AR Gaming Market to Soar to $43.34 Billion by 2031, Driven by AI and WebAR Innovations

October 22, 2024
AR Gaming Market to Soar to $43.34 Billion by 2031, Driven by AI and WebAR Innovations
  • Various industries, including consumer goods, aerospace, defense, healthcare, and retail, are increasingly adopting AR technologies, supported by substantial investments from technology giants and private investors.

  • In the automotive sector, AR is enhancing vehicle safety and efficiency by overlaying digital data in real-world environments, and it allows consumers to interact with virtual 3D models of vehicles in showrooms.

  • The popularity of eSports continues to rise, with viewership expected to exceed 318 million by 2025, indicating its significance as a cultural phenomenon.

  • The integration of artificial intelligence, particularly Generative AI, is expected to significantly drive the mainstream adoption of augmented reality (AR) and extended reality (XR).

  • The augmented reality gaming market is projected to reach $43.34 billion by 2031, with a remarkable compound annual growth rate (CAGR) of 21.9%.

  • Electronic Arts Inc. (EA) has seen its stock rise 14.9% over the past six months, closing at $144.35, and holds a POWR rating of B, indicating a Buy recommendation.

  • Web-based Augmented Reality (WebAR) is emerging as a key technology, allowing users to engage with AR content without the need for mobile applications, thereby enhancing accessibility and user engagement.

  • Investors are exploring augmented reality stocks, with a focus on companies like The Glimpse Group, Conduent Incorporated, and MicroVision, Inc., particularly those priced under $5.

  • The AR market is experiencing significant growth driven by increased investments, particularly in training and industrial maintenance, which alone has attracted approximately $4.1 billion.

  • The gaming industry is projected to grow significantly, with estimates suggesting the market will reach $363.20 billion by 2027, growing at a CAGR of 8.8%.

  • Playtika Holding Corp. (PLTK) is set to acquire SuperPlay for $700 million, a move aimed at enhancing its mobile gaming portfolio.

Summary based on 6 sources


Get a daily email with more AI stories

More Stories