Automotive Augmented Reality Market size to grow by $ 5.10 bn at about 32% CAGR during 2021-2025
The emergence of virtual reality showrooms & events driving the Automotive Augmented Reality And Virtual Reality Market
NEW YORK, Sept. 16, 2021 /PRNewswire/ — Technavio’s latest offering for Automotive Augmented Reality And Virtual Reality Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.
The automotive augmented reality and virtual reality market is estimated to grow by $ 5.10 bn during 2021-2025, growing at a CAGR of about 32%.Download a free sample report now!
The automotive augmented reality market is driven by factors such as the emergence of virtual reality showrooms and events, electrification of automotive mechanics, and the augmented reality for automotive repairs. However, the slowdown in the automotive industry is hindering market growth.
The TFT to DMD evolution is expected to open multiple growth opportunities for players in the market. But the connectivity issues, low awareness, and high expectation impact ar adoption might impact the business of vendors during the forecast period.
The automotive augmented reality and virtual reality market report includes information on the product launches, sustainability, and prospects of leading vendors including Continental AG, DENSO Corp., Garmin Ltd., Hyundai Motor Co., JAGUAR LAND ROVER AUTOMOTIVE PLC, Microsoft Corp., Nippon Seiki Co. Ltd., NVIDIA Corp., Robert Bosch GmbH, and Volkswagen AG.
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
By Technology, the market is classified into AR and VR segments. The automotive augmented reality and virtual reality market share growth by the AR segment has been significant and is expected to provide significant growth opportunities to market vendors.
By Geography, the market is classified as Europe, APAC, North America, MEA, and South America. Europe will have the largest share of the market.
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Key Topics Covered:
Value chain analysis
Five Forces Analysis
Market Segmentation by Technology
Comparison by Technology
AR – Market size and forecast 2020-2025
VR – Market size and forecast 2020-2025
Market opportunity by Technology
Europe – Market size and forecast 2020-2025
APAC – Market size and forecast 2020-2025
North America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
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