Augmented Reality and Virtual Reality (AR/VR) Chip Market Report 2027

The global VR and AR market 2020 are poised to reach USD 767.67 billion by 2025, recording a whopping 73.7% CAGR over the assessment period (2018 to 2025).Market highlightsThe increasing need for head-mounted displays (HMDs) in gaming and entertainment, the adoption by firms of virtual reality for marketing campaigns, the increasing need for augmented reality and virtual reality in the automobile and e-commerce sectors contribute to the need for augmented reality technology in the healthcare sector and the investment and funding by major market players.The growing penetration across industries such as consumer electronics, automobiles, and retail of advanced technology is responsible for driving the development of the demand for augmented reality.

In addition, growing mobile device usage across the world is driving consumer growth, as it seems to be the most convenient type of augmented reality.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6884Competitive Outlook:  the major players identified by MRFR in the global Augmented Reality and Virtual Reality market as  EON Reality Inc., Terminal Eleven (SkyView), Hewlett-Packard Company, Augmented Pixels Inc., DAQRI LLC, Wikitude GmbH, Sony Corporation, Zapper Limited, Virtalis Limited, Google LLC, awe.org Pty Ltd (buildar.com), HTC Corporation,  Samsung Group, Blippar, Microsoft Corporation, Facebook Inc., Magic Leap Inc., PTC Inc., and Visteon Corporation Segmentation: The industry has been bifurcated between handheld augmented reality and virtual reality based on technology.The industry has been divided into devices, solutions, and applications based on the component.The AR-VR market has been divided into virtual reality devices and augmented reality devices based on the device type.The market has been split into consumer electronics, aerospace & defence, media & entertainment, hospitality , healthcare, automobile, BFSI, engineering, IT & telecommunication, travel & tourism, education, and real estate, based on the vertical.

Regional Analysis:The geographical analysis of AR-VR market has been analyzed for North America, Europe, Asia-Pacific, and the rest of the world.Due to the association of eminent market players and rising investors in AR / VR technology, North America has been identified as the most significant market share in the AR / VR market.

As a result of their demand in the defence industry for simulation-based training in the region, there is a rising need for head-mounted displays, accelerating market growth in the North American region.

The industry also produces considerable revenue from the growing implementation of virtual reality and augmented reality technologies in countries such as France, the United Kingdom , Germany, Spain , Italy and other European nations.Asia-Pacific is expected to account for the third-largest market share and is poised to experience considerable growth in the coming years due to the acceptance of augmented reality and virtual reality technologies for 3D modelling, 3D rendering, and virtualization by various industry verticals.

AR & VR in Healthcare Market Research Report: By Technology (AR and VR technology), Offering (Hardware & Software), Device Type (AR & VR Device Type), Application (Fitness, Patient Care, Pharmacy Management & Others), End User – Global Forecast Till 2027Market HighlightsThe AR & VR in healthcare market is expected to grow at an approximate CAGR of 30.2% during forecast period, 2018–2023.Rising demand to reduce healthcare cost is one of the key factors driving the AR & VR in healthcare market.

For instance, with the use of AR navigation system nearly USD 288 million can be saved on minimally-invasive surgical procedures in the US.Various other factors such as rising government funding, high prevalence of chronic diseases, rising adoption of AR and VR in fitness management, increasing penetration of connected devices in the healthcare sector, and rising awareness about VR therapy are also expected to propel the growth of the market.However, concerns regarding data privacy, lack of expertise among medical practitioners, and lack of competence in deployment of the AR and VR solutions can hinder the market growth over the forecast period.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7208SegmentationThe AR & VR in healthcare market is segmented based on technology, offering, device type, application, end user, and region.The global market for AR & VR in healthcare, by technology is segmented into AR technology and VR technology.

The AR technology segment is further classified as marker-based AR and markerless AR.

The sensors segment includes accelerometer, gyroscope, magnetometer, and proximity sensor.

The software segment is further classified as software development kits, and cloud-based services.Based on device type, the market is segmented into AR device type, and VR device type.

The AR device type segment is further classified as head-mounted display, and handheld device.

Blockchain technology provides greater transparency, enhanced traceability, security, and, efficiency while reducing investment costs.

Augmented Reality and Virtual Reality are novel means of engaging with customers.

Oodles brings you a promising combination of these two technologies.

We solve several problems related to data transparency and fraud while engaging the customers and successfully earning their trust.

These technologies are compatible with devices such as smart glasses, head-up displays, head mounted displays and hand held devices among others.Modern day head mounted displays utilize technologies such as optical wave guides, liquid crystal displays, digital micro mirrors, and organic light emitting diodes for micro displays.

These devices are equipped with GPS tracking systems, activity tracking systems, connectivity solutions such as Bluetooth, WI-Fi, and mobile operating systems.

Some of the advanced smart glasses have the ability to communicate by voice commands, while others support touch buttons, external controllers and gesture controls, as well as are capable enough to run dedicated mobile apps.Read Report Overview: https://bisresearch.com/industry-report/global-augmented-virtual-reality-market-report-forecast.htmlAmong the device type of VR, Head Mounted Display (HMD) holds the highest share of the market in 2016.

Head mounted display in virtual reality is somewhat different from HMDs used in augmented reality as these devices completely blocks the interaction from  the real world while allowing users to interact with the virtual environment or computer simulated reality.

It is used in fully immersive virtual reality purposes.The commercial sector is utilizing AR technology on a wider level especially when it comes to hand held devices platform.

AR applications are being used by retail companies to provide detailed information of the product on its packaging using smart-phones or tablet computers.

It is fair to say that it is a critical element of the backbone of the global economy.

For example, just a decade ago such thing as smartphone notification seemed futuristic and now it is a norm.

lack of engagement and lacking immersion into the product value proposition.

Augmented Reality and Virtual Reality retail shopping can handle these issues by offering an expansion of customer experience into a more interactive and customized way.

The layout of the shop must be easy to follow and hard to get lost in.

AR can offer navigation assistance and even help to build an effective route around the shops in cases of epic shopping tours (think of IKEA's mazes.)