Middle East & Africa Augmented Reality & Virtual Reality In Manufacturing Market Size & Outlook
Middle East & Africa augmented reality & virtual reality in manufacturing market, 2018-2030 (US$M)
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MEA augmented reality & virtual reality in manufacturing market highlights
- The MEA augmented reality & virtual reality in manufacturing market generated a revenue of USD 307.1 million in 2022.
- The market is expected to grow at a CAGR of 31.2% from 2023 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2022.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 307.1 million |
| Market revenue in 2030 | USD 2,696.4 million |
| Growth rate | 31.2% (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 |
| Key market players worldwide | CAE Inc, GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, Intuitive Surgical Inc, Siemens Healthineers AG ADR, EON Reality, Layar, BioflightVR, WorldViz, TheraSim, MindMaze |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.8% of the global augmented reality & virtual reality in manufacturing market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 22,825.6 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 |
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Middle East & Africa 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 55.19% in 2022. Horizon Databook has segmented the Middle East & Africa augmented reality & virtual reality in manufacturing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa augmented reality & virtual reality in manufacturing market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa augmented reality & virtual reality in manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa augmented reality & virtual reality in manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Augmented Reality & Virtual Reality In Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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