69.85% CAGR For Mobile Augmented Reality Market Growth 2022 Led by Asia-Pacific

Mobile augmented reality market to grow at a high CAGR of 69.85% between 2016 and 2022. The mobile augmented reality market will reach $79.77 billion by 2022, at a CAGR of 69.85% between 2016 and 2022. The major reason for the growth of the mobile augmented reality technology is the increasing use of smart phones and tablets, adoption of advanced technologies, and implementation of software applications in mobile computing. The use of augmented reality applications in smart phones, tablets, smart glasses, and other devices have increased the scope of the mobile augmented reality market for different sectors. Complete report on mobile augmented reality market spread across 166 pages, profiling 12 companies and supported with 77 tables and 50 figures is now available at .

Demand for software components and smartphones expected to drive the mobile augmented reality market. The market for software components is expected to grow at the highest CAGR between 2016 and 2022. Software components include programming languages, platforms, interfaces, and software development kits (SDKs) used to develop mobile augmented reality apps. Also, for coordination with the real-world, software such as motion tracking, capturing algorithms, servers, and graphics libraries are required. The advancement in platform based-applications and networking services would lead the mobile augmented reality market. The demand for the Installation of various software applications in smartphones with high functionalities and embedded sensors, to sense the real environment and provide related virtual information simultaneously, is growing. Therefore, the demand for smartphones in mobile augmented reality is high.

APAC expected to be the fastest-growing mobile augmented reality market. This report covers the said market in North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The high adoption rates of new technologies demand for smart phones and tablets, and improving economic conditions are some of the important factors that have contributed to the growth of the mobile augmented reality market in the APAC region. Order a copy of this report at .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (25%), Tier 2 (50%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (35%), Director Level (25%) and others (40%) from various key organizations operating in the global mobile augmented reality market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (20%), APAC (30%), and RoW (5%).

The key players in the mobile augmented reality market profiled in this report are Google Inc. (U.S.), Qualcomm Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Microsoft Corporation (U.S.), Infinity Augmented Reality Inc. (Israel), Limited (U.K.), DAQRI LLC (U.S.), Wikitude GmbH (Austria), Metaio GmbH (Germany), Catchoom Technologies (Spain), Aurasma (U.K.), and Atheer Inc. (U.S.). Make an Inquiry on “Mobile Augmented Reality Market by Component (3D Cameras, Displays, Sensors, and Software), Application (Smartphones, Tablets, Personal Digital Assistants (PDA)/Game Consoles, Smart Glasses, and Wearables), Vertical, and Geography - Global Forecast to 2022”research report at .

On a related note, another research titled Terahertz Technology Market Analysis & Forecast to 2022 says, the global terahertz technology market is expected to reach USD 489.8 million by 2022, growing at a CAGR of 31.83% between 2016 and 2022. Increase in demand for terahertz technology-based products in the defense & homeland security and medical sectors and high adoption rate of these products for laboratory research applications are driving the growth of the global terahertz technology market. Companies like Advantest Corporation (Japan), TeraView (U.K.), Menlo Systems GmbH (Germany), AcalPlc (U.K.), and Microtech Instrument Inc. (U.S.) have been profiled in this 171 pages research report available at .

Explore more reports on Electronics market at .

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