Global AR Gaming Market Report 2020 - Mobile AR Gaming Market Projected to Grow at a 41.9% CAGR to Reach $21.7 by 2027

News provided by

Jul 15, 2020, 08:45 ET

DUBLIN, July 15, 2020 /PRNewswire/ -- The "AR Gaming - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global AR Gaming Market to Reach US$33.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for AR Gaming estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$33.5 Billion by 2027, growing at a CAGR of 41.3% over the analysis period 2020-2027.

Mobiles, one of the segments analyzed in the report, is projected to grow at a 41.9% CAGR to reach US$21.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the HMDs segment is readjusted to a revised 40.7% CAGR for the next 7-year period. This segment currently accounts for a 26.6% share of the global AR Gaming market.

The U.S. Accounts for Over 30.3% of Global Market Size in 2020, While China is Forecast to Grow at a 38.9% CAGR for the Period of 2020-2027

The AR Gaming market in the U.S. is estimated at US$903.8 Million in the year 2020. The country currently accounts for a 30.3% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.3 Billion in the year 2027 trailing a CAGR of 38.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 37.5% and 35% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 28.1% CAGR while Rest of European market (as defined in the study) will reach US$5.3 Billion by the year 2027.

Other Devices Segment Corners a 10.3% Share in 2020

In the global Other Devices segment, USA, Canada, Japan, China and Europe will drive the 39% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$247.1 Million in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.1 Billion by the year 2027.

The publisher brings years of research experience to this 6th edition of the report. The 109-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

Apple, Inc.
Augmented Pixels, Inc.
Blippar
Catchoom Technologies S.L.
Gamar Ltd.
Google LLC
Infinity Augmented Reality Ltd.
Microsoft Corporation
Niantic, Inc.
Nintendo Co. Ltd.
Qualcomm, Inc.
Sony Corporation
Total Immersion
VividWorks Ltd.
Wikitude GmbH
Zappar Ltd.

Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/m2o5dq

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets