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Augmented Reality and Virtual Reality Market Size Increased by $364,557.67 Million: 35% Growth from Asia Pacific

New YorkAnd the November 27, 2022 /PRNewswire/ – File Augmented Reality and Virtual Reality Market by Technology, Application, and Geography – Forecast and Analysis 2023-2027 The report was published by Technavio. The market growth is expected to accelerate at a CAGR of 52.37% and register a gradual growth of 364,557.67 million US dollars during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, latest trends, and post-pandemic recovery in the global market. Download a free report template in PDF format

Technavio announces its latest market research report titled Global Augmented Reality and Virtual Reality Market 2023-2027

Technavio announces its latest market research report titled Global Augmented Reality and Virtual Reality Market 2023-2027

Regional analysis

By region, the global Augmented Reality and Virtual Reality market is segmented into Asia Pacific, North AmaricaAnd the EuropeThe The Middle East And the AfricaAnd the South america. It is estimated that APAC contributes 35% to the global market growth over the forecast period. Rising adoption of smartphones and increasing investments in AR and VR technologies in the retail and healthcare sectors is driving the growth of the regional market.

Company profile

The Augmented Reality and Virtual Reality market report includes information on key products and recent developments of the leading vendors, including:

  • Alphabet Company: The company offers solutions for augmented reality and a virtual reality experience that enable information and content to be captured visually as objects dramatically expand the ways on devices that can aid in everyday activities such as searching for information, shopping, and expressing yourself.

  • Apple company: The company provides solutions for augmented reality and virtual reality experience that enhance the real world environment with fun and immersive effects using LiDAR for depth sensing.

  • Enhanced Pixel Company: The company provides solutions for augmented and virtual reality helping to connect with remote colleagues who work together on holograms to solve problems in real time.

  • Flippar Ltd.: The company offers solutions for augmented and virtual reality that help better communicate information, faster knowledge transfer, modern training methods, instant access to remote experiences, and enhanced customer experiences.

  • CyberGlove Systems Corporation: The company offers solutions for augmented and virtual reality that use resistive bend sensing technology to accurately convert hand and finger movements into digital joint angle data in real time.

  • Eon Reality Inc.

  • HP Inc.

  • HTC Corporation.

  • Innov Inc

  • To access more vendor profiles available with Technavio, Buy the report!

Market dynamics

The market is controlled by factors such as the growing demand for augmented and virtual reality technology, product launches, and the increasing number of merger and acquisition activities. However, high development costs associated with augmented reality and virtual reality applications are hindering market growth.

competitive analysis

The competitive scenario ranks companies based on various performance indicators. Some of the factors considered include the financial performance of the companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share among others. Ask for a sample

Market segmentation

  • By application, the market is segmented into consumer and enterprise. The consumer segment captured the largest share of the market in 2022.

  • By geography, the market is segmented into Asia Pacific, North AmaricaAnd the EuropeThe The Middle East And the AfricaAnd the South america. APAC has the largest market share in 2022.

Related reports:

The Augmented reality in the retail market The study is a comprehensive report containing in-depth qualitative and quantitative research to assess the current scenario and analyze 39.0% growth and 41.7% CAGR with market share increasing by 9.24 billion US dollars During the forecast period from 2021 to 2026. The use of augmented reality technology to make advertising more effective significantly leads to augmented reality in the growth of the retail market.

The Augmented and virtual reality in the healthcare market is expected to increase by 6.55 billion US dollars From 2021 to 2026, the market growth momentum will accelerate at a compound annual growth rate of 29.13%. The growing demand for healthcare services is significantly driving the augmented and virtual reality in the growth of the healthcare market, although factors such as infrastructure and integration issues may hinder the growth of the market.

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What key data does this Augmented Reality and Virtual Reality market report cover?

  • The compound annual growth rate of the market during the forecast period 2023-2027

  • Detailed information on the factors that will drive the growth of the Augmented Reality and Virtual Reality Market between 2023 and 2027

  • Accurate estimation of the size of the augmented reality, the size of the virtual reality market, and its contribution to the parent market.

  • Accurate predictions about upcoming trends and changes in consumer behaviour

  • The growth of the augmented reality and virtual reality industry across North Amaricaasia pacific, EuropeThe The Middle East And the AfricaAnd the South america

  • Comprehensive analysis of the competitive landscape of the market and detailed information on vendors

  • Extensive details of the factors that will challenge the growth of the augmented reality and virtual reality market vendors

Augmented Reality and Virtual Reality Market Scope

report coverage

details

page number

168

base year

2022

Historic year

2017-2021

forecast period

2023-2027

Growth momentum and compound annual growth rate

Acceleration at a compound annual growth rate of 52.37%

Market growth 2023-2027

364,557.67 million US dollars

Market structure, market structure

Fragmented

annual growth (%)

31.83

Regional analysis

Asia Pacific, North America, Europe, Middle East, Africa and South America

market share performance

Asia Pacific by 35%

major consuming countries

United States, China, Japan, Germany and the United Kingdom

Competitive scene

Leading companies, competitive strategies, scope of consumer participation

Profile of the main companies

Alphabet Inc. Apple Inc. Augmented Pixels Inc. , Blippar Ltd. CyberGlove Systems Inc. Eon Reality Inc. , HP Inc. HTC Corp. Innovega Inc. Lenovo Group Ltd. Magic Leap Inc. , Microsoft Corp. , PTC Inc. Samsung Electronics Co., Ltd. Ltd. Seiko Epson Corp.

Market dynamics

Key market analysis, market growth instigators and obstacles, fast-growing and slow-growing segments analysis, analysis of the impact of COVID-19, recovery and future consumer dynamics, and market situation analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can reach out to our analysts and customize your segments.

table of contents:

1. Executive summary

2 market view

3 Market Sizing

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by technology

7 Market segmentation by application

8 Customer perspective

9 geographical landscape

10 drivers, challenges and trends

11 landscape vendor

12 Vendor Analysis

13 Appendix

information about us

Technavio is a leading global technology research and advisory firm. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and assess their competitive positions within changing market scenarios. .

Contact

Technavio Research
Jesse Maeda
Marketing and media executive
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Augmented Reality and Virtual Reality Market 2023-2027

Global Augmented Reality and Virtual Reality Market 2023-2027

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