The Augmented Reality market including augmented reality engine, software applications and augmented reality hardware such as smart glasses and HMDs is set to register a whopping 89 per cent CAGR by 2019, says a research published recently.
Atheer Labs, Aurasma, Blippar, Catchoom, Cinoptics, DAQRI, Meta, Metaio, NGRAIN, Laster Technologies, Lumus, ODG, Optinvent, Qualcomm, Rockwell Collins, Sensics, Seiko Epson, Technical Illusions, Thales, Total Immersion, Vuzix, Wikitude and Zappar are the major augmented reality market players covered in this research. There are several technological advancements taking place in the market that will help the AR devices perform better. Voice-based recognition allows a hands-free user experience by recognizing instructions given through voice commands. Siri and Google are some of the key voice command applications, which can be integrated with AR to build an ideal AR-HMD system.
According to this 2015 augmented reality market report, companies are focusing on developing a mobile workforce in order to function better. Healthcare, automotive, defense, oil and gas, and mining are some of the sectors that are investing heavily in automation to reduce human errors. Further, the report states that the augmented reality market is facing a tough challenge because majority of AR apps available in the market fail because of poor content and the lack of ability to add new content.
This report covers the present scenario and the growth prospects of the global augmented reality market for the period 2015-2019. It presents the vendor landscape and a corresponding detailed analysis of vendors in the market. The report, Global Augmented Reality Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers Americas, APAC, and EMEA; it also covers the landscape of the market and its growth prospects in the coming years. This report includes a discussion of the key vendors operating in this market. Order a copy of this latest AR report at Augmented Reality Market 2015.
Smart glasses are devices that are fitted with a small display and can also be used as conventional glasses. Smart glasses are a sleeker version of HMD and while the functioning of smart glasses is similar to HMDs, they also have a see-through display and look like a pair of normal glasses. The adoption of smart glasses is expected to increase significantly among enterprises and individual consumers for various applications in
healthcare, industrial use, and logistics, among others. Analysts forecast Global Smart Glasses market for Augmented Reality to grow at a CAGR of 194.2% over the period 2014-2019.