US augmented reality (AR) market is estimated to grow at a CAGR of more than 36.7% during the forecast period 2019-2025. The major factor that contributes towards the growth of the AR market in the US includes the rising awareness among people regarding AR technology. There are many sectors in the US including military, automobile, enterprises, and so on which are actively exploring AR technology. The US military has been implementing AR for quite some time now. The US military is using a head-mounted display device called TAR, which integrates the GPS information typically relayed via handheld devices into night vision goggles for enhanced target vision.
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This country also accelerates the utility of AR technology in the automobile sector. For this, the R&D labs of General Motors have been working closely with several universities, including Carnegie Mellon University and the University of Southern California, to build an AR system that could assist motorists in difficult driving situations. In addition to the automobile sector, the country also takes leverage of AR technology in the development of automated refrigerated warehouses to perform streamline inventory management. The increasing adoption of AR technology across the different applications in the country is anticipated to boost the growth AR market in the country.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
US Augmented Reality Market by Device Type
- Head-Mounted
- Head-Up
- Handheld
US Augmented Reality Market by Technology
- Monitor Based Technology
- Near Eye Based Technology
US Augmented Reality Market by Component
- Hardware
- Software
US Augmented Reality Market by Application
- Individual
- Commercials
- Others (Automotive, Defense, Tourism, Healthcare, Apparels & Accessories)
Company Profiles
- Wayray AG
- Vuzix Corp.
- Zugara, Inc.
- Thales Group
- Seiko Epson Corp.
- Rokid Corp. Ltd.
- Qualcomm Technologies Inc.
- PTC Inc.
- Niantic Inc.
- Microsoft Corp.
- Magic Leap, Inc
- Intellectsoft LLC
- Apple, Inc.
The Report Covers
- Comprehensive research methodology of the US augmented reality market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US augmented reality market.
- Insights about market determinants which are stimulating the US augmented reality market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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