[Android Studio] Error: Missing system image on device

Error: Missing system image on device
Pixel_3a_API_32_arm64-v8a

If you have recently downloaded the Android Studio and after the first boot trying to run your first Application, it is most likely that you will run over with Missing system image on device error message as the project related dependencies are still getting downloaded.

If still the issue persists,

• Go to Tools -> Device Manager
• Click on Create Device
• Select a Phone -> Next,
• Now Download an Image, you will see SDK Component Installer,

  Packages to install: - Google Play ARM 64 v8a System Image (system-images;android-TiramisuPrivacySandbox;google_apis_playstore;arm64-v8a)
  
  
  Preparing "Install Google Play ARM 64 v8a System Image (revision: 7)".
  Downloading

• Once complete, hit Next and Finish

Select the newly created device and you should be good to run your Application.