UAE Augmented and Virtual Reality Market (2017-2023) | companies, Future, Outlook, Revenue, Analysis & Forecast

Latest 2023 Development of the UAE Augmented and Virtual Reality Market

UAE Augmented and Virtual Reality Market are one of the prominent markets. There have been various new developments over the years. For instance, the UAE opened the world's largest indoor virtual reality theme park along with features over 30 virtual reality experiences spread across two levels in the Dubai Mall. Additionally, the introduction of AR-based mobile apps to enhance customer experience is another major development of this market. Moreover, many companies in the UAE are using AR/VR to train their employees in a more interactive and engaging way. In addition to this, UAE hosted the world's first virtual reality conference which brought together experts from the AR/VR industry from around all over the world.

The UAE has also started using AR/VR in the healthcare sector to help doctors and nurses better visualize and plan surgeries. Overall, the UAE Augmented and Virtual Reality Industry size has seen significant growth with companies across various industries leveraging these technologies to enhance their customer experiences.

UAE Augmented And Virtual Reality Market Synopsis

The growing entertainment industry and increasing penetration of smartphones along with online gaming are some of the key factors which are driving the growth of the UAE augmented and virtual reality market. In the overall AR and VR market of UAE, the AR segment alone accounted for the majority of the revenue share and is expected to contribute further during the forecast period as well; attributed to the increasing development of AR-based apps and games resulting in high revenues of the AR segment in UAE.

According to 6Wresearch, UAE augmented and virtual reality market size 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 the media, construction, and hospitality industries. Further, the market is also gaining acceptance in head-mounted and smart glasses for advertisements.

Additionally, the head-mounted display segment contributed to the major UAE augmented and virtual reality market share due to its high utilization in the gaming and education sectors. Among all the verticals, the entertainment application acquired the 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 the major share of the AR and VR market in terms of market revenues on the back of the growing commercial sector in the Dubai emirate. The Northern region is further expected to maintain its dominance during the forecast period as well.

The UAE augmented and virtual reality market report thoroughly covers the augmented and virtual reality market by type, verticals, and region. The UAE augmented and virtual reality market outlook report also provides an unbiased and detailed analysis of the UAE augmented and virtual reality market trends, opportunities/ high growth areas, and market drivers which would help the stakeholders to devise and align market strategies according to the current and future market dynamics.

UAE augmented and virtual reality market is projected to secure tremendous growth in the upcoming six years on the back of the rising scope of application of the product in the education sector to turn the boring class and complicated concepts with easy 3D Augmented reality modelling. Further, the country has developed technology, therefore, the growth of Augmented and virtual reality is been widely used in the retail sector, which provided seamless features by enabling the consumer to imagine products right in their homes and is estimated to boost the growth of the Augmented and virtual reality in the country in the forthcoming years.

Key Highlights of the Report:

• UAE Augmented and Virtual Reality Market Overview
• UAE Augmented and Virtual Reality Market Outlook
• UAE augmented and virtual reality market Forecast
• Historical Data of the Global Augmented and Virtual Reality Market for the Period 2014-2016
• Market Size & Forecast of the Global Augmented and Virtual Reality Market until 2023
• Historical Data of the UAE Augmented and Virtual Reality Market for the Period 2014-2016
• UAE Augmented and Virtual Reality Market Size & UAE Augmented and Virtual Reality Market Forecast 
  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 Augmented and Virtual Reality Market Revenue for Smart Glass during 2014-2016
• Market Size & Forecast of UAE Augmented and Virtual Reality Market Revenue for Smart Glass, 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 and Restraints
• UAE Augmented and Virtual Reality Market Trends and Developments
• UAE Augmented and Virtual Reality Market Overview on Competitive Landscape
• UAE Augmented And Virtual Reality Market Share by Players
• Company Profiles
• Key Strategic Pointers

Markets Covered

The UAE augmented and virtual reality market report provides a 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
• Southern