Mobile Augmented Reality Market Launch of Apple’s Launch of Development Platform, ARKit, to Boost Innovation

According to the latest market research report, “Mobile Augmented Reality Market: By Component (3D Cameras, Displays, Sensors and Software), By Application (Smartphones, Tablets, PDA/Game Consoles, Smart Glasses and Wearables), By Vertical (Medical, A&D) & By Region-Forecast (2016-2021)”, published by IndustryARC, estimates that the North American market will continue to serve as fertile ground for breakthrough AR applications in the future.

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The Mobile Augmented Reality Market is primarily involved with the advancement of a revolutionary piece of technology that enables the display of a redesigned point of view of reality, which is graphically driven by a smartphone and extremely fashionable in the entertainment sector. Augmented reality apps prompt users to view data related to physical things present in close proximity, and thus revolutionizing the way humans experience and interact with their surroundings. Augmented reality makes such an interactive experience possible by integrating physical objects from the real world, instead of manufacturing an entirely artificial, and possibly unrealistic experience.

Mobile augmented reality has the capability to enhance the real world as well as the objects within it by overlaying digital data optimized to nourish human sensory perception. The ubiquitous usage of cell phones and tablets is predicted to spur the grwoth of the Mobile Augmented Reality Market. Greater integration of augmented reality in nascent industrial sectors, for example, tourism and E-business, has prompted the big augmented reality companies to redirect their efforts into the development of convenient bodywear gadgets like augmented reality glasses.

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Scope & Regional Forecast of the Mobile Augmented Reality Market:
Smartphones which are capable of integrating augmented reality technology are gradually growing more noticeably effective and cheaper. The budding capabilities of cutting-edge hardware, for example, portable projection gadgets that enable advanced AR applications to operate, a new generation of 3D models of real world objects with greater reception of 3D cameras are urging key players to place greater resources into R&D, which is in turn resulting in the growth of the Mobile Augmented Reality Market.

Geographically, North America is anticipated to hold the biggest share in the Mobile Augmented Reality Market in 2016 because of superior technological advances, a rise in technologically-oriented population and superior mobile connectivity. North America was followed by Europe and Asia-Pacific as the second and third biggest areas for mobile augmented reality.

Segmentations & Key Players Involved in the Mobile Augmented Reality Market
The Mobile Augmented Reality Market can be broken down into various segmentations on the basis of –

Component: 3D Camera, Sensor (Accelerometer, Gyroscope, Magnetometer, Global Positioning System, Proximity Sensor), Semiconductor Component (Controller/Processor, Integrated Circuit), Display and Software Component.
Application: Smartphones, Tablets, Personal Digital Assistants (PDAs)/Handheld Game Consoles and Smart Glasses and Wearables.
Vertical: Consumer, Aerospace & Defense, Medical, Industrial, Tourism, E-Commerce and Others.
Geography: Europe, Asia-Pacific, North America and Rest of the World.

Some of the key players involved in the Mobile Augmented Reality Market are as follows:

Infinity Augmented Reality Inc.
Samsung Electronics Co. Ltd.
Blippar.Com Ltd.
Daqri Llc
Wikitude GmbH

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Identifies growth sectors and factors driving or constraining the market.
The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
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