Mobile Augmented Reality Market Growth, Statistics, By Application, Production, Revenue & Forecast To 2029

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Mobile Augmented Reality Market Overview:

The Mobile Augmented Reality market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Mobile Augmented Reality Market, as well as the reasons for variations in the industry's growth across a number of sectors.

Anticipated Revenue Growth:

Mobile Augmented Reality Market size was valued at US$ 9.96 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 31.3% from 2022 to 2029, reaching nearly US$ 87.97 Bn.

Market Scope:

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

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Mobile Augmented Reality Market Segmentation:

The market is divided into MAR Software (AR application platforms, AR SDKs), and MAR Services based on the Offering (AR Design & Development, Deployment & Support Services). By 2029, it is anticipated that the MAR Software (AR application platforms, AR SDKs) segment will dominate the market. The market for MAR is anticipated to grow as a result of the robust expansion of businesses engaged in the creation of AR SDKs. Numerous companies are searching for new business opportunities and have started to concentrate on MAR's enterprise applications. The widespread use of mobile AR has been made possible by the ARCore and ARKit mobile AR SDKs created by Google and Apple, respectively. Gaming and lifestyle apps are the most popular AR apps that have been downloaded by numerous individuals.

Key Competitors:

Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.

The biggest players in the Mobile Augmented Reality market are as follows:

• PTC (US)
• Apple (US)
• Wikitude (Austria)
• Samsung Electronics (South Korea)
• Blippar (UK)
• MAXST (South Korea)
• Magic Leap US)
• Upskill (US)
• Atheer (US)
• Marxent Labs (US)
• Inglobe Technologies (Italy)
• Augment (France)

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Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Mobile Augmented Reality market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Mobile Augmented Reality Market:

End-user industries where Mobile Augmented Reality are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Mobile Augmented Reality manufacturers, affecting the Mobile Augmented Reality market's growth in 2020. End-user business demand for Mobile Augmented Reality has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.

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Key Questions Answered in the Mobile Augmented Reality Market Report are:

In 2021, which segment accounted for the most share of the Mobile Augmented Reality market?
What is the competitive landscape of the Mobile Augmented Reality market?
What are the key factors influencing Mobile Augmented Reality market growth?
In the Mobile Augmented Reality market, which region has the most market share?
What will be the CAGR of the Mobile Augmented Reality market during the forecast period (2022-2029)?
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