific is expected to grow at a high rate in sectors such as healthcare, commercial, and consumer. The increasing number of players in the region would boost the growth of the augmented reality market. The high growth in commercial and consumer markets is the major factor driving the growth of the augmented reality market in APAC. APAC registers the highest growth for consumer products such as smartphones, tablets, laptops, TVs, and others. This is because of emerging economies such as China and India, which are witnessing unparalleled growth, and other countries such as Taiwan, Indonesia, Singapore, and Malaysia, which have been exhibiting positive growth. Growing consumer and commercial markets with increasing investments in countries such as Japan, India, and China would boost the growth of the augmented reality market in APAC. The use of AR has increased in commercial and consumer markets in APAC, owing to the easy availability of the AR technology in the region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
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USA : 1-888-600-6441
newsletter@marketsandmarkets.com