Huawei's Better World Summit 2021
$300 billion market by 2025 for Augmented Reality: Huawei
Huawei and third-party data predict that the Augmented Reality (AR) market will be $300 billion by 2025.
At the Huawei's Better World Summit 2021 Thursday, Bob Cai, chief marketing officer of Huawei Carrier Business Group, said: "5G will switch on AR, and AR will light up 5G."
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"AR will first see massive adoption in five prioritised industries – education, social networking, shopping, travelling and navigation, and gaming by converging the physical and digital worlds, making dreams a reality, " he added.
Cai also called on the entire industry to work together for a prosperous 5G + AR ecosystem.
"If you want to go fast, go alone; if you want to go far, go together. AR development requires the entire industry to work together and create a prosperous 5G + AR value chain," he said.
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