MAR global market to reach $74.8 billion by 2030

The global market for Mobile Augmented Reality (MAR) estimated at US$9.7 Billion in the year 2022, is projected to reach a revised size of US$74.8 Billion by 2030, growing at a CAGR of 29.1% over the analysis period 2022-2030, according to Research and Markets.

Software, one of the segments analyzed in the report, is projected to record 25.5% CAGR and reach US$40.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 35% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 28% CAGR

The Mobile Augmented Reality (MAR) market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$12.6 Billion by the year 2030 trailing a CAGR of 28% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.9% and 25.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20.3% CAGR.

CT Bureau