ARKit is a new framework introduced in iOS 11 for augmented reality applications. It allows developers to place virtual objects in 3D space that interact with the real world. The document provides code snippets and explanations of key ARKit classes like ARCamera for camera tracking state, SCNNode for creating and transforming 3D nodes, ARPlaneAnchor for detecting horizontal surfaces, SCNPhysicsBody for adding physics, and SCNAnimationProtocol for animating nodes. Supported devices include recent iPhones and iPads as well as some Android devices.