Global Augmented Reality in Automotive Market Anticipated to Cross USD 90.0 Billion by 2024

New York, USA, 2018-Aug-30 — /EPR Network/ —According to Goldstein Research, the global augmented reality in automotive market size is expected to surpass USD 90.0 billion by 2024, growing at a compounded annual growth rate of +32% during the forecast period 2016-2024. The total automotive industry acquires 12% market share of total augmented reality industry. Further, the growth in investments by the automobile manufacturers directed towards inclusion of advanced technologies like augmented reality into the automobiles is driving the growth of the market.

Augmented reality in automotive market segmentation has been carried out on the basis of product type, components, vehicle type, and geography. On the basis of product type, Standard AR HUD units segment is anticipated to acquire a large market share in the near future. The global augmented reality in the automotive industry is largely driven by North America with a market share of 40% in 2016, followed by the Asia Pacific region. Global automotive augmented reality market is at a nascent stage and the companies such as Volkswagen are including it such that recently the company had introduced an app for its luxury brand Audi AG which lets customers to experience its AR-based test drive.

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Market Segmentation

On the basis of our in-depth analysis, Global Augmented Reality in Automotive Market can be segmented as follows:

By Product Type

  • Standard AR HUD
  • AR HUD based Navigation
  • AR HUD based Adaptive Cruise Control
  • AR HUD based Lane Departure Warning

By Components

  • Software
  • Hardware
  • Cameras
  • Sensors
    • Radars
    • LIDARs
    • Image Sensors

By Vehicle Type

  • Electric Vehicles
  • Autonomous Vehicles
  • Conventional Vehicles

By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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 “Global Augmented Reality in Automotive Market Outlook 2024” contains a detailed overview of the global augmented reality in the automotive market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, components, and vehicle type.

Further, for the in-depth analysis, Global Augmented Reality in Automotive Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Volkswagen Group, Daimler Group, Continental AG, WayRay SA, Visteon Corporation, Panasonic Corporation, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global augmented reality in automotive market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global Augmented Reality in Automotive Report

  • What is the Global Augmented Reality in Automotive Market Size by 2024 and what would be the expected growth rate of the market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the augmented reality in automotive market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to augmented reality in the automotive market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry-level players?
  • What are the recent developments and business strategy of the key players?

About Goldstein Research

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Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automotive industry market research report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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