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The report offers a detailed analysis of the global augmented and virtual reality (ar/vr) market, highlighting key trends, growth drivers, challenges, and market forecasts for 2024. While ar has long been a. Enhanced processing power, better graphics, and the integration of artificial intelligence (ai) have enabled more realistic and immersive ar experiences, thereby driving innovation and popularity of augmented reality experiences across various industries.
By offering, hardware led with 67.5% of augmented reality market share in 2024, while software is forecast to expand at a 42.0% cagr through 2030 Augmented reality (ar) headsets have evolved significantly in 2025, offering enhanced hardware, refined user experiences, and growing software ecosystems By core technology, waveguide and diffractive optics held 51.3% revenue share in 2024
Microled is set to grow at 41.7% cagr to 2030.
Discover the best microsoft hololens alternatives Explore affordable ar solutions like magic leap, digilens argo, and meta quest pro for businesses of all sizes. Augmented reality (ar) is rapidly reshaping the way people interact with the world By overlaying digital information onto the physical environment, ar enhances the perception of reality,.
By 2023, the number of smartphone users globally increased to 6.92 billion, marking a 36.49% increase from 2019 Thus, companies operating in the ar and vr market are increasingly tapping the resourcefulness of these media to launch their products through various mobile application stores. Companies like microsoft, google, and magic leap are at the forefront of developing innovative hardware solutions that enhance the functionality and user experience of ar applications. We first give an overview of main ar applications, grouped into more than ten categories.
For this report, we focused on the evolution of augmented reality over the past 5 years, utilizing our platform’s trend intelligence feature
Key data points analyzed include Our data is refreshed regularly, enabling trend comparisons for deeper insights into their relative impact and importance.
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