The worldwide market size for augmented reality is forecast to increase drastically in the next few years. Over the period from 2017 to 2025, the augmented reality market size is estimated to increase by over 195 billion U.S. dollars, increasing from roughly 3.5 billion in 2017 to over 198 billion U.S. dollars in 2025.
Augmented reality vs virtual reality
Augmented reality (AR) is a technology that blends digital components with the physical environment in such a way that they enhance each other but are easily told apart. AR makes use of sensory devices to modify a user’s environment to make it more meaningful through the ability to interact with it. One example of AR technology is the popular mobile game Pokémon Go. Virtual reality (VR) technology, on the other hand, creates a computer-generated simulation or recreation of a physical environment. VR immerses the user by making them feel like they are experiencing the simulation firsthand through the stimulation of their vision and/or hearing. Examples of VR technology include Facebook’s Oculus Rift and Sony’s PlayStation Virtual Reality.
AR use becoming more popular?
Consumer downloads of mobile augmented reality applications have been increasing worldwide since 2016. Total consumer downloads of augmented reality applications worldwide in 2022 are predicted at over 5.5 billion, a drastic increase from the 2016 downloads which were slightly over a billion.
Augmented reality (AR) market size worldwide in 2017, 2018 and 2025
(in billion U.S. dollars)
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BIS Research. (August 16, 2018). Augmented reality (AR) market size worldwide in 2017, 2018 and 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 06, 2024, from https://www.statista.com/statistics/897587/world-augmented-reality-market-value/
BIS Research. "Augmented reality (AR) market size worldwide in 2017, 2018 and 2025 (in billion U.S. dollars)." Chart. August 16, 2018. Statista. Accessed December 06, 2024. https://www.statista.com/statistics/897587/world-augmented-reality-market-value/
BIS Research. (2018). Augmented reality (AR) market size worldwide in 2017, 2018 and 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 06, 2024. https://www.statista.com/statistics/897587/world-augmented-reality-market-value/
BIS Research. "Augmented Reality (Ar) Market Size Worldwide in 2017, 2018 and 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Aug 2018, https://www.statista.com/statistics/897587/world-augmented-reality-market-value/
BIS Research, Augmented reality (AR) market size worldwide in 2017, 2018 and 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/897587/world-augmented-reality-market-value/ (last visited December 06, 2024)
Augmented reality (AR) market size worldwide in 2017, 2018 and 2025 (in billion U.S. dollars) [Graph], BIS Research, August 16, 2018. [Online]. Available: https://www.statista.com/statistics/897587/world-augmented-reality-market-value/