Market Report

Augmented Reality could transform the way you travel. If you have technology that supports augmented/ virtual reality such as a mobile device or a headset, then you can gain information about the places you visit, when you are there. Moreover, some applications may provide you a virtual tour before you go to a place, which may influence your decision. What is Augmented Reality & Virtual Reality? Augmented Reality is an “enhanced” version of reality created using technology to add images, information or both into the environment. Virtual Reality is a form of simulated environment created with computer technology. Although similar in concepts, Augmented Reality has been in use for some time, especially in the sports industry. Request Sample What are the applications of Augmented & Virtual Reality in the Tourism Industry? The tourism industry will face a new change when augmented reality comes into mainstream use. App developers could create their own tours and may allow the AR/V...

Initially it was thought that Augmented & Virtual Reality would be limited to the gaming industry, however, when big firms opened up to the different ways of using it Augmented Reality is used to indicate sponsors and show scoreboards in various sports while viewed from the television or the Internet. Some companies have been trialing music concerts of bands like Coldplay, AC/DC and Imagine Dragons. The idea is to make the virtual reality experience better than actually being there. What is Augmented Reality & Virtual Reality? Augmented Reality is an “enhanced” version of reality created using technology to add images, information or both into the environment. Virtual Reality is a form of simulated environment created with computer technology. Although similar in concepts, Augmented Reality has been in use for some time, especially in the sports industry. Request Sample What are the applications of Augmented & Virtual Reality in the Entertainment Industry? The entertainmen...

AR and VR for Gaming Market Overview The Market for AR and VR for Gaming is forecast to reach $11.0 billion by 2026, growing at a CAGR of 18.5% from 2021 to 2026. The market is driven by the growing popularity and integration of AR and VR technologies in mobile phones and other wearable devices. AR and VR are considered to seamlessly offer the most exciting emerging technologies on the planet for today’s life. The industries using the AR and VR technologies are forecasted to achieve the targeted valuation of over a Trillion dollars by 2025. Howsoever, AR has occupied a special place in the burgeoning mobile gaming world. Near about 50% of global game market apps displays no sign to lift-up as the handset that comes incorporated with the built-in camera which serves as a great source of Augmented Reality gaming. The rising demand for AR in the mobile gaming as well as the larger world of gaming will drive the market growth. Report Coverage The report: “AR and VR for Gaming Market– Fore...

The Augmented and Virtual Reality Market for Aerospace and Defense Industry is estimated to surpass $2,327.9Million by 2024 growing at an estimated rate of more than 39.4% during 2018 to 2024 majorly driven by the need of efficient solutions for the training purpose in these industries coupled with rising IoT devices. Therefore, significant increase in use of augmented and virtual reality devices will accelerate the growth of the market. What is Augmented and Virtual Reality? The Augmented Reality and Virtual Reality are related to each other but have some major differences which can be experienced by the user and the involvement of the user in a given situation and these two technologies are efficiently being used in aerospace and defense industry. Augmented reality is basically a technology in which is also an enhanced version of the real physical world by the use of visual elements. Augmented reality layers computer-generated enhancements to an existing reality in order to make i...