AR Hardware - CIS | Statista Market Forecast

AR Hardware - CIS

CIS

Highlights

Revenue in the AR Hardware market market in the CIS is projected to reach US$74.0m in 2024.
Revenue in this region is expected to show an annual growth rate (CAGR 2024-2029) of 13.79%, resulting in a projected market volume of US$141.2m by 2029.
While most revenue is generated the United States with a projected market volume of US$2.3bn in 2024, the AR Hardware market market in the CIS also demonstrates significant potential.
In the AR Hardware market market, the number of users in the CIS is expected to amount to 1.7m users by 2029.
User penetration will be 0.4% in 2024 and is anticipated to reach 1.2% by 2029.
The average revenue per user (ARPU) in the CIS is expected to amount to US$135.1.
The CIS region is witnessing a burgeoning interest in AR hardware, driven by increased investments in digital transformation and immersive technologies across various sectors.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The AR Hardware market in CIS is experiencing significant growth and development, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the AR Hardware market in CIS are shifting towards more immersive and interactive experiences.

Consumers are increasingly interested in AR devices that offer enhanced gaming experiences, virtual tours, and real-time information overlays. This preference for immersive experiences is driving the demand for AR headsets and smart glasses in the region. Additionally, customers are also seeking AR devices that are lightweight, comfortable to wear, and offer high-resolution displays for a superior visual experience.

Trends in the market are also contributing to the growth of the AR Hardware market in CIS. One major trend is the increasing adoption of AR technology in various industries such as healthcare, education, and manufacturing. In healthcare, AR devices are being used for surgical planning, medical training, and patient education.

In education, AR technology is being utilized to create interactive learning experiences for students. In manufacturing, AR devices are being used to improve productivity and efficiency in assembly and maintenance tasks. These trends are driving the demand for AR Hardware in the CIS region.

Local special circumstances also play a role in the development of the AR Hardware market in CIS. The region has a growing tech-savvy population that is eager to adopt new technologies. Additionally, the presence of a young and dynamic workforce in countries like Russia and Ukraine is contributing to the demand for AR Hardware.

Furthermore, the CIS region is home to several tech startups and innovation hubs, which are driving the development of AR technology and creating a favorable environment for the growth of the AR Hardware market. Underlying macroeconomic factors are also influencing the growth of the AR Hardware market in CIS. The region has been experiencing steady economic growth, which has led to an increase in disposable income and consumer spending.

This has resulted in a higher demand for consumer electronics, including AR devices. Additionally, the governments in the CIS region are actively supporting the development of the technology sector and promoting innovation, which is further fueling the growth of the AR Hardware market. In conclusion, the AR Hardware market in CIS is experiencing significant growth and development due to customer preferences for immersive experiences, trends in the market, local special circumstances, and underlying macroeconomic factors.

The demand for AR devices in the region is driven by the increasing adoption of AR technology in various industries, the tech-savvy population, the presence of innovative startups, and favorable macroeconomic conditions.

Data coverage:

The data encompasses B2C enterprises. Figures are based on AR hardware revenue, which includes digital spending on hardware (headsets and glasses) that enables consumers to experience augmented reality.

Modeling approach / market size:

The market size is determined through a top-down approach. We use annual financial reports of the market-leading companies and industry associations, as well as third-party studies and reports to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as consumer spending, internet penetration, 4G coverage, and historical developments.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are level of digitalization, adoption of technology, GDP per capita, and internet penetration.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).