Augmented Reality Statistics You Must Know

December 29, 2021

In 2021, we witnessed a spike in the adoption of augmented reality. Though pandemic may have played its part in this widespread, this immersive technology is here to stay even after the pandemic. By enabling companies to provide augmented support and helping them uniquely engage with customers, augmented reality has already become a huge part of our lives.

As most people now prefer augmented reality to better interact with products and services, business owners now choose AR to better engage with their customers. Here we have listed four interesting augmented reality statistics that you must know if you are a tech enthusiast.

• AR market is estimated to have a market value of USD 88.4 billion by 2026

The rising demand for AR devices and applications in various sectors has driven the growth of AR. With this surge in the demand of AR, the augmented reality market is now expected to grow at a CAGR of 31.5% from 2021 to 2026 and reach USD 88.4 billion by 2026

• Mobile augmented reality users are expected to exceed USD 3.5 billion by 2022

With smartphones becoming more and more popular and AR being able to access quickly on any mobile device has resulted in the surge of mobile AR users. By 2022, we expect the total mobile AR users to exceed USD 3.5 billion.

• AR is gradually shifting to industrial purposes

Though most people are familiar with the applications of AR in gaming and other sectors, the industrial applications of AR are not known by all. But the reality is that augmented reality is gradually tilting towards industrial applications (more than 60%) as there is a huge demand for it, especially since the pandemic and remote work.

• 71% of the consumers say they would shop more if they used AR

The consumer augmented reality growth looks promising as more than 70% of the consumers prefer augmented reality experience while shopping.

Summary

Augmented reality is growing with each passing day, and its applications are widening to numerous verticals. With the popularity of smartphones, the above statistics are bound to grow in the future. If you are in search of an augmented reality solution for your organization, send us a mail at info@iboson.io.