AR technology reached worldwide recognition after the launch of the popular mobile game Pokémon GO, one of the world’s leading gaming app titles. AR technology is used across numerous industries such as: healthcare, public safety, gas and oil, tourism, marketing etc. Everyone from tourists to soldiers to someone looking for the closest subway stop is able to benefit from this ability to place computer-generated graphics in ones field of vision.
In contrast to virtual reality (VR), which creates an artificial environment, AR simply makes use of the existing environment by overlaying new information on top of it. In AR, the information about the surrounding real world is made available to the user for information and/or interaction; for example in helmets for construction workers displaying information about the construction site. Worldwide shipment of smart augmented reality glasses are forecast to reach around 5.4 million units by 2020. The global augmented reality market is expected to grow significantly to about 90 billion U.S. dollars by 2020.
Revenue from augmented reality is projected to three times as high as that of VR by 2020. In 2022, AR hardware device shipments are projected to reach an estimated 68.9 million units—in comparison to 45.6 million VR hardware devices.