The Business Research Company’s Augmented Reality In Travel And Tourism Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Augmented Reality In Travel And Tourism Global Market Report 2023 evaluates augmented reality in travel and tourism market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global augmented reality in travel and tourism market is expected to grow from the augmented reality in travel and tourism market size has grown exponentially in recent years. It will grow from $15.52 billion in 2023 to $21.44 billion in 2024 at a compound annual growth rate (CAGR) of 38.1%. The growth in the historic period can be attributed to enhanced user experience, promotion of local businesses, social media expansion, positive user feedback.The augmented reality in travel and tourism market size is expected to see exponential growth in the next few years. It will grow to $78.14 billion in 2028 at a compound annual growth rate (CAGR) of 38.2%.
The increasing demand for travel and tourism is expected to propel the growth of augmented reality in the travel and tourism market going forward. Travel and tourism refer to the activities of people traveling to and visiting places for leisure, recreation, business, or other purposes. Augmented reality has created demand in the travel and tourism industries for smart tourism and enhanced travel experiences that make destinations more immersive, informative, and engaging. For instance, in June 2022, according to reports shared by the US Department of Commerce 2021 Highlights, a US-based executive department of the federal government, international arrivals for travel and tourism in US states increased to 22.1 million in 2021 from 19.2 million in 2020. Therefore, the increasing demand for travel and tourism is driving the growth of augmented reality in travel and tourism.
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The augmented reality in travel and tourism market segments in the report are:
1) By Component: Hardware, Software, Services
2) By Technology: Augmented Reality, Virtual Reality
3) By Application: Hospitality, In-Flight Entertainment, Travel Booking Services, Augmented Reality (AR) Gamification, Navigating
The table of contents in TBRC’s augmented reality in travel and tourism market report includes:
- Executive Summary
- Augmented Reality In Travel And Tourism Market Characteristics
- Augmented Reality In Travel And Tourism Market Trends And Strategies
- Augmented Reality In Travel And Tourism Market – Macro Economic Scenario
- Impact Of High Inflation On Market
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- Global Augmented Reality In Travel And Tourism Market Competitive Benchmarking
- Global Augmented Reality In Travel And Tourism Market Competitive Dashboard
- Key Mergers And Acquisitions In The Augmented Reality In Travel And Tourism Market
- Augmented Reality In Travel And Tourism Market Future Outlook and Potential Analysis
- Appendix
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