The Automotive AR & VR was valued at USD 389.5 million in 2018 and is expected to reach USD 218.45 billion by the year 2026, at a CAGR of 120.6% during the forecast period (from 2018 – 2026). The growth of the automotive AR & VR is majorly driven by the technological advancements in connectivity such as the development of 5G and increasing prevalence of 4G around the world
Augmented reality (AR) is a digital layer overlaid on the physical world. AR applications are established on special 3D programs that enable developers to combine contextual or digital content with the physical world. Further, it integrates the real-life environment with virtual details that improve the overall experience of the driver and passenger. This is attained by looking at real-life environments through a wearable like smart goggles, or AR-enabled headsets, smartphone, or tablet screen. AR in automotive is primarily used in the application that displays the features like navigations, and smart signaling on a windshield.
Virtual reality (VR) majorly uses head-mounted displays (HUDs) of goggles for the creation of an interactive & completely digital environment and visual feedback. Moreover, VR in the automotive industry is a 3D computer-generated environment, which takes the end customer to an artificial world.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2449
Ford is making use of Holo Lens (developed by Microsoft) to combine the old and new automotive designs, which save time and enables designers to experiment rapidly. Ford developed FIVE (Ford Immersive Vehicle Environment) system, which decodes designs into virtual cars. With the help of the technology, Ford enables designers to collaborate with each other sitting in across the globe, and then they can inspect car components down to the smallest level
AR & VR technologies are making their way efficiently in the global automotive industry. These technologies, with more technological development, can take on the throne in the next few years. Hence, several automotive OEMs are currently investing in the research, development, and implementation of automotive AR & VR products.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/automotive-ar-and-vr-market
Further key findings from the report suggest-
Reasons for Buying this Report
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2449
Table of Content:
Chapter 1. Automotive AR & VR Segmentation & Impact Analysis
1.1. Automotive AR & VR Segmentation Analysis
1.2. Automotive AR & VR Value Chain Analysis, 2016-2026
1.3. Regulatory Framework
1.4. Automotive AR & VR Impact Analysis
1.4.1. Driver Analysis
1.4.1.1. Technological Advancement of autonomous vehicles, 5G Network
1.4.1.2. Increasing Driver’s Safety Concerns
1.4.2. Restraint Analysis
1.4.2.1. Threats To The Physical And Emotional Wellbeing Of The End-Users
1.5. Key Opportunities Prioritized
1.6. Automotive AR & VR Pricing Analysis
1.7. Industry Analysis – Porter’s
1.8. Automotive AR & VR PESTEL Analysis
Chapter 2. Automotive AR & VR By Function Type Insights & Trends
2.1. Automotive AR & VR: By Function Type Dynamics & Share, 2018 & 20262.2. R&D
2.2.1. Estimates And Forecast, 2016 – 2026 (USD Million)
2.2.2. Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
2.3. Manufacturing & Supply….
For the purpose of this study, Reports and Data have segmented the industry by function, by Type, by Component and by Region:
Automotive AR & VR by Function (Revenue, USD Million; 2016–2026)
Automotive AR & VR by Type (Revenue, USD Million; 2016–2026)
Automotive AR & VR by Component (Revenue, USD Million; 2016–2026)
Automotive AR & VR by Region (Revenue, USD Million; 2016–2026)
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2449
About us:
Reports and Data is a research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Media ContactCompany Name: Reports and DataContact Person: John WatsonEmail: Send EmailPhone: +1-212-710-1370Address:40 Wall St. 28th floor City: New York CityState: NY 10005Country: United StatesWebsite: https://www.reportsanddata.com/report-detail/automotive-ar-and-vr-market