Augmented Reality Headsets Market Size To Touch $78.47 Billion By 2025 Due To Rising Trend of Adoption of Wearable Devices Coupled With Advanced Technology | Million Insights
The global Augmented Reality Headsets Market is anticipated to value USD 78.47 billion until 2025. It is also expected to register a CAGR of 73.8% over the forecasted years, 2019 to 2025. The shifting trend towards the adoption of wearable devices coupled with the emergence of technologies like IoT and augmented reality is projected to drive the market growth for AR headsets.
The standalone headset segment held a dominant share of nearly 48.0% in 2018 due to its features such as near-eye display, LCoS cameras, and optical see-through. On the other hand, the tethered headset segment is expected to register a CAGR of 74.4% over the forecasted period, 2019 to 2025 on account of high performance and operational efficiency.
The enterprise application segment dominated the global market with a share of 84% in 2018 on account of the surging need of AR headsets in applications like catalog management, research, advertisement, and product assortment. While the consumer application engagement is also projected to gain traction in the upcoming years owing to the rising usage of smartphones and AR-based mobile applications to enhance the user’s virtual experience.
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In 2018, North America held the largest share exceeding 38.0% across the AR headsets market owing to the increasing usage of these headsets across several enterprises and AR-based startups residing in this region. While the Asia Pacific is anticipated to register the fastest growth from 2019 to 2025 on account of increasing disposable income among the millennial population across China and India coupled with the availability of raw materials at lower cost prices.
The market for augmented reality headsets includes key players such as Sony Corporation, Kopin Corporation, Google LLC, Microsoft, and RealWear Inc. They are engaged in developing strategies like acquisitions and mergers for widening their geographical reach and to gain a competitive advantage.
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Further key findings from the report suggest:
• The enterprise application segment dominated the global market with share of 84.0% in 2018.
• The standalone headset segment is projected to account for largest share of 48.0% across the global market in 2018.
• In 2018, North America held the largest share of around 38.0% across the global AR headsets market.
• The key players in this market are Sony Corporation; Kopin Corporation; Google LLC; Microsoft; and Real Wear, Inc.
Million Insights has segmented the global augmented reality headsets market on the basis of type, application, and region:
Augmented Reality Headsets Type Outlook (Revenue, USD Million, 2015 – 2025)
• Standalone Headsets
• Tethered Headsets
• Smartphone-enabled Headsets
Augmented Reality Headsets Application Outlook (Revenue, USD Million, 2015 – 2025)
• Enterprise
• Consumer
Augmented Reality Headsets Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Middle East & Africa
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