Global AR in Education Market to Reach US$82.1 Billion by 2027
SAN FRANCISCO, May 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "AR in Education - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: May 2021
Executive Engagements: 18634
Companies: 69 - Players covered include Aug That; Blippar; Chromville; Curiscope Ltd.; DAQRI; EON Reality, Inc.; GAMOOZ Interactive Solutions Pvt. Ltd.; Google LLC; InGage Technologies; Magic Leap, Inc.; Meta Company; Popar; QuiverVision Limited and Others.
Coverage: All major geographies and key segments
Segments: End-Use (AR in K-12, AR in Higher Education)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global AR in Education Market to Reach US$82.1 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for AR in Education estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$82.1 Billion by 2027, growing at a CAGR of 77.2% over the period 2020-2027.AR in K-12, one of the segments analyzed in the report, is projected to grow at a 74.1% CAGR to reach US$27.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the AR in Higher Education segment is readjusted to a revised 79% CAGR for the next 7-year period. This segment currently accounts for a 61.6% share of the global AR in Education market.
The U.S. Accounts for Over 30.7% of Global Market Size in 2020, While China is Forecast to Grow at a 73.5% CAGR for the Period of 2020-2027
The AR in Education market in the U.S. is estimated at US$458.9 Million in the year 2020. The country currently accounts for a 30.71% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$12.6 Billion in the year 2027 trailing a CAGR of 73.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 68.9% and 66.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 52.8% CAGR while Rest of European market (as defined in the study) will reach US$12.6 Billion by the year 2027. More
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