Mobile Augmented Reality Market Size, Share, Growth, and Industry Analysis, By Type (Hardware Equipment, Software Service), By Application (Medical Field, Military, Industrial Maintenance, Network Communication, Entertainment, Other), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

Mobile Augmented Reality Market REPORT OVERVIEW

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The global mobile augmented reality market size was USD 13720 million in 2021 and the market is projected to touch USD 91000 million by 2028, exhibiting a CAGR of 30.4% during the forecast period.

Mobile Augmented Reality (AR) refers to the integration of digital information and virtual elements into the real-world environment using mobile devices such as smartphones or tablets. This technology overlays computer-generated content, such as 3D models, graphics, or information, onto the user's view of the physical world through the device's camera and display. Mobile AR enhances user experiences by blending the virtual and real worlds seamlessly, allowing users to interact with and manipulate digital elements in their surroundings. Common applications of mobile AR include gaming, navigation, education, and shopping, where users can engage with immersive and interactive content. It leverages sensors, cameras, and other hardware components in mobile devices to track and understand the user's environment, providing a dynamic and personalized experience. As technology continues to advance, mobile AR holds the potential to revolutionize various industries and redefine how people interact with digital information in their daily lives.

The mobile augmented reality market has experienced remarkable growth in recent years, driven by technological advancements, increased smartphone penetration, and a growing demand for immersive user experiences. Augmented Reality, which overlays digital information onto the real world through mobile devices, has found widespread applications across various industries, including gaming, education, healthcare, and retail. One key driver of the market's growth is the proliferation of powerful smartphones equipped with advanced sensors and cameras capable of delivering high-quality AR experiences. The increasing availability of AR software development kits (SDKs) has also empowered developers to create innovative and diverse AR applications. As a result, consumers are increasingly adopting AR-enabled mobile apps for entertainment, productivity, and practical purposes. The gaming sector has played a pivotal role in propelling the Mobile AR market forward, with popular titles incorporating AR elements to enhance gameplay and engagement. Moreover, industries such as education and healthcare have embraced AR for training simulations, medical education, and enhancing learning experiences.

COVID-19 Impact: Market Growth Increased By Pandemic Due to Virtual Meetings

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The mobile augmented reality market experienced a positive impact from the COVID-19 pandemic as the global health crisis accelerated the adoption of AR technologies. With lockdowns and social distancing measures in place, businesses and individuals sought innovative ways to connect and engage remotely, leading to a surge in demand for AR applications on mobile devices. Industries such as e-commerce, education, healthcare, and entertainment embraced mobile AR to enhance user experiences and bridge physical gaps. Remote collaboration, virtual events, and virtual try-on experiences became essential features, driving the market's growth. The pandemic acted as a catalyst for businesses to explore and invest in AR solutions, fostering a long-term shift towards integrating augmented reality into mobile platforms for various applications. As a result, the mobile AR market experienced increased relevance and opportunities, showcasing its resilience and adaptability in the face of global challenges.

LATEST TRENDS

"Integration with 5G Technology to Drive Market Growth"

The advent of 5G technology has significantly impacted the mobile augmented reality market. The increased network speed and lower latency have enabled more seamless and immersive AR experiences on mobile devices. This integration has opened up new possibilities for AR applications, especially in areas like gaming, navigation, and remote collaboration. Mobile AR is increasingly being utilized in e-commerce for virtual try-ons and product visualizations. Retailers have been leveraging AR to enhance the online shopping experience, allowing consumers to virtually "try before they buy." This trend is likely to continue as businesses recognize the potential of AR in improving customer engagement and reducing return rates. The availability of more sophisticated AR development tools and platforms has facilitated the creation of diverse and high-quality AR applications. This has led to an increase in the number of AR apps across various industries, ranging from education and healthcare to marketing and entertainment. Social media platforms have embraced AR features to enhance user engagement. Filters, effects, and interactive elements powered by AR have become popular on platforms like Instagram, Snapchat, and TikTok. This trend reflects the growing demand for immersive and shareable AR experiences among social media users.

MOBILE AUGMENTED REALITY MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Hardware Equipment, Software Service.

Hardware Equipment: On the hardware side, devices such as smartphones and tablets play a crucial role. These devices typically come equipped with high-resolution cameras, sensors (such as accelerometers and gyroscopes), and powerful processors, enabling them to capture and process real-world information in real-time. Additionally, some dedicated AR glasses or headsets are designed specifically for augmented reality experiences, providing a hands-free and more immersive interaction.

Software Service: On the software front, AR applications and services play a pivotal role in creating and delivering augmented experiences on mobile devices. AR software often includes computer vision algorithms for object recognition, tracking, and mapping the physical environment. Development kits and frameworks, like ARKit for iOS and ARCore for Android, provide tools for developers to create AR apps. Cloud-based services are also crucial, as they enable the storage and retrieval of AR content, facilitating seamless experiences across multiple devices.

• By Application

Based on application the global market can be categorized into Medical Field, Military, Industrial Maintenance, Network Communication, Entertainment, Other.

Medical Field: Mobile Augmented Reality (AR) plays a significant role in the medical field by enhancing diagnostic and surgical procedures. Surgeons can utilize AR applications on mobile devices to overlay critical patient information, such as CT scans or X-rays, directly onto the surgical field. This technology facilitates more precise surgeries, reduces errors, and improves overall patient outcomes. Additionally, medical professionals can use AR for training purposes, allowing them to practice complex procedures in a simulated environment using mobile devices.

Military: In the military, Mobile Augmented Reality is employed for training, situational awareness, and mission planning. Soldiers can use AR-equipped mobile devices to receive real-time data about their surroundings, identify potential threats, and navigate complex terrains. Augmented reality applications also enhance training exercises by simulating realistic combat scenarios, providing soldiers with immersive and interactive experiences to better prepare them for various situations.

Industrial Maintenance: In industrial settings, AR on mobile devices aids in maintenance tasks by providing technicians with interactive visualizations of equipment, step-by-step instructions, and real-time data overlays. Maintenance personnel can use AR applications to identify faulty components, access relevant manuals, and receive remote assistance. This not only improves the efficiency of maintenance operations but also reduces downtime and enhances overall workplace safety.

Network Communication: Mobile AR is increasingly being integrated into network communication applications. For instance, technicians can use AR on mobile devices to visualize network layouts, troubleshoot connectivity issues, and identify faulty components. This technology enables faster and more efficient communication in the field, allowing professionals to collaborate and resolve network issues promptly.

Entertainment: In the entertainment industry, Mobile Augmented Reality offers immersive experiences through games, interactive storytelling, and location-based entertainment. AR games on mobile devices allow users to interact with virtual elements overlaid onto the real world, creating engaging and entertaining experiences. Moreover, AR is used to enhance live events, such as concerts or sports, by providing spectators with additional information and interactive content on their mobile devices.

Others: Mobile Augmented Reality finds applications in diverse fields such as education, tourism, and retail. In education, AR on mobile devices enriches learning experiences by providing interactive educational content. In tourism, AR guides on mobile devices offer users information about landmarks, historical sites, and points of interest. In retail, AR enhances the shopping experience by allowing customers to virtually try on products or visualize how furniture and decor items would look in their homes before making a purchase.

DRIVING FACTORS

"Proliferation of Smartphones and Tablets to Boost the Market Growth"

The widespread adoption of smartphones and tablets has been a primary catalyst for mobile augmented reality market growth. With a growing user base, these devices serve as a ubiquitous platform for AR applications, enabling users to seamlessly interact with augmented content. The increasing processing power and advanced sensors embedded in modern mobile devices enhance the overall AR experience, driving consumer engagement and market demand. Ongoing advancements in AR technologies have significantly improved the quality and capabilities of mobile AR applications. The integration of features like depth sensing, real-time mapping, and improved object recognition has elevated the level of immersion and interactivity in AR experiences. This continuous innovation is attracting both consumers and businesses, fostering a vibrant ecosystem for Mobile AR development. The gaming and entertainment industry has emerged as a key driver for Mobile AR adoption. AR-based games, like Pokémon GO, have showcased the potential of blending virtual elements with the real world, captivating a massive audience. This success has prompted developers and content creators to explore new avenues within the entertainment sector, such as AR-enhanced live events, immersive storytelling, and interactive experiences.

"Enterprise Adoption for Productivity to Expand the Market"

Beyond consumer applications, businesses are increasingly recognizing the value of AR for enhancing productivity and efficiency. Mobile AR is being leveraged in various industries, including manufacturing, healthcare, and education, to provide hands-free guidance, training simulations, and real-time data visualization. The potential for cost savings and improved workflow processes is driving enterprise investments in mobile augmented reality solutions. The e-commerce sector is incorporating AR to revolutionize the online shopping experience. Mobile AR applications enable consumers to visualize products in their real-world environment before making a purchase, reducing uncertainties and enhancing the decision-making process. Retailers are leveraging AR to bridge the gap between physical and online shopping, creating a more immersive and interactive shopping experience. The expanding developer community dedicated to creating AR applications for mobile platforms plays a pivotal role in the market's growth. Platforms and tools for AR development are becoming more accessible, empowering developers to create diverse and innovative applications. This trend fosters a cycle of innovation, with new and compelling AR experiences continually entering the market.

RESTRAINING FACTORS

"Limited Hardware Capabilities to Impede Market Growth"

Mobile devices have inherent limitations in terms of processing power, memory, and graphics capabilities. These constraints can hinder the seamless execution of complex augmented reality (AR) applications, impacting the overall user experience. AR applications are known to consume significant amounts of power, draining the battery life of mobile devices rapidly. This limitation can deter users from engaging in prolonged AR experiences, especially in situations where recharging is not convenient.

MOBILE AUGMENTED REALITY MARKET REGIONAL INSIGHTS

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The market is segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America to Dominate in the Market due to Presence of a Large Consumer Base"

North America has emerged as the most dominant region in the global mobile augmented reality market share. The region's early embrace of augmented reality technology, coupled with a robust infrastructure and a tech-savvy population, has propelled it to the forefront of the market. The U.S., in particular, has seen widespread adoption of mobile AR applications across various sectors, including gaming, retail, healthcare, and education.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Mobile augmented reality market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in Mobile augmented reality, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Google (U.S.)
• Qualcomm (U.S.)
• Microsoft (U.S.)
• Infinity Augmented Reality (Israel)
• Samsung Electronics (South Korea)
• Blippar (U.K.)
• Daqri (U.S.)

INDUSTRIAL DEVELOPMENT

January 2024: The projected Vision Pro headset from Apple Inc. is scheduled to go on sale in the United States on February 2, 2024. The announcement was made in January of that year. The sophisticated R1 chip in this state-of-the-art gadget is intended to speed up the information processing from its sensors. The headset's weight was also addressed by the manufacturer by adding an additional battery, which allowed for a two-hour runtime.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.