Market Forecast By Offering (Hardware , Software), By Device Type (Head-Mounted Display (HMD), Smart AR Mirror, Handheld Device), By Application (Advertising and Marketing, Try-on Solutions, Planning and Designing, Information Systems), By Technology (Marker-based Augmented Reality, Marker-less Augmented Reality), By Retail Type (Jewelry, Beauty and Cosmetics, Apparel Fitting, Furniture and Lighting, Grocery Shopping, Footwear, Others) And Competitive Landscape
Product Code: ETC4453656 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Report Name | Australia Augmented Reality in Retail Market |
Forecast period | 2025-2031 |
CAGR | 39.8% |
Growing Sector | Retail |
The Australia Augmented Reality in Retail market report thoroughly covers the market by Device Type, By Application, By Technology, By Retail Type and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Australia augmented reality in retail market is poised for significant expansion. This growth is primarily driven by the increasing integration of AR technology in the retail sector to enhance customer engagement and shopping experience. The market is also benefiting from the growing trend of online shopping, where AR can bridge the gap between the digital and physical worlds, allowing customers to visualize products in their own space before making a purchase. This has led to a decrease in product returns and an increase in sales conversions. However, the market faces challenges such as the high cost of AR technology development and the need for continuous updates and maintenance. Additionally, there is a learning curve associated with the adoption of AR applications for both retailers and consumers, which can impede the market growth.
According to 6Wresearch, Australia Augmented Reality in Retail market size is projected to grow at a CAGR of 39.8% during 2025-2031. One of the key factors propelling this market is the rising demand for immersive and interactive shopping experiences that AR technology offers. Retailers are leveraging AR to provide customers with virtual try-ons, interactive displays, and in-depth product information, which not only enriches the shopping experience but also aids in informed purchasing decisions. Furthermore, the proliferation of smartphones and the advancement of AR applications are facilitating the widespread adoption of AR in retail.
The Australia government is actively supporting the AR in retail industry through various initiatives. Notable collaborations, such as the one between Myer and eBay to create a VR Department Store, highlight the government commitment to fostering innovation within the retail sector. In addition to the efforts made by individual companies, the Australia government has also taken steps to promote the use of augmented reality in the retail sector. Further, these plans have improved the Australia Augmented Reality in Retail Market Share. Additionally, the National Retail Association (NRA) has partnered with the Australia government to launch a pilot program called "AR in Retail," aimed at helping retailers adopt AR technology and improve their overall customer experience.
The growing popularity of augmented reality in the retail sector has led to increased competition among players in the Australia market. Some of the leading companies operating in this space include Ikea, Walmart, Myer, Coles. Moreover, these firms hold enormous Australia Augmented Reality in Retail Market Revenues. Further, this retail company has implemented AR technology in its toy department, allowing customers to see virtual displays of toys and even play interactive games.
Looking ahead, the AR in retail market in Australia shows great promise, with the impending integration of 5G technology expected to further enhance AR experiences. The market is projected to witness significant growth, with AR becoming an integral part of retail strategies. This growth is anticipated to drive customer engagement and provide immersive shopping experiences that could redefine the retail industry. The Australia AR in retail market is set to become a key player in the technological landscape, offering innovative solutions that meet the evolving expectations of consumers and retailers alike.
According to Ravi Bhandari, Research Head, 6Wresearch, the Head-Mounted Displays (HMDs) are worn on the head and provide a fully immersive augmented reality experience. This has revolutionized the way customers shop by allowing them to scan products and view additional information about them, such as reviews and ratings.
The most popular application is Try-On Solutions, where customers can virtually try on products such as clothes, makeup, and accessories before making a purchase. This has significantly reduced the rate of product returns and exchanges, saving retailers time and money.
One of the most growing and popular retail segments that have embraced AR technology is jewelry, beauty, and cosmetics. By integrating AR into their websites and mobile apps, retailers in this sector have enabled customers to virtually try on makeup or jewelry products before making a purchase.
The Australia Augmented Reality in Retail market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Augmented Reality in Retail Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Augmented Reality in Retail Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Augmented Reality in Retail Market - Industry Life Cycle |
3.4 Australia Augmented Reality in Retail Market - Porter's Five Forces |
3.5 Australia Augmented Reality in Retail Market Revenues & Volume Share, By Offering , 2021 & 2031F |
3.6 Australia Augmented Reality in Retail Market Revenues & Volume Share, By Device Type , 2021 & 2031F |
3.7 Australia Augmented Reality in Retail Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.8 Australia Augmented Reality in Retail Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Australia Augmented Reality in Retail Market Revenues & Volume Share, By Retail Type, 2021 & 2031F |
4 Australia Augmented Reality in Retail Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Augmented Reality in Retail Market Trends |
6 Australia Augmented Reality in Retail Market, By Types |
6.1 Australia Augmented Reality in Retail Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Australia Augmented Reality in Retail Market Revenues & Volume, By Offering , 2021-2031F |
6.1.3 Australia Augmented Reality in Retail Market Revenues & Volume, By Hardware , 2021-2031F |
6.1.4 Australia Augmented Reality in Retail Market Revenues & Volume, By Software, 2021-2031F |
6.2 Australia Augmented Reality in Retail Market, By Device Type |
6.2.1 Overview and Analysis |
6.2.2 Australia Augmented Reality in Retail Market Revenues & Volume, By Head-Mounted Display (HMD), 2021-2031F |
6.2.3 Australia Augmented Reality in Retail Market Revenues & Volume, By Smart AR Mirror, 2021-2031F |
6.2.4 Australia Augmented Reality in Retail Market Revenues & Volume, By Handheld Device, 2021-2031F |
6.3 Australia Augmented Reality in Retail Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Australia Augmented Reality in Retail Market Revenues & Volume, By Advertising and Marketing, 2021-2031F |
6.3.3 Australia Augmented Reality in Retail Market Revenues & Volume, By Try-on Solutions, 2021-2031F |
6.3.4 Australia Augmented Reality in Retail Market Revenues & Volume, By Planning and Designing, 2021-2031F |
6.3.5 Australia Augmented Reality in Retail Market Revenues & Volume, By Information Systems, 2021-2031F |
6.4 Australia Augmented Reality in Retail Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Australia Augmented Reality in Retail Market Revenues & Volume, By Marker-based Augmented Reality, 2021-2031F |
6.4.3 Australia Augmented Reality in Retail Market Revenues & Volume, By Marker-less Augmented Reality, 2021-2031F |
6.5 Australia Augmented Reality in Retail Market, By Retail Type |
6.5.1 Overview and Analysis |
6.5.2 Australia Augmented Reality in Retail Market Revenues & Volume, By Jewelry, 2021-2031F |
6.5.3 Australia Augmented Reality in Retail Market Revenues & Volume, By Beauty and Cosmetics, 2021-2031F |
6.5.4 Australia Augmented Reality in Retail Market Revenues & Volume, By Apparel Fitting, 2021-2031F |
6.5.5 Australia Augmented Reality in Retail Market Revenues & Volume, By Furniture and Lighting, 2021-2031F |
6.5.6 Australia Augmented Reality in Retail Market Revenues & Volume, By Grocery Shopping, 2021-2031F |
6.5.7 Australia Augmented Reality in Retail Market Revenues & Volume, By Footwear, 2021-2031F |
7 Australia Augmented Reality in Retail Market Import-Export Trade Statistics |
7.1 Australia Augmented Reality in Retail Market Export to Major Countries |
7.2 Australia Augmented Reality in Retail Market Imports from Major Countries |
8 Australia Augmented Reality in Retail Market Key Performance Indicators |
9 Australia Augmented Reality in Retail Market - Opportunity Assessment |
9.1 Australia Augmented Reality in Retail Market Opportunity Assessment, By Offering , 2021 & 2031F |
9.2 Australia Augmented Reality in Retail Market Opportunity Assessment, By Device Type , 2021 & 2031F |
9.3 Australia Augmented Reality in Retail Market Opportunity Assessment, By Application , 2021 & 2031F |
9.4 Australia Augmented Reality in Retail Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.5 Australia Augmented Reality in Retail Market Opportunity Assessment, By Retail Type, 2021 & 2031F |
10 Australia Augmented Reality in Retail Market - Competitive Landscape |
10.1 Australia Augmented Reality in Retail Market Revenue Share, By Companies, 2024 |
10.2 Australia Augmented Reality in Retail Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |