Thursday, March 23, 2023

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Automotive, Transportation and Warehousing Global Automotive AR and VR Market Research Report: Ken Research

Global Automotive AR and VR Market Research Report: Ken Research

According to a recent report published by Allied Market Research, titled,” Automotive AR and VR Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025,”the global automotive AR and VR market was valued at USD 213.0 million in 2017, and is projected to reach USD 673,602.2 million by 2025, registering a CAGR of 175.7% from 2018 to 2025.

At present, North America dominates the market, followed by Asia-Pacific, Europe, and LAMEA. U.S. dominated the global automotive AR and VR market in 2017, whereas Mexico is expected to grow at a significant rate in North America during the forecast period.

The advent of connectivity technological advancements primarily drive the growth of the market. In addition, high need of augmented and virtual reality in automotive and cost-effective benefits from the AR and VR based solutions are responsible for the growth of this market. However, the serious threats to the physical and emotional wellbeing of the end users and high dependence on internet connectivity are anticipated to hamper the growth of the AR and VR market. Furthermore, formation of mixed reality (MR) from integration of AR and VR and development of HUD system to enhance safety ensures emerging growth opportunities for this market.

Key Findings of the Automotive AR and VR Market:

In 2017, based on type, the augmented reality (AR) segment generated the highest revenue.

In 2017, based on application, the research & development segment was the highest revenue contributor.

In 2017, based on region, North America contributed the highest market revenue, followed by Asia-Pacific, Europe, and LAMEA.

Based on region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

The key players analyzed in this report are Continental, Microsoft, Visteon, Volkswagen, Unity, Bosch, DAQRI, HTC, Hyundai Motor, and Wayray.

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

For More Information, Click on the Link Below:-

Global Automotive AR and VR Market

Related Report:-

Global Automotive Augmented Reality (AR) and Virtual Reality (VR) Market 2019 by Company, Regions, Type and Application, Forecast to 2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

Automotive Lubricants in Malaysia is expected to Generate MYR 13 Billion by selling ~281 Million Liters of Lubricants by 2025: Ken Research

Buy Now 1. Increasing Automotive Demand and a Growing Number of Automotive OEMs Driving the Automotive Lubricants Industry in Malaysia The Malaysia Automotive Lubricants Market is...

The Vietnam lubricant market is expected to generate ~ 41 Trillion VND in 2026 | Ken Research

Buy Now Vietnam’s population is anticipated to grow to 98.5 Mn with 49.9% male population and 50.7% female population. About 62.9% population is urban...

Philippines Used Car Market: Ken Research

Buy Now 1. The Used Car Market of Philippines is growing at a impressive growth rate and expected to grow more in the coming years. The...

Most Popular

Revenue from the Australia Bags & Luggage market is expected to be ~ Mn in 2027F owing to increase in fast fashion & rising...

Buy Now The Australia Bags & Luggage market is moderately fragmented with major global players occupying almost half of the market. The key players operating...

Egypt Fitness equipment market is expected to generate revenue at a CAGR of ~8.5% in between 2021 and 2026 | Ken Research

Buy Now 1. The Fitness Industry in Egypt contributed 0.1% of GDP in 2020 employing a Total of ~20,500 people in all types of Fitness...

KSA Fitness market is poised to gain significant traction with a revenue generation of USD 250 Mn by 2026 owing to government initiatives such...

Buy Now Launch and expansion of approximately 163 hotel projects such as Radisson and Hyatt as envisaged by 2030, is expected to act as...

Indonesia sports equipment market is expected to grow owing to the rising sports popularity, growing disposable incomes and rising health consciousness among people in...

Buy Now In Indonesia Sports Equipment Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in...