Parks Associates: Total Installed Base of Augmented Reality Head-Mounted Devices to Reach 6.5M Units by 2025

Industry report addresses current state of AR technologies and devices

News provided by

Apr 24, 2019, 08:17 ET

DALLAS, April 24, 2019 /PRNewswire/ -- Parks Associates research finds more than 60% of US broadband households are interested in receiving some sort of information enhanced by augmented reality (AR) on a handheld device or headset, with the most popular being navigation information. The report Augmented Reality: Innovations and Lifecycle notes that this interest persists despite low familiarity with AR—only 12% of heads of US broadband households are familiar with AR, increasing to 24% of millennials and 33% of Generation Z heads of household.

Parks Associates: Familiarity with Augmented Reality by Generation

"Interest in AR capabilities is high, and many people have unknowingly interacted with AR features through apps such as Instagram, Snapchat, Facebook Messenger, and iMessage, while Pokémon Go was the first AR mobile game to receive widespread attention and adoption," said Kristen Hanich, Senior Analyst, Parks Associates. "While familiarity with AR remains low, consumers are interested in the capabilities that come with AR—42% of US broadband households are interested in AR-enhanced navigation applications and 36% are interested in AI-enhanced price comparison."

Most current residential use cases center on apps for smartphones and handheld devices, while AR head-mounted devices (HMDs) are more focused on enterprise adoption. Augmented Reality: Innovations and Lifecycle estimates the total installed base in the enterprise market was under 300,000 units at end of 2018, to reach 6.5 million units in 2025.

"Most enterprise applications of augmented reality are in the pilot stage, and we anticipate AR HMDs will continue to see headwinds in the enterprise space until 2025 when improvements in technology, applications, and execution trigger widespread adoption," Hanich said.

Augmented Reality: Innovations and Lifecycle presents an overview of the current state of AR technologies and devices, with an emphasis on new innovations in the AR space that can help drive adoption. The report includes a deep dive into the activities of major AR players, including Microsoft, Apple, RealWear, and Magic Leap, as well as product lifecycle estimates.

Additional research includes:

Parks Associates consumer surveys find an increase in consumer awareness of AR of three percentage points since 2016.
Approximately 48 million US broadband households currently have access to Apple's ARKit platform via a compatible iPhone.
Out of all tested AR platforms, consumers report the highest level of familiarity with Google Glass, even though Google ended retail availability of these devices in early 2015.

For information on Augmented Reality: Innovations and Lifecycle, contact [email protected].

To schedule an interview with an analyst or to request specific research data, please contact Sherrelle Lewis at [email protected], 972-996-0214.

About Parks Associates

Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.

The company's expertise includes digital media and platforms, entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, support services, consumer apps, advanced advertising, consumer electronics, energy management, and home control systems and security.

Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, Connected Health Summit: Engaging Consumers, Smart Energy Summit: Engaging the Consumer, and Future of Video: OTT, Pay TV, and Digital Media. http://www.parksassociates.com

Contact:
Sherrelle Lewis
Parks Associates
972-996-0214
[email protected]

SOURCE Parks Associates