Global Augmented Reality in Retail Market to Reach $57.1 Billion by 2030
The global market for Augmented Reality in Retail estimated at US$12.5 Billion in the year 2023, is expected to reach US$57.1 Billion by 2030, growing at a CAGR of 24.3% over the period 2023-2030. AR Software & Services, one of the segments analyzed in the report, is expected to record 23.8% CAGR and reach US$32.9 Billion by the end of the analysis period. Growth in the AR Hardware segment is estimated at 25% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 22.4% CAGR
The Augmented Reality in Retail market in the U.S. is estimated at US$4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.9 Billion by the year 2030 trailing a CAGR of 22.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.3% and 20.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook