The latest report states that the global Augmented Reality (AR) gaming market is expected to grow by $142.4 billion by 2030 from its current state of $28.3 billion in 2024.
The report entitled “AR Gaming Business Research Report 2024-2030” cited a 30.9% compound annual growth rate (CAGR) as a reason behind this speculation. It also displays the growing popularity of AR technologies across the gaming industry.
The AR gaming industry’s rapid growth is triggered by developments in both software and hardware. The AR Gaming Software segment is expected to reach $81.3 billion by 2030, growing at a 29.8% CAGR, while the AR Gaming Hardware segment is on an even higher growth, which is set to expand at a 32.6% CAGR.
To capitalize on the upcoming AR boom and immersive experience, leading tech companies like Apple, Augmented Pixels, Blippar, Catchoom Technologies, and Gamar are pumping money heavily into next-generation AR solutions.
U.S. and China Leading the Augmented Reality Race
According to the report, the United States AR gaming market will keep its dominance alive, which is currently valued at $8.4 billion in 2024. Unlike other sectors, U.S. tech giants are building an advanced technological infrastructure to meet strong consumer demand.
On the other side, China’s AR gaming market is expected to witness a 29.8% CAGR, reaching $21.2 billion by 2030. Apple’s Vision Pro, Microsoft’s HoloLens, and Magic Leap’s AR headsets are helping to push the boundaries of immersive gaming.
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