NEW YORK , Aug. 7, 2024 /PRNewswire/ -- The global mobile augmented reality (AR) market size is estimated to grow by USD 211.97 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 45.7% during the forecast period. Increasing dependence on apps and the proliferation of ar apps for numerous activities is driving market growth, with a trend towards emergence of depth-sensing cameras.
However, constraints in hardware capabilities used in mobile AR poses a challenge. Key market players include Alphabet Inc., Apple Inc.
, Augmented Pixels Inc., Blippar Ltd., Independiente Communication Ltd.
, Inglobe Technologies Srl, Lenovo Group Ltd., Magic Leap Inc., mCloud Technologies Corp.
, Niantic Inc., Plural Technology Pvt. Ltd.
, PTC Inc., QuestUpon, Robert Bosch GmbH, Seabery Augmented Technology SL group, Seiko Epson Corp., VividWorks Oy, weAR Srl, Wikitude GmbH, and Zugara Inc.
. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Depth-sensing cameras, also referred to as 3D cameras, offer advanced capabilities for mobile augmented reality (AR) experiences. These cameras can determine the distance of objects in the environment, enabling more immersive and realistic AR applications.
The demand for such experiences is growing among consumers and businesses alike. Depth-sensing cameras allow for the seamless blending of virtual content with the real world, enhancin.