According to the new market research report by IndustryARC titled “Mixed Reality Market: By Technology (Hardware, Software); By Display Devices (HUD, HMD, Others); By Application (IPCM, Simulated based learning, Others); By End User Industries (Automotive, Aerospace, Medical, Others); By Geography - (2015-2021)”, the market is driven by major applications in the gaming and entertainment industry.“ This report covers Mixed Reality Market Size by Technology and applications, Mixed Reality Market share by top 5 companies and also the market share by start-ups during the forecast period ”Americas held the largest market share in the Mixed Reality MarketAmericas region holds the largest market share and growth in the Mixed Reality Market size is anticipated to reach $18.67 billion by 2023 at a CAGR of 80.20%.
Americas hosts quite a number of virtual augmented and mixed reality solution providers including Oculus VR, LLC, Atheer, Inc, EON Reality, Inc, Magic Leap, Inc, Microsoft, Google and so on.
Gaming and Entertainment is the major application for Mixed Reality in Americas which is forecast to continue its dominance over the coming five years.View Full Table Of Contents @ https://www.industryarc.com/Report/15029/mixed-reality-market.htmlReport Price: US $5250Selected Value Chain Analysis done in the full report• The value chain for this market is highly organized unlike other industries wherein the existence of counterfeit products hampers the value chain.• However, this can be a threat in the future, as a lack of governing bodies/ regulations can increase the risk of the existence of the counterfeit industry.• Application developers play a major role in the value chain of mixed reality products as the application of these devices is holistically dependent on applications.
Hence, application developers also reap huge profit from this market as these devices would be application specific.• Both mixed-reality systems manufacturer and application developer will have a high-profit margin.• Final end user or final consumer and their needs define and compels the entire industry to make changes in the value chain, in terms of technology and processes.Excerpts on Market Growth Factors• Mixed Reality is the novel stride in the leap of technology that will change how things are presumed in the new era.
This technology will have marvelous consequences on all sectors of life including medical, education, science, art and entertainment.• Increasing adoption/ sales of HMDs will drive the overall market for Mixed Reality Devices.• This technology has become really important and is estimated to be the new wave in the future of technology and communications.• Mixed Reality devices are increasingly being incorporated into Pro Sports such as Football, Basketball, Hockey, Rugby and so on to facilitate better understanding for the viewers.
Moreover, these devices are also being used in training players.• One of the major drivers is the rise in the adoption of smartphones.