T he report published today by global analyst company ccs insight shows the worldwide market for virtual reality vr and augmented reality ar head worn devices growing by an average of 50 percent annually over the next five years.
Ar vr devices market.
Growing focus of vendors on price reduction is an important driver of ar and vr industry.
Global opportunity analysis and industry forecast 2018 2026 the global ar vr chip market size was 1 38 billion in 2018 and is projected to reach 7 76 billion by 2026 registering a cagr of 23 3 from 2019 to 2026.
13 2020 prnewswire the global market for ar and vr is segmented based on application organization size industry vertical and region to provide an in depth analysis.
The terms virtual reality vr augmented reality ar mixed reality mr are getting thrown around alot these days.
For more information on the report including how covid has impacted the ar vr market major drivers for optic and display choices in an ar mr or vr device strengths and weaknesses of the six major micro display types used in ar mr and vr devices and projected sales trends of optical devices and display devices from 2020 to 2030 read the.
Forecast by analyst firm ccs insight paints an optimistic picture of immersive tech adoption.
In 2017 the global augmented reality and virtual reality market size stood at usd 11 35 billion and the industry is forecasted to reach usd 571 42 billion by 2025 rising at a cagr of 63 3.
In terms of vr high penetration of head mounted displays hmds in gaming and entertainment and availability of affordable devices are major drivers of the market.
According to a recent report published by allied market research titled ar vr chip market by type and application.
10 augmented reality and virtual reality market geographical analysis page no.
Table 16 virtual reality market device type 2015 2023 thousand units table 17 virtual reality hmd market by application 2015 2023 usd million.
In 2022 a total of 121 million units will be sold with a value of.
154 10 1 introduction 10 2 north america.