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Augmented Reality Market to Surpass $62 Billion by 2029

11/2/2025

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Story summary
  • The augmented reality market is projected to exceed $62 billion by 2029.
  • Meta Platforms is developing AI-powered smart glasses to advance AR capabilities.
  • Apple leads with the largest AR platform and plans to launch smart glasses in 2026.
  • Microsoft focuses on mixed-reality products, while Nvidia is enhancing AR for automotive applications.
  • Qualcomm is building foundational AR technology and has launched a $100 million XR startup fund.