AR Hardware - United Arab Emirates

United Arab Emirates

Highlights

In the United Arab Emirates, revenue in the AR Hardware market market is projected to reach US$15.9m in 2024.
Revenue in this market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 13.57%, leading to a projected market volume of US$30.1m by 2029.
Although most revenue in the AR Hardware market market is generated the United States, in the United Arab Emirates is anticipated to contribute to this growth.
By 2029, the number of users in the AR Hardware market market in the United Arab Emirates is expected to amount to 365.3k users.
User penetration is projected to be 1.2% in 2024, increasing to 3.7% by 2029.
Additionally, the average revenue per user (ARPU) in the United Arab Emirates is expected to amount to US$135.1.
The United Arab Emirates is increasingly investing in AR hardware, driven by a growing demand for immersive experiences in education and tourism sectors.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The AR Hardware market in United Arab Emirates is experiencing significant growth and development. Customer preferences for advanced technology, increasing adoption of AR in various industries, and favorable local circumstances are driving this trend.

Customer preferences in United Arab Emirates are leaning towards advanced technology and immersive experiences. With a high demand for innovative products, customers are increasingly interested in AR Hardware that can enhance their daily lives and provide unique experiences. This preference is driving the growth of the AR Hardware market as companies strive to meet the demands of tech-savvy customers.

One of the key trends in the AR Hardware market in United Arab Emirates is the increasing adoption of AR technology across various industries. AR is being utilized in sectors such as healthcare, real estate, retail, and tourism to enhance customer experiences, improve productivity, and streamline operations. This trend is fueled by the desire to stay ahead of the competition and provide cutting-edge solutions to customers.

As a result, the demand for AR Hardware is growing rapidly in United Arab Emirates. Local special circumstances in United Arab Emirates are also contributing to the development of the AR Hardware market. The country has a strong economy and is known for its technological advancements.

This creates a favorable environment for the growth of the AR Hardware market, as companies have access to resources and support to develop and market their products. Additionally, the government of United Arab Emirates has been actively promoting innovation and technology, further boosting the AR Hardware market. Underlying macroeconomic factors such as population growth, urbanization, and increasing disposable income are also driving the growth of the AR Hardware market in United Arab Emirates.

The population in the country is growing, leading to a larger customer base for AR Hardware products. Urbanization is also creating a demand for advanced technology and immersive experiences. Furthermore, the increasing disposable income of the population allows for greater spending on AR Hardware.

In conclusion, the AR Hardware market in United Arab Emirates is experiencing significant growth and development due to customer preferences for advanced technology, increasing adoption of AR in various industries, favorable local circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected to witness further expansion and innovation.

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).