Abstract: The panoramic augmented reality system includes a panoramic camera device data-linked with a networked storage storing a panoramic image captured by panoramic camera device. The networked storage is connected by at least an electronic device which includes an APP, an AR module, and at least an image adjustment module. To produce live streaming, the panoramic camera device is set up in the scene and the panoramic image captured by the panoramic camera device is stored in the networked storage. The panoramic image is then accessed through the APP and a 3D space is created together with the AR module. A display image corresponding to the user's position and direction in the 3D space is created and continuously updated based on the image adjustment module's detection. Therefore, the user may navigate the 3D space as if he/she is actually present in the scene, creating a realistic experience.