How are Evolving Wireless Technologies Fueling the Growth of the Global Industrial Augmented Reality Market?

Augmented reality is an advanced technology that utilizes the user's environment and offers a superior digital experience in a real-time environment by using sensory modalities. Augmented reality enables developers to integrate digital content with the actual world in real-time.

The Global Industrial Augmented Reality Market is likely to grow a CAGR of 45% during 2021-26. The market growth attributes to the mounting market penetration of smartphones & connected devices in various application verticals. Additionally, the rapidly expanding gaming industry boosts the market growth.

The major leading players in the Global Industrial Augmented Reality Market are Google Inc, PTC Inc, Upskill, Microsoft Corporation, Wikitude GmbH, Moverio, Epson, Lenovo, Daqri, Samsung, BeetSoft Co. Ltd, NEXT/NOW, 4Experience, and Quytech.

Augmented Reality (AR) means incorporating a user's real-time environment with digital information, ranging from small numbers or text to something much more complex like a simulation screen. However, the use of technology leads to excessive usage of smartphones, computers, and tables, thereby impacting mental health and causing stress disorders. Thus, mounting concerns regarding the excessive use of augmented reality-enabled devices is the biggest challenge that could hinder market growth in the forthcoming years.


The outbreak of the COVID-19 pandemic has severely affected the overall global economy due to the social distancing norms and decline in on-site staff. However, the shift of retail businesses and their customers towards digital shopping during the pandemic has enhanced the growth of the Industrial Augmented Reality Market across the world.

Further, the healthcare industry is witnessing the increasing adoption rate of augmented reality during the pandemic by enabling doctors to use a touch-free approach for tracking the scale of infection and helping them to avoid the virus spread among them.

The Global Industrial Augmented Reality Market has witnessed various strategic and technological developments in the previous few years, undertaken by the many market players to achieve their relevant market shares in this emerging domain. With numerous product launches by these market players, the global industrial augmented reality market is witnessing significant developments, thereby backing the overall market growth.

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