Smart Devices Driving Mobile AR

Construction professionals are increasingly relying on smartphones and tablets at the jobsite, and those devices serve as a significant driver for the growth of the mobile AR (augmented reality) market, according to a market research report published by MarketsandMarkets.

In fact, the mobile AR market is expected to be worth $79.8 billion by 2022, at a CAGR (compound annual growth rate) of 69.85 percent between 2016 and 2022, the report says.

The market for software components is expected to grow at the highest CAGR between 2016 and 2022. Software components include programming languages, platforms, interfaces, and software development kits used to develop mobile AR apps. Also, for coordination with the real-world, software such as motion tracking, capturing algorithms, servers, and graphics libraries are required.

The advancement in platform based-applications and networking services would lead the mobile AR market. The demand for the installation of various software applications in smartphones with high functionalities and embedded sensors to sense the real environment and provide related virtual information simultaneously is growing.

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