On a global level, the augmented reality and virtual reality market will have a market share of 37.0 USD billion and this market size will increase upto 114.5 USD billion by the end of the forecast period i.e., by 2027 with a growth rate of 25.3%.
The key aspects to the growth of this market are driven by a few factors including the boom of augmented reality in health and medicinal sector, demands for remote shopping culture with increased convenience, leading to growth of usage of these technologies in retail sector, supervision of workers and virtual training to workers in factories and industriesgovernment backing and support in the form of fundings to promote these technologies, increased demand and usage of virtual reality technologies in order to facilitate medical training through immersive learning experience and e-learning as well.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1185
The AR and VR market has promising growth potential due to several factors, including the increase in demand for AR devices in retail and e-commerce post Covid-19 due to online or virtual shopping, increasing adoption of AR devices in education due to technological advancements, leading to better user experiences and precision.
For the application segment of AR and VR market, consumer applications hold the largest market share for AR and VR market in 2021. Consumer applications for AR market include gaming, sports, entertainment, hotels, art galleries, museums, theme parks and exhibitions. For VR market, the consumer applications include gaming, sports and entertainment. The high growth of the gaming and entertainment sector boosts the growth of the consumer application in the AR and VR market. The consumer application is expected to account for the largest share in the overall VR market in 2021 as the use of gaming, sports and entertainment is at the boom along with the boom in the usage of VR in e-learning and training for more immersive experience. The demand for the development of AR apps is high in the enterprise and retail sectors to enhance the user experience, especially post Covid-19.
under the segmentation of device type for augmented reality and virtual reality market, the head-mounted displays are expected to contribute maximum towards the market share during 2022 to 2027, i.e., the forecast period. The reason being that the head-mounted displays such as AR smart glasses and VR headsets are being used for various purposes in all the fields covering consumer, commercial, enterprise, healthcare, aeriospace, construction applications for increased convenience and immersive customer experience.AR smart glasses are increasing demad wise as they can facilitate industrial applications such as supervision of workers and their safety, which paves a way towards growth of market share for head-mounted displays in the forecast period for augmented reality market. The use of virtual reality headsets in gaming and sports will lead to the growth of of head-mounted displays for virtual reality as well between 2022 and 2027, as e-sports and gaming has reached a new competitive level across the world.
Under the market segmentation of offering for augmented reality and virtual reality market comes hardware and software products. With the growth of demand of AR and VR technologies in various sectors, the need for development of more hardware devices is increased. So the hardware device market for both AR and VR is set to increase in the forecast period, which was earlier limited because of limited use of the hardware devices in different fields or applications. The smooth and efficient integration of AR and VR software with the existing and newer devices can fuel the efficiency, due to compatibility, can lead to a significant growth rate of software between 2022 and 2027 i.e., the forecast period. Due to increased competitive global level e-gaming, the demand for virtual reality headsets will also increase in the coming years, during the forecast period. Another reason for the boom in VR hardware during the forecast period is that the education field is likely to take up virtual reality technologies for immersive, better and more learning experience in training and education.
For AR and VR market by technology type, Markerless AR has more capabilities for application development, gives a stable user experience, is a more advanced technology, and provides more ability to interact. The overall market for non-immersive technology, based on offering, would not witness high growth compared with semi- and fully immersive technologies, as users would prefer fully immersive and semi-immersive devices for gaming in the near future. The market for semi- and fully immersive technology is expected to be having a maximum market share during the forecast period with the increasing demand for immersive technology experience in gaming, entertainment as well as training and supervision.
The region wise segmentation of augmented reality and virtual reality market depicts the maimum share of the augmented reality market in the North American region in the base year i.e., 2021. The reason for this large market share is because of the existence of large AR and VR companies in US. The market in this region is already well established, much enough to contribute to greatest market share in 2021. The top leading comoanies in augmented reality and virtual reality such as Google, Microsoft, Oculus (VR) etc. are present in this region which have well developed software as well as hardware products in this market. So, the fastest growth in the market in not for North America for augmented reality and virtual reality market as the growth will be stagnant in even though the continuous developments made by these companies in the market due to proper reliable establishments.
This report on the Global Augmented Reality and Virtual Reality Market provides a global 360-degree perspective of the industry while taking into consideration historical data as well as providing accurate estimations of the future scope of the market.
It highlights key factors impacting the market growth and also contains an entire section describing the segmentation of the market on the basis of several factors such as types, applications at a high level and also points out the segments leading the market.
This make it easier for the stakeholders of the report to utilize this information and incorporate changes in their business policies and be well informed about the market dynamics.
It also provides an insight into the competitive landscape of the market highlighting key competitors, major manufacturers dominating the Augmented Reality and Virtual Reality Market, while also providing an analysis of the market share and revenue generation figures.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/augmented-reality-and-virtual-reality-market-1922Global Augmented Reality and Virtual Reality Market Competitive Analysis:GoogleMicrosoftOculus VRPsiousFirsthand TechnologiesMedical RealitiesDAQRIAugmedixMindmaxeAtheer Drivers & ConstraintsThe report largely stresses on the importance of market dynamics in understanding the Augmented Reality and Virtual Reality Market industry.
Sales revenues, population, production rates, consumption rates, existence of key manufacturers in regions are all points that have been touched base upon in the report providing an overall comparison of each of the regions covered in the report.
Additionally, the report also calls out regions that have showed maximum growth in the past as well as regions that emerged as leaders of the market in historic years.
The Global Augmented Reality and Virtual Reality Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The report includes a detailed analysis of value chain in order to provide a holistic view of the augmented reality and virtual reality market.
Value chain analysis comprises of detailed evaluation of the roles of various players involved in the augmented reality and virtual reality industry, from raw material suppliers to end-users.Browse the complete Global Augmented Reality and Virtual Reality Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/5558-augmented-reality-and-virtual-reality-market-reportThe report also offers a competitive landscape of the overall market with company profiles of players such as:Google Inc.Microsoft CorporationVuzix CorporationSamsung Electronics Co., Ltd.Qualcomm Inc.Oculus VR, LLCEON Reality, Inc.Infinity Augmented Reality Inc.Magic Leap, Inc.Blippar Inc.Daqri LLCOsterhout Design Group (ODG)Metaio GmbHMeta CompanyCyberglove Systems LLCA detailed description of the each company has been included and includes information in terms of headquarters, inception, stock listing, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments and provides a thorough idea about the competitive positioning of market players.
The report also provides augmented reality and virtual reality market’s mergers/acquisitions, partnerships, collaborations, new product launches, new product developments and other industry developments.SEGMENTATIONS IN REPORT:Augmented Reality And Virtual Reality Market Analysis By Technology:Augmented Reality TechnologyActive MarkerPassive MarkerModel-BasedImage Processing-BasedVirtual Reality TechnologyAugmented Reality And Virtual Reality Market Analysis By Type:Augmented RealityHead-Mounted DisplaysHead-Up DisplaysHandheld DevicesVirtual RealityHead-Mounted DisplaysGesture Tracking DevicesProjectors and Display WallsAugmented Reality And Virtual Reality Market Analysis By Component:Augmented Reality ComponentsHardwareSoftwareVirtual Reality ComponentsHardwareSoftwareAugmented Reality And Virtual Reality Market Analysis By Vertical:Augmented RealityVirtual RealityAugmented Reality And Virtual Reality Market Analysis By Geography:North AmericaEuropeAsia PacificRest of the WorldDownload Free Sample Report of Global Augmented Reality and Virtual Reality Market @ https://www.decisiondatabases.com/contact/download-sample-5558The Global Augmented Reality and Virtual Reality Market has been exhibited in detail in the following chapters –Chapter 1 Augmented Reality and Virtual Reality Market PrefaceChapter 2 Executive SummaryChapter 3 Augmented Reality and Virtual Reality Industry AnalysisChapter 4 Augmented Reality and Virtual Reality Market Value Chain AnalysisChapter 5 Augmented Reality and Virtual Reality Market Analysis By TechnologyChapter 6 Augmented Reality and Virtual Reality Market Analysis By TypeChapter 7 Augmented Reality and Virtual Reality Market Analysis By ComponentChapter 8 Augmented Reality and Virtual Reality Market Analysis By VerticalChapter 9 Augmented Reality and Virtual Reality Market Analysis By GeographyChapter 10 Competitive Landscape Of Augmented Reality and Virtual Reality CompaniesChapter 11 Company Profiles Of Augmented Reality and Virtual Reality IndustryPurchase the complete Global Augmented Reality and Virtual Reality Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-5558Other Reports by DecisionDatabases.com:Global Virtual Reality in Gaming Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Mixed Reality Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
The global Augmented reality and virtual reality 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.
The COVID-19 pandemic has spread across the globe and has had both a positive and a negative effect on different sectors.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6884 Competitive 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.
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.
