As per the prediction by the global tech giant Huawei and third-party data, the Augmented Reality (AR) market will be worth $300 billion by 2025.
On 17th June (Thursday), Bob Cai, chief marketing officer of Huawei Carrier BG made the projection in a keynote speech titled “5G + AR, Turning Dreams into Reality” at Huawei’s Better World Summit 2021 in China.
Cai expressed that 5G will switch on AR, and AR will light up 5G. AR will first see massive adoption in five prioritized industries — education, social networking, shopping, travelling and navigation, and gaming.
He also announced the release of the AR Insight and Application Practice White Paper, which offers insights into the AR industry in terms of devices, applications, and networking.
However, Huawei used AR to demonstrate its leading products and solutions online as customers were unable to visit stores in person due to the pandemic.
Huawei also utilizes AR to achieve the quick delivery of 5G base stations, which boosts delivery efficiency. Some case studies of Huawei employing AR.