Global Augmented Reality & Virtual Reality In Manufacturing Market Size & Outlook
Global augmented reality & virtual reality in manufacturing market, 2018-2030 (US$M)
Related Markets
Global augmented reality & virtual reality in manufacturing market highlights
- The global augmented reality & virtual reality in manufacturing market generated a revenue of USD 8,010.8 million in 2022 and is expected to reach USD 62,707.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 29.3% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 4,554.4 million in 2022.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 8,010.8 million |
| Market revenue in 2030 | USD 62,707.8 million |
| Growth rate | 29.3% (CAGR from 2022 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 35.6% of the global augmented reality & virtual reality in manufacturing market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 12,070.2 million by 2030.
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Augmented Reality & Virtual Reality In Manufacturing Market Scope
Augmented Reality & Virtual Reality In Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global augmented reality & virtual reality in manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to augmented reality & virtual reality in manufacturing market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 56.85% in 2022. Horizon Databook has segmented the Global augmented reality & virtual reality in manufacturing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Augmented Reality & Virtual Reality In Manufacturing Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
- Global Augmented Reality & Virtual Reality In Manufacturing Technology Outlook (Revenue, USD Million, 2018-2030)
- Augmented Reality
- Virtual Reality
- Global Augmented Reality & Virtual Reality In Manufacturing Device Type Outlook (Revenue, USD Million, 2018-2030)
- HMD
- HUD
- Handheld Devices
- Global Augmented Reality & Virtual Reality In Manufacturing Application Outlook (Revenue, USD Million, 2018-2030)
- Product Design and Development
- Safety and Training
- Maintenance and Repair
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Our clientele includes a mix of augmented reality & virtual reality in manufacturing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global augmented reality & virtual reality in manufacturing market , including forecasts for subscribers. This global databook contains high-level insights into Global augmented reality & virtual reality in manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global augmented reality & virtual reality in manufacturing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Augmented reality & virtual reality in manufacturing market size, 2022 (US$M)
Global augmented reality & virtual reality in manufacturing market share, by component, 2022 & 2030 (%, US$M)
Augmented reality & virtual reality in manufacturing market: Opportunity assessment by country
Global augmented reality & virtual reality in manufacturing market, by region, 2022 (US$M)
Global augmented reality & virtual reality in manufacturing market size, by regions, 2018-2030 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 681.9 | 1,105.6 | 1,450.3 | 2,022.2 | 2,849.2 | 3,825.1 | 5,006.0 | 6,433.6 | 8,178.0 | 10,240.2 | 12,682.9 | 15,465.7 | 18,624.2 | 26.5% |
| Europe | 503.0 | 822.6 | 1,088.7 | 1,532.0 | 2,178.9 | 2,953.9 | 3,905.0 | 5,071.0 | 6,515.7 | 8,249.9 | 10,336.2 | 12,755.4 | 15,551.5 | 27.9% |
| Asia Pacific | 446.3 | 765.0 | 1,060.0 | 1,559.8 | 2,317.8 | 3,279.7 | 4,521.6 | 6,118.6 | 8,186.3 | 10,785.9 | 14,052.9 | 18,023.5 | 22,825.6 | 33.1% |
| Latin America | 76.2 | 127.1 | 171.7 | 246.5 | 357.8 | 495.1 | 668.0 | 885.3 | 1,161.1 | 1,500.7 | 1,919.4 | 2,418.1 | 3,010.0 | 30.5% |
| MEA | 63.8 | 107.1 | 145.6 | 210.3 | 307.1 | 427.3 | 579.9 | 772.9 | 1,019.1 | 1,324.2 | 1,702.4 | 2,155.5 | 2,696.4 | 31.2% |
| Overall | 1,771.1 | 2,927.4 | 3,916.3 | 5,570.8 | 8,010.8 | 10,981.1 | 14,680.5 | 19,281.4 | 25,060.2 | 32,100.9 | 40,693.7 | 50,818.2 | 62,707.8 | 29.3% |
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