The UAE Augmented and Virtual Reality Market is Projected to Grow at a CAGR of Over 55% During 2017-23
'UAE Augmented and Virtual Reality Market (2017-2023) Market Forecast By Type (Head Mounted Display, Head-Up Display, Smart Glass and Mobile Devices), By Verticals (Entertainment, Commercial, Automotive and Others), By Regions (Northern Emirates and Southern Emirates) and Competitive Landscape'
Burgeoning gaming industry, increasing penetration of online games, FDI in retail and commercial sectors along with surge in penetration of AR and VR technology in the automotive industry especially for research and development applications are few key factors which have fueled the growth of UAE augmented and virtual reality market. UAE market is projected to record sound growth over the next 10 years on the back of progressive acceptance of AR and VR technology in retail and commercial sectors.
According to this research, UAE augmented and virtual reality market is projected to grow at a CAGR of over 55% during 2017-23. With the introduction of mobile apps as well as declining prices of virtual and augmented reality headsets, the market registered an exponential growth of 112% during 2015-16. The market is further anticipated to register higher growth during the forecast period on the back of increasing usage of AR and VR headsets in the commercial sector for media, construction, and hospitality industries. Further, the market is also gaining acceptance in head-mounted and smart glasses for advertisements.
Additionally, head-mounted display segment contributed major share of the market revenues due to its high utilization in gaming and education sectors. Among all the verticals, the entertainment application acquired highest revenue share of the market. Whereas, over the next six years, the commercial and automotive applications are forecast to grow at a higher CAGR during the forecast period. Also, in UAE, the Northern region held major share of the AR and VR market in terms of market revenues on the back of growing commercial sector in Dubai emirate. The Northern region is further expected to maintain its dominance during the forecast period as well.
The report thoroughly covers the augmented and virtual reality market by type, verticals, and regions. The report also provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas and market drivers which would help the stakeholders to device and align market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical Data of Global Augmented and Virtual Reality Market for the Period 2014-2016
- Market Size & Forecast of Global Augmented and Virtual Reality Market until 2023
- Historical Data of UAE Augmented and Virtual Reality Market for the Period 2014-2016
- Market Size & Forecast of UAE Augmented and Virtual Reality Market Revenues until 2023
- Historic Data of UAE Head-Mounted Augmented and Virtual Reality Market Revenues for the period 2014-2016
- Market Size & Forecast of UAE Head Mounted Augmented and Virtual Reality Market Revenues until 2023
- Historic Data of UAE Head-Up Augmented and Virtual Reality Market Revenues for the period 2014-2016
- Market Size & Forecast of UAE Head-Up Augmented and Virtual Reality Market Revenues until 2023
- Historic Data of UAE Smart Glass Augmented Reality Market Revenues for the period 2014-2016
- Market Size & Forecast of UAE Smart Glass Augmented Reality Market Revenues until 2023
- Historical Data and Forecast of UAE Augmented and Virtual Reality Market, By Verticals
- Historical Data and Forecast of UAE Augmented and Virtual Reality Market, By Regions
- Market Drivers, Restraints, and Trends
- Company Profiles
- Key Strategic Pointers
Markets Covered:
The report provides detailed analysis of the following market segments:
By Types:
- Head Mounted Display
- Head-Up Display
- Smart Glass Mobile Devices
By Verticals:
- Entertainment
- Commercial
- Automotive
- Others
By Regions:
- Northern Emirates
- Southern Emirates
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- Apple ME FZCO
- DENSO Corporation
- Facebook Inc.
- Google Inc.
- HTC Corporations
- Microsoft Gulf FZ LLC
- Sony Middle East and Africa FZE