Apple’s latest ARkit 4.0 now includes location anchors, improved depth API, and better face-tracking.
More studios are expected to bring AR-based apps and games that will eventually increase the size of consumers. gaming industry, the industry’s EBITDA that plunged 39% in 2020 is expected to improve by 45% in 2021.With an overall recovery in the game industry, the AR market will definitely get a push. Economic recovery from the pandemic: The game industry is all set for economic recovery starting from 2021.Let us have a look at what are the main factors that will positively affect the AR market in the coming years. It suggests that the global AR gaming market could hit $28.6 billion by 2026, with a CAGR of 34.80% during 2021-2026.Īlthough the CAGR of 34.8% is about 8%-10% lower than what it could have been normally, this data suggests that AR gaming is already set into the recovery mode and we can expect a bounce-back by 2026. The good news is that the same research also forecasts an expected bounce-back. Such a growth rate essentially meant that the industry was booming and could have crossed the $5 billion mark very easily in 2020.īut recent research published in February confirmed the 2020 market valuation for AR gaming remained at $4.7 billion, which is almost $300 million lower than the expectations. The global AR gaming market hit $2.82 billion in 2019 with an expected CAGR of over 48%. And Pokémon Go crossed the 1 billion downloads in July 2019.
within a week, while Harry Potter: Wizards Unite clocked $12 million in revenue in its first month of release. Minecraft Earth touched 1 million users in the U.S. In 2019, some popular AR games such as Minecraft Earth, Pokémon Go, and Harry Potter: Wizards Unite performed well in revenues and users. To answer these questions, let us first dig into this market’s growth rate before and during the pandemic. Join gaming leaders live this October 25-26 in San Francisco to examine the next big opportunities within the gaming industry.
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